The 6 Definitive Data Analytics

Personalization and customer experience now deepened after the pandemic. With the shift towards mobile, almost 89% of customers now prefer mobile banking channels, and digital-only banks are transcending traditional banks. Unlike financial services organizations, fintech start-ups leverage technology and data analytics as per customer preferences.

Intense competition and tech disruption are the game-changer for fintech. Let us talk about the example of loan disbursal. Banks have a lot of KYC and due diligence processes that delay the loan disbursal. But data analytics and AI make it easier for fintech start-ups to decide in minutes. Many leaders were leveraging compelling data analytics use cases in banking and financial services. But they have to be updated regularly with the evolving tech landscape.

https://saxon.ai/blogs/data-analytics-use-cases-in-banking-and-financial-services/