Fintech players rely on AI to build credit scores for disbursal of loans
By PRIYANKA PANI
The burgeoning online lending segment in India is also giving rise to a new kind of challenge on sourcing credit score data.
To solve this problem, several fintech companies are using Artificial Intelligence (AI)...
Moody’s Analytics Partners with Paxata to Enable Self-Service Data Preparation for Financial Institutions
LONDON, July 24, 2018 – Moody’s Analytics, a global provider of financial intelligence, has enhanced its data capabilities by partnering with Paxata, a leader in data preparation. Through this partnership, Moody’s Analytics now offers financial institutions...
Major Hotels in Iran Accepting Deposits in Cryptocurrency to Avoid U.S. Sanctions
By Joseph Young
HotelsInIran.com (“Hotels in Iran”), a major Iranian hotel booking platform, began accepting payments in cryptocurrency subsequent to the imposition of additional sanctions by the U.S. on Iran and Russia in July 2018.
Adoption of...
Fintech startups: A comparison of Israel and Hong Kong
By Sharon Gal Or
Israel is known as the ‘startup nation’ and more and more entrepreneurs there are turning their creativity to the FinTech arena. With the exception of Silicon Valley, Israel is the world’s top...
CRYTPO REGULATION WILL NOT SEND BITCOIN PRICE PLUMMETING TO $100
The former chief economist of the World Bank was joined by Nouriel Roubini and Kenneth Rogoff in claiming Bitcoin’s value could plummet to just $100 after being "regulated into oblivion”. But experts from trading...
Future of Cryptocurrency in the U.S: Committee Debates
By Mark Hartley
The House Financial Services Committee gathered yesterday to debate the future of cryptocurrency in the U.S.
Speaking at the meeting, chairman of the Federal Reserve Jerome Powell, said cryptocurrencies aren’t big enough to pose any risk...
Push for banks, telcos partnerships to drive financial inclusion
Banks and telcos have been challenged to find a common ground in deploying digital solutions that will reduce cash transactions, instead of undercutting each other.
About 96 per cent of transactions in Kenya are in...
AI: Banking’s Trillion Dollar Shot
By Tom King
Banks and financial services companies could wipe as much as 22 percent from their operating expenses by adopting artificial intelligence (AI) solutions. This is the finding of «Machine Intelligence and Augmented Finance»,...
Banking Trends to Watch in 2018
By Sachin Wason
Do you remember the last time you actually visited your bank to withdraw cash or to apply for a loan? Can’t remember, right? All thanks to technology. You don’t have to stand...
Banks in Romania looking to expand digital agility mode
By Ovidiu Posirca
Lenders on the local market have continued to redesign their structure of physical branches as part of the digitalization process.
While the number of employees in the banking sector has remained fairly stable at...
