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Blockchain and Natural Resources: Enhancing Transparency and Traceability in Supply Chains

A natural resource's path from extraction to the final product can be long and complex. This lack of transparency can lead to concerns about

AI and Predictive Analytics: Optimizing Exploration and Extraction in the Oil and Gas Industry

The oil and gas industry is vital in our global energy landscape. However, exploration and extraction processes can be complex, expensive, a

NTG CLARITY NETWORKS INC. – Leading Canadian IT Services & Solutions Provider Making Significant Inroads in Fastest-Growing Economy in the G20

#research #technology

THE INFLUENCE OF DATA SCIENCE IN FINTECH

In the fast-paced digital era, where technological advancements continue to reshape industries, data science and fintech marriage has emerged as a powerful force driving innovation and transformation. This symbiotic relationship has revolutionized the financial sector and paved the way for unprecedented opportunities and efficiencies.

Unleashing the Power of Data

Data, often called the new oil, plays a pivotal role in Fintech. The financial industry generates vast data daily, from customer transactions and market movements to user interactions on digital platforms. With sophisticated algorithms and analytical tools, data science enables financial institutions to extract valuable insights from this sea of information.

By harnessing the power of predictive analytics, machine learning, and artificial intelligence, Fintech companies can make data-driven decisions with precision. These insights are instrumental in understanding customer behavior, identifying trends, and mitigating risks, ultimately fostering a more informed and responsive financial ecosystem.

Enhancing Customer Experiences

One of the primary impacts of data science on fintech is enhancing customer experiences. Through customer data analysis, Fintech companies can personalize services, recommend tailored financial products, and streamline user interfaces. This improves customer satisfaction and contributes to customer retention and loyalty.

For instance, predictive analytics can anticipate customer needs and preferences, allowing Fintech platforms to offer targeted and relevant services. This level of personalization not only makes financial services more user-friendly but also establishes a deeper connection between customers and their financial providers.

Risk Management and Fraud Prevention

In the financial industry, risk management is paramount. Data science equips fintech companies with advanced tools to assess and mitigate risks effectively. Machine learning algorithms can analyze historical data to identify patterns indicative of potential risks. This proactive approach allows for developing robust risk management strategies, reducing the likelihood of financial crises.

Moreover, fintech leverages data science in the fight against fraud. Advanced fraud detection systems use real-time data analysis to identify abnormal patterns and activities, enabling quick response and mitigation. This protects the financial institutions and enhances trust among customers who feel secure in their financial transactions.

Driving Financial Inclusion

Data science can potentially address longstanding challenges in the financial sector, particularly regarding financial inclusion. By leveraging alternative data sources and advanced analytics, fintech companies can assess the creditworthiness of individuals who may have been excluded from traditional banking systems.

This democratization of financial services ensures that a broader population has access to banking, loans, and other essential financial tools. In developing economies, where traditional banking infrastructure may be limited, Fintech powered by Data Science catalyzes economic empowerment and social progress.

Conclusion

The synergy between data science and fintech is reshaping the financial landscape, offering innovative solutions, improving efficiencies, and fostering financial inclusion. As technology continues to evolve, the influence of Data Science on Fintech is poised to grow, unraveling new possibilities and ensuring that the financial industry remains at the forefront of the digital revolution. This convergence benefits businesses and, more importantly, enhances the overall economic well-being of individuals and communities worldwide.

Xavors Agile Multi-Factor Authentication Solution

Xavor’s Agile Multi-Factor Authentication Solution https://www.xavor.com/blog/xavors-agile-multi-factor-authentication-solution/ Multi-factor authentication (MFA) software is a simple and effective way to ensure the users accessing your systems are who they say they are. Xavor’s Agile Multi-Factor Authentication solution allows you to introduce another layer of security when accessing Agile. When users attempt to log into Agile PLM, they are asked for an access code. The access code is then sent to the email address registered with their Agile account. Seamless integration with existing and future Agile users removes the burden on IT for managing user accounts. Integration with existing third-party MFA providers can be done seamlessly with Xavor’s Agile Multi-Factor Authentication solution. Here are some of the benefits and features of our MFA solution. Benefits and Features Agile doesn’t provide MFA out of the box. Xavor’s Agile Multi-Factor Authentication solution fulfills the need of enterprises to secure their access to Agile PLM with an additional security layer. Already registered email addresses in Agile are used to enable MFA—no need for setting up a new user profile. You have the option to skip the MFA for certain users or user groups. Advanced filtering based on some pre-existing information in Agile allows more granular control over prompts for MFA. Customizable duration of the access code expiry. Customizable text and error messages for login and MFA prompts. Integration with third-party MFA providers like DUO allows you to use existing solutions with Agile. Auditing and reporting functionality makes it easy to meet stringent compliance requirements. Administrators can report on authentication attempts and user activity. The Admin Panel allows administrators to exclude or include specific users. It also allows you to finetune the messages and timeouts for MFA. Supported for Agile9.3.4+ System Requirements Tomcat Version: 8.5 or above Agile Version: 9.3.4 or above Database Version: All versions compatible with Agile 9.3.4 – 9.3.6 Are you looking to enhance your Agile PLM with an incredible Agile Multi-Factor Authentication Solution? Drop us a line today at [email protected] to learn more about how Xavor’s Agile MFA solution meets your business needs. via Xavor Corporation https://www.xavor.com/ April 04, 2023 at 03:07AM

#Xavor Corporation

In this special Big Q, we're bringing back some surefire smart tips for the new year.

