Through the years of its troubles, when it hemorrhaged reputation and people, Wells Fargo never backed off from its determination to innovate. The fourth-largest U.S. bank has been a digital banking powerhouse for years on both the retail and business banking sides. It has 30 million digitally active customers -- about 43% of its total customer base. The bank's Innovation Group, a key element of that success, has been led since May 2018 by Lisa Frazier, EVP and Head of Innovation, making her one of the highest-ranking women in financial technology. Frazier, an Australian, has an unusual background for a digital banking leader.
Bank of America hits a milestone with Erica. It's not only fintechs that can lure millions of customers their way. Bank of America's voice-activated virtual assistant Erica now has more than ten million users. It's also on track to complete 100 million client requests in the coming weeks and that's all since its launch in June of 2018. "Erica is ushering in a new era of personalized banking and providing our clients never-before-possible convenience," said David Tyrie, head of advanced solutions and digital banking at Bank of America in prepared remarks.
Greg LaBlanc has been teaching at the Haas School of Business and Berkeley Law since 2005. He teaches primarily in the areas of finance and strategy in the MBA and MFE programs and in Executive Education. He has also worked in competitive intelligence and litigation consulting and has advised consulting teams in finance, marketing, and strategy. His research interests lie at the intersection of law, finance, and psychology, in the area of business strategy and risk management. He is the recipient of teaching awards including the Earl F. Cheit Award for Outstanding Teaching, 2009; and the Haas EWMBA Graduate Instructor of the year, 2004-2005.
Being a media specialised in fintech reporting provides us with an unparalleled view of the emerging trends and players in he space. After tracking the performance and announcements from hundreds of Hong Kong based fintech companies, here are (in our view) the top 19 fintech companies operating in Hong Kong in 2019. Futu Securities is a recognized fintech unicorn and one of Asia's top-ranked online brokers, providing a one-stop online investing services and experience. Futu Securities' investing platform, Futu Niuniu, provides market data, trading service and news feed, covering Hong Kong, Mainland China and US stock markets. The platform has over 5 million users.
Over the year, evolution in global technologies has made people move forward from fixed phones to mobile phones. Today, every sector is readily and rapidly adapting the Artificial Intelligence (AI). With the fast-paced modern industries, AI is becoming an integral part of business operations. AI is not limited trend-based forecasting in marketing but its presence is getting indispensable in every vertical of the company. AI is much more efficient in analysing data patterns, based on these patterns companies acquire in-depth knowledge about their potential customers, their requirements and their behaviour.
That role, A.I. specialist, is the fastest growing U.S. job in terms of number of hires, at least according to LinkedIn, which published its annual emerging jobs report on Tuesday. Hirings for A.I. specialists on the career networking service have grown 74% annually over the past four years, LinkedIn said. But it didn't reveal how many jobs that represents, only that demand for that job role is growing faster than other emerging jobs. What's noteworthy about this year's survey is that last year's top job role, blockchain developer, is absent from the latest list. It highlights how the recent craze over cryptocurrencies and blockchain created a brief demand for blockchain-related jobs, but as the hype died down, so too did demand for people with blockchain skills.
When I look back to where technology was in 2010, it's astounding to think about how much has changed -- and how so many of those advancements were fueled by open source. Ten years ago, AI was not a part of our everyday lives, most developers hadn't even heard of containers or microservices, blockchain was little more than an idea, and serverless was a far-off dream. Now these technologies, built on open source projects and the communities that surround them, are shaping how developers do their jobs and how people interact with technology on a daily basis. In this blog post, I talk about some of the trends that have shaped the past decade as we look forward to what 2020 -- and the next decade -- has in store for us. Before 2010, the concepts of containers and microservices were merely ideas.
Venzee Technologies CEO John Sexton Abrams told the Investing News Network how the company's partner-selling model is creating opportunities for growth. Venzee Technologies Inc. (TSXV:VENZ) CEO John Abrams believes that the company's use of channel partners is fundamental to its growth, leading the company to new and better opportunities. Venzee Technologies is a software-as-a-service (SaaS) company that serves as a data-exchange link between product manufacturers, suppliers and retailers. The company's platform uses artificial intelligence and machine learning to consolidate and distribute product information across the global retail supply chain. In October 2019, the company announced that it had added two Fortune 1000 manufacturing companies to its roster of clients.
'Tis the season to be knowledgeable! With almost 40 years in the industry, the collective payments expertise of the Ingenico team is unparalleled. In 2019, Authorised Push Payment Fraud (APP Fraud) rose by 40%, costing the UK £616 million. Thanks to PSD2 and Open Banking, we will continue to see more new players in fintech. This is brilliant, but it means fraudsters will inevitably innovate their techniques, too.
Developers and entrepreneurs wanting to grow their businesses ultimately end up recipients of US financing, working for US companies, and the job opportunities and economic growth these technologies bring head elsewhere. An investment support programme will also be set up to complement the 100m fund, leveraging further financial support from EU Member States. The aim is to multiply investments at the national level by involving national promotional banks, incentivising private sector investments, and making Europe more attractive for start-ups to stay and grow in Europe. This is a particular issue for companies based in central, eastern and south-eastern Europe. Recent research shows that due to difficulties with access to finance, nearly half of start-ups in this region choose to leave, and the European Commission, together with the European Investment Fund, has launched a pilot investment programme which leverages EU resources under the InnovFin Equity programme.