How do modern banks use Big Data?
Recently, we have been hearing about Big Data more and more often. In today's digital world, this technology is being actively used in the financial industry as…Continue
Added by Artsiom Balabanau on June 17, 2021 at 9:00pm — No Comments
However, the rapid growth in the new-age technologies, such as AI, ML, blockchain, big data, cloud computing, IoT, is driving a shift in the insurance industry. The insurers are making strategies to…Continue
Added by Joydeep Bhattacharya on April 21, 2021 at 9:30am — No Comments
The constant evolution of technology has benefited every single industry on the face of Earth much more than you and I could imagine. This holds especially true for the financial sector, where it has given rise to FinTech, which has now been around for a while now. However, the advancement of technology has now given rise to yet another exciting development: The integration of IoT in FinTech. While IoT was already growing, it was only a matter of time until it made its way into this sector.…Continue
Added by Ryan Williamson on December 3, 2020 at 3:45am — No Comments
Added by Olha Zhydik on November 2, 2020 at 5:44am — No Comments
"Fintech" describes the new technology integrated into various spheres to improve and automate all aspects of financial services provided to individuals and companies. Initially, this word was used for the tech behind the back-end systems of big banks and other organizations. And now it covers a wide…
Added by Yulia Kondratyuk on October 26, 2020 at 1:00am — No Comments
Technology is changing the way we live and breathe. We’d even go a step ahead, and quote:
Added by Amit Dua on October 21, 2020 at 2:44am — No Comments
The financial services industry has been experiencing the recent evolution of new technology innovations. The industry overall and many fintech start-ups are looking for a new lane to successful business models, the design of enhanced customer experience, and approaches that result in services transformation.
These platforms have allowed even niche products to find financial supporters and potential…Continue
Added by Vishal Virani on November 20, 2018 at 5:13am — No Comments
The insurance industry – one of the least digitalized – is not surprisingly one of the most ineffective segments of the financial services industry. Internal business processes are often duplicated, bureaucratized, and time-consuming. As the ubiquity of machine learning and artificial intelligence systems increases, they have the potential to automate operations in insurance companies thereby cutting costs and increasing productivity. However, organizations have plenty of reasons to resist…Continue
Added by Denys Harnat on August 28, 2018 at 3:35am — No Comments
Machine learning in finance may work magic, even though there is no magic behind it (well, maybe just a little bit). Still, the success of machine learning project depends more on building efficient infrastructure, collecting suitable datasets, and applying the right algorithms.
Machine learning is making significant inroads in the financial services industry. Let’s see why financial companies should care, what solutions they can implement with AI and machine learning, and how exactly…Continue
Added by Tetiana Boichenko on July 13, 2018 at 4:12am — No Comments
At the Mobile World Congress, MasterCard recently announced that it was teaming up with Facebook to provide small businesses in Africa and Asia with an affordable and simple on-ramp for accepting mobile payments.
The partnership will help unbanked retailers and merchants in the regions open bank accounts…Continue
Added by Deena Zaidi on April 30, 2018 at 9:30am — No Comments
Flowcast’s Co-founder and CTO, Winnie Cheng was recently interviewed by Sandhya Krishanmurthy, COO of the FinTech School, for the latter’s FinTech Core 101 course. The FinTech School is dedicated to providing practical Fintech training developed by…Continue
Added by Winnie Cheng on August 8, 2016 at 3:00am — No Comments