We carry our smartphones wherever we go. We wake up, learn, hang out and go to sleep with them. Let’s face it, we eat, pray and love with our smartphones today. Any invention was primarily aimed at making people's lives easier and more comfortable. Smartphones ain’t an exception. We are contributors of goods and services on [...]
The Social Credit System is a mechanism that uses big data analysis technology is intended to standardize the assessment of people and business's economic and social reputation, or 'credit'. Scores are given for everything, such as: being nice, well dressed, punctual and replying respectively. If you misbehave, you are punished by getting a lower rate, which [...]
The age of the Security Token has arrived. At its core, the “tokenize everything” movement is really about the financialization of everything. This change seems all but inevitable, as tokenization brings much needed transparency, liquidity, interoperability, and automation to the market. The New Security Token When people refer to “security tokens,” they generally refer to tokenized: [...]
Recent study by the Open Data Institute (ODI) in London investigated the economic value of public sector data at 0.5% of GDP at the expense of lower transaction barriers, improved service quality, and increased economic activity. Understanding the economic value of open data is in the long way of research and analysis, including data from the [...]
The use of APIs by banks is becoming increasingly common as they help to drive speed and cost-effectiveness compared to traditional legacy systems. There is a great amount of banks which guarantee convenience and safeness to their customer. But nowadays people want to get the best, that’s why they try many other to compare with and [...]
Virtual reality has moved from science fiction to marketable consumer product very quickly, partly because the incorporation of the smartphone into the technology makes it accessible. But what about in healthcare? Could a technology primarily associated with gaming turn out to be a serious therapeutic tool? VR technology has begun to come into its own regarding [...]
The financial sector has become one of the biggest consumers of big data in recent years. Big data is changing the industry in unprecedented ways. Experts say, 75% of financial service companiesused big data in 2018. Why is it so popular? We’ll tell you in this article. Allow make better actuarial decisions BigData makes highly consolidated [...]
Blockchain technology can reshape the way business works, especially in fintech industry. Its unique decentralized architecture, which records transactions on an immutable public ledger, offers solutions for many industry problems from retail banking to insurance and investment banking. The key benefits of blockchain technology is the distributed infrastructure’s ability to share information that is secure and [...]
Through the years trade relations have crucially changed. The evolution of money looks like this: barter, coins, paper, plastic, and now, phones. With the help of NFC (near field communication), companies are going to revolutionize the shopping experience and replace cash and credit cards with smartphones. People use smartphones to complete daily tasks including paying for [...]
No matter what future you see ahead for your finance organization, one thing is sure — if you, as business leader, are going to success in the digital world, you need to process information more efficiently, and turn that information into deeper insights faster than ever. What means you should use for that - read [...]
