Elton John Remotely Plays Opening Of Street Artist Banksy’s New Walled Off Hotel In Bethlehem [Watch]

first_imgThe infamous street artist, Banksy, has recently branched out into the hotel business. With the opening of the Walled Off Hotel, the anonymous artist is now the proprietor of a fully function art hotel located in Bethlehem. The Walled Off Hotel features art from the famous artist as well as from local artists and allows guests to experience Banksy’s works in a unique context. The hotel also will regularly host musicians in their colonialism-themed piano bar. To kick off this new venture, Elton John was tapped to play the hotel’s opening night, which he did remotely. In the future, 3D from Massive Attack, Trent Reznor, Atticus Ross, Atticus Zimmer, and Flea will be playing the hotel. You can check out a video from Elton John’s performance below, and book reservations for the Walled Off Hotel on Banksy website here.last_img read more

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Survey Says: Digital services better members’ lives

first_img 20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions need to understand members’ demand to bank via their mobile devices, according to Fiserv’s 13th Annual Consumer Trends Survey.Today’s consumers are increasingly attached to their devices and want control over their finances in a way won’t interrupt their lives.“There is little doubt consumers need and want digital banking services. The only real question is who will be the first to deliver the solutions they want most,” the survey says.Digital financial services such as online and mobile banking, electronic bill pay, and person-to-person payments offer credit unions opportunities to deepen relationships.Members are ready to digitally connect to your credit union. continue reading »last_img read more

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USC and UCLA research heat control for devices

first_imgA team of USC and UCLA students, professors and scientists has discovered advancements in thermal management of microelectronic devices such as cellphones and laptops.  On Feb. 6, both universities released a paper in Science to discuss advancements found in their research on heat control of devices.“This technique is sensitive to the bulk material, not just the surface,” said Matthew Mecklenburg, a senior staff scientist at the USC Center for Electron Microscopy and Microanalysis. “Measurements of temperatures hidden inside a device will enable better thermal management, which means faster transistors and lower power consumption. Your cellphone will hold its charge longer.”The publication released information from team members, whom were led by Mecklenburg and Chris Regan, principal investigator of research at Regan Research Group at UCLA, Department of Physics and Astronomy.The research team consisted of USC electrical engineering doctoral student Rohan Dhall, UCLA students William Hubbard and E.R. White, USC Viterbi associate professor Stephen Cronin and Shaul Aloni of the Lawrence Berkeley National Laboratory.Currently, there is not a way to accurately measure the temperature of microelectronic devices.According to the team, materials can change volume depending on the level of heat released; therefore, if one were to measure the volume or density of the material, it is possible to measure the temperature.Members of the team tested this theory using aluminum because it has large thermal expansion. The group used a transmission electron microscope to shoot an imaging beam at the material to cause the charges in the aluminum to oscillate. Previously, the charge oscillations are known to change depending on the density of the materials, but had not been used to extract a temperature until now.Mecklenburg said that manufacturers are already using the transmission electron microscope to measure their devices’ sizes so the new technique can easily be used.“Every semiconductor manufacturer measures the size of their devices in transmission electron microscopes,” Mecklenburg said in a statement released by USC News. “Now, in the same microscope, they can measure temperature gradients in an individual device.”The new technique is called plasmon energy expansion thermometry. The advancement in heat control will help devices productivity and efficiency said Mecklenburg.The team will continue to test the technique and apply it to other materials such as silicon.Correction: A previous version of this story stated that the transmission electron microscope is used to measure temperatures. It is actually used to measure the devices’ sizes. The Daily Trojan regrets the error.last_img read more

