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BNPL: Canada's Scotiabank Now Converting Credit Card Repayments to Buy Now Pay Later Options

BNPL: Canada's Scotiabank Now Converting Credit Card Repayments to Buy Now Pay Later Options
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Brett Mooney , Scotia Selectpay , Canada Based Scotiabank , Buy Now , Pay Later , Strategic Operating Framework , ப்ரெட் மூனி , கனடா அடிப்படையிலானது ஸ்கொட்டியாபங்க் , வாங்க இப்போது , செலுத்த பின்னர் , மூலோபாய இயங்குகிறது கட்டமைப்பு ,

Machine Learning Tools and Algorithms are Now being Used by Canada based Scotiabank to Help Clients Impacted by COVID-19

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Machine Learning Tools and Algorithms are Now being Used by Canada based Scotiabank to Help Clients Impacted by COVID-19
Canadian banking group
Scotiabank has noted that its strategic investments in machine learning (ML) technologies are beginning to pay off during the Coronavirus crisis, allowing it to effectively serve clients as they try to cope with these uncertain and challenging times.
Analysts at the bank’s global risk management department have been using ML tools to develop a cashflow prediction software program, called
Sofia or Strategic Operating Framework for Insights and Analytics.
Sofia makes use of historical commercial banking information, like customer deposits and various trends from previous years along with machine learning to predict what clients might expect in the coming weeks. This rolling average, which gets updated in real-time, provides the banking platform with a better understanding of which customers are more likely ....

John Phillips , Daniel Moore , Credit Solutions Group At Scotiabank , Strategic Operating Framework , Solutions Group , Chief Risk Officer , ஜான் பிலிப்ஸ் , டேனியல் மூர் , கடன் தீர்வுகள் குழு இல் ஸ்கொட்டியாபங்க் , மூலோபாய இயங்குகிறது கட்டமைப்பு , தீர்வுகள் குழு , தலைமை ஆபத்து அதிகாரி ,