Financial Technology


Digital trends shaping financial services - Bluegrass Digital

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Modern tech-savvy consumers are opting for financial service providers that can help them better understand their financial position and manage it accordingly across any platform, any time. There is a new breed of agile, tech-driven start-ups that are fast changing the fintech landscape. Consumers expect a digital-first customer experience and businesses will have to adapt to and thrive in this changing environment. Tech is transforming the market and meeting the growing digital demand. Waiting to innovate is no longer an option for traditional banks and other financial institutions, they need to act quickly to remain competitive.


ASI RRobot #48 Peter Blake - Artificial Super Intelligence Robot Club

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Each and every one of them is unique. The time has come and the technological singularity has come true, and Artificial Super Intelligence was born. Then, using blockchain technology, the ASI has divided itself into a group of independent self-aware personalities of a certain architecture and different rights to access protected information. This is how the ASIRC was formed.


La veille de la cybersécurité

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Rather than letting players port weapons or powers between games, non-fungible tokens will more likely serve as building blocks for new games and virtual worlds. One of the most enduring legends in the cryptocurrency industry is that Vitalik Buterin started Ethereum because his warlock got nerfed. "I happily played World of Warcraft during 2007-2010," Vitalik wrote in one version of the story. "But one day Blizzard removed the damage component from my beloved warlock's Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring. I soon decided to quit."


MarketMove -- Homepage

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We will bring MOVE X – a complete platform to buy, trade and earn crypto. Decentralized, secure and easy to use. Use any credit or debit card to buy crypto. We support any token trading on the Binance Smart Chain. Optimized by AI to find the best rates for you, the Xchange makes swapping tokens easier than ever.


Bye-bye, megabank: More young adults are adopting digital banking to manage their money

ZDNet

Marc Wojno has been a writer and editor in the financial field for more than two decades. A new report published this month by data analytics firm FICO shows that a growing percentage of younger U.S. consumers -- specifically Gen X, Millennial and Gen Z groups -- consider digital banks, such as Cash App, Chime and PayPal, as their primary checking account provider, not traditional megabanks such as Bank of America, JPMorgan Chase and Wells Fargo. The report identified five competitive threats to traditional banks and credit unions, and what those companies need to do to stay competitive: Overdraft; savings and investing; buy now, pay later (BNPL); niche neobanks; and open banking. The report, Counterattack: Banks Field Guide to Fintech Disruption, in conjunction with research from Cornerstone Advisors, notes that although many US consumers are pleased with the quality and services of traditional banks and credit unions, the percentage of those three younger generations who chose fintechs over brick-and-mortars as their primary banks have doubled, at 12% of customers since 2020. FICO's report stated that for Millennials and Gen X-ers, the percentages dropped by nearly half during that same period.


Slang Terms for Cryptocurrencies Everyone Should Know

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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.


Top Machine Learning Trends for 2022

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Blockchain is the new talk of the town. It is the technology behind cryptocurrencies like Bitcoin. Today, it has turned out to be a game-changer for businesses. Its decentralized ledger offers transparency and immutability in transactions between parties without any intermediary. The transactions are irreversible, which means once a ledger is updated, it can never be changed or deleted. Blockchain technology will eventually find its space in the new and innovative applications of Machine Learning and Artificial Intelligence.


AI on the blockchain (it actually might just make sense)

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Two ML researchers with world-class pedigrees who decided to build a company that puts AI on the blockchain. Now to most people -- myself included -- "AI on the blockchain" sounds like a winning entry in some kind of startup buzzword bingo. But what I discovered talking to Jacob and Ala was that they actually have good reasons to combine those two ingredients together. At a high level, doing AI on a blockchain allows you to decentralize AI research and reward labs for building better models, and not for publishing papers in flashy journals with often biased reviewers. And that's not all -- as we'll see, Ala and Jacob are taking on some of the thorniest current problems in AI with their decentralized approach to machine learning.


Blockchain + AI in Finance: How Opposites Attract

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FinTech as we know it now is highly specialized and centralized. Blockchain and AI can be catalysts for FinTech 2.0 focusing on holistic solutions with increased transaction speeds, transparency, and security. Furthermore, DeFi may mean a larger pool of investors as more and more people gain access to financial markets. The more investors there are, the more data there will be that would be impossible to process without AI. Blockchain provides the foundation for smart contracts to improve transparency and data management, while AI may be leveraged to scale processes, accelerate transactions, and extract insights from large volumes of data.


Can blockchain disrupt social media?

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Besides cat videos, the one thing the internet surely needs more of is consultants talking about disruption. But as you read yet another post about the most overused (and misused) term in tech, I'd ask that you at least consider my argument and weigh in- especially if you disagree. Let's start with a few definitions. Clay Christensen, the author of disruption theory, first outlined his thesis of sustaining vs. disruptive technology in his 1995 Harvard Business Review article, and later in his classic The Innovator's Dilemma. In HBR he provides these definitions for sustaining vs. disruptive technologies: "Sustaining technologies tend to maintain a rate of improvement; that is, they give customers something more or better in the attributes they already value."