Dataconomy

NOVEMBER 23, 2023

Fidelity National Financial data breach emerged as a headline on Tuesday when the Fortune 500 giant, specializing in title insurance and settlement services for the real estate sector, disclosed its encounter with a significant cybersecurity challenge. ” The company emphasized that the investigation is actively ongoing.

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Dataconomy

APRIL 22, 2024

Once only science fiction, this technology is now a transformative force across various sectors, revolutionizing how businesses approach financial operations, strategic planning, and decision-making processes. These services ensure that companies keep pace with technological advancements and can evolve to secure a competitive edge.

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Dataconomy

MAY 13, 2024

Bharti Airtel, India’s second-largest telecom provider, has announced a strategic partnership with Google Cloud to develop and deploy cloud computing and generative AI solutions tailored for Indian businesses. Featured image credit: Pawel Czerwinski/Unsplash

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IBM Journey to AI blog

NOVEMBER 14, 2023

In today’s hyper-competitive digital landscape, the rapid development of new digital services is essential for staying ahead of the curve. Shockingly, a staggering 33% of developers lack the necessary skills or resources, hindering their productivity in delivering products and services.

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Data Science Dojo

SEPTEMBER 17, 2023

Fraud Detection and Risk Assessment AI brings an exceptional skill to the table – the ability to detect irregular patterns within financial data. This plays a pivotal role in ensuring the financial integrity of our organizations. Data Security: With AI’s capabilities come concerns about safeguarding sensitive financial data.

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Dataconomy

AUGUST 8, 2023

The pioneering cryptocurrency has captivated the financial world since its inception in 2009. In this article, we will explore the journey of Bitcoin and how it has transformed the financial landscape, becoming a game-changer in the world of finance. The investment and speculative aspects of Bitcoin cannot be ignored either.

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AUGUST 1, 2023

In fact, research shows AI can help boost customer satisfaction when it’s used to offer customers more personalized solutions or to help human employees provide better service than they would without the technological assist. Some examples of companies experiencing early success with this are in the financial services industry.

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Dataconomy

MAY 31, 2023

Amidst this pursuit for excellence, a transformative concept has emerged – Solution as a Service (SolaaS). What is Solution as a Service (SolaaS)? An innovative use of cloud computing, “Solution as a Service” involves the delivery of an entire IT solution rather than its individual components.

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Dataconomy

DECEMBER 4, 2023

The Westpac outage sends shockwaves through digital banking, plunging customers into an unexpected financial twilight. The Westpac outage that occurred recently disrupted the bank’s online banking system, rendering customers unable to access their accounts or use essential banking services.

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Dataconomy

JULY 26, 2023

The development of banking and financial software is essential to the banking sector’s digital transformation. Banks and other financial organizations may simplify operations, boost security, and provide clients with better services thanks to these software solutions. Multiple account types (savings, checking, etc.),

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Dataconomy

FEBRUARY 28, 2024

Formerly identified as AmerisourceBergen, Cencora plays a key role in the pharmaceutical industry by providing drug distribution and healthcare solutions to doctor’s offices, pharmacies, and animal health services. What’s the extent of the Cencora data breach? The company, which reported a revenue of $262.2

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IBM Journey to AI blog

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

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Smart Data Collective

SEPTEMBER 16, 2022

Therefore, companies developing fintech software prefer to provide customers with the necessary and, most importantly, in-demand services. In this article, we will look at the main trends in the field of fintech development services for 2022. KYC and AML systems, BNPL services. Top 5 Finetech Development Trends.

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Data Science Connect

JULY 24, 2023

The financial sector is undergoing a paradigm shift, fueled by the convergence of blockchain and artificial intelligence (AI) technologies. By employing cryptographic principles, blockchain creates an immutable and tamper-resistant record of financial transactions, eliminating the need for intermediaries and reducing the risk of fraud.

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AWS Machine Learning Blog

SEPTEMBER 19, 2023

Multi-modal data is a valuable component of the financial industry, encompassing market, economic, customer, news and social media, and risk data. Financial organizations generate, collect, and use this data to gain insights into financial operations, make better decisions, and improve performance.

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IBM Journey to AI blog

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Banks want to tap into these new innovations.

