The revolution pushing the digital economy forward took giant steps in 2021, as digital assets began to blend seamlessly into overall economy’s fabric. Undoubtedly, 2022 marks a year of ongoing innovation for digital assets. Many financial institutions find themselves […]
Robotic process automation is a cutting-edge technology that has the potential to transform the financial services industry.
The three main issues found have been the performance when scaling of the technology for commercial application, ongoing regulatory uncertainties, and the difficulty of trust when bringing together various competitors.
Technology is also being utilized in finance industry to perform efficiently and improve customer experience. Various innovations in mobile payments, blockchain, digital currencies are made possible with the advancement in technology.
Google, IBM, universities, and several other companies are throwing money at quantum computing but the question remains if they will be able to see a return on this money. We are just in the infancy of the quantum computing space, […]
In a survey conducted by SAS of 300 executives, they found that AI initiatives are still in their infancy, but the “executives surveyed point to an explosion of AI adoption just around the corner.” The reason for this adaption is […]
Predictive analytics is the process of attempting to determine an outcome using statistics, historical data, and computer modeling. Banks and financial institutions find predictive analytics particularly useful in forecasting market movements and assessing risk. While it exhibits some similarities to […]
Chatbots represent the next evolutionary step in automated online assistance. A chatbot is defined as “a computer program designed to simulate conversation with human users, especially over the Internet.” Chatbots are most commonly used to provide text responses on websites […]
