Money may not buy happiness, but the lack of it can certainly make life more difficult. Financial security can be a critical element in ensuring that you enjoy a good quality of life for your entire life. Unfortunately, as important as personal financial management...
Any money-making strategy is likely to be difficult when you’re first getting started. If buying and selling securities for a massive profit was as easy as mindlessly tapping buttons on your smartphone screen – everyone would be doing it. Although specialists can...
As inflation rates continue to spiral out of control, some of the world's regional powers are seriously considering the use of blockchain-based cryptocurrencies in place of traditional hard cash. While these currencies may fluctuate wildly in the manner of an...
Financial technology (FinTech) refers to new technology designed to improve and automate the use and delivery of financial services. Basically, fintech is all about helping consumers, business owners, and companies better manage their finances by using specialized...
Financial literacy is critical because it equips us with the knowledge and skills that are essential for successful money management. Personal finance can be a fickle thing and if you do not have the educational background regarding proper financial handlings you...
Understanding the financial health of a company can make or break investment decisions, inform funding efforts, and even give deeper insights into brand health. Thus, a productive way to look at how our own or other companies are doing is by looking into the financial...
Tackling tax can be much easier if you have the right software on hand to help you out. In fact this market has grown significantly in recent years, to the point that there are almost too many options to choose between. To help you narrow down the field, here are just...
The COVID-19 pandemic managed to turn the whole world upside down in a few months. The economy collapsed, and millions of people instantly lost their jobs. There’s still no vaccine in sight, which means coronavirus might be here for a long time—much longer than we all...
Whether you’re a first time founder or a seasoned entrepreneur, launching a startup comes with its own set of unique challenges. Building a startup requires a great idea, planning, funding and a bit of elbow grease. Lack of resources often leads founders to look for...
Working capital is an essential tool for understanding your business’ financial health and the ability for long-term growth. However, for many of us, it’s one of those terms that we hear a lot but never really understand. Working capital is the difference between your...
Singapore/Chennai, January 31, Crayon Data announced today that it will participate in Finovate Europe - one of the largest fintech events in Europe. Crayon will also exhibit and demo their flagship product, maya.ai at the event. Finovate is a global conference...
27/10/2019, Dubai: Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and business operations has been the centre of the continuous cycle of adopting and...
We all know about machine learning when it comes to Japanese droids or Rhoomba intelligent vacuum cleaners, but how is machine learning being used in finance and fintech? As you will discover, the use of machine learning is both prolific and amazing. We will soon look...
Ever since the inception of cloud-computing solutions, several sectors, including banks and Fintech, are slowly migrating to it. With numerous benefits, the cloud is turning out to be the ultimate storage option for your data. Even for personal storage, platforms,...
There is an ancient saying that money disappears faster than it comes. If you ask anyone who has handled the money of some sort, they will definitely agree with it. The moment the cash hits the hand or bank account, it starts looking at ways for leaving from there....
Small business loans traditionally come with massive origination costs attached to them. When you consider the revenue generated, they tend to have some of the highest relative fees for the lender. Smaller and mid-sized banks exist to serve their communities in part,...
We all know that running a business can be difficult - after all, there are a wide variety of factors you have to consider and keep up with. Depending on the size and overall infrastructure of your business, you may find it hard to keep up with the day to day tasks...
Actuarial scientists have made use of PCs ever since the first affordable microcomputers came on the market. This is one field where automation and AI are old news. What's making headlines in the industry, though, is the fact that cloud-based infrastructure is now the...
When someone talks about artificial intelligence or innovation, the last thing that comes to our minds is the insurance industry. The reason for this is because most people can’t find a relation between insurance and high technology, yet it is one of the first...
Technology has played a crucial role in enhancing the life of a consumer. Various sectors are reaping benefits, but finance is still not quite there yet. When it comes to financial services, traditional banks are hesitant to adapt to newer technologies. This is mostly...
Bookkeeping isn’t usually the first thing that comes to mind when you think about a business or startup. That may be true, but bookkeeping is something that you shouldn’t overlook. For most cases, it’s vital when you are maintaining your financial records even for a...
Maintaining stable finances is a core concern of almost every business, regardless of the size or type, because — unless you happen to be independently wealthy and willing to throw good money after bad — you can’t keep operating once your funds run dry. But it’s often...
As a college student, I have many places I need to be. Between my college classes, my dorm, restaurants, concerts, my family home, grocery stores, friends' apartments, meetings, hiking trails, local events, coffee shops, hot springs, sports games and an internship, I...
Blockchain is often associated with cryptocurrencies, and its application in other industries remains largely untapped. However, within a short period, technology has emerged as a key financial facility for small businesses. Bitcoin, and the blockchain technology that...
Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. FICO surveyed 50 executives from financial institutions across the region at the annual FICO Asia Pacific Fraud Forum held in...
Opportunities to make money on the stock market are everywhere, especially when you know where to look. Big profit buys, steady growth stocks and penny stocks to ride to the top are always the common go-to tactics for making your money through the market. Sadly, there...
![Growth and future of Fintech: From Wire Transfer to Blockchain [Infographic]](https://www.crayondata.com/wp-content/uploads/2019/02/banking1-1.jpg)
Fintech has proven to be the new technology and innovation that delivers not just improved, but faster financial services to the world we live in today. Apart from using the key factors of science and technology to boost financial services, Fintech has gone a long way...
