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The Internet of Things (“IoT”) is at the core of digital transformation in 2017, with 73 percent of executives either researching or currently deploying IoT. Manufacturing, transportation and utilities make up the largest percent of investments, while insurance and consumers represent the fastest areas of spending growth.
BON Cloud reports that according to Reuters UK, the Indonesian Meikarta Satellite City Project recently completed the open tendering of a construction contract. The contract is worth as much as RMB Yuan 69.37 billion (about USD$10 billion). An earlier report by Bloomberg News stated that US tech company Apple Inc. also installed its Southeast Asia R&D center in this satellite city. All indications are that the Indonesian government is planning a new industrial town and economic center in eastern Jakarta.
Objectway, a leading provider of investment management and digital software solutions to the worldwide financial services industry, announced they have ranked #86 on the 2017 IDC FinTech Rankings. The most comprehensive vendor ranking within the financial services industry, the annual IDC FinTech Rankings is based on 2016 calendar year revenues attributed to financial institutions.
Financial technology, an ugly duckling with modest beginnings in the back offices of fund management and insurance companies, has now emerged as the black swan called FinTech.
Covering everything financial from pay-as-you-drive insurance (and, scarier, pay-how-you-drive) to crypto-currencies, FinTech is now one of the hottest properties for VCs from Silicon Valley to Shoreditch’s Tech City.
FinTech is not just a single disruptive technology but an entire range of digital processes that are set to transform the historically staid world of financial services.
Instabank, often dubbed a ‘Challenger Bank,’ is among a new breed of financial services that is taking hold of technology to meet the increasing demand for simplified, digital-first banking experience. The bank is using Provenir’s technology to aggregate credit applicant data from structured and unstructured data sources, including credit bureaux and its core banking system, to provide customers with an instantaneous credit decision.
The new Solactive Intuitive BetaTM Indices constructed around intuitive themes such as workforce efficiency, corporate longevity and value investing are being rolled out. The Solactive Intuitive BetaTM is an innovative investment approach constituting the bedrock of a series of smart beta indices in which intuition, or gut feeling, takes a prominent role in defining the passive investment strategy.
Rabobank customers will as of today be able to use the IBAN-Name Check. The check helps to avoid incorrect transfers and fraud. The IBAN-Name Check has been developed by Rabobank and will also be made available to other banks.
ABN AMRO has invested in the innovative FinTech company Cloud Lending Solutions Inc.
