Tencent is making a significant bet on artificial intelligence in its #financial advisory services. In May, the company confirmed the establishment of the second of two laboratories devoted to AI research. The newer lab is located in Seattle, and the other is in Shenzhen, China. In an announcement last week, President Martin Lau explained that […]
Bank Innovation
Labs – focus units tasked to tackle specific technologies and ideas – have been growing in popularity among #banks lately. Most established banks already have “innovation labs” – which focus on identifying #fintech trends and partnerships – in place, and many test distributed ledger #technology applications in “#blockchain labs.” USAA took a different route: the […]
Bank Innovation
#PayPal continued steady #growth this quarter, reaching 192 million active users and 30 transactions per user. It also recorded $ 87 billion on 1.5 billion total transactions. Venmo accounted for $ 4.9 billion of that, and mobile accounted for approximately 30% of PayPal’s total transactions. That 192 million, by the way, counts 177Read More
Bank Innovation
As software proliferates every corner of a business, IT is being crushed by demands from users who require applications and data to be always available and always connected. IT can no longer meet the demand by simply running faster on the hamster wheel. The new operating model requires IT to build reusable, self-service assets and infrastructure to avoid reinventing the wheel every time a… Read More
During a demonstration today, #Nasdaq unveiled a service that lets #solar power generators sell certificates using its Linq #blockchain service.
CoinDesk
Reply