Financial Technology


Tech Debates Chicago - FinTech Event Feb. 25, 2020 Sphere Software

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Financial services institutions are capitalizing on digital transformation to enhance the efficiency of existing systems, and provide competitive conveniences for customers. However, adoption of disruptive and emerging technologies is not a seamless transition. Institutions must undergo structural reforms across internal and external processes and systems, while remaining compliant with changing regulations and customer demands. In this session, attendees will learn how a panel of seasoned technology executives are driving the financial industry forward with digital transformation. Attendees will learn: • How emerging technologies such as AI, machine learning and blockchain are transforming financial institutions.


What Does Blockchain & The 4th Industrial Revolution Mean for Us?

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The magic wand of blockchain technology has touched our lives in multiple ways over the last decade. It has made cryptocurrency traders out of ordinary investors who would even shy away from the traditional stock markets. It has provided us with an easy way of transferring money across borders, without the interference of banks. On a larger scale, blockchain has provided enterprises with a trustless and tamper-proof apparatus for tracking assets, verifying identity, settling contracts, and so much more. New industries based on asset tokenization and decentralized finance (DeFi) have been created on the strength of blockchain technology.


What Does Blockchain & The 4th Industrial Revolution Mean for Us?

#artificialintelligence

The magic wand of blockchain technology has touched our lives in multiple ways over the last decade. It has made cryptocurrency traders out of ordinary investors who would even shy away from the traditional stock markets. It has provided us with an easy way of transferring money across borders, without the interference of banks. On a larger scale, blockchain has provided enterprises with a trustless and tamper-proof apparatus for tracking assets, verifying identity, settling contracts, and so much more. New industries based on asset tokenization and decentralized finance (DeFi) have been created on the strength of blockchain technology.


When Blockchain Meets Artificial Intelligence

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Artificial Intelligence solutions will soon run on top of blockchains, increasing machine learning capability and even creating new financial products. Blockchain-AI convergence is inevitable because both deals with data and value. Blockchain enables secure storage and sharing of data or anything of value. AI can analyze and generate insights from data to generate value. We will consider two (out of many) areas where blockchain and AI can be combined.



Highway Administration to Explore How AI and Blockchain Can Transform Transportation

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The Federal Highway Administration launched an Exploratory Advanced Research Program this week to usher in "transformational changes and truly revolutionary advances" in highway engineering and intermodal transportation on roads across the United States. According to a new broad agency announcement, the administration is accepting research effort proposals--with the deliberate intent of awarding either contracts or cooperative agreements--that address three trendy topics in emerging tech: blockchain for highway transportation, artificial intelligence for highway transportation, and incorporating trashed plastic into asphalt cement to reduce waste. "This program supports scientific investigations and studies that advance the current knowledge and state-of-the-art in the sciences and technologies employed in the planning, design, construction, operation, maintenance and management of the nation's highways," officials wrote in the announcement. "Strategically, this research will enable and expedite the development of revolutionary approaches, methodologies, and breakthroughs required to drive innovation and greatly improve the efficiency of highway transportation." The agency's EAR programs aim to produce strong public-private partnerships that catalyze solutions through "longer-term, higher risk" research.


Artificial Intelligence & Blockchain Can Make our Coffee Tastier and Ethical

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Artificial Intelligence and Machine Learning can improve coffee quality through intelligent agricultural practices, while also ensuring that farmers directly profit using blockchain technology. Coffee agriculture is a labor-intensive industry, so the application of Artificial Intelligence and Machine Learning is no surprise. There is a high demand for increased efficiency and cost reduction, and ML helps meet those needs. Through image detection and neural networks, AI systems can detect pests, plant disease, and poor soil conditions – a practice known as precision agriculture.


Fintech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

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Using data collected in a global survey during 2019, the report analysed a sample of 151 fintechs and incumbents across 33 countries to paint a rich picture of how artificial technology is being developed and deployed within the financial services sector. While 77% of respondents noted that they expect AI to become an essential business driver across the financial services industry in the near term, the report found that the way incumbents and fintechs are leveraging AI technologies differ in a number of ways. A higher share of fintechs tend to be creating AI-based products and services, employing autonomous decision-making systems, and relying on cloud-based systems. Whereas incumbents appear to focus on "harnessing AI to improve existing products. This might explain why AI appears to have a higher positive impact on fintechs' profitability."


Applications of Artificial Intelligence

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You are typing an email and just before you realized, the system had automatically finished the sentence for you. How did your system know or predict your next choice of words? Now, as we kick off 2020, AI is showing signs of becoming even more ubiquitous. Enterprises are finally beginning to learn of AI's advantages and incorporate them into the mainstream, which is now especially evident in the areas of employee productivity and customer engagement. Learn more about the applications of AI and how you could potentially implement this in your projects or business.


Genpact and HighRadius Partner to Automate Accounts Receivable

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NEW YORK and HOUSTON, February 4, 2020 – Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, and HighRadius, an enterprise SaaS (Software-as-a-service) fintech company, today announced a strategic partnership that will provide improvements to enterprise accounts receivable and bring together digital automation solutions powered by advanced machine learning and artificial intelligence. "Many enterprises today have been unable to streamline their receivable processes, negatively impacting business operations and profitability," said Katie Stein, Genpact's chief strategy officer. "Genpact and HighRadius will solve this challenge by delivering a transformative digital automation solution that enables businesses to maximize their working capital, while enhancing the customer and user experiences. We see a great opportunity to leverage the potent combination of domain know-how, proven technology, and digital sophistication this partnership will bring." Genpact and HighRadius, both leaders within their respective areas, will work together to innovate within the order-to-cash cycle – a critical business process that has a direct impact on improving key value outcomes for enterprises spanning customer experience, revenue optimization, margins and cash flow, and more.