FCA and R3 develop blockchain-based regtech solution

BI Intelligence This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The UK's Financial Conduct Authority (FCA) has developed a blockchain technology-based regtech application for the mortgage industry in collaboration with consortium R3, Royal Bank of Scotland (RBS), and a third unnamed bank, R3 revealed on Tuesday. The prototype has apparently been in development for several months, and the parties will now work toward onboarding more participants to gather feedback on the application, in preparation for a live pilot.

Inventory overload? Predictive analytics could be the solution

The right software, plus in-house data analysts, can set an organization on the path to financial success and set it free from excess products.

China, Russia, and the US are in an artificial-intelligence arms race

Kim Kyung-Hoon/ReutersFor Russia and Vladimir Putin, it is clear that planetary domination and artificial intelligence (AI) are inextricably intertwined. “Artificial intelligence is the future, not only for Russia but for all humankind,” he said via live video feed as schools started this month. “Whoever becomes the leader in this sphere will become the ruler of the world.” Putin isn’t an outlier in his thinking; he is simply vocalizing to match the intensity a race that China, Russia, and the US are already running, to acquire smart military power.

Alibaba is following Amazon’s lead in one big way

Since April 23, 2016, shares of Amazon's have risen 157%. This was no accident. On that day, as part of its first-quarter earnings results, Amazon broke out its Amazon Web Services (AWS) division results for the first time. The response from investors was dramatic: The Motley Fool How much revenue AWS actually generated for Amazon had long been a source of speculation. Was the service, a cloud-based data management and storage service, even profitable?

The rise and fall of historical world economies

The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Long before the invention of modern day maps or gunpowder, the planet’s major powers were already duking it out for economic and geopolitical supremacy. Today’s chart tells that story in the simplest terms possible. By showing the changing share of the global economy for each country from 1 AD until now, it compares economic productivity over a mind-boggling time period.

What You Need to Know About Talend’s New Community for Big Data Innovation

Talend is a leading provider of big data products and services. Last year, the company announced that it was growing 136%, year-over year, due to some of its highly successful products. Talend continues to push forward with more innovative ideas. Late last month, Talend announced that it was unveiling a new open-source community for big data developers (Talend called it big data innovation).

Using Cloud Technology to Streamline VAT Automation

VAT technology has revolved so much over the years; it’s now much easier to perform efficient data management. Changing to a VAT automation system offers your business faster VAT returns, reduces human error and guarantees compliance to new rates, rules and regulations. Since multiple information sources are stored in a single location, the VAT recovery process is simplified. Enhancing data accuracy Connecting to the right cloud technology can make VAT automation for your business much easier.

Inside the 11-week, intensive tech boot camp that helps vets get hired

Paula Bronstein / Getty Images • NS2 Serves puts veterans through an intense, three-month program to help them land jobs. • Participants receive software training and certifications. • Retired United States Navy vice admiral Joseph Kernan said that participants also "grow into a team" during the experience. Making the transition from military to civilian work can be a major challenge. The US Department of Labor places the overall veteran unemployment rate at 3.7%, while the unemployment rate of veterans who served after September 11, 2001 is even higher, coming in at 4.2%.  To compare, the unemployment rate for people with a college degree is 2.5% To help close that gap, SAP National Security Services — a security and infrastructure software company —  is offering free technical training to veterans through its nonprofit, NS2 Serves.

How Mobile Devices Are Revolutionizing the Big Data Industry

Mobile phones have undergone rapid development in the past few years. Today, cell phones have become an integral part of our lives. Most people carry these devices everywhere they go, even when they are asleep, they want their cell phones to be beside them. According to human behaviour analysts, such consumer behavior makes mobile phones a useful device for collecting information about consumers throughout the day rather than waiting to gather information only when the users are at their computers.

Here Are Bank of America’s Revelations of the Future of Big Data

Over the last few years, many of the world’s leading technology evangelists have praised the future of big data. Bill Gates has announced that big data is playing a very important role in protecting American schools and improving healthcare around the world. These views have recently been echoed by the Bank of America. Bank of America’s Long-Term Focus on Big Data A few years ago, Bank of America began using big data to improve its customer retention rating.
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