Financial Technology (otherwise known as FinTech), is drastically changing the way financial service firms operate and the way that the world of money functions; transforming the ways in which we transfer, borrow and manage our finances. Throughout the UK in particular, FinTech is growing in stature and popularity.
Share Talk spoke to CEO George McDonaugh about their investment in the Cosmos project and what it means for the future of Kryptonite1 (NEX:KR1). He discusses his own personal background before setting up Kryptonite1 and reaffirms how their business model is working for investors.
The AI In Fintech Market Map: 100+ Companies Using AI Algorithms To Improve The Fin Services Industry
Startups are using AI to improve and expand credit offerings, insurance options, personal finance services, and regulatory software.
Kryptonite1 is pleased to announce that the Company taken part in an Initial Coin Offering (“ICO”) undertaken by the Cosmos Project (“Cosmos”). The Company invested £100,000 for 1,279,840 Atom tokens in the ICO, which successfully raised a total of $16.8 million within 30 minutes of opening to the public.
London is renown for its prowess in the global FinTech scene, but that’s not to say that financial technology companies based outside of the capital are not raising the stakes when it comes to raising funds from VCs.
How can finance become a better business partner through utilizing emerging technologies? Here are 7 recommendations on how to unlock finance’s potential.
Natixis, have pioneered the first Blockchain solution in commodity trade finance for US crude oil transactions. The distributed ledger platform, built on the Linux Foundation open source Hyperledger Fabric, allows major steps in a crude oil transaction to be digitized on the Blockchain, ensuring improved transparency, enhanced security, and optimized efficiency.
George Zarkadakis is a thought-leader in digital innovation, digital transformation, and most importantly for us, Artificial Intelligence. He’s now the Digital Lead at Willis Towers Watson, a world leading global advisory, broking and solutions company, and he has even written a book on AI, called In Our Own Image: Will artificial intelligence save or destroy us?. Zarkadakis took some time to talk to us about how AI was being implemented in businesses today, and how it will change our industry of the future.
In March, Reddit announced it was introducing profile pages. The Reddit profile contains a list of the user’s posts in reverse-chronological order, and a follow button for subscribing to them. Co-founder Alexis Ohanian told The Verge that profiles are “a very big level-up for Reddit as a platform,” saying they would encourage users to share posts that might not work on the site’s topic-specific subreddits.
The rapid rise of fintech as a tech sector to watch out for is primarily being driven by the onset of new innovative startups and entrepreneurs. This global wave has the power to transform the monetary potential of the masses. A panel discussion on fintech was held at the recently organized SXSW conclave.