industryterm:financial services

Problems with #blockchain Technology
▻https://hackernoon.com/problems-with-blockchain-technology-d614ea123279?source=rss----3a8144eab

Niggling Problems with Blockchain TechnologyBlockchain technology has become one of the biggest buzzwords not only in the field of finance but also in technology. Blockchain proponents believe that the technology will revolutionize financial services as it functions without a central authority. The technology also stores data in a tamper-proof way which is an additional advantage of the technology. It is believed that the emerging blockchain technology will be beneficial for a number of industries beyond finance and technology, particularly for the industries which have to keep a huge trail of paper records such as healthcare, law, and real estate.Though there are numerous benefits of the blockchain technology slow transaction speed and lack of standardization have slowed down the (...)

#challenges-in-blockchain #blockchain-technology

The Meaning of ‘Trust’ in the Fintech World
▻https://hackernoon.com/the-meaning-of-trust-in-the-fintech-world-9bfc2a5ccd6a?source=rss----3a8

Believe it or not, a major issue that has bedeviled the financial sector, especially after the widespread adoption of digital payment methods, is an overreliance on trusted third parties — or simply ‘trust’ — to complete transactions.It could be argued that trust is now a highly valued commodity and indeed, many players in the financial sector have it as their primary product on the market.That is not such a good thing, however, for a number of reasons.How exactly is trust a pain point in the delivery of financial services?The ‘trust’ pain point can be experienced in four ways:1. The vulnerability of user data in centralized data centers.Data is critical in the provision of all kinds of financial services, especially so in the case of centralized payment systems. It is through data that service (...)

#blockchain

The Biggest Hype In The Crypto World — #facebook #cryptocurrency: Trial by #whatsapp Peer-to-Peer…
▻https://hackernoon.com/the-biggest-hype-in-the-crypto-world-facebook-cryptocurrency-trial-by-wh

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The Biggest Hype In The Crypto World — Facebook Cryptocurrency: Trial by WhatsApp Peer-to-Peer PaymentsFacebook will introduce a cryptocurrency, which will allow WhatsApp users to send money instantly likely in the first half of 2019.And another failure in a series of failed trials. Why?Let’s analyze some facts, some facts from the history, let me present you a few details about Facebook previous attempts to offer financial services through payment systems as gathered by TechCrunch. Think about it, Facebook’s every initiative made in payment-systems were failed. I mean failed, we do not even remember them.Do not over-excited and overreacted. There will be probably no universal bank by Facebook/Whatsapp. So, my simple and straightforward message to crypto community that there will be almost no (...)

#bitcoin #blockchain

Journey Through FinovateEurope 2019
▻https://hackernoon.com/journey-through-finovateeurope-2019-fa74670f8f2d?source=rss----3a8144eab

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Jim Marous and UXDA’s presenter Karlis JonassNo doubt, if there’s a place you could call the innovation epicenter of the financial world, it’s #finovate. It brings voice to the future banking and illuminates what will be the common practice of tomorrow. This year UXDA stepped on the stage beside other world’s leading finance innovators and influencers to demonstrate which direction the financial industry is heading to. UXDA outlined the rising significance of delightful user experience #design in financial services — definitely one of the routes the future of banking will take. Here’s a recap of the most remarkable Finovate memories to inspire every financial professional who aims to reinvent banking.▻https://medium.com/media/ef2ac6d98e08e1e48f6da3de24525bf3/hrefMissionThe world of finance is (...)

#fintech-conference #fintech-event #ux-design

’Outrageous abuse of privacy’ : New York orders inquiry into Facebook data use
▻https://www.theguardian.com/technology/2019/feb/22/new-york-facebook-privacy-data-app-wall-street-journal-report

Order follows report that Facebook may access highly personal information including weight, blood pressure and ovulation status New York’s governor, Andrew Cuomo, has ordered two state agencies to investigate a media report that Facebook may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data. The directive to New York’s department of state and department of financial services (DFS) came after the Wall Street (...)

#Facebook #algorithme #smartphone #données #santé #BigData #marketing #profiling

##santé
▻https://i.guim.co.uk/img/media/1066aa457239f6dd9ba0aaf3046d6f583fe0d49a/0_278_4500_2701/master/4500.jpg

#Data_for_Black_Lives. Data as protest. Data as accountability. Data as collective action.

Data for Black Lives is a group of activists, organizers, and mathematicians committed to the mission of using data science to create concrete and measurable change in the lives of Black people.

Since the advent of computing, #big_data and algorithms have penetrated virtually every aspect of our social and economic lives. These new data systems have tremendous potential to empower communities of color. Tools like statistical modeling, data visualization, and crowd-sourcing, in the right hands, are powerful instruments for fighting bias, building progressive movements, and promoting civic engagement.

But history tells a different story, one in which data is too often wielded as an instrument of oppression, reinforcing inequality and perpetuating injustice. Redlining was a data-driven enterprise that resulted in the systematic exclusion of Black communities from key financial services. More recent trends like predictive policing, risk-based sentencing, and predatory lending are troubling variations on the same theme. Today, discrimination is a high-tech enterprise.

