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The future of Digital Banking: it’s time to disrupt!

The BMI Lab Blog

Banking is ripe for disruption. As one of the main foundations of our economic systems, the banking system is a highly regulated environment. Every step a bank takes is always under close scrutiny since (fundamental) changes could have deep consequences on the overall economy. Nevertheless, banking is changing.

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Waiting can be expensive: why to invest in artificial intelligence.

mjvinnovation

market to reach $191 billion by 2025. For example, TD Bank recently worked to integrate AI into regular banking, such as mortgage lending and customer support. Data from a Markets and Markets survey estimate the AI ??market This article brings that reflection. Modernizes financial services.

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What’s New in Corporate Innovation – Dec 18, 2017

Imaginatik

Despite the potential for IoT to generate between $4T and $11T of economic value by 2025, it would seem that the IoT uptake has been stubbornly slow, with most of industries stuck at the proof of concept stage. In this piece, McKinsey consultants summarize the findings from a research study into corporate adoption of IoT technologies.

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Does AI Replace Human Work?

The BMI Lab Blog

The utilization of this trend does not stop within banks, insurances, or offices. dollars by 2025 the global artificial intelligence (AI) software market is forecast to grow rapidly in the coming years ( Liu, 2020 ). Every cognitive task where we need to think one second before execution can already be outsourced to AI today.

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Why the Finance Industry Cannot Ignore Fintech Any Longer

Daniel Burrus

Considering the speed with which technological change and digital disruption engulfed traditional industries, it seems a little strange for Deloitte to advise that it is unlikely that fintech companies will have more than 6% of the market by 2025.

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How hackathons can help you get started with blockchain

hackerearth

All members with access to the network can view and validate the transactions using cryptographic keys, without a third party, such as a bank. Many banks and other financial institutions are using hackathons to explore this emerging technology. The computers in the network are called nodes.

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Innovation: How to Recruit and Retain Top Millennial Talent

Idea to Value

As mentioned earlier, Millennials are projected to make up around 75 percent of the global workforce by 2025. [4] Census population estimates , the Pew Research Center stated in a April 2016 article that Millennials (who now number at 75.4 million) have surpassed the Baby Boomers (people ages 51-69 in 2015, who now number at 74.9

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