Datafloq

Data and Technology Insights

finance

The Evolution of the Commercial Lending Industry Due to Big Data Utility

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There is no doubt that small businesses act as the foundation for the entire U.S. economy, and nearly half of the entire private workforce is made up of small businesses. Despite the large portion of the economy that constitutes these businesses, they have been classically ignored when it comes to commercial lending practices. This is primarily due to the fact that lending … [Read more...] about The Evolution of the Commercial Lending Industry Due to Big Data Utility

How Artificial Intelligence Impacts Financial Services

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Artificial Intelligence is using structured and unstructured data in financial services to improve the customer experience and engagement, to detect outliers and anomalies, to increase revenues, reduce costs, find predictability in patterns and increase forecasts reliability ¦but it is not so in any other industry? We all know this story, right? So what is really peculiar about … [Read more...] about How Artificial Intelligence Impacts Financial Services

3 Ways Blockchain Will Change Our Financial Lives Before 2020

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If you haven't completely wrapped your head around the concept of Blockchain technology, you're not alone. Most people haven't even heard the word, and those that have are unlikely to have even a fuzzy conception of what the technology is about. If you're in that boat, here's a quick explanation of what it is, before we get into the ways it is going to change our lives before … [Read more...] about 3 Ways Blockchain Will Change Our Financial Lives Before 2020