Data for Black Lives seeks to mobilize scientists around racial justice issues. At our conference in November, we will convene over two hundred data scientists, computer programmers, racial justice activists, and elected officials to discuss the role that data can and should play in Black communities. Join us January 2019 at MIT for our second annual conference

▻http://d4bl.org
#données #résistance #Noirs
ping @fil @simplicissimus @reka

Creating an Online Mortgage Service: Tips and Insights
▻https://hackernoon.com/creating-an-online-mortgage-service-tips-and-insights-e567d1376155?sourc

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Having started its rise in the 2010s, fintech has changed the image of traditional financial services. With online banking, online investing, and online payments already existing, it has been only a matter of time for mortgage and loans to become digital products. They are becoming much more convenient than their traditional versions, more oriented at customers, and less time-consuming. And all these benefits are completed with the fact that millennials, one of the forces that powered the rise of fintech, are ready to become the target clients of the housing market. As the demand for mortgages is growing and the market orients at the digital users, online mortgage services aim to meet the needs of the present and replace traditional loan services.Here, the essentials of building an (...)

#online-mortgage-service #mortgage-services #online-mortgage-lenders #online-mortgage #startup

How to Start a #fintech Company
▻https://hackernoon.com/how-to-start-a-fintech-company-e12bf425338?source=rss----3a8144eabfe3---

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7 Things You Should definitely Know“You have to, to serve these markets, re-imagine how money can be managed and moved because there’s going to be more change in the next five years in financial services than happened in the past 30.”– Dan Schulman, CEO PayPalEven if you don’t trade Bitcoins and are not sure how stocks work, there is still a chance that you might have used some sort of FinTech services like, mobile #payments or online banking solutions. In fact, the adoption of fintech globally reached 33% in 2017 (compared to 16% in 2015).Thus, there is absolutely no denying the fact that technologies will continue to invade the age-old financial industry. Riding on the fintech bandwagon, many millennials and innovators have reinvented their businesses and made a hefty profit in the (...)

#startup #financing #funding

Digital Transformation in #finance
▻https://hackernoon.com/digital-transformation-in-finance-23faefa35a45?source=rss----3a8144eabfe

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Digitization disrupting the Finance Industry.Transforming Finance One Step at a TimeDigital — the buzzword used or over-used for quite some time now, brings in a huge impact on the financial & banking industry. Digitalization or Digital transformation is nothing but the restyling of financial services. Right from customer services to machine learning, from Artificial Intelligence to mobility; the finance industry is modified from complex, time-consuming operations to a more simplified structure and right at the helm, leading this transformation lies Revolutionary Financial Technology (or #fintech) Companies.Digital transformation is utilizing technology such that it re-creates into efficient operations & processes. Digitalization is not a replacement to the traditional systems but (...)

#cryptocurrency #automation #digitization

Facebook taps banks, but for chatbots not purchase data like Google
▻https://techcrunch.com/2018/08/06/facebook-banking

Backlash swelled this morning after Facebook’s aspirations in financial services were blown out of proportion by a Wall Street Journal report that neglected how the social network already works with banks. Facebook spokesperson Elisabeth Diana tells TechCrunch it’s not asking for credit card transaction data from banks and it’s not interested in building a dedicated banking feature where you could interact with your accounts. It also says its work with banks isn’t to gather data to power ad (...)

#JPMorgan_Chase #Facebook #Messenger #WeChat #algorithme #bot #banque #BigData #data-mining

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#blockchain Writing a New Chapter for #automotive Industry
▻https://hackernoon.com/blockchain-writing-a-new-chapter-for-automotive-industry-48a8151eec99?so

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Blockchain technology, which has already disrupted the financial services and supply chain industries, has at last arrived in the auto industry.We will look at some potential applications of blockchain in the automotive industry along with a few real life examples. So, sit tight !By this time , you must have read hundreds of articles about what is blockchain and what are its advantages. So, lets not waste our time on that again and come to the point directly. Let’s talk about what blockchain can do for the automotive industry. Since the advent of cars, the automotive industry has always embraced technological advances, but the pace of change has accelerated so rapidly that auto original equipment manufacturers (OEMs) worldwide are struggling to keep up. Automotive industry is changing, (...)

#automobile #blockchain-writing #automotive-blockchain

6 Ways To Keep Your Financial Information Secure Online
▻https://hackernoon.com/6-ways-to-keep-your-financial-information-secure-online-e72e27d6f28e?sou

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Online banking. Online shopping. Credit cards. Mobile wallets. Today, we have all imaginable forms of financial services at our fingertips. The convenience has improved immeasurably since the days of visiting the bank in person. Along with the convenience has come a long list of perils. A small mistake is all it takes to lose all your hard-earned money to unidentifiable and impossible to catch hackers.2017 saw a 200% increase in cyber attacks as seen in 2016. In the coming years, this number could climb significantly as customers are increasingly migrating to the digital medium.You cannot let go of the convenience either, since from coffee shops to convenience stores plastic cards and mobile wallets are the accepted forms of currency. So, what can you do to keep your financial (...)

