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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:Chase is strengthening its mortgage borrowing standards to mitigate risk as it takes on new customersThe Monetary Authority of Singapore launches $88 million support package for banks and fintechsAmex is tweaking rewards to accommodate changes in shopping habits amid the pandemic

Instagram founders launch COVID-19 spread tracker Rt.live

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Instagram founders Kevin Systrom and Mike Krieger have teamed up to launch their first product together since leaving the Facebook mothership. Rt.live is an up-to-date tracker of how fast COVID-19 is spreading in each state. “Rt” measures the average number of people who become infected by an infectious person. The higher above the number 1, the faster COVID-19 races through a population, while a number below one shows the virus receding.

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:Amex is tweaking rewards to accommodate changes in shopping habits amid the pandemicVisa and Mastercard are evaluating if they should follow through with planned fee changesThe Fed has temporarily lifted Wells Fargo's asset cap

Data dashboard startup Count raises $2.4M from LocalGlobe, with Global Founders Capital

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Early-stage companies often have trouble dealing with the amount of data that can run through the organization, especially as it grows. Large sums are spent on data software, dislocated data, dealing with data pipelines. All of which involve data warehousing, cleaning tools and a visualization platform. Count is a startup that is an attempt to create an all-in-one data platform to deal with this problem, providing early-stage teams with tools to build data pipelines more cheaply.

Chinese startup Rokid pitches COVID-19 detection glasses in U.S.

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Thermal imaging wearables used in China to detect COVID-19 symptoms could soon be deployed in the U.S. Hangzhou based AI startup Rokid is in talks with several companies to sell its T1 glasses in America, according to Rokid’s U.S. Director Liang Guan. Rokid is among a wave of Chinese companies creating technology to address the coronavirus pandemic, which has dealt a blow to the country’s economy. 

A closer look at Microsoft Azure Synapse Analytics

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How is Azure bridging the data warehouse and data lake experience, and where should they go with it?

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:Wells Fargo forced to close loan applications due to asset capFunding Options saw over $1.2 billion worth of loan applications in MarchChime is piloting instant stimulus check disbursals

4 Key Competitive Advantages of Big Data in Business

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90% of all data in the world has been generated in the last two years. With that in mind, it’s not surprising that a lot of companies are struggling with structuring and making sense of the data that they have, which causes various organizational issues, as well as limits the potential growth. That’s why big data companies that can help use that data are in such high demand.

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:Funding Options saw over $1.2 billion worth of loan applications in MarchChime is piloting instant stimulus check disbursalsKabbage discontinues lending operations amid the coronavirus pandemic

Starboard launches proxy fight at Commvault, nominates six to board

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Starboard Value has nominated six directors to the board at Commvault, setting the stage for a second battle in two years between the U.S. data protection and data management software company and an activist hedge fund.
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