Fintech Archives - VR World

Analysis, Fintech, News, VR World

China banks introduce VR and other cutting-edge technologies

A new branch from the state-owned China Construction Bank is making a plunge into the world of cutting-edge technology. VR World is taking a look at what’s in play to see how this technology may one day spread to banks closer to home. First and foremost is the face-and-voice recognition. At the entrance to the bank, customers interact with a greeting robot that can speak back using voice recognition. Using their ID or facial recognition, clients can then enter the bank and start using the machines inside to do their bidding. Some functions, like buying gold, exchanging currency or withdrawing money are all done on

Artificial Intelligence, Asia Pacific (APAC), Business, China, Companies, Fintech, News, Technology Security

AI Chatbots are rapidly changing the ways of banking in the world

The biggest Hong Kong bank, HSBC Holdings, is starting the New Year with a new chatbot. Chatbots are computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business. Now they are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking. Even though they are practically machines, banks are trying to give their chatbots a human touch which is why HSBC named its newborn Amy. This is not the only bank form Hong Kong. Hang Seng Bank already has their virtual assistants named HARO and DORI. This move came as the city’s

Artificial Intelligence, Blockchain, Companies, Cryptocurrency, Fintech, News, Technology Security

BeeChat, First Blockchain Based Messenger with Crypto Wallet

The Crypto boom seems to be at an all-time high with the Bitcoin market recovering from the recent dip. However, there is a new thing coming. BeeChat is a blockchain based messenger and also, a cryptocurrency community. Built using proprietary distributed technology with servers implemented around the world, BeeChat offers reliable communication in an ever-changing cryptocurrency landscape. After going live in October, this network has captured millions of users around the world and currently supports hundreds of millions of messages per day on its network. It also supports over 10 digital currencies, provides messaging and communications services, cryptocurrency discussions and groups, cryptocurrency wallet, and industry

Apple, Artificial Intelligence, Augmented Reality (AR), Business, Companies, Facebook, Fintech, Google, Intel, Microsoft, News, Nvidia, Virtual Reality (VR)

Investors Guide: Investing in AI and AR Stocks is the New Gold

The year is coming to an end and if you were thinking about investing in tech companies – now may be the right time. The bullish market still lasts (eighth years in a row now), and this year was pretty good for investors despite the threats of a nuclear or potential trade war and/or crypto currencies rising . Through the end of November, the S&P 500 Index gained 21%. The Dow Jones Industrial Average was up 25%, and the Nasdaq Composite surged 27%. Big technology companies in the Nasdaq 100 Index, tracked by the popular QQQ ETF, have jumped 32% since January. Take AR for

Artificial Intelligence, Business, Cryptocurrency, Fintech, News

New AI App will tell you is bitcoin going to crash

Have you ever thought that maybe artificial intelligence isn’t just to ‘destroy all humans”, but maybe also to help us? Nowadays when everyone is talking about investing in crypto currencies, and bitcoin price is being bullish to the end, using Artificial Intelligence to predict Crypto currency value seems like a smart idea. Bitcoin Bubble Burst, presented at the Disrupt Berlin hackathon by Claudio Weck, Saad El Hajjaji, and Karthick Perum, watches major price changes for you and tracks news events that could affect prices and alerts you in real time. It thoroughly analyses the trades with deep learning and social media and news with cognitive

Breaking, Business, Companies, Fintech, News, startups

Salesforce.com Invests in AI Employers

The venture wing of Salesforce.com Inc., is launching a USD $50 million fund to invest in start-ups creating or deploying Artificial Intelligence, the cloud computing firm disclosed today to Reuters. Salesforce, whose software helps businesses sell, market and track customer activity (Customer Relationship Management), has been increasing its use of AI since launching its ‘Einstein’ technology a year ago, which uses automation and data-driven features. Their CEO Marc Benioff explained that ability to consult with Einstein has made him a better CEO. “I have the ability to talk to Einstein and ask Einstein everything from product areas that I should be focusing on, geographies that

Blockchain, Breaking, Business, Fintech, Microsoft, News, Technology Security, VR World

Big Business Moves into Blockchain: Acord, EY, Microsoft, Maersk

ACORD Solutions Group, accounting giant EY, technology giant Microsoft and the Maersk, the world’s largest shipping company have combined to launch the world’s first marine insurance blockchain platform. EY said that the distributed ledger will be used to capture information about shipments, risk and liability, and to help firms comply with insurance regulations. It will also ensure transparency across an interconnected network of clients, brokers, insurers and other third parties. “The reason we chose marine (insurance) as the starting point for this sort of market is mainly because of its complete inefficiency,” Shaun Crawford, global insurance leader at EY, told for CNBC. He added that

Blockchain, Breaking, Business, Cryptocurrency, Education, Fintech, News, Technology Security

Why is Cryptocurrency under Scrutiny? Hawala Explained

After the People’s Bank of China (PBoC) imposed a temporary rule that initial coin offerings (ICO) are illegal and that startups must refund all ICO investments to contributors, The Central Bank of Russia also said that it “monitors” the cryptocurrency market and is continuing to develop a regulatory framework for cryptocurrencies. There is a question though – what are central banks over the world exactly scared of? Russia’s central bank is against allowing cryptocurrencies or any related financial instruments within the Russian Federation. In that way, they reiterated statement from January 2014 which explicitly compared bitcoin to a “money surrogate”, rendering it illegal in the

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