Credit card debt collection
Hacker News
SEPTEMBER 12, 2023
Credit card debt is the waste stream of consumer finance. The debt collection industry ends up being sordid, for complex structural and microeconomic reasons.
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Visa raises GenAI shields against frauds
Dataconomy
MAY 8, 2024
This focus allows the tool to better understand and predict fraudulent activities within the realm of finance. Each card-not-present transaction is evaluated against established spending behaviors to determine its risk score. Featured image credit: CardMapr.nl/Unsplash Unsplash
Deep Learning 
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Generative AI Deep Dive: Advancing from Proof of Concept to Production
Understanding User Needs and Satisfying Them
Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know
The Project Clinic: Assessing Project Health, Planning, and Execution
Leading the Development of Profitable and Sustainable Products
Navigating the economics of gaming: Balancing hobby and budget
Dataconomy
JANUARY 15, 2024
Image Credit Purchase games online If you’re aiming to save money, it’s widely acknowledged that your best chances for securing a deal are online rather than opting for a boxed version at a physical store. Acquiring these cards is a straightforward process, and the gifted amount can be utilized at your discretion.
181 Webinars
Generative AI Deep Dive: Advancing from Proof of Concept to Production
Understanding User Needs and Satisfying Them
Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know
The Project Clinic: Assessing Project Health, Planning, and Execution
Leading the Development of Profitable and Sustainable Products
Capital One is buying Discover Financial Services in a $35B deal
Dataconomy
FEBRUARY 20, 2024
credit card market. On the surface, the Capital One buying Discover deal seems like a strategic masterstroke ( Image credit ) A goliath emerges On the surface, the Capital One buying Discover deal seems like a strategic masterstroke. bank by assets and a major player in the U.S.
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Life at the Margin: How I got $25,000 in debt
Hacker News
AUGUST 2, 2023
Financing my life with credit cards and margin loans.
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Smart financing: How to secure funds for your acquisition journey with virtual data rooms
Dataconomy
FEBRUARY 7, 2024
These are just a few factors that underline the necessity of smart financing for an acquisition. Image credit ) What is smart financing in the acquisition deal context, and how can data rooms support the process? To make a good choice, you employ smart financing principles similar to those used in an acquisition deal.
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How Big Data and AI are Revolutionizing Payments
Smart Data Collective
SEPTEMBER 30, 2021
How Big Data is changing the finance and retail scene. Typically, finance and retail sectors face challenges in optimizing their ROI. The finance sector, specifically banks, is using big data analytics to understand transactions and payments and help customers. What are Virtual cards? Let’s start with a use case.
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AI-Based Analytics Are Changing the Future of Credit Cards
Smart Data Collective
MAY 19, 2023
AI also allows credit card companies to take advantage of predictive analytics capabilities, which can help make better decisions and identify trends in the market. As such, it is changing the way we interact with our finances daily. Singha reports that marketing analysts believe the global credit card market will be worth $103.06
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How Credit Providers and Lenders Use Data Effectively
Smart Data Collective
JUNE 23, 2022
Banks, credit card companies and other financial service providers are leveraging big data in unprecedented ways. The use of data can be crucial for credit card companies and those offering loans and mortgages. Data is vital for the initial approval of a credit card or loan. Initial Approval.
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How to close Paytm Postpaid: Explore alternatives
Dataconomy
FEBRUARY 1, 2024
A key feature Paytm offers, known as Paytm Postpaid, has gained popularity as a flexible credit option for users, allowing them to make purchases and payments easily. Paytm Postpaid is an innovative offering that acts as a digital credit account within the Paytm ecosystem. Choose ‘I don’t use this Paytm account.’
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Top 10 Financial Mistakes That Can Be Resolved with AI
Smart Data Collective
JUNE 30, 2023
Managing personal finances is becoming more complex with various investment options, debt strategies, and budgeting tools. AI is now used to assist people in improving their financial literacy and managing their finances better. Personal finance management involves tracking income, expenses, and investments.
