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?
BOSS – Blue Ocean Shift Strategy can actually help and create vision to focus on areas such as AI, blockchain for education, health & agriculture, create ecosystems using BigData analytics and IoT. To capture a quick snapshot of this strategy, certainly, Big Data appears to be most effective and efficient driver for Blue Ocean Strategy. Based on a limited set….
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
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.
Economic Growth – Any country with a solid, stable and raising economy always has a very strong payment system. The impact of electronic payments i.e. money in the form of bits and byte rather than tangible items like paper or coins on economic growth is much higher and […]