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The Advancement of Automation

Though technologies of automation and artificial intelligence (AI) are not new, recent advancements are pushing the limits of what devices can do. There have been remarkable developments of AI, machine learning, and robotics that are bringing automation to a whole new level. The intelligent automation lead of Avanade UK and Ireland, Max Vicino, discussed the …

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How Artificial Intelligence is Revolutionizing the Financial Services Industry

Fintech is on an innovative spree, revolutionizing the financial services industry. One of the technologies that have played a role in this innovation is Artificial Intelligence.  Artificial Intelligence (AI) is the stimulation of human intelligence by computer systems. Financial service providers are after AI to help automate their processes. The benefit of implementing AI for …

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Europe’s New Artificial Intelligence Rules’ Effects on Businesses 

In April, the European Commission came out with the statement to regulate artificial intelligence. Their goal is to turn Europe into a global hub that uses trustworthy Artificial Intelligence through the combination of a legal framework on AI and a new Coordinated Plan with the Member States. The new rules are greatly endorsed by privacy advocates. While it …

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7 Technologies That Are Changing the Banking Industry

In the past decade, apps like Uber and Airbnb became extensively popularized with much room for the integration of financial components within. Fintechs were able to connect a gap between the more limited capabilities of banks and what consumers desired. New fintech startups saw these opportunities and designed creative products to allow for mobile payments, …

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FinTech trends that you should know

After the outbreak of the coronavirus pandemic, the development of financial technology has accelerated. Fintech’s growth is expected to continue as more companies migrate online and customers respond to using fintech solutions to simplify financial transactions. From retail and banking to financial consultancy services, fintech will begin to change the economy in the coming months. …

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Banking Technology Trends for 2021

Financial technology, often shortened to fintech, has been making great strides in improving financial industries. Examples of markets that have improved due to fintech include the mortgage lending and insurance industries. Another industry that will begin to implement these revolutionary technologies is the banking industry. The Covid-19 pandemic has affected every facet of human life, …

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How Technology has Revitalized Customer Service in 2021

Over the last few years, many industries have used technology to help improve their processes and efficiency. One aspect of business where technology can be especially valuable is customer service. This aspect has changed drastically over the last few years due to technology, and it is definitely better because of it. One industry that has …

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Insurtech is Causing Seismic Change in the Insurance Industry

The insurance industry is one of the oldest financial industries. Insurance is often considered a dreaded and confusing task but it is an important aspect of everyday life and offsets the risk of unplanned or unfortunate circumstances. Insurance protects those that we love and things that we cherish, including our lives, family, pets, properties, tangible …

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