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Ways Data Analytics Helps Business Owners Resolve Financial Issues
Smart Data Collective
JANUARY 12, 2022
Data analytics has arguably become the biggest gamechanger in the field of finance. Personal finance mistakes and issues often happen to businesses and business owners. Good finance habits set entrepreneurs up for success by letting them focus on the growth of their companies. Your credit score. Fraud risks.
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The Complex Reality of Personal Data In The Credit Card Industry
Smart Data Collective
AUGUST 27, 2020
This is particularly complicated when it comes to credit cards. Credit card companies store a lot of data on us. The ACLU has talked about the dangers that customers face when it comes to their personal privacy and credit cards. And where does that leave your credit card data? Credit records.
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Did RBI ban Paytm in India?
Dataconomy
FEBRUARY 6, 2024
Let’s explore this regulatory twist and its implications for the future of digital finance in India. However, interest, cashbacks, or refunds may still be credited to customer accounts. It is crucial to understand why RBI acted and what it means for Paytm and digital banking. Did RBI ban Paytm in India?
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Benefits of Using Data Analytics in Equipment Financing
Smart Data Collective
NOVEMBER 22, 2021
Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes. One of the most important benefits of big data involves getting financing for new equipment. The Growing Importance of Using Big Data to Finance New Equipment.
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Data Analytics Improves Credit Risk Reduction Via Diversification
Smart Data Collective
AUGUST 19, 2023
Data analytics technology has significantly improved the state of finance. We have talked about some of the many ways that data analytics technology is changing the state of finance. One of the ways people are benefiting from data analytics is by improving credit score monitoring. billion by 2030.
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The evolution of consumer sentiment analysis tools and the role of startups
Dataconomy
FEBRUARY 21, 2024
Surveys for money, often in the form of gift cards and other rewards, were incredibly common. Credit Qlay Technologies out of Japan is a startup shaking up the consumer sentiment industry. Credit Yamashita developed a balanced mix of engineering and business skillsets. Image Credit: Qlay.AI
4 of the Biggest Data Breaches in Banking
Smart Data Collective
SEPTEMBER 26, 2022
People use finances daily, but it doesn’t mean they are completely protected from data breaches. In 2008 they suffered a cyber incident which impacted more than 130 million debit and credit cards. Some of the compromised data involved credit card numbers, card expiration dates and cardholder names.
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How fintech innovation is driving digital transformation for communities across the globe
IBM Journey to AI blog
APRIL 29, 2024
Fintechs, for example, have been transformational for the financial services industry, from democratizing finance to establishing digital currencies that revolutionized the way that we think of money. However, with a more accurate model, such as one powered by AI, financial institutions can better identify applicants who are fit for credit.
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Five ways to start a successful e-commerce website
Dataconomy
JUNE 27, 2023
Provides a roadmap for marketing and financing A business plan provides a roadmap for the e-commerce site needed to achieve success. A payment gateway is a technology that securely processes transactions between your website and your customers’ banks or credit card companies.
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Global costs of cyber attacks in 2024 and the future
Dataconomy
FEBRUARY 22, 2024
The rise of decentralized finance (DeFi) and the easy accessibility of cryptocurrencies amplify exploitation avenues. Image credit ) DDoS attacks Distributed Denial of Service attacks overload a service, like a traffic jam blocking roads. Featured image credit : kjpargeter/Freepik. It accounts for 39.6%
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Big Data Leads to the Possibility of a Cashless Society
Smart Data Collective
JUNE 22, 2022
In 2016, just 7% of payments were made by a debit or credit card. By 2020, half of all payments in the UK were made by card, more than a quarter (27%) using contactless. By the end of 2021, 70% of card payments were contactless. One of the biggest benefits of data technology is that it has helped fight credit card fraud.