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Australians ready to pitch at Tent City

first_img30 April 2010 In 2006, Australian soccer fan Steven Barnes camped in Munich for the Fifa World Cup, and in 2010 he will be one of over a thousand Australian soccer lovers who will call Durban’s Sahara Stadium home. Barnes, together with two friends, who will be staying in Durban for Africa’s first ever World Cup, said he was looking forward to the soccer frenzy that will grip South Africa in June. Australia will take on Germany at the Moses Mabhida stadium on 13 June, a clash that Barnes says he is looking forward to. And their fans have already marked their territory in Durban, famous for its warm weather throughout the year. Australian tour group Fanatics, responsible for the organisation of the tour, will be based at the Sahara Stadium, Kingsmead, where a camping village will be set up. The camp will open on 8 June and close on 30 June, and is close enough for a leisurely stroll to the new soccer venue. Transport options have also been included in the travel package, which includes match tickets. Getting to know the country Barnes said he chose the camping experience due to his phenomenal experience in Germany. “Munich was just brilliant. It was such a great atmosphere. There were just so many people around and it was fun,” he said. The Australian, who now lives in London, said he has only been to South Africa on a very short visit, but enjoyed it and is looking forward to coming back in June. Barnes has several friends in the country and, although he is keen to see them, he is equally enthusiastic about what Durban and the rest of South Africa has to offer. “I will be there for the football. But I am also looking forward to the game parks, Zulu battlefield tours and getting to know the country’s history and culture,” Barnes said. ‘Every eventuality catered for’ Thousands of Australian supporters will camp in tents, equipped with beds and eco-friendly lamps, and will use the stadium’s existing toilet facilities. Mobile units will be installed in the stadium for showering. Travel company Edusport will set up the infrastructure and manage the operations at the stadium, using expert companies to set up the camp sites and tents. Fanatics said all tents with their contents will be donated to local businesses after the tournament, which will aid the development of local tourism in KwaZulu-Natal. “Sahara Stadium Kingsmead is excited to be associated with this venture,” said stadium manager Brett Proctor. “The Fifa World cup in our country has provided diverse opportunity for many South Africans, and we at KwaZulu-Natal cricket are delighted to be hosting nearly 1 000 Australian soccer fans in this novel facility. “Logistically, every eventuality has been catered for, from ablutions, catering, entertainment, transport, security and garnering the necessary support from local authorities to give the stadium a clean bill when it comes to safety factors,” Proctor said. “Also, the support and approval from the Australian high commission has been appreciated.” Warren Livingstone, Fanatics tour organiser, confirmed that 1 200 Australians have already booked and “all the logistics have indeed been sorted out.” ‘Looking forward to the parties’ “With just under 56 days to go, the anticipation at the moment is massive. We are looking forward to the parties and mixing with the Durbanites,” Livingstone said from Australia. Livingstone added that the detailed planning was made easier by the KwaZulu-Natal Department of Local Government. “The support we received was great. Working with the KwaZulu-Natal government and the council was just great. We are very happy with everything”. Only those registered with Fanatics will be allowed onto the stadium. Other security features include patrolled perimeters on a 24-hour basis and security sweeps with sniffer dogs daily. There will be controlled access for cleaning and catering staff, and a safe deposit area for passports, laptops and other valuables will be provided. Subtle security in unmarked vehicles and plain clothes will be on guard, and the premises will be fenced off. “There is much available to these fans by way of food courts, concerts and big screen marquees, so that a party atmosphere will prevail for the duration of their visit. Probably many sleepless nights await us, but it should be a hugely gratifying three weeks,” Proctor said. According to Fanatics, Australians fans will be entertained by international music acts such as Powderfinger, Fatboy Slim and Electric Mary on the non-match days. Barnes, impressed with the Moses Mabhida Stadium, will be there to watch Australia lock horns with Germany. And, although having been in the United Kingdom for nine years, he joked that he would support any team against England. “I read a feature article about the Moses Mabhida Stadium while on a flight to Australia, and it looks amazing. The cable car and bungee jumping makes it all very exciting. I will be here cheering on my team and any team that plays against England,” Barnes said. Source: BuaNewslast_img read more

