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Tag Archives: Digital Transformation

IoT-powered transformation in the financial sector

The internet of things (IoT) has brought the financial sector to the forefront of digital transformation. Even the CEOs of both JP Morgan and Goldman Sachs have described their organizations as tech companies rather than financial institutions. The main innovation of IoT is that it allows for real-time data flow …

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Asian financial market benefits greatly from IoT

The internet of things (IoT) is transforming financial markets around the world, and Asian banks and insurers are benefitting greatly. According to a study by market research firm ReportsnReports, the size of the global IoT financial services market is set to grow from USD 249.4 million in 2018 to USD …

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lifecell building IoT infrastructure in Ukraine

Mobile operator lifecell has begun building the first segment of its internet of things (IoT) project in Ukraine, making use of LoRaWAN technology to do it. LoRaWAN is a data transmission technology that covers a large area and allows for fast data transfer between gadgets. The first stage of the …

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Sberbank joins IoT consortium

Sberbank has joined the Competence Center consortium, which is focused on wireless communications and the internet of things (IoT). The purpose of the Competence Center is to: Initiate IoT research Implement new scientific developments in business Facilitate the production of products and services Develop industry standards and educational programs The …

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Taking the internet out of IoT

SoftBank has completed the first-ever connection test in a commercial environment for non-IP data delivery (NIDD). NIDD allows users to transmit data to internet of things (IoT) devices without allocating an IP address. Not using an IP in transmission greatly reduces the risk of being subjected to a malicious attack, …

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State of IoT in Kazakhstan

In Kazakhstan, the internet of things (IoT) has been long-discussed. The state has even assessed the importance of this sphere, developing 9 fundamental standards in 2015 and 2016 as well as taking on several IoT projects. The state, through its choices in both standards and selected projects, has determined that …

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American company bringing IoT solutions to Uzbekistan

The American company Teoco is bringing internet of things (IoT) solutions to Uzbekistan and helping the country use technology to become “Smarter”. Previously, Teoco had worked in Mumbai on the ‘Smart City’ project, which placed sensors and cameras around the city and integrated them with social networks as a way …

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Infographic: the state of the internet of things

The internet of things (IoT) is simultaneously one of the most anticipated and least understood initiatives in modern technology. This infographic shows the results of a survey of 400 IT pros involved with IoT strategy and development. Top 10 digital transformation trends shaping 2020 Video: turning data analytics into excellent …

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Video: the internet of things is reshaping our world

The internet of things (IoT) is changing how we interact with the world around us. This video highlights how IoT has allowed analytics to be applied to massive amounts of data in order to enable new ways of working, sharing and living our day-to-day lives. 2018 IoT Intelligence Market Study …

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Walmart invests in cybersecurity startup

With the global cybersecurity battle growing increasingly sophisticated and merchants’ demand for personalized customer data rising, Walmart and other corporate giants have decided to invest in Team8, a cybersecurity think tank founded by former leaders of Israel’s top military intelligence unit. Team8, founded in 2014, is developing tools that would …

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NetGuardians brings its cybersecurity to Zimbabwe

NetGuardians, a Swiss cybersecurity specialist, is bringing its fraud fighting solutions to Zimbabwe’s Steward Bank (formerly TN Bank). Steward Bank will integrate NetGuardians’ platform with its core banking system, meaning that it will now be able to monitor all user behavior in real-time on its e-banking and mobile banking channels. …

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How FinTechs are reshaping development

The fusion of technology and the financial world is no longer limited to improving banking experiences as many new FinTech startups are using technology to create a brighter future in developing countries. By promoting social and economic development through the use of innovative tech solutions, FinTech startups are tackling some …

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The social impact imperative of FinTechs

The consumer financial system has an important role to play in achieve complex global goals such as ending poverty, abolishing hunger, moving to renewable energy and reducing inequality since the flow of capital affects every part of life. Even so, very few financial service organizations have made a true commitment …

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Forget why FinTech is good; here’s why cash is bad

Futurists like to talk about how the future will be cashless and how FinTech is ushering in this new age of digital currencies, contactless payments, prepaid debit cards and mobile wallets. But instead of focusing on the positives of going cashless, we should also consider why staying with cash is …

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Five countries getting rid of cash

Many countries are switching to a digital economy as a way to better fight shadow businesses and crime, increase control over flows of money and reduce the responsibilities that come with keeping cash in circulation. Here are five countries that are making the move to get rid of cash: Sweden …

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Cash vs card: Kyrgyzstan’s move towards non-cash payments

Kyrgyzstan has traditionally been a cash-based society, with many preferring the comfort of the familiar paper currency to digital alternatives. In fact, many Kyrgyzstanis are reluctant to use cards, mostly using them to withdraw cash rather than to pay directly for services with them. However, recent efforts to build a …

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Uzbek Muslims can now pay Waqf via internet, mobile devices

The company Click has partnered with charitable organization Waqf to provide Muslims the opportunity to make religious-based payments via the internet and cellular communication devices, meaning that Muslim users can now fulfill compulsory and other payments in accordance with the canons of Islam at any time and in any place. …

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Video: World FinTech Report 2017 findings

Take a quick tour of the FinTech landscape with this insightful video that outlines the finding of the World FinTech Report 2017. TBC bank — first one to use chatbot for communication with clients Open banking changing the landscape of the financial services industry FinTech lab to be created in …

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