Undeniably so, almost every aspect of our lives is seemingly attached to a form of technology which over the past decade has grown to a level of importance occupied only by necessities like food & water. Advancements have allowed us to harness the power of technology for betterment of our livelihoods, unimaginable lengths of communication across the planet, in various shapes & forms of entertainment and essentially, to push the boundaries of human exploration in all spheres. One such revolution, first conceptualized over 30 years ago in 1991 by Stuart…
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Adoption of FinTech and Challenges Faced by FinTech Firms
Financial Technology also known as FinTech, is a rapidly growing field that has reshaped the financial industry. This industry is presently considered as one of the popular fields, mainly because the financial technology has the potential and can get huge changes in the way they lead business. The increased adoption in mobile banking and other technological advancements, such as artificial intelligence and blockchain, cryptocurrency are examples of technologies aiming to make financial services more accessible to general public. AI is very important for financial services firm because their major goal…
Read MoreMust-know Challenges in Cybersecurity and Effective Solutions
In every 39 seconds, there is a hacker attack! Over 75% of healthcare sectors are affected by malware attacks. Retail, government and technology industries where personal information records are high, are popular target of hackers. Every statistic related to cyber-attack is alarming. The increase of digitization is also increasing the number of cybercrimes and already millions of people around the world are being affected by such attacks. The easiest or rather the only effective way right now to tackle this threatening situation is cybersecurity. It is said that there will…
Read MoreBIG Blockchain Intelligence Group Brings Security and Accountability to Cryptocurrency
BIG’s team and tools support cryptocurrency AML (Anti-Money Laundering), CTF (Counter Terrorist Financing), KYC (Know Your Customer) and OFAC efforts toward meeting traditional and anticipated regulatory and compliance requirements. Investors and financial institutions are using cryptocurrencies every day. That means Fintech and the Financial Sector need to know what’s going on behind the transactions. Fortunately, BIG Blockchain Intelligence Group (BIG) makes that possible. BIG provides trust and real-time risk mitigation through its comprehensive suite of tools and services for Fintech and the Financial Services industry. BIG’s team and tools support…
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