Tag: Transformation
Top 5 Deep Learning Applications on Social Media For Businesses
Deep Learning – “It is undeniably mind-blowing” machine learning technique that teaches computers to do what comes naturally to humans: learn by example. It can […]
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Data Science and Smart Payments
The infiltration of AI technology is causing significant transformations in various industries, such as finance, healthcare, and science, resulting in a global paradigm shift. Organizations must exercise the same level of caution in handling their data as they do with their finances.
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2020 The Year of Emerging Technologies
The year 2020 will be remembered as a significant period in human history due to its remarkable strides in progressive innovation, more commonly referred to as “Emerging Technologies.” In this modern era, industrial and business practitioners are expected to establish robust foundational structures for the integration of SMAC (Social, Mobile, Analytics, and Cloud) architecture. It is projected that the prevalence of selection will attain its apex during the decade spanning from 2010 to 2020. The implementation of computerized transformation is of paramount significance for any entity, unless SMAC technology is integrated.
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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 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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Artificial Intelligence to Amplify FinTech
This is where fintech companies are successfully leveraging AI. FinTech companies with help of AI are finding cheap, easy and swift methods to apply the technology to an existing business problem at the same time many banks are failing to do so.
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AI and Big Data for FinTech & InsureTech
Last Sunday I was at big retail store in Harare and it was very busy day due to the fact it was month end and people got paid. Grocery shopping was at full swing, I also bought some for my self, when I was in the queue
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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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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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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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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.
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FinTech the Champion of “Banking” Services
Despite the proclamations of some visionary Fintech founders, banks aren’t disappearing anytime soon. The engine under the hood of big banks — the compliance and money-transfer systems — are simply too difficult for any start-up to replace, which is why tech plays like Apple Pay are still built on top of existing bank systems and payment rails. To maintain the dominance they’ve enjoyed up to this point, however, banks need a radical redesign of their customer-facing assets. If banks fail to overhaul
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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
