article thumbnail

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 Banks are also working to help underserved communities become more financially literate and responsible.

Banking 74
article thumbnail

Top 5 Data + AI Predictions for Financial Services in 2024

Snowflake

And it’s no wonder — this new technology has the potential to revolutionize the industry by augmenting the value of employee work, driving organizational efficiencies, providing personalized customer experiences, and uncovering new insights from vast amounts of data. Here are just a few of their exciting predictions for the year ahead.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

AI in Banking: 5 Applications of Artificial Intelligence in Banking

Edureka

In the constantly changing world of technology, artificial intelligence has become a potent tool for transforming sectors all over the world. The banking industry is at the forefront of integrating AI, one of its many transformational uses. This enables banks to quickly investigate and take the necessary action.

Banking 40
article thumbnail

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.

article thumbnail

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. AI algorithms can analyze a broader range of data sources, including non-traditional data like mobile phone usage, utility payments, and social media activity, to assess creditworthiness beyond credit history.

Banking 73
article thumbnail

Is Your Financial Services Organization Ready to Leverage Generative AI?

Snowflake

As an industry built on data, financial services has always been an early adopter of AI technologies. Now, generative AI (gen AI) has supercharged its importance and organizations have begun heavily investing in this technology. Having a technology platform that allows for high capacity and flexibility is critical.