Tag: NFC
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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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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Mobile Financial Services – Intro to MFS Speed & Security
BaaS and BaaP are founded on the fundamental concepts of providing open banking services and APIs that are favorable for developers. One of the most significant issues regarding security in e-commerce is ensuring the employment of appropriate and trustworthy payment methods such as Internet banking, mobile payments, card payments, or instant payments.
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NFC – FinTech, Banking, Technology and Speed
While many consumers continue to have inquiries concerning the use of Internet banking and NFC stickers attached to their budget-friendly mobile phones, modern technologies with an open and integrated design offer easy solutions. These solutions include a broad range of products, such as retail, corporate, and micro-banking suits (credit, savings, insurance, etc.), offering complete front-to-back and back-to-front solutions.
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Mobile Payments – NFC The Next Big Thing
It is now necessary for financial institutions and other interested parties to collaborate and utilize technology and pre-existing mobile network operator infrastructures to acquire customers, expand their services, minimize expenses, and boost revenue in markets where regulatory authorities are more prominent. Consequently, mobile payments have emerged as a practical substitute for conventional payment methods, including cash, credit or debit cards, online transactions, and even bank account transactions.
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Mobile Money Basics : Part-1
Established players are constantly anxious about protecting their hard-earned franchises, thereby confirming the emergence of the ‘new normal’. To further discussions on how to play the ‘new normal’, we analyzed the activities of a range of players and unearthed ‘8 core traits’ of likely winners. We believe embedding these core elements in the proposition, operating, and delivery models will enable players to ‘play to win’ in these turbulent times.
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Internet of Things – Mobile Financial Services
As on date the most common use for sensors is telematics, which allows devices installed in cars (car tracking devices) to transmit location data to owners and insurers. This also includes ability to track-stolen vehicle and help in recovery, automatic crash notification, and vehicle data recording force full actions by controller over telematics infra. Telematics also extends to tracking ships, car and trucks for fleet management and route optimisation. IoT merged with mobile financial services can ensure you can get fuel
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Hybrid Mobile Financial Services & Commerce
Financial payments and banking started in a very inefficient and traditional way which was slow but still acceptable to the customers due to the stage in the information age. Initially, almost all the fun and joy in terms one double zero percent in shape of activities in the financial services (Except Non-Banking Services) space was attributable to banks with all the revenue being collected by the same entities…
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Mobile Financial Services – Powerful Tool for mCommerce
With the advancement in technology like artificial intelligence, quantum computing, blockchain, etc. organizations outside the banking industry are diversifying and demystifying financial services. Targeting small & succinct margins in the space they are making a lot. These were organizations servicing millions of customers through broad distribution channels, be they, mobile operators, mobile handset manufacturers, retailers, or online merchants.
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Mobile Payments – Rumble In The Jungle
Payments are becoming more and more intelligent then payee. The amount of payment services providers we have added to the payment market in last year and how many will add in the next 2 years are actually more than combined numbers of the last 100 years. Payment transformation is 10x faster of today compared to the last 5 decades. This article explores the different payment options and opportunities.
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The Mobile Money Revolution – NFC Mobile Payments
The main drivers behind the success of mobile money are the explosive growth in the number of mobile devices and the fall in the cost of computing power, which has lowered the barriers to new entrants in this field. Mobile money (m-money) is quite versatile and can support a variety of services, in particular, person to person (P2P) money transfers, which are of significant value for emerging economies. The other key driver for this is the inaccessibility of banking services to the general populace mainly due to ..
