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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 742
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CIOs are worried about the informal rise of generative AI in the enterprise

CIO

As an example, the consultancy refers to how generative AI technology could potentially add $200 – $400 billion in added annual value to the banking industry if full implementation moves ahead on various use cases. Organizations are seeing a dramatic rise in informal adoption of gen AI – tools and platforms used without official sanctioning.

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4 of the Biggest Data Breaches in Banking

Smart Data Collective

Sadly, they often affect banks. Banking is an important sector of the world. This article discusses four of the most significant data breaches in banking…. We put a considerable amount of trust in our banks. We expect banks to fulfil their duty and provide protection. Tesco Bank.

Banking 301
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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

The banking industry is among them. Banks have been slower to adapt AI technology than some other institutions. However, the market for AI in banking is expected to grow over 30% a year and will be worth over $64 billion by 2030. New software uses AI to manage bank loans. AI Makes Bank Lending Software Far More Reliable.

Banking 302
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How TCS is helping to fight financial crime with AI and Microsoft Cloud

CIO

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. fraud losses amounted to $5.9 fraud losses amounted to $5.9 And for every dollar lost to fraud, banks spend over $4 on recovery fees, legal fees, and other expenses.

Alliance 613
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CIOs weigh where to place AI bets — and how to de-risk them

CIO

Given existing relationships with Webster Bank, that includes AWS and Microsoft. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. Unlike startups, however, established companies cannot risk the losses that might come from betting all on AI.

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Data Security Unveiled: Protecting Your Information in a Connected World

Smart Data Collective

This article will provide you with more information about it. Information or data that has been secured against tampering or disclosure by unauthorized parties. It’s crucial because it prevents your sensitive information, including bank records and personal details, from falling into the wrong hands.