“A recent study revealed that 70 per cent of global fintechs are using AI today, and the technology is predicted to dominate the market by 2025, with over two-thirds of fintechs believing AI is the technology that will have the biggest impact on the sector over the next five years.” https://www.google.com/amp/s/www.thehindubusinessline.com/opinion/how-ai-is-redefining-the-human-touch-in-fintech-industry/article36594523.ece/amp/
Tag: Brandon McGee
5 Financial Technology (Fintech) Trends to Watch Out for in 2021 and Beyond
“According to technological growth statistics, there are approximately 4.88 billion mobile phone users across the globe as of January 2021. 62% of the world’s population owns mobile devices. Over 69 million people use mobile payment services. Not only this, but also in the United States, in-store mobile payments are reaching $128 billion in 2021. The…
Nextech AR and Kohls Expand Augmented Reality Contract For Ecommerce
“Extensive product testing which began with Kohls’ Innovation Center, validated Threedy’s return on investment (ROI)., Kohls in collaboration with Nextech is now significantly scaling WebAR for Ecommerce, creating thousands of new 3D models that will enhance the augmented reality experience for Kohls’ customers. With Nextech’s 3D WebAR for Ecommerce solutions, Kohls’ customers can review products…
Tim Cook is ‘really stoked’ about AI
“In a new interview with TIME, he said that AI, or a machine’s ability to simulate human intelligence like logic and reasoning, is the most promising innovation of today for two simple reasons. It’s ‘everywhere’ and it has the potential to ‘make people’s lives easier.’” https://www.google.com/amp/s/www.businessinsider.com/tim-cook-says-ai-is-today-most-exciting-innovation-2021-9%3famp
Feedzai Fraud Detection Platform Uses AI, Biometrics
“All banking fraud across the Internet, telephone, and in-person banking (people still do that?) – grew 159% in the first quarter of this year compared to the last quarter of 2020. Online banking, which accounts for 96% of all banking transactions, made up 93% of all fraud cases. The analysis reportedly covers more than 12…