By now, most of us will have at least heard of the Internet of things (IoT), with many excitedly anticipating the realm of possibilities that the collection and utilisation of data by IoT devices will eventually offer. Among those possibilities is the invaluable insight that this data will provide, particularly with regards to our interests, preferences and regular habits and practices.
Thanks to key advances being made within the realm of fintech (financial technology), the term democratisation of finance has become perhaps the most important of all from a global-development perspective in recent years. But truth be told, the actual democratisation process can mean different things to different people.
It’s fair to say that 2020 has been among the most consequential years ever for the fintech (financial technology) industry. Thanks in no small part to a deadly pandemic that swept across much of the world, consumers, households and businesses alike have all had to depend on the digital world a whole lot more than at any time previously.
As COVID-19 continues to transform our daily lives in significant ways, traditional banking models have come under intense pressure. Technology is facilitating a rapidly evolving landscape for financial services, with the execution of financial transactions no longer solely under the stewardship of conventional financial institutions.
The robots are taking our jobs—or are they? This has been one of the most hotly discussed subjects of recent years as the startling developmental leaps being made in technologies such as artificial intelligence (AI) and robotics continue to make automation more sentient, efficient and productive.
If you are based in Singapore, you might have seen a dog-like robot patrolling some of the city-state’s parks earlier this year. Called Spot, the four-legged robot created by US-based Boston Dynamics is equipped with cameras and sensors to detect the concentration of group sizes gathering in parks while also reinforcing social-distancing rules
When human beings congregate in one space, troubles often abound. Even so, urbanization continues to surge, and information and communications technology plays a crucial role in improving living standards through the creation of smart cities. Thriving smart cities are greener, more efficient and much cleaner than their traditional urban counterparts, and they accomplish the seemingly impossible feat of allowing increasing numbers of human beings to occupy confined geographical spaces successfully.
For 150 years, banks in the United States have been financial anchors in their communities, and they continue to be. But the banking industry is not anchored to its own traditions and is moving in tandem with evolving technologies and consumer expectations. Unbundling and decentralization are transforming how the financial-services industry fulfills its role to undergird societal prosperity, with the OCC providing needed guidance in a time of continuous flux.
Inspired by a wave of disruptive digital innovation, the last decade has witnessed perhaps the most rapid evolutionary change ever within the global banking system. Thanks mostly to a combination of greatly heightened expectations from banking customers and the sustained development of the financial-technology (fintech) sector,
The investment-management industry is undergoing arguably its most disruptive period ever. Thanks to a new wave of disruptive technologies, the very concept of investing is being transformed from a practice that was relationship-driven