The global computational arms race has augmented the technologies far and wide, bolstering their capabilities, and opening up a plethora of possibilities for companies across industries. FinTech is no exception to this, specifically when narrowing our focus toward artificial intelligence (AI). Global AI in the Fintech market was estimated at USD 6.67 billion in 2019 […]
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As the world currently heads into the second wave of Covid-19 pandemic, many countries have begun instilling new restrictions and rules to curb the rising number of infections. This is considered a nightmare for countries like Indonesia, which heavily relies on small and medium enterprises (SMEs) to carry their economy forward. SMEs contribute a total […]
China’s ruling Communist Party has drawn a roadmap that will take the country to the forefront of global innovation for the next decade, as it plans heavy investments within major technological and scientific projects. “The country will pursue innovation-driven development and implement a number of strategic projects in the fields of artificial intelligence, quantum information, […]
Financial services have always been the nervous system of the global economy, a critical system that must always provide effective and equitable services for social cohesion and enhanced development. While advancements in the Fintech industry have grown tenfold, the legacy 20th century business models in finance have grown out-of-date, with many not even adapting to […]
It is without a shadow of a doubt that ethical scandals in the tech industry have become the norm everywhere; every week, a new story surfaces about how the titans of social media have been breaching the ethical code of its users. However, we need to ask ourselves what “ethical tech” actually means? “Technologies have […]
When Facebook and Twitter moved quickly this week to limit the spread of an unverified political story published by the conservative-leaning New York Post, it led to predictable cries of censorship from the right. But it also illustrated the slippery hold even the largest tech companies have on the flow of information, particularly in the […]
The Fintech industry is developing rapidly, however like most other sectors it has been hit hard by the pandemic. We take a closer look at the top COVID-19 impacts on Fintech, both the challenges and unexpected developments. Digital finance is on the move With quarantines and lockdowns enforced, the use of remote services has […]
Japanese tech giant NEC buys Swiss Avaloq, Europe’s largest banking software developer, for 2.05 billion Swiss francs ($2.2 billion), the company said in a statement issued on Monday. “NEC will be placing great importance on building long-term relationships with Avaloq and its customers and aims to create new solutions that combine Avaloq’s software with NEC’s […]
Across the U.S., the pandemic has forced students to attend virtual school to prevent spread of the coronavirus. But the more we rely on technology, the bigger the consequences when gadgets or internet service let us down. Technology being technology, all sorts of things can go wrong. Your internet service may be inadequate for all-day […]
Major tech companies are donating millions of masks from their stockpile, as well as teaming up with hospitals for sharing and analyzing data and offering their computing abilities to help researchers. Tech companies – small and large scale – are acting as crucial respondents during the pandemic. After getting a lot of shade over the […]