Tag: Mobile Payments
LSTM – Long Short Term Memory Architecture
LSTM is used to solve issues with RNNs processing extensive sequential data. Calling LSTM as an advanced RNNs is not wrong. LSTMs excel in processing sequential data with long-term dependencies. LSTM is utilized for tasks like sentiment analytics, language generation, speech recognition, and video analysis.
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Banks Reinventing Banking with Powerful AI
In the bank-led financial sector, banks should prioritize customer-centric practices, financial inclusivity, and enhancing infrastructure to better serve customers through agents, merchants, billers, and remittance partner networks. However, regrettably, this does not seem to be a top priority for them. Banks prioritize high-value transactions over those with just a few dollars.
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How AI Is Transforming Fintech For Betterment
The financial technology sector persistently advances and enthusiastically adopts new technologies in order to enhance its self-development. The integration of financial technology with human transformation-capable technologies has precipitated significant progress, extensive adoption, and considerable accolades. Machine learning is the hot new thing that’s shaking things up, and it’s all thanks to artificial intelligence.
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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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Is Blockchain hiding Swarm Intelligence in its blocks
Swarm Intelligence is a new form of A.I. that utilises technology that can leverage natural human instincts – intuitions, emotions and sensibilities, while making a decision by combining the best of both worlds.
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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 Role in FinTech
Bringing Artificial intelligence to make FinTech better, demystified and simple. How FinTech intelligence will become better with machine learning. Artificial Intelligence is a field that includes everything that is associated with the data (cleansing, preparation, analysis and many more), Learning processes to describe, diagnose, predict and prescribe with use of AI subfields like Machine Learning, Deep earning and Neural networks. Machine learning is a field of Artificial Intelligence, which is allowed to software applications for making accurate results.
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PaymentIntelligence – Artificial Intelligence in the Payments Industry
Payment intelligence (PI) System – Can open lot of opportunities to young entrepreneurs and boost economy of the nation. Bringing Artificial intelligence to make FinTech better, demystified and simple. How payment intelligence will become better with machine learning. How ….. To bring people from technical backgrounds, business people who can understand and appreciate the need and concept of Artificial intelligence to create products, services and solutions in financial Technology and banking domain.
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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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ISO-12812 Made MFS Easy for FinTech
ISO-12812 primarily targets the industry in dire need of attention. Possible paraphrases: – There is a need for systems and rules that govern international or global activities. – The international community requires mechanisms and standards to manage and oversee various operations. – From a global perspective, it is important to establish frameworks and policies that control and regulate different aspects. The promotion and assurance of consumers’ protection are being prioritized through the ISO-12812 standards for mobile financial services, including mobile money, payments, banking, etc.
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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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Payments – Innovation & Info-security
infrastructure of the payment solution without having to worry about the currency or country I am in, the amount in my payment instrument, the service provider, the recipient, the time zone, the language, the nature of the transaction, or the payment amount. The consensus among experts is that this factor plays a significant role in the market’s growth over both the short and long term. Incorporating the category of payments made through mobile devices.
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Digital Payments – Security vs Speed
Abstract – In Digital payments world million dollar question comes in at every stage what is more important security or speed (Performance & Ease). Financial system security design principles can be organized into logical groups, for example, least privilege is a principle and appears
