Vitalik Buterin (https://vitalik.ca) conceptualized Ethereum (https://ethereum.org) in November, 2013. The core idea proposed was the development of a Turing-complete language that allows the development of arbitrary programs (smart contracts) for blockchain and…

Introduction

Some reports estimate that the global mobile wallet market was worth USD 1.04 trillion in 2019 and will reach a whopping 7.5 trillion by 2027. This is…

Artificial intelligence (AI) and machine learning have come a long way, both in terms of adoption across the broader technology landscape and the insurance industry specifically. That said, there is still much more territory to cover, helping…

In 2015, the World Economic Forum estimated the net worth of blockchain to be approximately US$ 20 billion. To ensure maximum security of…

Those that encounter my blogs might notice two distinct types: 1) blogs that I formally prepare almost like an essay; and 2) those that are "unplugged" or informally prepared rather like a personal journal entry.  The mystique of writing something where I don't exactly know the…

The increasing penetration of smartphones across the world, combined with the high-speed & reliable internet connectivity that is now available, has made it possible for financial service providers to enable payments via mobile devices. The mobile payment apps are here to…

It may not come as a surprise that the private equity and hedge fund industries were affected by COVID-19, albeit in opposing ways. According to …

Artificial intelligence, among the most prevalent technologies in the world at the moment, has made significant contributions to the world around us ever since it first emerged on the scene. Think about it — the chatbots that engage with us when we visit a website, the smart speakers in our homes. They are all artificial intelligence-driven tools that…

Use of SecureSVM, Boosting, Bagging, Clustering, LSTM, CNN, GAN in Retail with BlockChain

Introduction

This blog highlights different ML algorithms used in blockchain transactions with a special emphasis on bitcoins in retail payments. This blog is structured as follows:

• Overview of the role of blockchain in the retail industry.
• Different traditional…

Profit analysis is an integral part of analysis drills, which are conducted at regular frequency. Both finance and marketing departments are equally engaged in this activity — though both have a different approach to it. Variance…

Although RPA tools make significant strides, automating routine tasks and allowing humans to focus on more sophisticated ones, yet, they can’t adjust their procedures to self-execution without human help. On the other hand, there are natural language processing tools, with all their power to finally automate routine tasks.

Working in unison with RPA, artificial intelligence solutions “rethink” the ways companies…

Startups often feel like they are at the center of a massive crossroad. Each path has at least one person waving them on with the promise of a growth hack that will turn their crawling, infant business into one that walks and talks.

Who do you listen to and which metrics do you use to measure your startup? It’s a difficult pair of questions to answer and the constant chirping of everyone sharing their opinion on what’s important for your…

Oh, the strategy pundits hate me! It’s not because I’m tall, good looking and from Iowa (well, 2 out of 3 ain’t bad), it’s because I think Strategy as a “Discipline” is way overblown.  I won’t go as far as the Harvard Business Review to state that “Strategy is Dead”, but the importance of carefully defining a strategy (typically done in the ivory towers of the puzzle palace) and then commanding all the little soldiers to follow the strategy script are over!

Former World…

In my previous post, I introduced the ELAINE Community Tool that can be used to discover variables from textual communications.

Statistical predictors work well for charting the course of economic activities based on macro factors that elicit supply and demand if the market environment is within a close proximity of a pattern that resembles previous economic cycles. Unfortunately, in today’s geo-political environment, many of these new variables are injecting forces that…

Gone are the days when insurance and nbfc sector was relying completely on manual processes. Today with the emergence of AI and data-driven business decision making coupled with the application of IoT technologies there is a radical transformation of business processes in insurance and other financial services, like straight through processing becoming mainstream. 

Let us look at different use cases:

1. Insurance Models:

Consider the recent proliferation…

Deep Learning is picking momentum in Quantitative Finance, outside the obvious application to the prediction of asset prices (where to my knowledge it is not particularly effective) and spreading into the more serious application area of option pricing and risk management.

These two recent papers clearly demonstrate the benefits of DL as a pricing technology alternative to the classical FDM and Monte-Carlo in certain contexts:…