Filtered by tag: FinServices

India's PostBank bring high-tech to rural areas
Posted: 23 September 2017

Modern day Postmen...armed with micro ATMS, pedal (literally) hight tech solutions to rural areas across India.

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Your postman may soon become the point of contact for all your financial work. Read how
23 September 2017
India Post is targeting a dozen key bill payments, like school fees and utility bills, for those who arent familiar with operating an app on their own.
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 ...
Artificially intelligent art
Posted: 7 July 2017

Paintings created by an AI system have received the thumbs up from the public.

"The idea is to make art that is “novel, but not too novel”, says Marian Mazzone, an art historian at the College of Charleston in South Carolina, who worked on the system.

Mazzone and her colleagues at Rutgers University in New Jersey and Facebook’s AI lab in California modified what’s known as a generative ...

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Artificially intelligent painters invent new styles of art
7 July 2017
Big stylistic shifts in art usually come from genius painters like Picasso – but an AI is being trained to create unconventional pictures of its own
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 ...
Free cross-border payments with blockchain
Posted: 21 June 2017

Circle is now a payments company that doesn’t make money from payments. Using blockchain technology, Circle has launched a fee-free ethereum-powered cross-border person-to-person payments capability.

That sounds like a mouthful, and it is, but it's exactly the sort of development that we 'predicted' in our MindBullet from last year! When will banks wise up? ...

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Circle Launched Free Cross-Border Payments on Blockchain — When Will FIs Follow?
21 June 2017
Person-to-person payments have gained traction among banks and other financial institutions recently. Many of the incumbents, like Bank of America, Wells ...
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 ...

FAREWELL BANKS, HELLO BANKING

Published on: 15 June 2017

New players dominate financial services

Dateline: 26 August 2022

It was Microsoft founder Bill Gates who famously said in 1994 that we need banking, but we don't need banks. It's taken nearly 30 years, but he was dead right. Worldwide, financial services have moved out of the hands of traditional banks and into an array of mobile, FinTech and data companies. Some forward-thinking banks grasped the new world of collaboration and entered into early partnerships and have survived, albeit in a different form. Others have failed or, at best, become simply the ...

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Hacking the grid
Posted: 13 June 2017

We have published a number of MindBullets over the years, that examine the potential for cyber criminals or hackers to damage or destroy physical infrastructure, like the power grid. It seems the Russians or someone may have tested this capability against the Ukraine last year, with powerful malware known as 'Crash override' or 'Industroyer'. Remember Stuxnet? This is a lot scarier!

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Meet Industroyer - malware that can bring down a city's power grid - htxt.africa
13 June 2017
Researchers at ESET believe that Industroyer may have been responsible for shutting down power in the Ukraine last year.
MindBullet logo FREE APP, DOWNLOAD NOW: COMMERCIAL DESTRUCTION
It's the most dangerous malware ever developed, and it's available free to anyone
Dateline: 2 January 2013
During 2011 the Stuxnet worm targeted Iran's Natanz nuclear facility, specifically the Siemens components in it, and several other key industrial ...
Will financial services die as slow a death as media did?
Posted: 26 May 2017 1 Comment

With the increasing focus and investment into crypto-currencies and enabling technologies like block-chain, the future of traditional financial services looks challenging! We all remember the death of old media...and traditional financial services may be on the same path. Banks still spend vast sums maintaining systems almost as old as I am! Are banks capable of seeing and using the new tech? ...

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The Blockchain Will Do to the Financial System What the Internet Did to Media
26 May 2017
What we can learn from the evolution of another groundbreaking technology.
MindBullet logo BANKCHAIN FUELS THE VALUEWEB
The new digital network of business has a universal currency at last
Dateline: 9 March 2024
They've been around for hundreds of years, and they weren't just going to give up the ghost and disappear. Yes, I'm talking about the banks. A decade ago, ...

ONE BELT FOR A NEW WORLD ORDER

Published on: 18 May 2017

China leads the push for Globalization 2.0

Dateline: 4 July 2035

It's taken two decades, but the demise of the United States as top nation was predicted way back in 2015. Now China is firmly #1 in economic terms, and the west looks decidedly lower-middle class. The global power shift to the east has been driven partly by demographics, but also by China's determination to expand its sphere of economic influence, and to co-opt key nations en route. Central to this ambition was the 'One Belt, One Road' initiative, which links up dozens of nodes from Guangzhou to ...

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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 3 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 ...

Complete story...
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 ...

Complete story...
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 ...

Complete story...

Filtered by tag: FinServices