Goto

Collaborating Authors

Results


Setting Digital Banking Transformation Priorities During a Pandemic

#artificialintelligence

Today, financial mobile applications and similar digital platforms need to provide much more than simple banking processes like payments and transactions, due to consumers' high expectations and an increasingly competitive e-banking industry. FIs already recognize that advanced technologies like artificial intelligence (AI), machine learning (ML), applied robotics, and biometrics are more and more relevant to deliver innovative products and services that cater to consumers' dynamic needs. These ever-changing needs require solid prioritization by FIs in terms of investment and shifting their budgets to the proper channels in hopes of overcoming the competition and delivering what their customers expect. A dramatic shift was shown in global priorities in the banking sector post-COVID-19, pertaining to 2020 and into 2021. The actual digital transformation stood out as a top priority for banks, with 75% of them acknowledging that these dire times are in critical need for them to fully switch their offerings to digital channels.


Kenya's Shamba Records uses blockchain, AI to improve farm processes - Disrupt Africa

#artificialintelligence

Kenyan agri-tech startup Shamba Records has built a blockchain-based platform that uses artificial intelligence (AI) and big data to collect farmers' harvest records, process payments and issue credit. Founded in 2017 and already used by over 6,000 farmers, the Shamba Records platform provides users with features such as data collection and mapping, payment aggregation, smart contracts, and bulk SMS, making farms more efficient and collecting information that can allow them to access financial services. It was developed by a team with first-hand experience of farming in Africa. "Each founder has a story to tell of how inefficient the agriculture space in Africa is, for example, poor records, delayed payments, no credit alternatives, lack of communication tools, and so many other challenges," chief executive officer (CEO) George Maina told Disrupt Africa. These inefficiencies are major problems on a continent where over 600 million people depend on agriculture as their main source of income.


Artificial Intelligence (AI) In Fintech Market Consumption Volume, Rising Trends and Growth Forecast 2019-2025 - Galus Australis

#artificialintelligence

Artificial Intelligence (AI) In Fintech Market report provides the past, present and future industry trends and the forecast information related to the expected Artificial Intelligence (AI) In Fintech Market sales revenue, growth, demand, and supply scenario. It offers in-depth data, improves variations of the worldwide Artificial Intelligence (AI) In Fintech Market to help you in deciding the final strategy. It features far-reaching information in terms of changing market dynamics, manufacturing trends, structural changes in the market, and the latest developments. Market Overview: The report begins with this section where product overview and highlights of product and application segments of the global Artificial Intelligence (AI) In Fintech Market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.


How artificial intelligence helps banks, fintech startups, and users - Africa Feeds

#artificialintelligence

Fintech startups and banks have always been at the forefront of tech adoption, and they've been curiously following the growth and development of AI for many years. And there's a good reason for it -- we, the consumers of their services, want to have access to cutting-edge technology while dealing with our finances, as well as making sure that the companies dealing with our savings be equipped with the best of what tech can offer. AI and ML have recently moved from the realm of futurism to the very crux of the conversation in the Fintech sector, and many aspiring businesses have started integrating it into their services. In this article, we wanted to touch on the ways various Fintech businesses and startups implement this technology in the services they provide their customers with and how it benefits their users. Let's dive right in, shall we?


From Elon Musk to Jeff Bezos, these 30 personalities defined the 2010s

#artificialintelligence

The first decade of the 21st century introduced us to sweeping mobile and social revolutions largely driven by names like Jobs, Zuckerberg and Bezos. In the second decade that's now closing, things got a little more… complicated. During those years, a new collection of faces have joined the earlier tech titans to continue moving us into the future. A person wears a Guy Fawkes mask, which today is a trademark and symbol for the online hacktivist group Anonymous. More a decentralized collective than a personality, Anonymous was the name claimed by the loose affiliation of hackers who brought "hacktivism" into the mainstream. During the first half of the decade, Anonymous launched attacks against targets like ISIS, the governments of the US and Tunisia, and corporations such as Sony and PayPal.


