With advancement in technology, artificial intelligence, organisations outside the banking industry diversified and demystified financial services by targeting small & succinct margins in the space. These were organisations servicing millions of customers through broad distribution channels, be they mobile operators, mobile handset manufactures, retailers or on-line merchants. Integrating AI applications, such as IBM Watson and N26 with Siri
The discussion for our post focus around Mobile Money, Mobile Payments i.e person to person, person to business etc. New ISO standard 12812, recently appeared in 2017. This standard has 5 parts and part-1 defines the general framework of
Computers start simulating the brain’s sensation, action, interaction, perception and cognition abilities. Blockchain is a new approach to manage/monitor financial and other transactions, Guarding an innovation department or powerhouse lab is a smart setup
The elimination of physical cash from economy is feasible is purely a technological perspective or assumption. Our hard earned money and investments disappear into a labyrinth of financial instruments so mysterious that “money” almost becomes more of an idea than a tangible reality.
To model the Fintech enterprise, its better use a method rather than make things up on the go. A method guarantees results and increases the productivity, predictability, repeatability and reliability of the business modelling and transformation. What would be part of this method though? It is good to have. Most of the FinTech companies wins on the principal of “The ability to relate to people, to inspire and motivate them is what you must ever work on as a leader”.