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Gathering Data Can Be Vital for Your Personalized Financial Plan
Smart Data Collective
FEBRUARY 12, 2021
Big data has had a profound impact on the finance industry. You won’t be able to use sophisticated machine learning tools to track the trajectory of your finances without having the data on hand first. However, the impact on personal finance is a bit different. The financial analytics market is projected to be worth $11.3
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Streamlining Credit Risk Models with Machine Learning
Mlearning.ai
APRIL 4, 2023
Understanding credit risk is one of the oldest mathematical problems in the financial world. Photo by Scott Graham on Unsplash Introduction Machine Learning has become indispensable for the finance industry. Machine Learning-based credit risk models are created to tackle this exact problem. What Is Credit Risk Modelling?
How AI Is Solving Banking Challenges During The Coronavirus Pandemic
Smart Data Collective
APRIL 1, 2020
AI helps you avoid high cost credit. AI also plays a very important in helping customers get access to the best rates for loans and lines of credit. If you need to borrow money, consider asking family and friends who will likely charge zero interest or reaching out to your local credit union. Use balance transfer credit cards.
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How KNIME and Snowflake Support Financial Challenges
phData
MAY 12, 2023
In the context of finance, this integration proves to be a game-changer. Top Use Cases for KNIME & Snowflake in Finance Fraud Detection & Prevention Fraud detection is a significant concern in the financial industry, and it becomes particularly challenging due to the sheer volume and complexity of transaction data.
Crypto investment tactics for beginners
Dataconomy
SEPTEMBER 19, 2023
Image credit ) Another reason why cryptocurrency is seen as a great investment is its decentralized nature, which eliminates the need for intermediaries like banks and other financial institutions. Featured image credit: Kanchanara/Unsplash There are various industries trying to utilize this perk, such as the betting industry.
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Don’t let shadow data overshadow the security of your business
Dataconomy
FEBRUARY 29, 2024
Your business is a finely-tuned machine and shadow data could be the sand thrown into its gears ( Image credit ) What is shadow data? It might contain sensitive customer information like credit card numbers and personal details, confidential company files, or valuable intellectual property.
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RPA in Finance and Banking: Use Cases and Implementation?—?NIX United
Mlearning.ai
FEBRUARY 15, 2024
RPA in Finance and Banking: Use Cases and Implementation — NIX United Are robots really more efficient than live employees? RPA in finance is deemed a powerful tool for institutions to reach an edge over the competition by enhancing operational efficiency and elevating client experience. What is Robotic Process Automation in Finance?
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5 Ways Data Analytics Helps Us Understand the Student Lending Crisis
Smart Data Collective
MARCH 10, 2022
So, why are over three-quarters of students anxious about their current finances? trillion , student loans represented the third-largest type of debt in the US, even before credit card and personal loan debts. Big Data Helps Understand the Nature of the Student Loan Crisis. But what should today’s borrowers really expect?
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The Rise Of AI In The Banking And Finance Industry: Use Cases And Applications
Becoming Human
JUNE 5, 2023
Here are some of the key benefits of AI in the banking sector: Improved decision-making: AI algorithms can analyze vast amounts of data in real time, providing insights that inform investment strategies, credit risk assessments, and lending decisions.
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Leading Trends of Fintech Development Services in 2022
Smart Data Collective
SEPTEMBER 16, 2022
AML (anti-money laundering) is a sought-after fintech tool designed to combat money laundering and the financing of banned organizations. Decentralized finance. With decentralized finance, users will maintain control over their assets by interacting with the ecosystem through peer-to-peer, decentralized applications (dapps).
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Cash versus digital payments: How to achieve financial inclusion
IBM Journey to AI blog
FEBRUARY 6, 2024
Europe recently announced a mandate that real-time payments be available from any provider who currently offers batch euro payments (such as SEPA credit transfers) at a price of no more than the cost of batch transfers. ban is that many people don’t have a bank debit or credit card, so they must use cash to make payments.
