The finance business continues to evolve at a rapid pace with new technology and changing consumer dynamics and demographics. Technological advancements have now begun to contribute to the analysis of consumer data. In just over a decade, the establishment of credit bureaus has changed the way the retail lending business is conducted. The introduction of data-driven credit scores has transformed the way credit is extended to borrowers.
The advent of technology, mobile connectivity, and smartphone devices, and its spread among the masses, especially the youth, has shaken-up the way the new generation does banking. Digitization and mobility are now the norm in business, particularly so in financial services. It has become critical for older institutions to evolve with the technology to remain relevant for the next generation as well.
Machine learning (ML) and artificial intelligence (AI) are no longer terms of computer science familiar only to geeks having made inroads into the real world too. Machines are not only fast and efficient in processing, but they are also unbiased. And that is a quality humans may lack.
This story is from the December - January 2020 edition of UNIQUE TIMES.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December - January 2020 edition of UNIQUE TIMES.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Abdul Gafoor: A Luminant Odyssey
In today’s competitive market landscape, brands call the shots and business houses do not leave a stone unturned in their efforts to push their brands to stay ahead in the race.
Advocate AP Vasavan: Justice Meets Humanity
Among the rare class of legal professionals who place humanity, justice and honesty on an equal footing along with law, Advocate AP Vasavan of the High Court of Kerala deserves special mention.
How is Cholesterol Related to Increasing Risk of Stroke?
Cholesterol is a waxy substance that contributes to the buildup of deposits, known as plaques, within blood vessels.
Oppression And Mismanagement In Indian Corporate Law Jurisprudence A Few Aspects
The Companies Act, 2013 (“the Act”), was enacted with the primary objective of ensuring transparency, accountability, and protection of stakeholders' interests, incorporates provisions addressing oppression and mismanagement within companies.
Vit-B12: The Missing Piece in Your Health Puzzle
B12 deficiency is one of the most common nutrient deficiencies among Indians.
Two Monologues Do Not Make a Dialogue!
“The single biggest problem in communication is the illusion that it has taken place.”
Toenail Fungus, Beware: Household Hacks for Healthy, Happy Feet!
Toenail fungus, also known as onychomycosis, is a condition that can make your nails look unsightly and cause discomfort.
Tulum Tales: Unveiling the Mystique of Mexico's Coastal Gem
Tucked away on the Yucatán Peninsula's eastern shore, Tulum is a hidden gem that epitomises peace and unspoiled beauty.
Porsche Taycan Cross Turismo
On the face of it, I shouldn’t like this car. Porsche makes some of the best engines in the world and this one hasn’t even got one.
On Managing Leadership Transitions - Navigating the Winds of Change
Leadership transitions are pivotal moments for any organization, marking periods of both opportunity and uncertainty.