Robo-advisors: the next phase of fintech evolution The deployment of robo-advisors in fintech will offer effective financial advice and automate asset management, investments, and insurance claims processing.

Generally, people consult financial planners and advisors for different investments and major financial decisions. However, financial advisors may offer biased or inaccurate advice and charge expensive consultation fees. Additionally, in…

Artificial IntelligenceTechnology
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Why fintech matters to all entrepreneurs From mobile payments to Robo-advisors, fintech is changing the way customers are interacting with their banks and other financial institutions, making it an important aspect for all entrepreneurs in the BFSI space.

The term financial technology can apply to any innovation where individuals transact business, from the invention of money to double-entry bookkeeping. Since the advent of mobile and internet revolution, financial…

FintechTechnology
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Mitigating attacks on blockchain In past few years, implementation of blockchain technology has attracted considerable attention. It efficiently records cryptographic transactions in a public ledger, thus making it difficult to alter and compromise because of the distributed consensus. As a result, blockchain is believed to resist fraud and hacking.

Blockchain technology enforces distributed consensus and cryptographic transactions, thereby rendering it difficult to compromise the integrity of its records without being noticed by an entire network. Because of blockchain’s ability…

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Algorithmic pricing models in BFSI It’s the holiday half of the year. Halloween, Christmas and New Year will follow one another. As festivities are round the corner, almost all of us will soon indulge in shopping and vacationing. So cab rides to the malls, booking of hotel rooms, purchasing air tickets, and ordering gifts online, is what the next few months would look like.

However, considering the smart millennials that we are, we’re going to do all of that at the best available price. That is to say, avoid surging fares on cab rides,…

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When bankers go tech The Internet of Things seems to be all encompassing. Startups are cropping up in all parts of the world. Curiosity is driving market game globally. Digital transformation is replacing humans with computers. Innovation labs and venture funds are creating the right environment for risk taking.

Amidst all of this, inaccessibility to credit, infirmities in monumental banking institutions, and rise in mobile banking applications have only led to the latest development of bankers turning to technology….

Digital Business
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Extending consumer convenience of technology to employees It is important for financial technology companies to not only help their customers have a great user experience, but also let their employees reap the benefits of high end software solutions so they can effectively manage their work and grow as a professional in the right environment.

Enterprises are so caught up in making things easier for their customers that, in that process, they often forget about the betterment of their own employees. Although they provide their…

Technology
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