Filtered by tag: FinServices

Can the Blockchain reinvent our world?
Posted: 20 April 2017 1 Comment

Futureworld tagged the Blockchain as a potentially massive disruptor many months ago. The evidence is building up that it will be just that, and not only in the world of financial services. Read on to discover how it is being used for everything from tracking blood diamonds to securing supply chains.

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Bitcoin’s foundations are reinventing more than money
20 April 2017
Blockchains are being used to trace blood diamonds, verify health records, and secure supply chains.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
New world of banking driven by social media and mobile
Posted: 20 April 2017

China's Alipay and Tencent are showing the world the value and scale benefits of integrating social media, mobile and e-commerce ecosystems to deliver new payment systems at very low cost but resulting in massive scale benefits.

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Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What i
20 April 2017
Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What it Means for Other Countries
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
The blockchain revolution
Posted: 4 March 2017

We;ve been telling our clients - across all industries - for more than two years now that the Blockchain is a deeply disruptive technology. Here are some of the latest developments.

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In Case You Missed it, The Blockchain Revolution's Officially Begun
4 March 2017
Two research labs in Japan and Scotland are being set up to research cryptography, smart contracts, and upgrading cryptocurrency systems.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
Fast cheap international money transfers a reality...for some banks!
Posted: 2 March 2017

I received USD12k into my account today. my banker has not yet called with an exchange rate and a credit to my account and hence it will be at least 24 to 48 hours before I derive any economic gain for the arrival of MY funds! Guess who will receive the value? In the meantime, Japan's banks can settle international money transfers in a second, and no doubt at a fraction of the usual cost!

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Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple | Ripple
2 March 2017
47 banks have successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform.
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
And it's happening!
Posted: 17 February 2017 1 Comment

We published the attached MindBullet only yesterday - and look at the news that has just been released in India.
https://www.cryptocoinsnews.com/state-bank-india-announces-financial-blockchain-consortium-bankchain/ ...

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MindBullet logo EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE
Who will lead the global chaincash system?
Dateline: 13 March 2019
Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing ...

EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE

Published on: 16 February 2017 2 Comments

Who will lead the global chaincash system?

Dateline: 13 March 2019

Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing innovation like this. An upsurge in nationalism and rejection of globalisation by America, Britain and Europe ...

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Setting exponential goals - Alibaba shows incumbents how to dream and execute!
Posted: 20 January 2017

With almost 500m clients Ant Financial, the financial services arm of Alibaba, its already a huge business, bigger than most global banks. Yet is seeks to quadruple its base in next 10 years to 2 billion customers! Most of the incumbents cannot even think at that scale and their systems simply cannot ever cope with that scale...Check mate ?

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Alibaba payments arm aims for 2 billion users in 10 years
20 January 2017
Ant Financial eyes sharp expansion in coming decade
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...

ENGLAND AND WALES KEPT OUT OF EUROPE FOR A SECOND TIME

Published on: 15 December 2016

Scotland's veto ensures their old British colleagues are refused

Dateline: 18 January 2044

In a blow for the aspirations of citizens of England and Wales, the island nation's hopes of joining the EEU (Extended EU) have once again been crushed. "It's a tragedy. Why can't the Scottish recognize that we have changed. The old generation that hated membership and never understood its benefits have died out. We're the generation that were stripped of a future," says Denis Franks, International Secretary in the Liberal government. "Nothing has changed," says Humphrey Dalfries, the Scottish ...

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Digital blockchain currency could boost British GDP 3%
Posted: 13 December 2016 1 Comment

Debates on the potential impact of the blockchain are occupying many minds around the world. Now the Bank of England reports that it believes a digital currency based on the blockchain could boost British GDP by up to 3%. Every business, and not just those in financial services, needs to pay serious attention to this technology.

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A 3% boost to GDP from blockchain? It’s a real possibility
13 December 2016
The Bank of England is seriously weighing the benefits of a digital currency.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
Cryptocoin similar to block chain kind of transactions?
Posted: 23 November 2016 1 Comment

I tried to learn and understand the difference between crypto coin and block chain digital payments

Kindly can i get some clarity on this?

Regards

Andrew ...

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MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably what they deserve, for years of fleecing consumers and investors. Most of us, at one time or another, have had that uncomfortable feeling of chagrin, when faced with a bank or forex dealer's spread of prices. "We buy US dollars at 0.89 euro ...
a thought provoking dystopian scenario!
Posted: 23 November 2016

this certainly highlights the potentially fatal social flaw in capitalism. Left to its own devices, it will boil our entire existence down to a net value. If Adam Smith is to be believed, then the individual optimisation of this net value should mean the greatest public benefit. But not without social bounds. Inequality is the cancer of capitalism, and if not dealt with would mean its ...

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MindBullet logo WILL YOU SURVIVE A BEER TRUCK MOMENT?
It all depends on your digital life value
Dateline: 30 October 2024
Last week's unfortunate multiple vehicle collision was unique in several respects. Not only was it the first time the OTTO beer truck was involved in a major collision, it was also the first 'test' of the Survivability Option System (SOS). Put simply, SOS allows participating entities, when alerted to an impending collision, to bid in real time to increase their survivability. Naturally this ...

LONDON WANTS TO SHANGHAI YOU

Published on: 17 November 2016

Now various city 'passports' are vying for your attention

Dateline: 4 March 2029

People used to compare and evaluate national passports in terms of what they offered and how many doors such a document would open for them. Now it's not so much about countries competing against one another; instead megacities are trying to appeal to skilled workers by throwing numerous benefits into the mix. The first signs of this revolution appeared in 2019 when, after Brexit, trade and financial services in London were allowed to attract foreign workers to their industries in exchange for ...