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Data then, Data now, Data in 2040
Ocean Protocol
AUGUST 23, 2023
That’s how the idea of using punch cards in writing and processing data was born. Hollerith started working on the design of the tabulation machine that uses punch cards, based on a previous model invented by the silk weaver Joseph Jacquard in the 1800s. The cards are moved between brass rods so that the data is read electronically.
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Best Egg achieved three times faster ML model training with Amazon SageMaker Automatic Model Tuning
AWS Machine Learning Blog
JANUARY 26, 2023
Best Egg is a leading financial confidence platform that provides lending products and resources focused on helping people feel more confident as they manage their everyday finances. This statistical model generates a final score, or Good Bad Indicator (GBI), which determines whether to approve or reject a credit application.
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Can Data-Driven Accounts Receivable Management Strengthen Client Relationships?
Smart Data Collective
JANUARY 6, 2021
One of the biggest uses of big data in finance relates to accounts receivable management. Robert Kugel from Ventana Research has talked about some of the benefits of using big data and AI in finance. These include finding ways to expedite payments or lowering lines of credit for customers.
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23 Best Free Human Annotated Datasets for Machine Learning
Iguazio
DECEMBER 5, 2023
Finance - Credit Card Transactions Dataset A dataset containing credit card transactions. Human Resources - Resumes and Job Categorization Dataset A dataset with CVs. Each resume is classified with the job title, category and other parameters. Get the dataset here. Get the dataset here.
Best 13 Free Financial Datasets for Machine Learning [Updated]
Iguazio
FEBRUARY 17, 2024
Open and free financial datasets and economic datasets are an essential starting point for data scientists and engineers who are developing and training ML models for finance. credit card”, and get a list of the available datasets for you to consume. million datasets, 67,758 of them related to finance and the economy.
LLM Use-Cases: Top 10 industries that can benefit from using large language models
Data Science Dojo
AUGUST 22, 2023
Fraud detection: LLMs can be used to identify fraudulent activity, such as credit card fraud or identity theft. Finance Large language models (LLMs) are being used in finance to improve the efficiency, accuracy, and transparency of financial markets. This can help to protect businesses from financial losses.
AI agents are turning data into business gold
Dataconomy
MAY 28, 2024
Fraud detection systems In the finance sector, AI agents play a pivotal role in identifying and preventing fraudulent activities. Banks and credit card companies employ these AI systems to monitor account activity, flagging suspicious transactions for further investigation and protecting customers from potential fraud.
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Cyber Fraud Statistics & Preventions to Prevent Data Breaches in 2021
Smart Data Collective
SEPTEMBER 22, 2021
Threats like identity fraud, credit card fraud, online banking fraud, and online shopping fraud are the most widely known due to their occurrence frequency. Credit card fraud is a type of identity fraud that involves the use of credit cards for fraudulent purposes. Cyber fraud is not just one or two types.
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Eight financial services trends driving the need for better data visualization
Cambridge Intelligence
APRIL 30, 2024
Embedded finance solutions We’ve seen financial products appearing from non-financial services providers for years – think private-label credit cards or auto loans at dealerships. Download our white paper on network and timeline visualization for cloud security to find out more about this use case.
Structural Evolutions in Data
O'Reilly Media
SEPTEMBER 19, 2023
” Web3 has similarly progressed through “basic blockchain and cryptocurrency tokens” to “decentralized finance” to “NFTs as loyalty cards.” And that brings our story to the present day: Stage 3: Neural networks High-end video games required high-end video cards. Next up is compute power.
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Is Machine Learning Changing Our Approach to Asset Management?
Smart Data Collective
JULY 4, 2021
On the finance side of businesses, asset management firms are utilizing machine learning with computerized maintenance management systems (CMMS) and data analytics to manage digital assets. Clients or customers can now have safer transactions for investing, saving, borrowing, and spending money. What Machine Learning Means to Asset Managers.
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