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Courts to protect SA’s water

first_imgThe Department of Water Affairs will belaunching courts that will address watercrimes that threaten the securityof supply to lawful water users.(Image: Graeme Williams, MediaClubSouthAfrica.com.For more free photos, visit the image library) South African Water Affairs Minister Buyelwa Sonjica announced on 11 August 2010 that environmental courts will be set up to address crimes that threaten the quality and supply of water.Sonjica, speaking at the Agri SA water conference in Johannesburg, said her department was concerned about the impact of deteriorating water quality in South Africa, as it’s among the most water-scarce countries in the world.She said the new courts would help deal with all water-related crimes, but that role-players in the agricultural industry should also come up with ways to protect the country’s water supplies. She named agricultural practices, mining and urban development as the main contributors to water pollution.“It’s a serious matter for us and you will soon be invited to the launch of the first courts because we want to strengthen our regulatory bodies in this regard. I understand that water pollution is one of the areas of great concern for the agricultural sector today,” she said at the conference.The Department of Water Affairs (DWA) will be working closely with the South African Police Service and the directorate of public prosecutions to address water crimes that threaten the security of supply to lawful water users, the minister said.She added that unauthorised or illegal water abstraction was also a problem, and the department was strengthening its enforcement capacity to deal with such offenders.She said 14 water-management inspectors had been recruited and trained, and that the capacity of the compliance, monitoring and enforcement directorate had grown significantly.“We will intensify this aspect of our work to ensure that we bring all offenders to book.”Incentive schemesTurning to the issue of municipal waste-water, Sonjica spoke about the Green Drop Certification Programme, which encourages municipalities to comply with drinking-water and waste-water legislation put forward by the DWA.Being awarded Green Drop status implies excellent waste-water management and a respect for the environment and the health of the community.“Currently we have more than 50 qualified assessors conducting consultative audits on the management of the waste-water treatment works to guide local authorities in the direction of excellence,” the minister said.According to the Green Drop Report (PDF, 1.22 MB), released in 2009, 203 of the 449 waste-water systems assessed scored better than 50% when measured against the set criteria for quality and management, while about 7.4% of all waste-water systems were classified as excellently managed.Sonjica said the department was well on its way in meeting the 2010 target of assessing all the municipal waste-water treatment works in the country.She added that the design competency of some of the waste-water systems was stretched to capacity due to population and economic growth, which compromised the quality and management of the waste-water systems.“Shortcomings in the local government funding model as well as the skills deficit in the labour market exacerbate the problem even further.”In closing, Sonjica urged the farmers attending the conference to work with the department to fight illegal water abstraction.“Without effective regulation, your water may dry up or the quality may deteriorate significantly,” she said.last_img read more

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iPhone Game Maker Apologizes for Stealing Phone Numbers, Calls Lawsuit “Meritless”

