The millennial generation right now has a big impact on the global economy. In the following years, millennials will own almost 50% of global revenue. So, it's no surprise that the fintech sector is focusing heavily on innovation geared towards the millennial demographic. As the millennials continue to drive economic shifts, the financial sector needs to adapt to bring better … [Read more...] about 5 Ways Fintech Companies are Targeting Millennials with AI and Machine Learning
Financial Services
6 Ways AI is Transforming the Finance Industry
Technology has been at the helm of evolution of mostly all businesses and industries the world over. And, the finance industry is no different! Rather, Fintech (Finance + Technology) has opened up a plethora of options for the financial firms to understand their customers and devise products as per what they want and expect from the industry. Artificial Intelligence has been at … [Read more...] about 6 Ways AI is Transforming the Finance Industry
4 Ways Fintech Helps Improve Small Business Operations
Financial technology (fintech) refers to the type of technology used to streamline, automate, or augment conventional financial services, such as moving money across bank accounts, depositing checks, sending money, paying bills, and applying for financial assistance. It's also used in crypto exchanges and peer-to-peer lending. So what does this mean for small business owners? … [Read more...] about 4 Ways Fintech Helps Improve Small Business Operations
OCR Technology: A Breakdown of Data Recognition, Extraction and Processing
Optical Character Recognition (OCR) converts text and handwritten documents into digital PDFs and online documents. OCR has the power to generate machine-readable text from many documents in different languages. This not only saves online businesses the cost of investing in a larger workforce but also makes the customer onboarding process streamlined. The total market size for … [Read more...] about OCR Technology: A Breakdown of Data Recognition, Extraction and Processing
Open Banking & SCA Forum | Instant Payments Summit
Open Banking and Instant Payments are a match made in heaven. They are an integral and well established part in the banking landscape. Open Banking and Instant payments have proved to be a powerful combination, fostering payments innovation and contributing to widespread disruption of the banking and payments marketplace. Open banking provides third-party financial service … [Read more...] about Open Banking & SCA Forum | Instant Payments Summit
