Posts Tagged ‘banking‘

Using A.I. in Financial Services

As another indicator, the vast majority of respondents to the 2014 Future of the Internet study did anticipate robotics and machine intelligence will permeate wide segment of daily life by 2025 with huge implications for a range of industries. Will the latest surge of AI

Spain’s banking revolution shows us what’s next

Rodriguez Ferrara would doubtless agree. Ferrara set up in Barcelona and has since moved the peer-to-peer business to Silicon Valley, growing the company that allows friends to take the place of banks and offer personal loans. “Money is no longer in banks, it’s on

Exclusive: IBM looking at adopting bitcoin technology for major currencies

NEW YORK (Reuters) – International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter. Read more from Reuters

Bitcoin and the Digital-Currency Revolution

The digital currency known as bitcoin is only six years old, and many of its critics are already declaring it dead. But such dire predictions miss a far more important point: Whether bitcoin survives or not, the technology underlying it is here to stay. In

The rise of the digital bank

Across Europe, retail banks have digitized only 20 to 40 percent of their processes; 90 percent of European banks invest less than 0.5 percent of their total spending on digital…Going digital doesn’t have to mean millions in new investment dollars or convulsive upheaval in IT.

smarterplanet: We’re heading for a world with more smartphones than bank accounts – Quartz Bank accounts are out, smartphones are in. In 2011, some 2.5 billion people in the world were “unbanked” (pdf), as the lingo goes, according to the World Bank. By 2016, more

Who needs banks anyway? Reshaping the financial system The financial system is broken. Regulators want change, businesses want new means of financing and consumers want alternatives. The “banks” of the future will include state-owned entities, and firms that simply don’t use cash: think bartering and

Can Banks Delight Customers? – Forbes

Link: Can Banks Delight Customers? – Forbes Banks have often pursued what Fred Reichheld calls “bad profits”. Retail banks still depend on “nuisance fees” for one-third of their earnings.[2] Banks have used algorithms that process the largest checks first each day, so that depositors will