Tagged: emerging technologies

Yokoy, the Accounts Payable Invoice Automation Firm, Recognized in Gartner’s Latest Report for 2023

Yokoy, the firm focused on Accounts Payable Invoice Automation (APIA), has been recognized in Gartner’s Hype Cycle Report for 2023, the analyst’s annual report into the maturity and benefit of emerging technologies in procurement and sourcing. Yokoy was named a sample vendor in the APIA… Read More

Generative AI Poses Novel Risks But Offers Transformational Opportunities, According to World Economic Forum

The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More

Fintech Open Source Foundation (FINOS) Expands into Emerging Technologies

The Fintech Open Source Foundation (FINOS), the financial services arm of The Linux Foundation, will announce at the FINOS Open House at J.P. Morgan its efforts “to spearhead the growth of emerging technologies with the launch of the Zenith Special Interest Group (SIG).” The SIG… Read More

Digital Finance Innovator IntellectEU Becomes AWS Services Delivery Partner for Swift Connectivity

IntellectEU, an innovator in digital finance and emerging technologies, is now an Amazon Web Services (AWS) services delivery partner. IntellectEU will “support migration of Swift infrastructure to AWS cloud and provide integration and deployment of API channels, along with ISO 20022 advisory services.” Sigrid Wiley,… Read More

Commonwealth, JPMorgan Chase to Examine Effect of Emerging Tech on Financially Vulnerable Americans

Commonwealth and JPMorgan Chase (NYSE:JPM) announced the next phase of their collaboration to address “the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households.” This project… Read More

Conversational AI Could Make Financial Info More Accessible, Understandable, Commonwealth Report Reveals

A report from national non-profit Commonwealth notes that “powerful” emerging technologies (Emtech) have the “unprecedented” potential to “shape the future of people’s financial lives, often in ways that will be with us for decades or longer.” According to the Commonweatlh report, Emtech like Big Data-powered… Read More

Digital Financial Services from Chinese Banks are Generally Better than other APAC Countries, and Some European, North American Providers: Report

A recently published whitepaper from Massachusetts-based International Data Corporation (IDC) and Huawei examines how banking institutions across the globe have been dealing with the COVID-19 outbreak. The paper identifies or recommends the way forward in a post COVID world which is now considered the “new… Read More

Digital Payments, E-Commerce, Cloud, 5G, AI, Machine Learning, Blockchain Considered Most Transformative Technologies for Enhancing Global Trade: Report

Di Dai from the World Economic Forum (WEF), a Switzerland-based international NGO that’s “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas,” confirms that the Coronavirus crisis has accelerated… Read More

Digital Transformation: Chinese Consumers are Increasingly Using Smartphones to Make Payments as Thousands of Bank Branches have Shut Down

The long lines in front of ATM machines have now become a rare sight as Chinese consumers are increasingly using their smartphones to complete transactions, instead of making cash payments, according to a report from China Daily. Many people claim they can’t even recall when… Read More

Omar Arab: EVP of Corporate Business at VeriTran Explains how Low-Code Platforms Help Deploy Seamless Fintech Applications

We recently connected with Omar Arab, EVP of Corporate Business at VeriTran, a leading low-code platform provider for enterprises. Arab talked about how low-code solutions make it easier for everyone, including non-programmers, to create applications for a wide variety of use cases – including banking… Read More

Digital Payments Surge in 2020, while Distributed Ledger Tech is in Focus for Digital Currency Solutions, Efficiency Enhancements: Report

Capgemini has released a new report titled, Payments – Top Trends 2021: Drivers, Opportunities, and Risks Shaping Financial Services. While highlighting key Fintech trends in the payments sector, the extensive report noted that Payments-as-a-Service has gained significant “traction” among small- and mid-tier institutions. It added… Read More

Nasdaq CEO Adena Friedman Says COVID-19 Is “Fundamentally Accelerating” Adoption of Fintech and Software as a Service Solutions

Adena Friedman, CEO at Nasdaq, the world’s second-largest stock exchange with a market cap of around $17 trillion, notes that the COVID-19 pandemic is “fundamentally accelerating” the adoption of Software-as-a-Service (SaaS) solutions. According to Friedman, the current environment has also led to the increased usage… Read More

Fintech Solutions Offered by Banks Might Not be Effectively Using AI and Machine Learning due to Lack of Qualified Professionals: Report

There’s been a significant increase in demand for technical workers with data, advanced analytics, and AI skills in the modern banking sector. However, there aren’t enough qualified data and AI professionals to meet the requirements of major organizations across the globe. This major talent gap… Read More

Brazil’s Fuse Capital to Allocate Funds to Startups Focused on Big Data, AI, Machine Learning, Credit Card Firm to Assist Wealthy Investors

Fuse Capital, a company established by experienced VCs and business owners based in Rio de Janeiro, Brazil, recently revealed that it’s raising its first overseas fund for investors looking for long-term, but high-risk investment opportunities. Launched in November 2019, Fuse Capital aims to assist Brazilian… Read More