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IBM Journey to AI blog

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

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IBM Journey to AI blog

APRIL 22, 2024

Modularity : Deployable architecture follows a modular design pattern, where different components or services are isolated and can be developed, tested and deployed independently. IBM Cloud provides you with well-architected patterns that are secure by default for regulated industries like financial services.

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IBM Journey to AI blog

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. DORA applies to all financial institutions in the EU. What is cyber resilience?

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Dataconomy

MAY 14, 2024

The consequences can be serious and range from legal consequences to significant financial losses. These attacks not only disrupt operations, but also pose a significant financial and reputational risk to organizations. Privacy breaches Data breaches occur when unauthorized persons gain access to private data.

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Smart Data Collective

SEPTEMBER 19, 2022

billion on financial analytics by 2030. Big Data is the collection and processing of huge volumes of different data types, which financial institutions use to gain insights into their business processes and make key company decisions. We have witnessed huge advancements in the financial industry’s service provision, thanks to big data.

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Dataconomy

JANUARY 10, 2024

Fidelity National Financial (FNF), a big real estate services company, confirmed that hackers got their hands on data from 1.3 They’re offering credit monitoring and identity theft services, suggesting that personal and sensitive information might be at risk. Here are all the details about the FNF data breach!

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phData

JANUARY 24, 2024

And that’s where Fivetran comes in – the data connector solution changing how financial services organizations manage their data. In this blog, we will cover why Fivetran has become such a vital tool for the financial industry, along with our top picks for the Top 5 Fivetran Connectors for Financial Services.

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Dataconomy

APRIL 18, 2024

If we talk about white label payment solutions for crypto, this technology allows cryptocurrency transactions with Bitcoin, Ethereum, Litecoin, Tether, and others. Currency conversion: Some gateways offer currency conversion services so that merchants could accept crypto payments and receive payouts in their preferred fiat currency.

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Dataconomy

AUGUST 1, 2023

The InnoMaps Blockchain Map is designed to facilitate a dialogue among blockchain entrepreneurs, service providers, and enablers, laying the foundation for a thriving blockchain community in Germany. Crypto asset classification: In March 2018, BaFin released a classification of cryptocurrencies as financial instruments.

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IBM Journey to AI blog

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

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Dataconomy

APRIL 9, 2024

Thanks to this basis, cryptocurrency is a logical next step for Japan’s financial transactions. In an attempt to expand the usage of cryptocurrency as a payment method, this capacity is extended to various users, such as Web3 services, e-commerce platforms, and brick-and-mortar retail locations.

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IBM Journey to AI blog

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

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Dataconomy

FEBRUARY 21, 2024

Unlike other LLMs, it is uniquely focused on addressing the specific needs of India , spanning various sectors such as healthcare, governance, financial services, and education. This targeted approach can lead to the development of solutions that are better suited to the needs of the Indian population.

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IBM Journey to AI blog

OCTOBER 10, 2023

These attacks are even more detrimental in critical systems, which include IT infrastructure and financial services organizations. IBM Cloud for Financial Services This is where IBM Cloud for Financial Services shines—it helps clients to fill that gap by supporting innovation while guaranteeing security and compliance.

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Smart Data Collective

JANUARY 13, 2022

One of the biggest issues is focusing entirely on outreach at the expense of customer service. AI technology is helping solve customer service problems. In order to appreciate the benefits of AI in customer service, you must recognize the most common customer service problems. Customer Service in a Services Business.

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IBM Journey to AI blog

OCTOBER 24, 2023

Organizations need simplified, integrated and automated solutions to help optimize IT spend, improve operations and drive greater financial returns. IBM Consulting is uniquely positioned to provide exceptional FinOps and TBM services, from strategic planning to operating model implementation and managed services.

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IBM Journey to AI blog

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

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IBM Journey to AI blog

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. Founded in the UK in 2020, MySocialPulse has continued to scale its business by leveraging both cloud and AI technologies from IBM.

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Chatbots Life

MAY 8, 2024

Software as a Service (SaaS) is a cloud-based solution that offers businesses scalable and flexible cybersecurity solutions. This article delivers the convergence of SaaS and cybersecurity, exploring the benefits and implications of adopting cloud-based security services.

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IBM Journey to AI blog

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Article 7 of the draft RTS delves into cryptographic key management, emphasizing the importance of lifecycle management for cryptographic keys.

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