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WILL YOU SURVIVE A BEER TRUCK MOMENT?

Published on: 3 November 2016 1 Comment

It all depends on your digital life value

Dateline: 30 October 2024

Last week's unfortunate multiple vehicle collision was unique in several respects. Not only was it the first time the OTTO beer truck was involved in a major collision, it was also the first 'test' of the Survivability Option System (SOS). Put simply, SOS allows participating entities, when alerted to an impending collision, to bid in real time to increase their survivability. Naturally this all happens in nano-seconds, so it's driven by algorithmic parameters, not human thought processes. This is ...

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Social credit rating by government
Posted: 24 October 2016

At the beginning of the year we published this MindBullet about having a social credit rating in China, which could unlock privileges. But China also seeks to impose penalties for those who don't perform well on its big data score. Is this grand social engineering, and the very opposite of an open democratic society?

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China’s plan to organize its society relies on ‘big data’ to rate everyone
24 October 2016
The Communist Party wants to harness vast troves of online data to score people and companies on their behavior.
MindBullet logo OPEN SESAME TO THE GOOD LIFE
China's new social credit score for citizens starts paying dividends
Dateline: 15 April 2021
Yesterday was a good day for Mei-Hua Li. Her offer on her dream apartment was accepted, her internet speed got bumped up three notches (for free) and she ...
How to steal an AI
Posted: 4 October 2016

How do you steal someone else's deep learning algorithm that has been built up from thousands, perhaps millions of data inputs? Apparently all you need to do is build a machine learning system that quizzes the target AI often enough and voila! you can replicate it.

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How to Steal an AI
4 October 2016
Researchers show how they can reverse engineer and reconstruct someone else's machine learning engine---using machine learning.
MindBullet logo COGNITIVE SYSTEMS RULE, OK
Machines that think for themselves are taking over the world
Dateline: 22 February 2022
In our quest to develop smarter, more powerful, less power-hungry computers and devices, we have created artificial intelligence that rivals that of the ...
Dark side of Internet of Things
Posted: 5 September 2016

The internet of everything will be one of the main technologies driving the 4th Industrial Revolution, and it has already started. But smart devices also have their problems. Here are a few of the biggest challenges.

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4 major IoT challenges that stand in the way of success
5 September 2016
Heralded for driving positive transformations in consumer products, retailing, healthcare, manufacturing and more, the Internet of Things (IoT) promises a ...
MindBullet logo THINGS HOLD HUMANS TO RANSOM
A rash of incidents floods the world's networks
Dateline: 11 June 2019
I still remember at the turn of the millennium when the 'Internet of Things' seemed to be such a benevolent business opportunity. There were going to be ...
Virtual economies get real
Posted: 11 August 2016

Nine years ago, we wrote about an interface where you could fly around the world virtually, enter virtual copies of real-world stores, and buy goods. Well, it's finally happening. Alibaba is trialling a VR payment system. Who says we futurists can't think ahead of the game?

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Alibaba trials virtual reality payments for VR malls
11 August 2016
The virtual world just got a new payments technology and it’s as easy as nodding your head Chinese web behemoth and Amazon stalking horse Alibaba is ...
MindBullet logo GOOGLE EARTH WORLD'S SIXTH BIGGEST ECONOMY
Virtual world covers two-thirds of the 'real' world
Dateline: 7 June 2017
Google Earth's virtual online buildings, designed and built by the in-world residents, now cover most of the developed world and all major tourism ...
Computers that think like people
Posted: 4 August 2016

A while ago we published this MindBullet about cognitive systems, computers that think, and behave, like people do. Now IBM has advanced the progress towards these systems with the first artificial neurons that operate like those in our brains.

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IBM creates world’s first artificial phase-change neurons
4 August 2016
They behave like biological neurons, including low power usage and dense scaling.
MindBullet logo COGNITIVE SYSTEMS RULE, OK
Machines that think for themselves are taking over the world
Dateline: 22 February 2022
In our quest to develop smarter, more powerful, less power-hungry computers and devices, we have created artificial intelligence that rivals that of the ...

BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES

Published on: 28 July 2016 7 Comments

Say goodbye to forex spreads and broker commission

Dateline: 27 July 2019

The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably what they deserve, for years of fleecing consumers and investors. Most of us, at one time or another, have had that uncomfortable feeling of chagrin, when faced with a bank or forex dealer's spread of prices. "We buy US dollars at 0.89 euro and sell them at 0.98," might be the typical offering. That's a massive spread profit for simply performing ...

Complete story...
Moores Law on steroids?
Posted: 23 July 2016

Many suggest that Moores Law may be nearing its end, and the rate of technological change and hence disruption is coming to a welcome end. However others believe the journey is just starting! Best one buckles up then as the ability to store, manipulate and work with data at atomic level suggests that the rate of tech advancement is a long way from slowing down!

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World's Smallest Hard Drive Writes Data Atom-By-Atom
23 July 2016
Using this breakthrough technology, all the books in the world could be stored on a device the size of a postage stamp.
MindBullet logo DATA CENTERS DISAPPEAR, WEB SERVERS GO VIRTUAL
Amazon, Google and eBay dominate internet hardware
Dateline: 5 September 2009
Why buy cows when all you need is milk? Have you noticed how no-one buys any server hardware anymore? In fact, I can't remember the last time a company ...

Filtered by tag: FinServices