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How Banks are Using Technologies to Help Underserved Communities

Cloudera

Financial inclusion, defined as the availability and accessibility of financial services to underserved communities, is a critical issue facing the banking industry today. According to the World Bank, 1.7 Access to financial services and credit can help lift individuals and entire underserved communities out of poverty.

Banking 74
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Habib Bank manages data at scale with Cloudera Data Platform

Cloudera

As the leading financial institution of Pakistan, Habib Bank Limited (HBL) is at the forefront of all development initiatives which includes growth of priority sectors and targeting the unbanked population in the country. HBL was the first Pakistani commercial bank to be established in Pakistan in 1947.

Banking 83
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Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

The foundation for success is a data platform that allows flexible, cost-effective ways to access gen AI — whether organizations want to use off-the-shelf commercial and open-source large language models (LLMs), or fine-tune their own LLMs for more complex applications. Rinesh Patel, Snowflake’s Global Head of Financial Services 2.

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AI in Banking: 5 Applications of Artificial Intelligence in Banking

Edureka

The banking industry is at the forefront of integrating AI, one of its many transformational uses. Today, we explore the top five ground-breaking uses of artificial intelligence in banking as we delve into the realm of money. This enables banks to quickly investigate and take the necessary action.

Banking 40
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Back to the Financial Regulatory Future

Cloudera

While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008. Anyone can make their future whatever they want it to be.” Well, sort of.

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Data and AI as the Key to Unlocking Financial Inclusion

Cloudera

Of the many things one might take for granted, access to banking and financial services may not immediately come to mind. billion adults worldwide who do not have access to formal financial services, it is very real and presents massive challenges to driving economic development and poverty reduction.

Banking 73
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Is Your Financial Services Organization Ready to Leverage Generative AI?

Snowflake

While the possibilities of gen AI and large language models (LLMs) are limitless, there are several data challenges and risks financial executives need to be aware of when implementing AI that generates original content. Access to high-quality source data, strong governance controls and robust security are paramount.