fbpx
How Big Data Analytics are Used in the Banking Industry
Banking institutions need to use big data to remodel customer segmentation into a solution that works better for the industry and its customers. Basic customer segmentation generalizes customer wants and needs without addressing any of their pain points. Big data allows the banking industry to create... Read more
Transaction Data Enrichment, an Opportunity for Financial Wellness
Editor’s Note: See Pramod’s talk “Transaction Data Enrichment and Alternative Data: An Opportunity for Business Growth and Risk Mitigation” at ODSC West 2019.  In a recent financial wellness survey of American adults, 58% of respondents said they did not have the financial freedom to enjoy life.... Read more
Going to the Bank: Using Deep Learning For Banking and the Financial Industry
At ODSC London 2018, Pavel Shkadzko explained to the audience how Gini GmbH, where he works as a semantics engineer, uses deep learning to automate information extraction from financial documents, such as invoices. By applying deep learning to tasks historically handled by optical character recognition and... Read more