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The Future of Fintech: AI & Blockchain

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Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain. 74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.See the rest of the story at Business InsiderSee Also:Open Banking Facilitator Entity releases app storeVaro raises $241 million as it nears full bank approvalBarclays and Ingenico add authentication solutions as new requirements approach

Cold hard cash: Cloud data warehouse spinner Snowflake gains $8bn in nominal value since Feb as IPO nears

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Despite everything going on in the world, you can rely on hyped tech stock to be a bit bonkers Cloud data warehouse specialist Snowflake looks set to file for an IPO valuing the company at $20bn – more than 13 times its valuation of $1.5bn back in January 2018.…

Flatfile scores $7.6M seed investment to simplify data onboarding

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One of the huge challenges companies like enterprise SaaS vendors face with new customers is getting customer data into their service. It’s a problem that Flatfile founders faced first hand in their jobs, and they decided to solve it. Today, the company announced a healthy $7.6 million seed investment to expand on that vision. The company also announced the release of its latest product called Concierge.

Scottish cops dangle £6m for help understanding 160TB treasure trove of structured and unstructured data

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Improved metadata management and easier compliance also required The Scottish Police Authority is on the hunt for virtual data warehouse and data lake providers as part of a £6m tender intended to help the public body derive some value from the huge volumes of data it is sat on.…

Acceleprise announces 26 SaaS startups from its trio of accelerators

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The TechCrunch crew has worked to keep tabs on this year’s startup accelerator classes. Conventional wisdom in startup land states that great companies are founded during more trying economic times. Well, a recession was declared yesterday by the National Bureau of Economic Research. We should, therefore, see some breakout startups in the next few years. Which means it’s a good time to see what’s bubbling up.

Civica bags £25m deal to handle web portal for UK National Driver Offender Retraining Scheme

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How many speeding Brit drivers does contract value equate to? 250,000 based on minmum fine possible IT services outfit Civica has bagged a £25m contract to provide a managed service to support bespoke software and data integration for the UK National Driver Offender Retraining Scheme (NDORS).…

6 Important Big Data Future Trends, According To Experts

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Many people agree that big data is here to stay and not a mere fad. Something that is not so clear-cut to everyday individuals concerns the future trends of big data analytics. These technologies are quickly evolving. What does that mean for the businesses that use them now or will soon? What is big data in simple terms? It encompasses both the structured and unstructured information kept by an entity that is collectively too large for traditional systems and techniques to process.

The Future of Fintech: AI & Blockchain

Posted on
Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain. 74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.See the rest of the story at Business InsiderSee Also:Green Dot is collaborating with a tech company on a bank account for immigrantsAmerican Express is beginning to see signs of early recovery from the first wave of the pandemicUK fintechs are aiming to close their compliance skills gap while banks are focusing on upgrading tech capabilities

Demonstrating 15 contact tracing and other tools built to mitigate the impact of COVID-19

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Andy Moss Contributor Share on Twitter Andy Moss is currently a Visiting Professor at NYU Tandon teaching entrepreneurship and innovation as well developing the COR Methodology, an active advisor/mentor to startups and business leaders, and is a former Microsoft executive. Connor Spelliscy Contributor Share on Twitter Connor Spelliscy is Director of New Platforms at Hangar, a partner at Connectivity Fund and helps lead COVID-19 Tech Task Force initiatives.

UK’s COVID-19 health data contracts with Google and Palantir finally emerge

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Contracts for a number of coronavirus data deals that the UK government inked in haste with US tech giants, including Google and Palantir, plus a UK-based AI firm called Faculty, have been published today by openDemocracy and law firm Foxglove — which had threatened legal action for withholding the information. Concerns had been raised about what is an unprecedented transfer of health data on millions of UK citizens to private tech companies, including those with a commercial interest in acquiring data to train and build AI models.
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