Tag: Banking
Machine Learning – Changing Payments Security Landscape
Ministry of innovation adding lots of excitement and innovation thus increase in a fire about the security & privacy of transactions. Subscriber normally doesn’t ask too much in the low-value transaction but as it happens on a daily basis subscriber do get nervous and freak out more when they add their card or bank details on provided channels i.e. mobile app and web portal etc. Sadly data privacy is still in the back seat for many many providers.
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The Ultimate Intuitive Guide to FinTech Intelligence
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.
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AI and Machine Learning boosting FinTech
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?
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World Wide Data Wrestling
Big data presents a tremendous opportunity for enterprises across multiple industries especially in the tsunami like data flow industry of “Payments”. FinTech, InsureTech, MedTech are major data generating industries i.e massive group of factories. According to some data from Google it shows technology based innovative insurance companies
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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.
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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.
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Artificial Intelligence Innovation in FinTech
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
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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
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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.
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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
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CashLess Payments to Drive LessCash Payments
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.
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FinTech the Champion of “Banking” Services
Despite the proclamations of some visionary Fintech founders, banks aren’t disappearing anytime soon. The engine under the hood of big banks — the compliance and money-transfer systems — are simply too difficult for any start-up to replace, which is why tech plays like Apple Pay are still built on top of existing bank systems and payment rails. To maintain the dominance they’ve enjoyed up to this point, however, banks need a radical redesign of their customer-facing assets. If banks fail to overhaul
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Digitised Bank Payments – Their Struggle Saga with Friend FinTech
MNO’s speed to achieve their goal to standardise, automate, digitise, remove boundaries by brining cross order financial/remittances service in form of payments, cash, airtime, paperless and online. At the same time banks are still in their canteens with their coffee mugs without any sign of worry but in reality all African banks face tough challenges from MNO’s & Fintech players.
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FinTech – The BaaP & BaaS Boomer
For FinTech its an opportunity to pick services to push through BaaP and BaaS model and owning an entire business paradigm is neither feasible nor desirable anymore. Almost all players who entered into payments and insurance in arena of FinTech domain are actually coming out of this game park with zero or no knowledge. This is giving too much innovation to put idea on table but takes longer to make it reality. Technical companies entering financial domain and making it interesting by doing technical integration, or “fintegration”, of fintech services, the latter interfacing directly to bank customers for banking services including insurance.
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FinTech – A True Fairytale
Almost all players who entered into payments in arena of FinTech domain are actually coming out of this game park with zero or no knowledge. This is giving too much innovation to put idea on table but takes longer to make it reality. Technical companies entering financial domain and making it interesting by doing technical integration, or “fintegration”, of fintech services, the latter interfacing directly to bank customers for
