Hedge Funds That Use AI Just Had Their Worst Month Ever

UX, iot Chalk one up for the humans. Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The first equity correction in two years upended their strategies as once-reliable cross-asset correlations shifted. While computerized programs are feared for their potential to render human traders obsolete, the AI quants lagged behind their...

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The AI Hierarchy of Needs

Artifical Intelligence design UX Web IOT As is usually the case with fast-advancing technologies, AI has inspired massive FOMO , FUD and feuds. Some of it is deserved, some of it not — but the industry is paying attention. From stealth hardware startups to fintech giants to public institutions, teams are feverishly working on their AI strategy. It all comes down to one crucial, high-stakes question: ‘How do we use AI and machine learning...

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Could Google give fintech apps a needed boost?

Google Chrome Mobile FinTech AppFintech companies that have developed products for the under-served have a big challenge — reaching their intended customers. Google and the Center for Financial Services Innovation are hoping to change that. The tech giant and CFSI, a nonprofit dedicated to promoting financial health, have been collaborating on ways to help customers wade through financial apps in the Google Play store. They are also trying to guide developers on building...

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Deep Dive: Payments

Credit Card Digital PaymentNinety percent of Americans have used a credit card, but far fewer understand the underlying systems enabling their payments. So let’s dive in to see what happens when you swipe your card! Suppose you purchase some carrots from the grocery store. You take out your credit card to complete the purchase, and see a logo with “Visa” on it. That’s the card association. You’d usually see one of the four...

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Report Warns of Small Biz Loan Dangers

Small Biz Loan Dangers If you run a small business, you’re likely seeing a flood of offers for easy-to-get loans–through direct mail, popup adds, even TV ads promising fast money to pay your bills or buy new equipment You’re not alone. Alternative small business lending has exploded in the last few years as a new industry emerged, referred to as “fintech” (for financial technology). “It’s been the wild west,” said Karen Gordon Mills, co-author of...

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New Type of Banking Licence to Serve FinTech Startups

new finTech startup banking

US FinTech Sector Set to Grow as OCC Provides Avenue to Test

The OCC (Office of the Comptroller of the Currency), which is a sub-branch of the U.S. Department of Treasury, last year stated that it would look into granting financial technology (FinTech) companies with Special Purpose National Bank Charters. Since that declaration, it has now begun to actively engage players in the industry to...

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Banking UX Design Challenges and Opportunities in 2017

fintech-financial-technology-digital-staffing User Experience (UX) in banking is about human feelings, impressions and behaviours while using banking digital interfaces. For my UXDA agency the aim of banking UX engineering is to create financial services that matches users’ needs with banking capabilities and are easy and pleasant to use. So, let’s outline some general Do’s and Don’t’s in banking UX for 2017 and reveal how UX can help banks to enhance their customer involvement next...

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How Will Trumps Presidency Affect Silicon Valley and Tech Business

Silicon Valley Fintech UX Design Staffing

Policies Expected to Impact Global Trade, Fintech, & Immigration

Trump is set to join a handful of American presidents who have assumed power with a business background making their case for competency. This means that various sectors of the market will most likely be affected by whatever policies the president elect pushes forward, particularly the tech economy and Silicon Valley tech staffing. Read More...