FinTech is receiving the rewards of man-made reasoning as monetary innovation FinTech or Financial Technology is an innovation-empowered development in the monetary area. This can go from the monetary exchange the executives to misrepresentation busting. The combination between man-made consciousness and FinTech is immense. Further developed discernment and social re-enactment have guaranteed that computerized reasoning… Continue reading Artificial Intelligence in the FinTech World
The blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the blockchain to differentiate legitimate Bitcoin transactions from attempts to… Continue reading Blockchain & Retail: Uses, Benefits, Importance & Solutions
Banks and other financial institutions are increasingly demanding the incorporation of cryptography into their business strategies due to the rapid spread and institutional adoption of digital currencies. Read more
An audit trail is a record of all the steps taken during a process, usually in chronological order. In healthcare, audit trails are important for quality control and to help prevent errors. Read more.
We know how important is the KYC and AML process for financial institutions. Banks can’t be careless with the KYC process because this holds some of the sensitive information. Read more.
Trade Finance in its simplest form can be presented as the financial transactions, involving both domestic and international trade, that takes place between a seller and a buyer which is also facilitated by intermediaries such as banks and financial institutions. Read more.
While blockchain is already being used by many industries ranging from manufacturing, healthcare to real estate, or government application, one of the main industries that can benefit from this technology is trade finance. In this article, we will learn about trade finance, inefficiencies within the trade finance industry, and how utilizing blockchain can benefit trade… Continue reading Benefits of Blockchain in Trade Finance