Tag: Payments
Payment Intelligence | Powerful And Strong Combo With AI
The fusion of Artificial Intelligence technology with payment processes has led to a remarkable enhancement in efficiency, creating a mutually beneficial partnership between the two domains. Artificial intelligence was acknowledged and employed before this era, although its utilization was considered inadequate. More research is necessary to clarify the correlation among blockchain, payments, financial technology, and artificial intelligence.
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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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Harnessing Machine Learning in Payments
ML gets the problem-solving call in conjunction with deep learning artificial neural networks. As these jargons i.e AI, ML, DL or ANN etc may be getting their day in the sun, but they’ve been around for a while. It’s just in the past 5-10 years that they have gained traction, technology that was once niche is now becoming more mainstream and cost-effective reaching to common man. Until recent machine learning was known as historical phenomena in the worlds of academia and supercomputing.
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Big Data for FinTech and InsureTech
Automating policy administration, & claims pay out to bring big smile on customer face, improving distribution via marketplaces. The wide variety of data volumes generated by FinTech, InsureTech and MedTech is inspiring for data scientists (I simply love this and would feel very happy to play with it if I ever get access to this), executives, product managers and marketers.
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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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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
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Transformation of Payments
Digital transformation can detect potentially fraudulent operations and minimize risks. It can also help large organizations such as banks not only to secure their business but also fight crimes. How payment needs reinventing banking? How need of fast payments created Mobile
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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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Will Banks ever be successful in Mobile Financial Services
To model the Fintech enterprise, its better use a method rather than make things up on the go. A method guarantees results and increases the productivity, predictability, repeatability and reliability of the business modelling and transformation. What would be part of this method though? It is good to have. Most of the FinTech companies wins on the principal of “The ability to relate to people, to inspire and motivate them is what you must ever work on as a leader”.
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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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Mobile Payments – Need, Opportunity or Myth
Mobile payments can be defined as any payment transactions, whether in close proximity or remote. Payments can happen through Internet, proximity technologies charge back or can be executed on mobile devices. Mobile payments market potential, as well as the different trends in business models and technologies that are shaping the global payments and mobile payments evolution are visible as opportunities to be taken up. Decision makers in banks and other financial or even out side traditional
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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.
