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Financial Services trends - 47Billion

2024 Vision: Tech trends redefining the financial services industry  

  • Post author:47billion
  • Post published:January 1, 2024
  • Post category:Blog/Blog Finance

The financial services industry is highly profitable, generating around $12.5T in annual revenue and approximately $2.3T in annual net profits, with an average profit margin of 18%. Despite its profitability,…

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Insurance Industry tech trends 2024

2024 Vision: Tech Trends Reshaping the Insurance Frontier

  • Post author:47billion
  • Post published:December 28, 2023
  • Post category:Blog/Blog Finance

Jacob's doorbell rang, and a self-driving car that his personal AI assistant ordered was standing in front. Upon hopping into the car, he decides to drive today and move the…

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Empowering Finance: How Generative AI Redefines Industry Standards

Empowering Finance: How Generative AI Redefines Industry Standards 

  • Post author:47billion
  • Post published:December 4, 2023
  • Post category:Blog/Blog Finance

According to Precedence research, the global Generative AI in banking and finance market size is estimated at $712.4 million in 2022 and expected to reach around $12,337.87 million by2032, poised…

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Revolutionizing the financial sector with Data analytics 47Billion image

How is Data Analytics transforming Financial Services?

  • Post author:47billion
  • Post published:October 3, 2022
  • Post category:Blog/Blog Finance

The demand and value for fast and high-quality financial engineering, financial analysis, and forecasting have increased over the past years as we have entered the age of customer-centric services.  Big…

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Mortgage Analytics 47Billion

How to improve your Mortgage processing using Big Data Analytics

  • Post author:47billion
  • Post published:May 31, 2022
  • Post category:Blog/Blog Finance

"The proper use of data creates a virtuous profit cycle for the mortgage industry." As the mortgage industry becomes more competitive and challenging, lenders will need to find new and…

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Use data catalog as a knowledge repository for document understanding 47Billion

Use Data Catalog As A Knowledge Repository For Document Understanding

  • Post author:47billion
  • Post published:February 14, 2022
  • Post category:Blog/Blog Finance

Every day mortgage processing companies, healthcare insurance companies, banks, finance, legal, HR departments, and government agencies review and extract data from millions of documents to make decisions. Some of these…

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Insurance Claims Management in Digital Era - 47Billion

Insurance Claims Management in Digital Era

  • Post author:47billion
  • Post published:March 8, 2021
  • Post category:Blog/Blog Finance

It is 2030. John has hailed an autonomous cab. He leaves for the office in his self-driving cab. John’s AI assistant maps a potential route and shares it with his mobility insurer, which instantly finds another…

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Digital Transformation guide for Mortgage Lenders in the US

Digital Transformation Guide for Mortgage Lenders in the US

  • Post author:47billion
  • Post published:September 4, 2020
  • Post category:Blog/Blog Finance

The mortgage industry in the USA is now at a junction where lenders want to take the road to digital transformation or stick to the conventional process of LOS/LMS. Mortgage…

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Document Understanding – A Doorway To Efficient Systems 47Billion

Document Understanding – A Doorway To Efficient Systems

  • Post author:47billion
  • Post published:June 18, 2020
  • Post category:Blog/Blog Finance/Blog Healthcare

A 60-year-old patient walks into a new medical facility. He carries with him a big pile of printed papers of health records containing his reports from all his previous medical…

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