Originally Published on Digitalist Magazine With the advent of robo-advisors, artificial intelligence (AI), and virtual assistants, the next wave of the financial technology revolution could arrive sooner than anticipated. A report by EY, “Unleashing the Potential of Fintech in Banking,” highlights that collaborations with startups (and not competition) can provide fresh tech solutions for banks. Shared services and knowledge will improve product offerings through data analytics tools like predictive analytics, offering deeper engagements with customers. How are banks currently leveraging fintech? Albeit independently, banks are building in-house technology in response to the growing fintech challenge. In 2017, JPMorgan appointed a new team for the automation ofRead More →

If you thought that startups like Uber and Lyft have changed the world of technology then there’s more. According to The Wall Street Journal, a recent funding sent a secret startup, Zoox’s valuation to a whopping $1.55billion. The billion-dollar firm aimed to work towards the concept of self-driving has managed to attract $50million in Zoox’s latest round of funding in October. The historic swing from traditional engines to electric and chip-controlled technology is happening through some of Silicon Valley’s best-financed startups. The worlds’ biggest automakers are strategically funding startups with the intention of expanding and competing in technology-driven markets. Valued at more than $1billion, establishedRead More →

Facebook recently announced its ambitious Augmented Reality Platform in its annual F8 Developer Conference. The firm’s CEO Mark Zuckerberg said, “We’re going to make the camera the first mainstream AR platform.” Through the announcement, Facebook joined the long list of established firms that are already invested heavily in Augmented Reality (AR). A recent report by Bloomberg outlines Apple’s ‘big step’ towards the AR space through talented hires and acquisitions in the related field. According to the report, with the goal of making smart glasses, in the short term, Apple’s AR features may first show up on the iPhone. Bloomberg’s report comes after its November storyRead More →