first_imgsarah perez Tags:#Apple#news#NYT#web A federal lawsuit filed on Wednesday is charging an iPhone development firm with collecting users’ cell phone numbers without their permission. The developer, a game-making firm by the name of Storm8, is the entity behind popular games like iMobsters, World War, Racing Live, Vampires Live, Kingdoms Live, Zombies Live and Rockstars Live, among others. The company has five titles ranked in the top 50 free apps list in iTunes and seven titles in the top 100. According to the pending class-action suit, Storm8 used a well-known backdoor method to “access, collect, and transmit” the wireless phone numbers belonging to their software’s users. Now the company has publicly responded to the suit by posting on their forums a sort of mea culpa as well as their plans to ask for a dismissal of the lawsuit due to its “complete lack of merit.” Download a Game, Give Up Your Phone NumberThe complaint, filed on behalf of Michael Turner (and available in its entirety here), states that all the games retrieved the user’s cell phone number and sent it over to the company without informing the user that this is being done. The suit also points out that there’s no reason for this to occur since playing an iPhone game doesn’t require the developer to have access to this sort of personally-identifiable information. While initially Storm8 claimed the harvesting of these phone numbers was due to a “bug” in their code, attorneys for the plaintiff were quick to point out that specific software code was required in order to retrieve the numbers – no bug could have done that. In other words, the collection was intentional. Storm8’s Response: We Erred, We Fixed It, Lawsuit is Meritless Now the company is changing its tune – well, a bit. Instead of calling it a “bug,” they’re claiming that the phone number collection was due to legacy code that was put in place very early on in the software development process as a way to identify specific devices. Later, the company decided to use the iPhone’s Unique Device ID (UDID) instead – a much more common and accepted practice for developers needing an identification method. UDID’s aren’t associated with a person’s name or phone number – they just identify the iPhone itself. However, even though the company changed methods, they didn’t remove the old code that performed the phone number collection. Storm8 claims that they did nothing with those phone numbers nor did they provide them to any other company. They also say that the database housing the numbers was destroyed in August after they were alerted to the issue. At that time, they took voluntary actions to update their applications to new versions with the legacy code removed. The company states that they plan to ask for a dismissal of the suit because no user “has incurred any damage or loss” as a result of their actions. Unfortunately, they may be right. As despicable as those actions were, the law may be on their side. According to legal news site FindLaw, the law requires that not only was a personal computer accessed, but that the computer was also damaged. Turner’s lawyer then will have to prove that Storm8 caused damage because it “impaired the integrity of the data stored on a protected computer.” Additionally, cell phone numbers are not considered “protected data” in the same way that social security numbers or bank account numbers are. In other words, despite how icky this privacy violation makes you feel, it may not actually be illegal.In our opinion, that’s terrible news. Of course we wouldn’t want this to start some sort of “sue the programmer” trend, but we do need to have more control over who’s doing what with the personal data stored on our mobile phones – especially if Apple isn’t going to look out for us in this case. Shouldn’t there be some way to punish developers who go after this private info without our knowledge – whether intentionally and maliciously or not? It seems like we have enough concerns over privacy issues these days, we shouldn’t have to worry if our iPhone apps are spying on us, too. 8 Best WordPress Hosting Solutions on the Market A Web Developer’s New Best Friend is the AI Wai…center_img Why Tech Companies Need Simpler Terms of Servic… Related Posts Top Reasons to Go With Managed WordPress Hostinglast_img read more

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Twitter Puts the Smack Down on Another Popular App: Whither Twitter as a Platform?

