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Tag: Privacy

Harnessing Technology To Kill User Privacy

Somebody mentioned it to me some time back and I laughed then. The day you decided to come online you actually accepted “No to privacy”. Now its even worse as we can even use radio signals to see through walls so no need to be online. Signals now can be used to monitor a person’s precise movements through a solid wall. What else and  how far we will go cant answer now. But all these development for sure has its pros and cons sides.

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What is FinTech and where does it Live?

Abstract – A few years back, I had a fascinating discussion about Fintech. Today every 3rd if not 4th profile on LinkedIn is about FinTech Expert. Few days ago someone asked me a million dollar question “What is FinTech?” I was intrigued with such a small, simple question but found it difficult to answer this to a person who is not from those 4 people from linkedin. My simple briefing note to answer this question was, “Fintech is a technical tool to support financial services”, making it simple for everyone on this planet earth along with promoting idea of “Financial Services as a basic right for every human being”. Financial technology, also known as fintech, is an economic industry composed of companies that use technology to make financial services more efficient. Why it is so inherently difficult to define the concept of Fintech, is because definitions change over time. Alternatively, traditional banking organizations are hindered by legacy operating systems, capacity to innovate, agility and technology expertise.