This Year’s Best Personal Finance Advice From the Pros

Through adversity comes an opportunity for growth. Technology will play a key role in helping leaders build resilience in their businesses.

Technology To Optimize For A New Global Reality

Market volatility means your long-term investing strategies need an update. If you don’t adjust to protect your portfolio, you could find yourself looking at some unnecessary market losses.

Long-Term Investments Require a New Approach

We've seen a new, top-secret prototype display technology that will soon be in TVs, phones and more.

This Next-Generation Display Technology Is Going to Change the World

As property management teams lean on new technology to improve operational efficiency, grow their businesses and meet customer expectations, three major trends are acting as driving forces: the Internet of Things (IoT), consumer fintech and remote work.

Three Trends Driving Proptech Innovation—And What Other Businesses Can Learn

In the last few years, the barriers to entry that have kept many Americans on the outskirts of the investment market, have come tumbling down. The onset of digital trading platforms and mobile investing apps has now made it easier for ordinary people to open and manage an investment portfolio. The investing landscape has seen some significant changes in recent years, with figures suggesting that more than 60% of young investors, those aged 18 to 34 years old, only first started investing as early as 2020 or later. In fact, the pandemic helped kick-start a new generation of investors and traders. According to a report by Deloitte, more than 10 million Americans opened a new brokerage account in 2020, leading experts to dub it "the year of the retail investor." The explosive growth of digital retail investment and brokerage services has also meant that finding authoritative help can be a challenge in itself. A recent LendingTree (NASDAQ:TREE) survey found that around four in 10 of the Gen Z population use TikTok for investment information. Even more, 35% of 13 to 20-year-olds turn to TikTok for personal finance and investing advice, according to Greenlight, a personal finance app for younger Americans. 1. Have a Plan for Your Money A good place to start is by planning what you want your money to do, and by this, I mean setting up a financial goal that you can follow.If you have a short or long-term financial goal on the horizon, you will have a better understanding of how to manage your portfolio, including what type of investments to include, the amount of risk exposure you can undertake, and how much of your returns you can reinvest in your portfolio. 2. Align Your Goals with Your Investment StrategySimilar to what we’ve just mentioned, having financial goals or investing goals will help to create an investment strategy that can lead you to achieve certain milestones throughout your investment journey. Look for assets that will help protect your portfolio against inflation and recessionary concerns. These assets are often hard to come across, especially if you are new to the game. Some retirement accounts, real estate, and Treasury inflation-protected securities (TIPS) can help level the playing field and counter stubbornly-high inflation. 3. Increase Portfolio Diversification and Risk ToleranceIn case you don’t know it yet, putting all your cash into one asset, company, or stock can exponentially increase your risk tolerance, especially at a time when market volatility is through the roof. Financial instruments are subject to different risk factors, and the more you plump up your portfolio with investments that share the same risk factors, the more you expose yourself to volatility. Market Risk Also known as systemic risk, this refers to the overall movements and changes of the stock market and how its trajectory will impact your returns. S&P 500 ETF ChartGeographical RiskThere are a lot of geographical risks currently floating in the market, as changes in political and social regimes and policies impact overall investment performance. Interest-Rate RiskFixed-income assets, such as Treasury bills and bonds, are affected by fluctuations in interest rates. Idiosyncratic RiskChanges in the fundamental and top-line performance of a company can alter the direction of its shares.4. Have a Modest Investment Strategy at First While higher-risk investments do tend to have better returns (although not always the case), it’s likely best to have a modest investment strategy at first before you look to add alternative financial instruments. Your strategy should include your financial goal and how you plan on achieving this goal through your investment decisions. If you have a decent amount of money to work with and are not scared to take the risk, consider where you can park your cask so that it delivers the best possible return. 5. Have Patience Building a Warren-Buffett-sized portfolio won’t happen overnight or within a week. Building a well-performing investment portfolio while managing it yourself means that you need to consider a few financial factors and calculate your risk. Additionally, you will need to research the different types of instruments you want to invest in and consider the guidance of other experienced investors. TipRanks' Expert CenterFinal Considerations The more comfortable you become with your portfolio and how to manage the different financial instruments, the easier it will be to include new assets that can help diversify your portfolio while also helping to give you just the right amount of risk exposure. Always consider how an investment instrument will benefit you and your portfolio, but more importantly, have a strategy that works with what you want to achieve in terms of your financial goals. Disclosure

Shabnam Pervez (MBPsS), thematic analyst at GlobalData, recently published an article on the future of accounting.

If your goal is to make an early exit from the workforce, you’ll need to do some careful planning and exercise significant financial discipline.

Start with an overall goal, understand tech’s capabilities, and benefit from collaborations that cloud-based tools allow.

#technology and analytics

The end of the year is a natural time for reflection and slowing down.

Ergonomics is often one of the most overlooked health concerns within the office. While there are OH&S regulations for lifting, moving heavy objects, and safety when working with chemicals and electricity, and there are guidelines for how long a person should be “sedentary”, there are no formal governance requirements for the chairs that people use, or their computer equipment.

#Technology #Innovation

Business leaders no longer have the luxury to wait when it comes to adopting AI in their companies. AI is all but certain to reshuffle the competitive order across every market.

#AI #Tech #Future

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