From traditional brick-and-mortar establishments to sophisticated online platforms, the banking and fintech landscape has drastically evolved. Today, customers expect flawless digital experiences. Any flaw in the experience can cost you their trust, loyalty, and business. Digital banking offers the convenience and accessibility that your customers crave. However, with this transformation comes an increased risk of security breaches, operational failures, and user dissatisfaction.

Gartner predicts that generative AI will be a workforce partner for 90% of companies globally by 2025. However, Alexander Bant, Gartner Finance’s chief of research, expressed a contrasting view at the Gartner CFO & Finance Executive Conference in Sydney in February 2024. He noted, “The large majority of CFOs continue to be displeased with the performance of digital investments across their organization.”

Cloudera customers run some of the biggest data lakes on earth. These lakes power mission-critical, large-scale data analytics and AI use cases—including enterprise data warehouses. Nearly two years ago, Cloudera announced the general availability of Apache Iceberg in the Cloudera platform, which helps users avoid vendor lock-in and implement an open lakehouse. With an open data lakehouse powered by Apache Iceberg, businesses can better tap into the power of analytics and AI.

The financial services industry is undergoing a significant transformation, driven by the need for data-driven insights, digital transformation, and compliance with evolving regulations. In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation.

The COVID-19 pandemic and the resulting economic uncertainty forced businesses to rethink how they approach growth. This especially rang true in the financial services industry, where financial trends have the most direct impact. Curiosity, collaboration, and adaptability all became key to surviving this new climate.

Are you aware of the fact that India’s overall fintech market opportunity is estimated to be $1.3 Tn by 2025, growing at a CAGR of 31% during 2021-2025? This one statement paved the way for the FinTech revolution in India and is still growing… In just a few years, the emergence of fintech-powered technologies has revolutionized the financial sector, affecting how both large and small firms deal with their finances and transactions.

Making operational decisions in a tight timeframe is critical to the success of an organization. Real-time data ingestion enables quicker data availability, in turn enabling timely decision-making. Real-time ingestion is foundational to our digital transformation at Discover Financial Services. As a senior manager leading the streaming and real-time data platforms at Discover, I don’t want to be in the data replication business manually.

It’s Monday morning, and Sam woke up to a gentle sound on his phone. It’s not an alarm but his new financial pal—a voice-activated AI assistant. This friendly voice, tailored to his financial goals, provides a personalized morning briefing of his accounts, highlights upcoming bills, and even suggests budget-friendly options for his breakfast. After a busy workday, Sam stared at his evening coffee.

The financial crisis of 2008 exposed vulnerabilities in the global banking system. In response, the Basel Committee on Banking Supervision (BCBS) introduced the Basel III reforms, a set of regulations designed to strengthen banks’ capital adequacy and risk management practices. Basel 3.1, the latest iteration of these reforms, is set to be implemented in major jurisdictions like the EU and UK in 2025.