Tag: Africa

AI Changing FinTech Modus Operandi

AI in Fintech is a great help & ease for understanding on how the automation can be achieved for automated tasks (yes its true). Machine Learning focuses on predictions, based on known properties learned from the training data using too much statistical inductive reasoning. It’s been said ML works very well as long as past gets repeated in future. Financial chat bots use predictive analytics to push out real-time, informed responses to customers without the need for human intervention.

AI The Epicenter of eCommerce

In our todays online shopping how much is artificial intelligence. How artificial intelligence can help retailers to deliver the highly personalized experiences shoppers desire. Ant colony optimization algorithm (To formulate training feed-forward neural networks with ant colony optimization) to obtain the users’ preference information are widely used in todays ecommerce business for comparison-shopping to solve the problem of the user bias’ filtering and learning. The performance improvements are important to both consumers / buyer and sellers / merchants.

Data Science of Payments

How come my bank knows what I am going to buy next, how come my internet browser offering me add on something which I was searching on google few minutes or days backs. How  do they know my voice or can recognize my picture without any human intervention. Answer is much simpler then it looks or simpler then  the complexity of out own thought process. Use of deep learning

Machine Learning in Fintech- Demystified

The financial services industry has already implemented machine learning. Numerous fields utilize it, including intricate solutions such as thwarting fraudulent activities, assessing risks, obtaining a deeper knowledge of customers, and enhancing the medical industry, among other applications. The wide-ranging issue of generating intelligence has been subdivided into various components, each of which has become a distinct area of research dedicated to addressing its unique challenges.

International Remittances Outlook

Migration and remittances represent numbers and facts behind the stories of international migration and remittances. Remittances have an impact across the globe, but growth in Africa has lagged behind other regions. The importance of remittances from the African Diaspora and its problems are very different from those of the rest of the world. African per capita income is now increasing in tandem with other developing countries as African immigrants are highly skilled workers.

Magic Word Pay in Digital Payments

Today’s consumer expects a seamless mobile payment experience; failing to meet those expectations can be devastating to a brand, idea, innovation and eventually the payments industry. The world’s best companies; main from out side of payment / financial domain are rushing (yes rushing) for Digital Transformation for money. Getting inspired by the cutting-edge technologies, innovative products and solutions

Artificial Intelligence for Digital Payments Security

The best to protect data from stealing by hackers; may be by not converting and putting the data in system, In the old days people says keep smiling it does not cost you anything hang on this is not true any more.

Remittances – Game Changer For Economic Development

If just for a minute we can assume every person on this planet has mobile phone, every mobile user has a bank account/wallet, every bank account is created instantly, virally and at no cost, No bank charges exist,

2017 Year of AI & Digital Payments

To draw a rough sketch of exaggerated scenario of how these two technologies (AI & FinTech) may interact with us in the future and what warrants the, perhaps perplexing, 2 super powers. AI’s Control systems are widely used. They govern how a simple thermostat adapts to a target temperature.

CashLess –OR– LessCash

CashLess –OR– LessCash – Journey from a cash-only transactional economy to a cashless economy without a full plan, education, and strategy look only a talk […]

What is FinTech and where does it Live?

Abstract – A few years back, I had a fascinating discussion about Fintech. Today every 3rd if not 4th profile on LinkedIn is about FinTech Expert. Few days ago someone asked me a million dollar question “What is FinTech?” I was intrigued with such a small, simple question but found it difficult to answer this to a person who is not from those 4 people from linkedin. My simple briefing note to answer this question was, “Fintech is a technical tool to support financial services”, making it simple for everyone on this planet earth along with promoting idea of “Financial Services as a basic right for every human being”. Financial technology, also known as fintech, is an economic industry composed of companies that use technology to make financial services more efficient. Why it is so inherently difficult to define the concept of Fintech, is because definitions change over time. Alternatively, traditional banking organizations are hindered by legacy operating systems, capacity to innovate, agility and technology expertise.

Mobile Payments – Need, Opportunity or Myth

Mobile payments can be defined as any payment transactions, whether in close proximity or remote. Payments can happen through Internet, proximity technologies charge back or can be executed on mobile devices. Mobile payments market potential, as well as the different trends in business models and technologies that are shaping the global payments and mobile payments evolution are visible as opportunities to be taken up. Decision makers in banks and other financial or even out side traditional

21st Birthday

I Wish Its my 21st Birthday

Since I was young, my aspiration has been to become an exemplary inhabitant of the planet Earth. Presently, I continue to foster this goal through my aspirations, ambitions, and endeavors. As my son currently stands at 6 years old, it is certain that when he reaches the age I am now, he will contemplate the remaining course of his life, and even more so at the age of 80.

Mobile Payments Security

Artificial Intelligence will boost info security through behavioural biometric intelligence in coming time. Mobile payments security will play the key role in the importance of info-security and privacy in payments. This industry is changing every day i.e it dynamic so why to relay on static method of security.

Mobile Money Basics : Part-2

Mobile Money, Mobile Payments, Mobile Banking and Mobile Commerce can be termed Mobile Financial Services. The magic word known as “Pay” has gone viral in today’s time and every day we have 1 or 2 new startup’s entering the payment industry, specifically into the Mobile Payment domain. Mobile phones can be used to deliver a range of banking services. Not from Banks, I am separating banking and banks. Banking services dont need banks any more. Transaction data can be used to develop customers’ credit histories to offer other top-up services.