e-Commerce


Forget bitcoin! I think artificial intelligence could be the next big growth sector

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As ever, investors are always looking for the next big thing. In the last couple of years, there has been a considerable amount of interest in bitcoin. The virtual currency has increased significantly in value, but has also been exceptionally volatile. Some investors may have generated high returns from buying the cryptocurrency, while others are likely to have lost money after its decline from almost $20,000 in December 2017 to around $5,500 today. However, with bitcoin seeming to lack real-world potential in terms of its application, its appeal could be relatively limited over the long term.



#FinServ_2018-11-11_02-29-37.xlsx

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The graph represents a network of 1,840 Twitter users whose tweets in the requested range contained "#FinServ", or who were replied to or mentioned in those tweets. The network was obtained from the NodeXL Graph Server on Sunday, 11 November 2018 at 10:30 UTC. The requested start date was Sunday, 11 November 2018 at 01:01 UTC and the maximum number of days (going backward) was 14. The maximum number of tweets collected was 5,000. The tweets in the network were tweeted over the 5-day, 1-hour, 28-minute period from Monday, 05 November 2018 at 23:25 UTC to Sunday, 11 November 2018 at 00:53 UTC.


Fintech startup that bases loans on artificial intelligence assessment helping many small businesses

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Two months into the launch of her dance studio, Natalie Borch needed a loan. The 34-year-old first-time business owner had opened the doors to The Pink Studio in February after she and her brother invested $40,000 of their own cash and took out a $100,000 loan from the Business Development Bank of Canada. "We just needed a small amount of money to expand our services for new teachers and classes," she said, from beginner Beyonce to Bollywood fusion. Finding no help from the main banks, she found Lendified Inc., a fintech startup that offers loans to small businesses based on artificial intelligence-powered screening assessments. After filling out a few online forms on cash flow and collateral, Borch received a $30,000 loan.


The world's best playground for AI and blockchain 7wData

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Imagine a country with an army of techies, a government that supports AI and blockchain by setting a mandate and investing billions, large scale tech companies that are rapidly experimenting and implementing at scale, and an abundance of data to feed the application of these technologies. This just about covers the AI and blockchain playground that is China. The gloves are off, and over the coming years some of the greatest advancements will emanate from the east. An ambitious AI strategic plan was laid by the China's State Council in July 2017, aiming to create a domestic 1 trillion yuan ($150 billion) AI industry by 2030. Following this, Chinese president Xi Jinping called upon his country to take the lead in developing new technologies like artificial intelligence, the internet of things, and blockchain.


The 18 Top Use Cases of Artificial Intelligence in Banks - Fintech News

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This article in CustomerThink identifies many different solutions where Artificial Intelligence can enhance banking, but makes it appear these solutions are already widely deployed. While each solution is currently in-market by at least one large bank this is a far cry from broadly deployed. Mercator surveyed large banks and found 93 different Artificial Intelligence solutions deployed in 13 different departments. "Machines are getting smarter globally. Thanks to thriving Artificial Intelligence (AI) concept, companies can make their devices more powerful and'intelligent' to serve their customers in a better way. Both B2B and B2C businesses have started adopting this revolutionary technology as per their scale and size. However, the penetration of AI in the banking sector is somewhat limited to date. The distinct datasets and the risk of confidential data are primarily responsible for the sluggishness of AI integration in the banking system.


Report: AI in Fintech - Diplomatic Courier

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To read the full report click here for the digital edition. FinTech has revolutionized the way that banks and insurance companies function. Rather than prioritizing themselves and their services as in the past, banks must emphasize client needs in today's new technological era. This focus on personalized financial services manifests itself in FinTech--a financial infrastructure for consumer enablement. As FinTech applies data and technology to financial services in an effort to address industry challenges, artificial intelligence is essential to FinTech's existence and usage.


The world's best playground for AI and blockchain

#artificialintelligence

Imagine a country with an army of techies, a government that supports AI and blockchain by setting a mandate and investing billions, large scale tech companies that are rapidly experimenting and implementing at scale, and an abundance of data to feed the application of these technologies. This just about covers the AI and blockchain playground that is China. The gloves are off, and over the coming years some of the greatest advancements will emanate from the east. An ambitious AI strategic plan was laid by the China's State Council in July 2017, aiming to create a domestic 1 trillion yuan ($150 billion) AI industry by 2030. Following this, Chinese president Xi Jinping called upon his country to take the lead in developing new technologies like artificial intelligence, the internet of things, and blockchain.


Malta to Develop AI Strategy Following Success as 'Blockchain Island' - Qoinbook News

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The Maltese government has announced the formation of a taskforce to develop a national artificial intelligence (AI) strategy, Cointelegraph reports Tuesday, Nov. 1 from the Malta Blockchain Summit. The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative "Malta.ai," "After successfully positioning Malta as the'Blockchain Island,' by being the first in the world to regulate DLT (distributed ledger technology) products and services, we now would like to position Malta amongst the top 10 countries in the world with an artificial intelligence policy." The government has already launched a website for its national AI strategy. According to official statements at the Malta Blockchain Summit, AI projects will be monitored by the Malta Digital Innovation Authority -- the same organization that monitors DLT.


Insurtech report: The starting and stalling of a sector

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Insurtech entered common vernacular in the market towards the end of 2015, but it's been slow to take off compared to disruption in other areas. A report last year by the European Insurance and Occupational Authority (EIOPA) said that digitisation had not yet reached the point of truly disrupting the insurance sector. For some, the insurance industry faces a unique myriad of challenges, that would naturally hold back new players or incumbents – traditionally seen as slow movers - attempting to embrace new technologies. "The insurance industry has always been perceived to be a laggard," says Jason Sahota, Charles Taylor InsureTech CEO, "and I use the word perceived because that isn't always the case. So, have they used technology yes, was it quite disparate yes, was it difficult to change in a regulatory environment, yes." "There are challenges in the insurance industry which meant it was difficult to bring technology in, so that first generation has been an education of technology coming in and how can it be applied. Whether that is through artificial intelligence, machine learning, robotics, or blockchain," says Sahota.