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
Supporting Data Access to Achieve Data-Driven Innovation
Data has become an essential driver for new monetization initiatives in the financial services industry. With the vast amount of data collected from customers, transactions, and market movements, among other sources, this abundance offers tremendous potential for financial institutions to extract valuable insights that can inform business decisions, improve customer service, and create new revenue […]
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 billion adults around the world do not have access to formal financial services, meaning that they cannot open a bank account or access credit, insurance, or […]
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