Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
The fintech sector is undergoing significant changes as it embraces sustainability and ethical principles. This movement, known as green fintech, is transforming financial services to address environmental and social issues. Understanding Ethical Finance Traditional financial metrics such as profitability and revenue remain crucial, but ethical fin...
25 June 2024 /payments /retail Banking Strategy, Digital and Transformation
Raktim Singh Senior Industry Principal at Infosys
A Scalable Vector Database, a cutting-edge solution, is meticulously designed to efficiently manage high-dimensional vector data. Unlike traditional databases that handle data types such as strings and integers, vector databases are specifically engineered to store, index, and query vectors, which are numerical arrays representing features or chara...
25 June 2024 /ai /retail Technology for Social Good
Alex Kreger Founder & CEO at UXDA
Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. However, this shift not only enhances user experience but also addresses critical data privacy concerns. Unlike traditional cloud-based AI, on-device AI, as introduced by Apple, pro...
25 June 2024 /retail /predictions Artificial Intelligence and Financial Services
Simon Kent Global Head of Financial Services at Kearney
Artificial intelligence (AI) is set to transform the banking industry as we know it, and top management in the sector must prepare for this period of disruption before it is too late. If they do, the rewards are significant with industry leaders already predicting that AI could boost revenues by almost $1 trillion by 2030[1]. While banks are curre...
24 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Concept of Self Supervised Learning Self-supervised models generate implicit labels from unstructured data rather than relying on labeled datasets for supervisory signals. Self-supervised learning (SSL), a transformative subset of machine learning, liberates models from the need for manual tagging. Unlike traditional learning that relies on labeled...
20 June 2024 /ai /retail Technology for Social Good
Nick Green Director at Purple Patch Broking Ltd
The fintech industry has faced major hurdles due to economic ups and downs and changing regulations. This has forced fintechs to rethink their rapid growth plans. Unbridled expansion is no longer viable. Now, fintechs must prioritise sustainable and profitable growth over the long term. As a major contributor to the economy, the UK fintech sector ...
20 June 2024 /retail /crime Fintech
Shawn Conahan Chief Revenue Officer at Wildfire Systems, Inc.
With some of the biggest financial institutions in the world launching shopping rewards programs, it’s clear these loyalty incentives are becoming table-stakes in the field of value-added financial services. But not all loyalty/rewards platforms are created equal when it comes to meeting the needs of sophisticated financial institutions. As finan...
19 June 2024 /retail Fintech
Rob Straathof CEO at Liberis
The world’s financial companies, including banks and the larger credit and debit card players, have been in a position of market power for a long time. However, the disruption and digitalisation that’s being supercharged by enhanced customer expectations is changing this dynamic, and fintech is now flourishing. It’s clear from the rise of digital...
19 June 2024 /retail /wholesale Embedded Finance
A knowledge graph, is a graph that depicts the relationship between real-world entities, such as objects, events, situations, and concepts. This information is typically stored in a graph database and subsequently represented as a graph structure, which is the basis for the term "knowledge graph." History of Knowledge Graphs The concept...
17 June 2024 /ai /retail Technology for Social Good
Customers demand seamless, intuitive, and personalized banking experiences, with 72% emphasizing personalization as “highly important,” and 77% of banking leaders agreeing it boosts retention. Yet, financial institutions face outdated systems, strict regulations, repetitive interfaces, and growing cybersecurity threats. This article explores the t...
17 June 2024 /retail /devops Digital Banking
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