#security #cybersecurity #financial-information #financial-security #online-security

How Baanx Can Fix Digital #banking With #blockchain Technology
▻https://hackernoon.com/how-baanx-can-fix-digital-banking-with-blockchain-technology-8b19d22115b

This Paid Story is brought to you by Baanx.The banking industry is becoming increasingly centralized, a trend that the 2008 financial crisis accelerated. One in four independent U.S. banks disappeared between 2008 and 2015. Even larger banks are cutting down on their brick-and-mortar presence: 1,700 U.S. bank branches shut down between June 2016 and June 2017.As banks consolidate and locations close, many communities wind up becoming “banking deserts.” Residents of banking deserts have few options for essential financial services such as fair access to credit or safe storage of their savings, which forces them to fall back on predatory service providers (such as payday lenders) while communities who enjoy banking access can use bank services to build their wealth further. Banking access (...)

#blockchain-technology #paid-story #fintech

Supreme Court says corporations can’t be sued under centuries-old law for overseas human rights abuses - The Washington Post
▻https://www.washingtonpost.com/politics/courts_law/supreme-court-says-corporations-cant-be-sued-under-centuries-old-law-for-overseas-human-rights-abuses/2018/04/24/bfa3b43e-2888-11e8-bc72-077aa4dab9ef_story.html

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En l’occurrence seulement parce que ç’aurait tout bonnement été la porte ouverte aux poursuites contre les innombrables complices des innombrables #crimes israéliens (et le wapo qui se présente en défenseur des droits humains contre les multinationales, c’est risible)

The case at hand involved 6,000 foreign citizens who allege that the Arab Bank provided financial services to terrorists who engaged in attacks against Israelis in 2000. The bank is a multinational corporation based in Jordan with a federally chartered branch in New York.

ERASMUS exchange – a European success story ?

Much of the Brexit debate is focused on the impact that leaving the EU would have on the UK: the impact on trade and on financial services, on immigration, on the NHS and on national sovereignty. Questions that receive considerably less attention are what the impact of Brexit would be for universities, the higher education sector and academic research and what leaving the EU would mean for students.

▻http://lacuna.org.uk/politics/erasmus-exchange-a-european-success-story
#Erasmus #identité #UE #EU #Europe

Financial services in developing countries | The Economist

▻http://www.economist.com/news/economic-and-financial-indicators/21586861-financial-services-developing-countries?fsrc=scn%2Ffb%2Fwl%2Fpe%

Access to traditional financial services, such as deposit-taking accounts and automatic teller machines (ATMs), in developing countries has expanded in recent years. Since 2004 the number of ATMs per 100,000 adults has more than doubled, to around 22 (compared with over 70 in rich countries).

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Russia and Brazil have more ATMs relative to their population than other emerging markets, but according to a World Bank survey less than 2% of adults there used a mobile phone to receive money. Mobile payments are a substitute for traditional banking. In Kenya, where there are 2,381 ATMs (less than ten for every 100,000 adults), over two-thirds of people use mobile money.

#finance #banque #liquidités

Russian Ties Put Cyprus Banking Crisis on East-West Fault Line - NYTimes.com

▻http://www.nytimes.com/2013/03/24/world/europe/russian-ties-put-cyprus-banking-crisis-on-east-west-fault-line.html

LIMASSOL, Cyprus — Andreas Marangos, a Porsche-driving lawyer here, had just woken up when he heard the news that threatened to destroy his and Cyprus’s most lucrative business: setting up shell companies and providing financial services for wealthy Russians.

#chypre #russie #crise-bancaire

Give Women the Seeds and They Can Feed the World - IPS ipsnews.net
Give Women the Seeds and They Can Feed the World
►http://ipsnews.net/news.asp?idnews=105234

If women farmers were given more tools and resources, the number of hungry people in the world could be slashed by 100 to 150 million.

This was the message conveyed by Josette Sheeran, executive director of the U.N. World Food Programme (WFP), at an event on the sidelines of the United Nations General Assembly Thursday to empower rural women for food security and nutrition.

In October, the Committee on World Food Security will meet at WFP headquarters in Rome, followed by the 56th session of the Commission on the Status of Women (CSW) next year, both opportunities to increase the role of rural women in alleviating poverty and hunger.

UN Women and the Coca-Cola company also announced a new partnership this week to break down the barriers faced by women entrepreneurs through programmes on the ground that provide access to skills training and financial services.

#agriculture #femmes #partenariat

One Giant Leap for Manx-Kind | Magazine
►http://www.wired.com/magazine/2011/04/st_isleofman

les cadors de l’exploration spatiale privée s’installent sur l’île de Man, en mer d’Irlande :

The island—a British “crown dependency” that’s part of neither the UK nor the EU—is home to two dozen space-industry firms, a booming space-related financial services sector, and the highest concentration of International Space University graduates in the world. (...) The zero-percent corporate tax appeals to the zero-gravity crowd,

#espace #uncut #paradis_fiscaux #cdp