With the emergence of financial technology (fintech), companies are expected to offer more financial services to personalize their customer journey, enhance the overall user experience and generate alternative revenue streams. Provenir, an artificial intelligence-powered decision-making platform, believes that integrating start-up business operations with artificial intelligence (AI) and efficient data management could trigger "a fintech revolution" that will transform industries in the country. This holds true with the growth of the local fintech market, which has seen a significant valuation increase by 224 percent from $3.4 billion to $11 billion in 2016 to 2021, indicating that Filipinos use at least one fintech service every second. As mobility restrictions amid the ensuing pandemic constantly result in strong demand for digital services, businesses need to "adapt themselves at a very high speed," according to Provenir General Manager for Asia-Pacific Bharath Vellore. "AI in fintech opens the doors for the digitalization of credit-rich verticals and diversifies products and capabilities. Agility and speed in personalization play critical roles in providing personalized offers to customers, aiding in hypergrowth," he said during a recent forum.

New Delhi, May 4: As India prepares the next-generation of coders, Amit Kumar, a data scientist at cure.fit, won the virtual'HackerCamp'22' for his idea of bringing computer vision, sensors and AI-based Fitness solutions to mobile devices, its organisers said here on Wednesday. Healthcare technology company Innovaccer, along with Microsoft and conversational messaging platform GupShup, organised'HackerCamp'22' -- one of the largest coding events that brought together ideas ranging from Augmented Reality/Virtual Reality, Blockchain, Artificial Intelligence, big data analytics and more from over 50,000 coders. The winners received incubation opportunities, cash prizes and other packages worth more than Rs 12 Lakh. While Kumar won in the professionals' track category, the winner of the freshers' track was Vishwas Modi, a B.Tech student at LNMIIT, Jaipur, for his'intelligent yoga trainer' with Leaderboard. "HackerCamp'22 opens the path for the tech wizards of the new age, offering them a platform to demonstrate their innovative ideas," said Ankit Maheshwari, President, R&D and India operations at Innovaccer.

The global data and intelligence solutions provider, Provenir, is leading the marketplace through its data insights innovation and technologies. The US-based software technology company which supports the international fintech industry, ensures the marketplace is a global data and intelligence ecosystem that makes accessing data fast and easy. Now, Provenir has invited industry professionals to join them in their latest webinar that outline how can AI-powered risk decisioning can play a part in transforming the entire credit risk decisioning process. The session, which is presented by key industry leaders, explores how technology continues to evolve and advances in big data, digital transformation, and AI/ML are creating new opportunities for financial services and fintechs to improve their credit decisioning processes. The webinar panel discussion is being moderated by FinTech Magazine and will provide a spectrum of topics for discussion that outline the importance of using AI/ML to transform credit risk decisioning.

Rising consumer expectations on delivery standards have compelled supply chains to react faster and push for digitalization, to ensure transparency across stakeholders and visibility into operations. Though it makes obvious sense to say visibility increases efficiency, the push towards greater operational visibility has remained a difficult task. One of the primary problems that face supply chains is the siloed approach within logistics verticals, which has traditionally reduced fluidity between operations and hampered efficiency. This leads to fragmented visibility, which was cited as the biggest challenge to operations by 84% of chief supply chain officers (CSCOs) in a survey conducted by IBM. However, global supply chains are not easily malleable to technology disruptions.