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Redefining banking through AI and big data

NCR

The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks. The natural language processing system is handling over 30,000 conversations per month, satisfying over 75% of the bank’s clients, who prefer to deal with transactions in the app or online.

Big Data 111
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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. B2B FinTechs in the U.S. and India seem to be an unshakable force these days.

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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

At the same time, the market caps of the top 20 retailers have lost more than $230 billion over the last two years, and mall operators are sucking wind as overstocked anchor stores shutter underperforming locations, which delivers a death knell for the stores that depend on anchor store foot traffic to lure customers in.

Big Data 135
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HSBC, Alibaba Link Up On Quick eCommerce Loans

PYMNTS

Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group , have announced they will offer rapid finance approvals to online merchants that use Chinese shopping site Tmall, according to reports. The paper said that HSBC hasn’t ever used third-party data to approve trade financing.

Big Data 203
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The big data boom – what it means for banking

NCR

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

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Chinese eCommerce Firm JD.Com And Google Debut Online Store

PYMNTS

What we can share at this stage is that we are conducting test operations during this early phase,” a JD.com spokeswoman said. JD Big Data Platform Head and JD.com VP Zhi Weng said the “lab will combine our collective strengths to develop cutting-edge solutions to bring the precision of online shopping to offline players.”.

Google 116
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Machine Learning and AI ‘Crucial’ to Fighting Fraud, Research Shows

Banking Exchange

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97