![16 ways blockchain is changing the world [Infographic]](https://www.crayondata.com/wp-content/uploads/2019/02/blockchain-1.jpg)
Bitcoin came to us in 2009 as a creation of the anonymous person or persons known as Satoshi Nakamoto. It brought us the first cryptocurrency, a purely peer-to-peer electronic cash system. It inspired the invention of thousands of other cryptos (commonly referred to...
I interviewed Daniel McConaghy, President of FICO (Asia Pacific), a global leader in predictive analytics and decision management technology, with particular strengths in risk management and fraud management. Dan joined FICO in April 2010 as head of the Asia Pacific...
I recently interviewed Kenneth Shih, head of Sales at AQUMON, a Hong Kong-based robo advisor that delivers investing strategies to help investors obtain excess return and focus on long-term stable investment. Previous to his position at AQUMON, Kenneth was a Director...
Open banking is a major transformation for the financial services industry and will have a profound impact on all consumers. It's a framework where customers will consent to a secure sharing of their data across different financial institutions and third-party...
According to Microsoft, over 60 percent of banks in North America say that big data would offer them an advantage, but only 37 percent have experience with live big data technology. Most are still using experimentation and pilot programs to determine how to gather and...
91 percent of banks in the Asia Pacific (APAC) felt they lagged behind banks in the US and Europe when it comes to implementing artificial intelligence (AI) in their operations, according to FICO's latest survey. The remaining 9 percent indicated that they were at...
Blockchain has had an immense effect on our world so far, and it has more to grow. However, most people don’t consider the most obvious entity that will once be affected by blockchain - banks. As companies are developing blockchain solutions, banks could lose a lot,...
Finance teams lack the digital skillset to embrace the latest advancements in artificial intelligence, causing a negative impact on revenue growth, according to a new study from the Association of International Certified Professional Accountants and Oracle. The study...
Cybersecurity risks and future regulatory mandates keep more than 25 percent of corporate financial executives up at night, an increase from 22 percent in 2017, according to a survey of 575 attendees at the KPMG 28th Annual Accounting & Financial Reporting...
We are in an era when big data is driving almost every aspect of decision making related to business. Organization heads and other stakeholders now do not have to speculate because they can access data from different sources. This allows them to analyze and make...
Most people who aren’t in the industry don’t think about big data very much. What they don’t realize is what a powerful effect data and its related security concerns can have on our day-to-day lives. In particular, big data has a great deal of correlation with...
Predicting the future of different markets has long been a goal of those in the financial world. Whether looking at equities, commodities, derivatives or now, cryptocurrencies, there’s no lack of analysts looking to make the most informed moves today to be prepared...
On average, Bombay Stock Exchange (BSE), Asia's oldest and the fastest stock exchange in the world, generates a large volume of 400GB of data every day! It needed a robust and scalable data platform that consolidates data from multiple sources, shorten the time taken...
We recently interviewed Pankaj Rai, a well-known expert in analytics and banking and is currently the Senior Vice President Strategy at Wells Fargo. The former Analytics Director at Dell International Services, Pankaj shared his views on some of the hot topics in the...
Consumer behaviour cannot be so easily predicted from social media reactions like Facebook Likes and Twitter shares. There’s no real way to know. There’s a lot of noise out there. There’s a lot of data available, but it’s not powerful in prediction. “Let me give you...
Singapore-based AI and big data start-up Crayon Data presented its business solution - Maya, to Bahrain’s business and Fintech community at the first annual Demo Day of the accelerator programme - ACCELERATE ME, conducted by American Express Middle East in partnership...
Everyone in the media has been discussing how crazy the past year has been for cryptocurrencies and blockchain. Many commentators declared they were a passing fad as soon as the value dropped. However, these pundits don't seem to realize that the underlying blockchain...
![Customer engagement in the age of digital: Challenges and trends [Survey 2018]](https://www.crayondata.com/wp-content/uploads/2018/10/Survey-1.jpg)
The banking and payments landscape is fast evolving. With the emergence of digital banking and fintech, the sector is facing a massive shift in the way people bank. Changes in consumer behavior, disruptive technology, competition from non-banks, compliance pressure,...
The days of when an accountant hovers over an adding machine are long gone. Because, by the look of how things are going, the duties of the modern-day accountant may soon be taken over. With advanced technology comes more conventional methods. So what is the...
There’s a new era of banking and financial services on the horizon. With the emergence of digital banking and fintech, the sector is facing a massive shift in the way people bank. Advancements in technology, including artificial intelligence and blockchain, has...
A lot of emotions come into a person’s mind upon hearing the phrase ‘Forex Trading.’ A significant percentage of people consider it a way to get rich quickly. And an equally considerable lot consider it equivalent to gambling and a way to invite financial disasters....
Not very long ago, people saw a meteoric rise in the value of a virtual currency called Bitcoin. By investing in it, they became millionaires overnight. Suddenly, everyone wanted to own some and others were skeptical about its permanence as they thought that the...
The days of depending on banks and a limited number of high street forex brokers to carry out cross-border fund transfers are long gone. Now that this field is home to several FinTech players, sending money from one country to another is no longer as time consuming,...