"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
In the era of the Internet, the ability to crunch large amounts of data and process it with speed and efficiency has become essential for businesses to survive. But you try sitting down and going through all that data by hand: you'll get done sometime in the year 2050 if you're lucky.
That's where machine learning comes to the rescue. But…Continue
Added by Or Hillel on July 22, 2020 at 9:59pm — No Comments
Artificial Intelligence might not be the newest entrant in smart technology but, its redefined usage is. It has recently gained mass popularity. Now, it is being accepted across many industries. With the general public embracing AI, government agencies are also considering this fantastic technology. AI can imitate human's decision-making skills. Thus, it has the potential to improve the decision-making ability of various applications. The AI engine is useful for multiple applications such…Continue
Added by Amit Dua on April 15, 2019 at 9:30pm — No Comments
Chatbots have emerged as one of the most significant innovations of the last decade. After initial struggles, chatbots are now readily used by businesses. Various advantages offered by chatbots have ensured their usage across different industries. One of the most useful applications of chatbots has been in customer care and engagement. For every business that deals with customers, chatbots are becoming indispensable. Chatbots deliver an exceptional customer…Continue
Added by Amit Dua on April 9, 2019 at 10:30pm — 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
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
In the “Ecology of Metrics,” I wrote about “alignment” being a type of metric; alignment can measure the extent to which an organization’s supply or capacity is matched against the demands or needs of the market. For instance, in a call centre, it would be highly desirable to have agents available to respond to calls at “precisely” the same time that clients are making calls. If alignment is off even by only 15 to 30 seconds, impatient clients might hang up and never call again. Similarly…Continue
Added by Don Philip Faithful on June 2, 2018 at 5:00am — No Comments
A fictitious retailer which I am calling Malwart sells automobiles and automotive parts. On this blog I will be focused on the sale of a particular automobile model called the Blair - a sporty compact that can be ordered in custom colour schemes. Because all sales must be done by clients that also have accounts,…Continue
Added by Don Philip Faithful on December 24, 2017 at 6:30am — No Comments
When I talk about "the institutional response," I am referring to an increasingly common occurrence: a standardized or large-scale approach is supported, promoted, and applied by a particular institution - sometimes governmental in nature - premised on its apparent suitability or superiority to achieve desirable outcomes. I suspect that in recent years, there has been a push to get citizens to file their income tax returns electronically. I know that in Canada, it has become difficult…
Added by Don Philip Faithful on May 16, 2015 at 8:48am — No Comments
Thermometers and scales to measure weight appeared in retail outlets long ago. Blood pressure monitors perhaps came later. Pedometers and heart-rate monitors seem more recent - possibly closer to my time. I saw several devices while doing this blog intended to electronically record among other things hours of sleep; these are designed to be worn on the body all the time. A couple of weeks ago, I bought something to give the heart rate and blood oxygen saturation level. I consider it a real…Continue
Added by Don Philip Faithful on November 8, 2014 at 9:18am — No Comments
With immense growth in technology, financial institutes, skyscrapers and malls, one can find that the number of consumers have increased exponentially in the Middle East over the past few years. Reports suggests that 91% of the population comprises of expats in UAE enjoying high salaries and tax free benefits.
Moreover, the options to spend your money have gotten bigger and better with UAE working towards the initiative to build Smart Cities setting strong infrastructure fundamentals…Continue
Added by IPSITA on November 22, 2013 at 12:02pm — No Comments