Register for EVOLVE24 in Dubai (September 12, 2024) to hear from industry leaders on why hybrid solutions are essential for navigating an increasingly complex regulatory environment. A prominent global bank was thrust into the spotlight for all the wrong reasons. The institution was hit with a staggering fine – multiple billions – for failing to […]
Of all of the emerging tech of the last two decades, artificial intelligence (AI) is tipping the hype scale, causing organizations from all industries to rethink their digital transformation initiatives asking where it fits in. In Financial Services, the projected numbers are staggering. According to a recent McKinsey & Co. article, “The McKinsey Global Institute […]
Recently, Cloudera, alongside OCBC, were named winners in the“Best Big Data and Analytics Infrastructure Implementation” category at The Asian Banker’s Financial Technology Innovation Awards 2024. This recognition underscores the importance of trusted data when building AI and generative AI (GenAI) models and serves as a testament to the impact that reliable data can have in […]
The financial services industry is undergoing a significant transformation, driven by the need for data-driven insights, digital transformation, and compliance with evolving regulations. In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation. Cloudera […]
It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008. 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 […]
Of the many things one might take for granted, access to banking and financial services may not immediately come to mind. But as a thought experiment, imagine trying to buy a home or a car without the ability to take out a loan. Try depending on cash payments from your employer, or relying on alternative […]
With the emergence of new creative AI algorithms like large language models (LLM) fromOpenAI’s ChatGPT, Google’s Bard, Meta’s LLaMa, and Bloomberg’s BloombergGPT—awareness, interest and adoption of AI use cases across industries is at an all time high. But in highly regulated industries where these technologies may be prohibited, the focus is less on off the […]
Cloudera Partner Network Introduces New Sales, Technical and Industry Accreditations
The recent failures of regional banks in the US, such as Silicon Valley Bank (SVB), Silvergate, Signature, and First Republic, were caused by multiple factors. To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. Technology alone […]
Six ways a hybrid data platform modernizes financial services
