Most of us lock our doors and close our curtains at night. We are aware of the physical threats to our privacy and security, and take great measures to protect them. If we think of our digital privacy as a house however, we are far less diligent. In many ways, we’ve left the doors unlocked and curtains open.
Fintech
The acrimony between the United States and China has a technological aspect that could lead to a faceoff. This is the result of the underdog Chinese industries challenging the established American industrial complex. The winner of this standoff will dictate global economic activity for the foreseeable future.
PIN verification will soon become a thing of the past. Thanks to advances in fingerprint biometric technology, the reality of being able to authenticate a payment with a simple touch of the finger is set to explode across the globe. Whilst some countries remain conservative in terms of adopting this technology
Benjamin Franklin once said, “In this world, there is nothing certain but death and taxes.” I’d like to add one intertwined level of certainty – the modern staple. In fact, staples are killing worker productivity and they’re a major part of our tax process.
Financial technology, or fintech (FT), will affect investment banking (IB) by affecting the various lists of services that they offer. However, two concepts need to be clarified before these effects can be analyzed in detail. First, the scope of FT needs to be defined by the most recent technology.
Mobile payments hit the mass market in 2014 with the introduction of Apple Pay and was hailed as the next revolution in payments. Partnerships with major payment providers such as American Express, MasterCard and Visa meant that the innovation was anticipated to make a major impact on consumers straight from launch.
Over the past several years, the role of the chief financial officer (CFO) has changed dramatically. This is due to many factors, including the global financial crisis of the last decade, the emergence of big data, the changing technological landscape and the ubiquitous influence of social media.