first_imgTags:#Analysis#twitter#web Related Posts mike melanson Facebook is Becoming Less Personal and More Pro… A Comprehensive Guide to a Content Auditcenter_img The Dos and Don’ts of Brand Awareness Videos This morning TwapperKeeper, the Twitter-based service that allowed users to create and export archives of Tweets around certain words or hashtags, announced that it would be shutting down a number of key features of the service to remain in compliance with Twitter’s Terms of Service. According to the company’s blog post, the archiving and API features will be shut down by March 20. While TwapperKeeper may be just one service among many to be forced into compliance, is its fate indicative of a larger movement in the Twitter ecosystem?“While we realize that these features are very important to many of our users,” writes TwapperKeeper founder John O’Brien, “this change comes at the request of Twitter to bring our service into alignment with the API Terms of Service…regarding redistribution and syndication of content.”The particular clause in the Twitter TOS (1.4.A) says that you will not “sell, rent, lease, sublicense, redistribute, or syndicate the Twitter API or Twitter Content to any third party for such party to develop additional products or services without prior written approval from Twitter.” According to O’Brien, this move by Twitter could signal that any service that engages in providing structured data not solely for personal use will be affected.“What I’m seeing is, anybody who is ‘syndicating’ content, ie allowing it to be downloaded and exported in any structured way, is running afoul of the terms of service,” said O’Brien. “If it’s in HTML, it’s fine. The minute it became structured it became a problem.”The End of An Era?Hacker Advocate, Web API geek, and @answerly developer Abraham Williams lamented the news, tweeting “RIP Golden age of Twitter -Twapper Keeper removes features/API because of Twitter TOS.”Has something indeed changed? Has the “golden age of Twitter” come to an end? Twitter has been cracking down on a number third-party services and features over recent weeks, with the official shut-down of the API whitelist earlier this month and last week’s crackdown on UberMedia. In its announcement that it had shutdown Twidroyd and UberTwitter, Twitter said that every day it “suspend[s] hundreds of applications that are in violation of our policies. Generally, these apps are used by a small number of users.” While TwapperKeeper may be just one of hundreds, it has been around for nearly two years with a number of users relying on its API and export features.So how might this be the end of an era? Williams said that things have changed for anyone considering a startup around Twitter’s platform.“Before Chirp last year and before Twitter bought Tweetie, few thought twice about building a company in the Twitter ecosystem.” said Williams, “With recent events I would more then think twice (probably think three/four times) before building a Twitter based company.”The Question Is, Why Now?TwapperKeeper got its start in June 2009 and has been offering API access for almost that entire time. O’Brien says that he even submitted whitelist requests early on explaining exactly the nature of his service. We asked Twitter about the situation and were told that it is a matter of its TOS and Twitter stability.“We ask all developers in the Twitter ecosystem to abide by a simple set of rules that are in the interests of our users, as well as the health and vitality of the platform as a whole,” said a Twitter spokesperson. “We often take actions to enforce these rules; in fact, on an average day we turn off more than one hundred services that violate our API rules of the road. This keeps the ecosystem fair for everyone.”On the point of Twitter’s “health and vitality”, Williams pointed out that if nobody can create their own API, then everyone has to use Twitter’s, which could put a much larger strain on Twitter’s API.In all, Twitter keeps pointing to this “simple set of rules,” but why hasn’t the company enforced the rules until now? Has TwapperKeeper simply flown under the radar for the past year and a half or has something fundamental changed? Is It So “Simple”?Favstar.fm founder Tim Haines explained that API access to Favstar is something that developers have been asking for, but Twitter has turned him down. Enforcement, he says, has been less than uniform.“I’ve casually asked Twitter if it would be okay to offer one in the past, and they’ve said no,” said Haines. “It’s a rule that’s not very well enforced at the moment, as a lot of services, high profile ones included, offer an API that makes Twitter information available outside the terms they’ve agreed with Twitter.”While Haines plans on continuing to petition Twitter for this sort of functionality, there is another service that we were pointed to by several sources that seems to stand in direct contrast of Twitter’s stated point. Twitoaster, a service that “threads and archives your conversations in real time”, offers an API and has publicly done so for some time. The service was created by Arnaud Meunier, who is now a Twitter employee. The key part of the Twitter TOS that must apply here is the “without prior written approval from Twitter,” though inquiries on whether Twitoaster had this approval went unanswered by both Meunier and Twitter. Whither Twitter As A Platform?In a guest post here on ReadWriteWeb yesterday, TextCapital founder Jeff Pester argued that Twitter is a utility and needs to “get off the fence and start acting like one.”The blogosphere is preoccupied with the notion that this is proof that Twitter is at war with the developer ecosystem and that it’s somehow manipulating the playing field to favor its own homegrown apps.But that discussion misses the larger point: Companies like UberMedia are attempting to profit directly at the presentation and consumption end of the stream infrastructure that Twitter has bought and paid for. In my opinion, UberMedia has the right to monetize “consumption environments” (its apps) that add value to end users. At the same time, Twitter deserves to be compensated for the utility it’s providing to UberMedia.The only issue here should be: Who gets paid and how much?The big problem now, of course, is that developers have been working in a certain system for years and some feel that the rug is suddenly being pulled from beneath their feet. At the same time, developers have pointed out that a more stable service with clear definitions on its rules can benefit everyone. Haines explained that, by shutting down services that don’t meet the TOS, Twitter can clarify its position to all – a position that has been stated rather simply, but enforced less so.“It’ll be good if Twitter is currently taking some time to clean up rogue services,” said Haines ,”and make it clear what they allow and what they don’t allow.”The more general and obvious trend in all of this is Twitter’s move toward monetization. When Twitter killed the API whitelist, the primary suggestion for services that required more historical Twitter data was to pay Gnip, the only authorized reseller of Twitter data. When UberTwitter and Twidroyd were suspended, Twitter just happened (perhaps it was a terrible, coincidental PR failure) to be promoting its own clients with promoted trends. O’Brien couldn’t help but reach a similar conclusion.“I’m wondering if tomorrow they’re going to be saying there’s an archive open,” said O’Brien. “I’m just speculating.” Guide to Performing Bulk Email Verificationlast_img read more

