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Interesting Blockchain Applications In Fintech?

Blockchain is one technology which is said to be bringing in a revolution on par with the birth of the internet. What started as a decentralising currency and assets is now disrupting every mainstream industry. Whether its fintech, healthcare, pharmaceuticals, insurance, digital security, enterprise SaaS — blockchain is everywhere today. Even the traditional BFSI stakeholders such as the large retail banks are deploying blockchain solutions for the robustness this technology brings to age-old systems when integrated in the right manner. As per a  survey on  the financial services sector and fintech conducted by  PWC , around 77% of the financial services industry plan on adopting blockchain by 2020. Banks constituting a third of the institutions surveyed have shown an inclination in incorporating blockchain in their operations as was reported by a study published by Accenture and McLagan (January 2017) So, the first question for the novice here is: What Is Block...

Invoice Handling Problems: How Best Practice Organizations Address them

Automation was thought of as being a panacea for the ills that plague the system of invoice processing. However, the system comes with inherent issues, such as duplication, an undesirable byproduct of technological glitches. Automation, unless done rightly, does not prevent erroneous payments from seeping through the system, leading to double payments whenever there is invoice duplication. So, how do organizations ensure that this fallacy is addressed and eliminate inefficiency in their Accounts Payable? How do they ensure compliance with the regulations and prevent fraud? This is the learning a webinar from Traininng.com, a leading provider of professional training for all the areas of regulatory compliance, is going to impart. Mary S. Schaeffer, Founder of AP Now, will be the expert at this valuable webinar, which is being organized on October 29. Please enroll for this learning by visiting https://www.traininng.com/webinar/invoice-handling-problems:-how-best-practice-organization...

UTILISATION OF IOT AND COMPUTER VISION IN PUBLIC SECTOR

The Internet of Things (IoT) has turned into a guide of digital transformation for some companies across industries. The disruptive innovation enables organizations to remain associated with their users to give a definitive customer experience. For instance, in view of the insights it can uncover, companies can come up with one of a kind, creative approaches to appreciate and impact customer movement including behavior and purchasing patterns. With that, they can change the way buyers’ access data while furnishing organizations with significant information which can help increase financial advantages. Utilizing IoT for activities, for example, predictive maintenance and resource management alone has the potential monetary impact of $4 trillion to $11 trillion by 2025. Out of the 8.4 billion devices everywhere throughout the world, just 1% are connected. Every year, the government loses 99% of the opportunity to be progressively productive, improve public security, diminish operation...

Electronic Payment Fraud Prevention Best Practices

As online and electronic modes of payment increase in their prevalence, it is a lot easier to transact with money matters than it was a few years ago. One doesn’t need to visit a bank or any other financial institution to make these. One can do so from the comfort of one’s own location. But wait a minute. While these improvements in technology have made our tasks easier, they also come with an inevitable side effect: the potential for fraud. Vulnerability is a byproduct of technology. It is almost inseparable from the benefits that technology brings. Not only individuals around the world, but even organizations are at the receiving end of various smart frauds that dot the electronic payment landscape. Ironical as it may sound, companies don’t have the same levels and layers of protection from electronic payment fraud as individuals. They have less than 24 hours to report the fraud, failing which their chances of recovering their lost money reduce dramatically. So, what is the way ...