Digital Twin Technology Reshaping IoT-Enabled Environments

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Evolution Of The Digital Twin Technology What is a digital twin? Digital Twins can be best defined as digital copies or virtual replicas of physical assets. Data scientists can make use of digital twins to try and run simulations before they build and deploy actual devices. Digital Twin technology transforms the way in which the Internet …

Can Machine Learning Predict And Prevent Fraudsters?

How Machine Learning Systems Detect And Prevent Frauds Without Affecting Your Customers There is nothing more fearful than imbalanced data, especially when dealing with various payment channels like credit and debit cards in banks and other financial organizations. With the wide increase of different payment mediums, businesses are finding it difficult to authenticate transactions. But Machine …

How Predictive Algorithms and AI Will Rule Financial Services

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Artificial Intelligence (AI), the next big thing in the technology space, is all set to unleash big scale disruptions. The potential impact is more profound in the financial sector, which lives and breathes data. Artificial Intelligence (AI) powered “smart” machines do not just crunch data. It indulges in self-learning to solve cognitive tasks, until now …

Banking and Finance: How to Spice up your Digital Marketing

Some marketing campaigns are hilarious and others heartbreaking, whatever they are, they are interruptive for sure- because it makes you stop by and notice! To justify the statement, you may think digital marketing campaigns should always be the most attractive and catchy. But that is not often the case. For instance, the banking and finance …

7 Key Areas for Financial Institutions to Increase Profitability

In 2014, we saw the banking and financial services industry in the midst of a compliance crisis. Therefore, Most banking institutions pursued a shift in focus from defensive compliance remediation to revenue growth and cost reduction. Some banks had to settle some of their mortgage-related cases, the fines for which were quite huge. Further, the …