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Applications of Machine Learning and AI in Banking and Finance in 2023

Analytics Vidhya

Introduction Could the American recession of 2008-10 have been avoided if machine learning and artificial intelligence had been used to anticipate the stock market, identify hazards, or uncover fraud? The recent advancements in the banking and finance sector suggest an affirmative response to this question.

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Blockchain: The Fall of Traditional Centralized Systems in Business & Finance

Smart Data Collective

One of the biggest industries that has been affected has been finance. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution. Following a financial crisis back in 2008, the world’s financial system was still recovering and undergoing massive changes.

Finance 138
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VMware Cloud on AWS – here today, here tomorrow

CIO Business Intelligence

From September 2005 to January 2008, he served as chairman of the board of Integrated Device Technology. Prior to ICS, Mr. Tan was Vice President of Finance with Commodore International from 1992 to 1994, and previously held senior management positions with PepsiCo and General Motors. He has held this position since March 2006.

Finance 89
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AI Data, Traditional Trading, and Modern Investments

Smart Data Collective

Artificial intelligence is drastically changing the future of finance. One of the many ways that AI is being leveraged in finance is by helping improve the experience of investors. Fortunately, the first robo-advisors were created in 2008. Financial institutions spent over $10.1 billion on AI last year.

Finance 138
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VMware by Broadcom: The First 100 Days

CIO Business Intelligence

From September 2005 to January 2008, he served as chairman of the board of Integrated Device Technology. Prior to ICS, Mr. Tan was Vice President of Finance with Commodore International from 1992 to 1994, and previously held senior management positions with PepsiCo and General Motors. He has held this position since March 2006.

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4 of the Biggest Data Breaches in Banking

Smart Data Collective

People use finances daily, but it doesn’t mean they are completely protected from data breaches. In 2008 they suffered a cyber incident which impacted more than 130 million debit and credit cards. Big data is causing a number of data breaches. Sadly, they often affect banks. Banking is an important sector of the world.

Finance 119
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CDOs’ biggest problem? Getting colleagues to understand their role

CIO Business Intelligence

The CDO position first gained momentum around 2008, to ensure data quality and transparency to comply with regulations following the housing credit crisis of that era. Many early CDOs appeared in the finance industry as lenders faced fines related to the 2007-08 housing credit crisis.