The Modern-Day Future

#artificialintelligence

On February 6, 2018, Elon Musk's SpaceX launched the Falcon Heavy rocket, the largest ever, from NASA's Kennedy Space Center. Its cargo was a Tesla Roadster, which is now orbiting the sun somewhere between Mars and the asteroid belt. Between Elon Musk's numerous companies and passion projects (SpaceX, Tesla, Solar City, the Hyperloop, the Boring Company), and the quickly proceeding advances in VR/AR/MR, genetics/cloning, blockchain, AI, 3D printing, and other fields, someone who was in a coma since 1998 and just woke up yesterday would be forgiven for thinking they had jumped a hundred years into the future instead of a mere 20. But then this person would actually get up and go out into the real world and see that mostly everything else is the same, aside from more traffic on the roads, more people in general, most of whom now carry miniature computers with them wherever they go that are more powerful than any desktop from the 20th century. Born in apartheid-era South Africa, he lived the first 16 years of his life in various towns, including Pretoria, moving back and forth between divorced parents.


Global Artificial Intelligence (AI) in Fintech Market 2019 Emerging Growth Opportunities – Autodesk, IBM, Microsoft, Oracle, SAP, Fanuc, Hanson Robotics, – OnYourDesks

#artificialintelligence

Global Artificial Intelligence (AI) in Fintech Market 2019 by Company, Regions, Type and Application, Forecast to 2024 presents the conceptual study and strategic analysis on global Artificial Intelligence (AI) in Fintech market which provides market scope, applications, and geographical presence which drive the market. The report gives an intensive investigation of the notable driving elements that are recognized considering the end-client requests, variable market changes, and limiting components. The report analyzes, tracks, and presents the worldwide market size of the key players in each region around the world. The present competitive landscape, prevalent business models, and advancements in the coming years are evaluated in this report. An in-depth approach about the global Artificial Intelligence (AI) in Fintech market players will help all market players in analyzing the recent market trends and essential commercial enterprise strategies.


Leverage new tech opportunities for SDGs achievement in Africa UNDP in Africa

#artificialintelligence

The Assistant Secretary General and Director of the Regional Bureau for Africa of the United Nations Development Programme (UNDP), Ms. Ahunna Eziakonwa, called on African countries to take advantage of the opportunities offered by digital technologies such as artificial intelligence (AI), blockchains and machine learning, and deploy these in various sectors for the achievement of the 17 Sustainable Development Goals (SDGs). She made the call during a panel session at a side event at the 7th Tokyo International Conference on African Development (TICAD7) in Yokohama, Japan. The event, titled "From Idea to Action: Harnessing the Potential of Science, Technology and Innovation (STI) in Africa's Development", was organized by the Japan International Cooperation Agency (JICA) and the World Bank. Ms. Eziakonwa noted that, Africa needs to harness the potential of STI for development by prioritizing policies and making investments to increase access to state-of-the-art technologies such as e-governance, finance and digital literacy and skills – at secondary and TVET (Technical and Vocational Education and Training) level. She called for the adoption of innovative financing schemes that combine both public and private sector resources and technical expertise for the achievement of the three dimensions of sustainable development: economic, social and environment.


Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud

#artificialintelligence

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. A report found that the U.S. imposed a full $23.52 billion -- 91 percent -- of those penalties, while European regulators demanded $1.7 billion and the Middle East levied $9.5 million. FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. The People's Bank of China announced in March that it plans to create rules for regulating and securing the FinTech sector, for example.


Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud

#artificialintelligence

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. A report found that the U.S. imposed a full $23.52 billion -- 91 percent -- of those penalties, while European regulators demanded $1.7 billion and the Middle East levied $9.5 million. FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. The People's Bank of China announced in March that it plans to create rules for regulating and securing the FinTech sector, for example.