Search results
Results from the WOW.Com Content Network
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Information and communications technology (ICT) is an extensional term for information technology (IT) that stresses the role of unified communications [1] and the integration of telecommunications (telephone lines and wireless signals) and computers, as well as necessary enterprise software, middleware, storage and audiovisual, that enable users to access, store, transmit, understand and ...
This is a list of emerging technologies, which are in-development technical innovations that have significant potential in their applications. The criteria for this list is that the technology must: Exist in some way; purely hypothetical technologies cannot be considered emerging and should be covered in the list of hypothetical technologies ...
Founded in 1996, Rimes provides managed data and regulatory technology services for asset managers, asset services and institutional investors. Customers include HSBC, J.P. Morgan Asset Management ...
Financial industry departments such as risk management, product development, and marketing must also be included in the middle and back ends to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations.
Any specific information system aims to support operations, management and decision-making. [14] [15] An information system is the information and communication technology (ICT) that an organization uses, and also the way in which people interact with this technology in support of business processes. [16]
Meanwhile, supply chain finance initiatives emerged in the 1990s, but only began to impact the market after 2000. [22] Most recent developments have seen the rise of asset distribution providers, which seek to increase liquidity in the trade finance sector. [23] There is also a push to use blockchain in trade finance. [24]
The widespread adoption of ICT combined with the rapid decline in price and increase in the performance of these technologies, has contributed to the development of new activities in the private and public sectors. These new technologies provide market reach, lower costs, and new opportunities for products and services that were not needed before.