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Happy Birthday, ReadWriteWeb! A Look Back at 8 Years of RWW Designs

first_imgTags:#Admin#web Like many enthusiast bloggers, then and now, I started out doing everything myself – including the design work. The first proper design I did was in September 2003 and it was, believe it or not, green (well before the Other Green Tech Blog arrived on the scene). Even greener! The version below is circa May, 2004. Not my best tagline work… For posterity, here is today’s homepage design. And yes we will be doing a re-design this year, although I am rather fond of this design 🙂 Top Reasons to Go With Managed WordPress Hosting Today, April 20, marks the 8th birthday of ReadWriteWeb. Like a self-titled debut album, the first post on April 20, 2003 was simply titled: The Read/Write Web. It began: “The World Wide Web in 2003 is beginning to fulfil the hopes that Tim Berners-Lee had for it over 10 years ago when he created it.” I started ReadWriteWeb as a way to explore Web technology. The first tagline was: “Richard MacManus’ weblog about the Two-Way Web.” This was well before the term ‘web 2.0’ came along, so back then I used Dave Winer‘s term two-way web to describe my interest. I was really referring to what’s next on the Web, which I had a passion for and wanted to write about. Ever wondered what RWW looked like 8 years ago? In this post I nostalgically look back on 8 years of homepage designs for ReadWriteWeb.In 2003, it was just me, blogging in my proverbial pajamas after the day job (I was a Web Manager at the time). In 2011, ReadWriteWeb is a much different thing. It now has 17 people working for it, 13 of whom are full-time. And we’re looking for more. Yet it’s still based on the same principles: exploring new web technology with a passion. ReadWriteWeb was, and still is, focused on discovering and discussing what’s next on the Web. There are so many things different about the blogging environment in 2011, compared to 2003, that it would take an 8-part content series to list them all. Instead I’ll just note that ReadWriteWeb has always been a two-way experience. A big part of why I started RWW in 2003 was to network with people building and writing the new Web. In 2011, it’s two-way in a lot more ways. RWW readers can now tweet at or about us, have a conversation on our Facebook Page, comment on our site using a service that connects to other social media, and so much more. Not to be too pitchy, but we’re extending the two-way concept to ReadWriteWeb’s 4th event: the two-day long 2WAY Summit in New York City on 13-14 June. I’m very excited about this event, because it’s another way that RWW has extended itself since those humble beginnings in 2003. I’m also proud of the 6 channels that RWW now has under our umbrella, from ReadWriteEnterprise to ReadWriteMobile.Here’s a look back at some of the RWW designs over the years, starting from my own DIY efforts in 2003 to the much more professional touches of our tech stars Jared Smith and Tyler Gillies in 2011. When I started in April 2003, ReadWriteWeb sported the default template of Dave Winer’s blogging software Radio Userland. Why Tech Companies Need Simpler Terms of Servic… richard macmanus RWW went red sometime around November 2005 – and that’s been our color ever since! The image below is a later iteration of this: I wrote most of the following words 3 years ago, on our fifth birthday. But it’s as relevant today: thank you to all our readers, sponsors and supporters over the years. It continues to amaze me how many great people I meet through blogging, all over the world! A Web Developer’s New Best Friend is the AI Wai… Related Posts The foundation of our current design went live over Christmas 2007: This version is an iteration from January, 2005 and featured giant pencils. Those were from one of my favorite artists, John Baldessari and his exhibition READ/WRITE/THINK/DREAM (not where I got the name of the blog btw, that is explained in the debut RWW post). 8 Best WordPress Hosting Solutions on the Marketlast_img read more

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Secrets of Financial Applications: Traits of Fintech Apps

