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Today, we collect more data than ever. Clients are generating data with every interaction they have with your company. With the right technology, such as predictive analytics, we can now leverage that information to foresee what to expect in the future. Surely, every industry can benefit from it, but let’s focus on predictive analytics in finance….
Do you know what your next purchase of a smartphone will be like? We can foretell the process for you. You will scan the latest models and reviews and find the best offers online — who needs brick-and-mortar stores these days, right? Then you will order the phone in just a few clicks and decide…
Have you ever used a chatbot in a mobile banking app to get financial advice? Was it valuable? If so, it means your bank effectively employs AI-powered tools to provide an excellent customer experience. And since process automation reduces fivefold compliance costs, very soon, we’re likely to see even more use cases of artificial intelligence…
It’s not rocket science to answer the question ‘what is insurtech?’ from the perspective of the meaning of the word. A much more exciting issue is revealing how insurtech is improving and transforming such a historically conservative industry as insurance. Our new article will focus on the current trends and prospects for development to make…
Big Data is more than a buzzword. Data-driven optimization is the major objective of the financial industry, so many companies are looking for opportunities to utilize Big Data and make a great step forward to digital transformation. Big Data helps to discover competitive advantages and reveal new market opportunities. written by: Anastasia Borodinets Big Data…