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Redefining banking through AI and big data

NCR

The rise of the Millennials is creating a revolution in the economy. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance. The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks.

Big Data 111
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Breaking Banks: Big Data Use in Real Time Transactions [AUDIO]

Bank Innovation

Next up was data and its use in providing context to the consumer experience. Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector.

Big Data 150
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Frightful Five: The Apple Update That Pays

PYMNTS

In another blow to online artisan marketplace Etsy, Amazon is pushing its own artisanal wares this holiday season by offering last-minute, one- and two-hour Prime Now delivery through Christmas Eve on items from its Amazon Handmade marketplace. Vietnamese hackers have tricked the iPhone X’s Face ID user authentication technology — again.

Apple 111
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How Handy Uses Data To Find Fraudsters Before They Strike

PYMNTS

The all-new Fraud Decisioning Playbook , a collaboration between PYMNTS and Simility , highlights the latest solutions that combine automation, artificial intelligence (AI), machine learning (ML) and Big Data analytics to help companies to better understand new fraud threats as they emerge. Across the Fraud Decisioning Landscape.

Data 101
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How Payments Security Drives Digital Transformation

PYMNTS

Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. It’s all about the data : Second is to use Big Data analytics to get an omnichannel perspective. APIs pull together and collect data, but algorithms can obtain intelligent data for new services.

Security 100
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For Gig Workers and Entrepreneurs, Business Banking Done Digitally

PYMNTS

In an interview with PYMNTs, Steve Taklalsingh, Amaiz managing director & CFO, said that entrepreneurs are increasingly interested in a mobile-first option for banking as millennials and Gen Zers have grown up with the internet as a major part of their lives. Big Data makes access to insights about customers affordable as well, he said.

Taxes 108
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Retail Pulse: Walmart To Boost Supply Chain In China; JD Sports Rides Athleisure Popularity

PYMNTS

Its supply chain taps into the Data Lake big data platform to enhance analytics and information storage. The company weathered retail gloom with its strong international footprint and online presence. Shares of the owner of Footpatrol and Cloggs jumped as much as 4.4 and other markets.

Retail 101