Originally published on Towards AI the World's Leading AI and Technology News and Media Company. If you are building an AI-related product or service, we invite you to consider becoming an AI sponsor. At Towards AI, we help scale AI and technology startups. Let us help you unleash your technology to the masses. A cryptocurrency is a digital currency that may be traded without the involvement of a government or bank. On the other hand, cryptocurrencies are generated using cryptographic processes that allow users to purchase, sell, and exchange them safely.
Artificial intelligence (AI) is all the rage now. It's impacting numerous industries globally and changing the way we do things. One of the critical industries AI is making strides in is the financial technology "fintech" industry. AI now plays a significant role in facilitating financial services, replacing what required manual work a few years ago. For example, banks now apply AI to assess credit risks with high accuracy.
I hope that you enjoy the latest AI news and insights, don't forget to comment with your feedback. From this week you can find some interesting stuff added to the last section. But they have had a hard time shaking infighting and controversy over a variety of issues. Biased datasets are often the source for why AI models are also biased. "Adoption and scaling aren't things you add at the tail end of a project; they're where you need to start," Join 6000 aspiring Data Scientists to watch this FREE 75-minute session.
Yes, we know you've heard it. And keep your brand ready for what's coming on Twitter. We've compiled a list of 101 global Twitter influencers who'll help you nail your engagements and build your brand presence on Twitter. Here's the badge for all the Twitter Influencers to show it off on social media Domain expertise & research interests have been around artificial intelligence, cybersecurity, the Internet of Things, blockchain, and sustainability. Area of interest includes Networks, Causal Inference, Machine Learning, AI, Big Data, Marketing, IT, Experiments, Social Commerce, Behavior Change, and Productivity.
SALT and Cion Digital announced a strategic partnership to bring SALT's crypto lending solutions to 5,000 auto dealerships in the US. The announcement marks the launch of SALT's Embedded Crypto Lending Service, which will enable financial service providers and fintech platforms to rapidly deploy crypto financing solutions. Having launched in 2016, SALT was the first platform to offer crypto-backed loans and has since been focused on optimizing its lending technology and servicing operations. Over the past few years, the Company has built a full stack loan management and risk platform that manages complex crypto loans at scale. With the launch of Embedded Crypto Lending, SALT is bringing this technology to other platforms, helping them further their mission to offer new and novel products to their customers.
It was meant to be a temporary side job--a way to earn some extra money. Oskarina Fuentes Anaya signed up for Appen, an AI data-labeling platform, when she was still in college studying to land a well-paid position in the oil industry. But then the economy tanked in Venezuela. Inflation skyrocketed, and a stable job, once guaranteed, was no longer an option. Her side gig was now full time; the temporary now the foreseeable future.
Fintech Industry: Even after receiving various technological integrations and breakthroughs, the finance domain continues to operate as a centralized structure, with financial institutions and governments at the core. While it is an age-old custom, financial service users are beginning to question its worth. This concern has generated a more transparent answer in the form of Blockchain technology. The Fintech scene, which has emerged as a tech-based revolution in the financial sector, has gained another dimension thanks to technology. By bringing substantial changes to business structures and operating operations, it has provided immense promise to the fintech industry.
An average transaction takes over an hour to verify. If security should be an issue for crypto assets, then there is no point investing in them. PoW of Bitcoin is nothing but meaningless hash computing that creates no real value for society. According to statistics, 70% of the world's computing power is consumed to mine cryptos, which is a million times Google's computing power. Bitcoin mining also consumed more power each year than 260 countries of the world, creating a huge waste.
AnChain.AI, a blockchain security company that specializes in AI-powered platforms, and GlobaliD, the industry-leading self-sovereign identity provider, today unveiled a new technical framework that carves out a path toward regulatory compliance for service providers interacting with non-custodial wallets. The framework tackles Travel Rule compliance for non-custodial offerings including decentralized finance or DeFi. Called PRIVATE (for Privacy Preservation through Resolution of Identity via Verification and Attestation for Travel Rule CompliancE), the framework addresses the Financial Action Task Force's (FATF) updated recommendations released on October 28, 2021, which encompassed DeFi, NFTs, stablecoins, and wire transfers. In particular, recommendation 179c updated guidance on non-custodial wallets. According to FATF's recommendations, Virtual Asset Service Providers (VASPs) are required to collect customer information for virtual asset transfers and enforce anti-money launderings (AML) rules like sanction screening and transaction monitoring.