Blog Posts

04 Ways banks can leverage data science

As we go deeper into the fourth industrial revolution ,we see fintech and other digital solutions taking over traditional offline solutions. With all these transactions passing though the banks,there is a laot of data that banks already have that are currently under utilised.Many banks still collect and exploit data strictly to sataisfy regulatory requirements and produce reports requiredby the Central Bank or the government only. There is a lot of data science applications relevant to the banking industry.Below is a list of the top 4 opportunities banks can seize while

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5 Ways Data Science can help fight the Corona Virus

Over the past few months, the new Corona Virus (COVID-19) from China has become the topic of most global news now, present in more than 100 countries ,with over 92 000 reported cases worldwide, with new cases continuously being discovered daily.  The good news is fact that the lethal rate of the COVID-19 is very low (2% of infected people die) compared to SARS and MERS(60% of infected people die).So far the Corona Virus has claimed more than 4 000 lives. One of the major problem with the virus is the fact that its ease of transmission is relatively ver

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How Data Science helps fraud detection in a bank

The average bank loses more than 5% of their revenue to fraud.But that is not even the biggest loss, because the loss in confidence of the customers for such banks is of far greater significance than those figures. Some losses even go undetected for years, thus causing the banks to lose the customers to the competition. Fraud could come from customers, merchants, as well as from employees. Counterfeit credit cards, stolen credit cards, stolen account login, bank website cloning, merchant website cloning, etc. The list is too long and as technology advances, other fr