Payments Security Landscape – The risk of info security on data, application logic, and financial value losses are continually growing fast. For this reason, Artificial Intelligence and machine learning-based infosec tools for banking and mobile payments are getting huge attention. Starting from risk underwriting to credit rating & scoring […]
AILabPage define FinTech as “Technology applied to automate, speedup and secure financial system with its own standards chiefly used by financial institutions”. Financial institution here can be Bank, FinTech services company or mobile financial services provided.
So for responding to 2 main questions. 1. Where do all these AI trends fit into the FinTech & finance industry? 2. How machine learning algorithm will transform financial technology services?
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
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.