first_imgHow OKR’s Completely Transformed Our Culture Technology for financial services came about as a response to the challenge of making finance more straightforward and more accessible. Now, people are demanding that their transactions be fast, easy and secure — globalization has required to work at a broader, more rapid speed. Multi-currency digital payments are a norm, peer-to-peer lending is now more popular than going through a cumbersome application at a bank, and insurance claims can be filled out from your home within a few minutes. Financial institutions, banks, and brokers are adjusting to the demands of the public, striving to attract and retain customers by digitizing data.Regardless of the industry, we have to keep in mind that faster and easier is expected to translate into mobile. That’s why the most popular FinTech Apps are available in both mobile and desktop versions. If you’re planning on creating a fintech app from scratch and want to learn more about the most popular types and their common traits you will need to be ready to deliver both a desktop version and have your mobile optimized.Types of FinTech AppsThe broad spectrum of financial applications ranges from insurtech (technology for insurance), regtech (regulatory technology), money transfers, lending apps, payments, and trading — just to name a few. This explosion of new applications for financial services has shifted and revolutionized the way the entire industry does business. So, how your new app will break through in the industry? Tags:#Blockchain fintech#Fintech#FinTech Development What it Takes to Build a Highly Secure FinTech … China and America want the AI Prize Title: Who … Diana GonzalezMarketing Specialist at Scopic Softwarecenter_img Digital Payments: Today, people prefer to use mobile wallets instead of credit cards. Digital banking allows people to send money without using traditional banks and process payments more cost-effectively.Investment and Wealth Management: Investment solutions not only allow people to hold their assets in a single place but also manage their financial portfolios at will and from anywhere in the world.Lending: Applications for peer-to-peer consumer lending and B2B lending give consumers easy access to loans. Now users can access loans at only a fraction of the time it would take to obtain the same type of loan from banking institutions. Trading: Online trading apps have given anyone who has access to the internet the ability to invest in the market, monitor risk in real time and share knowledge.Personal Banking: Customers can now manage their money online. Banks and startups in this space are creating online wallets and profiles to maintain services to translate into a better and faster user experience.InsurTech: Insurance companies are also using digital solutions to provide a better customer experience. Users can perform activities such as acquire new services and fill out claims directly from the app at any time.RegTech: Regulation applications use machine learning and big data to constantly observe rules and carry out analysis that allows these companies to solve regulatory issues and challenges.Common Traits of Financial ApplicationsSo, what do these apps have in common? Although each type of fintech app will require its own set of user-friendly features, you can find these traits on all the applications that cater to the financial industry: PersonalizationFinance must take into account a delicate balance between offering services that apply to the masses and treating each customer with individuality – after all, money is a sensitive subject. That being said, fintech apps must understand their clients well enough to implement strategies and build applications that make each user feel unique. This is something a user doesn’t necessarily experience within traditional banking institutions, but with the help of technology like artificial intelligence, financial applications can now better understand the users’ desires and wants with real data. Finding a way to personalize an application for financial services makes transactions more enjoyable.IntegrationIntegration has two fronts when it comes to fintech apps: the capability of integrating with several other systems and cross-platform synchronization. Having the capacity to integrate with multiple applications is more of a necessity than a luxury for fintech apps. Both individual and business customers require a variety of services such as mobile payments, crowdsourcing or financial resource management services – unless an app is prepared to cover all their needs, it must be compatible with other applications to be able to exchange information.One of the biggest challenges with a system that supports multiple devices is the synchronization of state between devices or synchronization between numerous users. If you have a financial application that runs on multiple platforms, it’s suggested to have your setup shared between all these platforms and have a consistent experience.AuthenticationWith money being such a delicate subject and all, security takes on a key role for fintech apps. Building trust and confidence among the app’s user base and potential customers is of utmost importance; people will be wary of using a brand new app that doesn’t have outstanding security measures. Two-factor authentication is a good way of securing digital accounts. Two-factor authentication is the most widely-used security measure for these types of applications. Third party services such as Twilio Verify or Twilio Authy allow verification via SMS or a unique app that the user installs on their device. That way, they have full control over accessing the account. Blockchain Fintech TechnologyBlockchain fintech technology is on the rise and a must-have nowadays for these companies. Using this technology will create further confidence in the users as it is the building block for the app’s transparency. In essence, blockchain development does not allow a single transaction to be modified or deleted once it has been confirmed so any mistakes must be counteracted with another operation. Stock-trading apps and others use blockchain to track the complete lifecycle of a financial transaction, create secure financial products at minimal cost, and make financial services both functional and technologically sophisticated.Data Tracking and AnalysisRegardless of the type of fintech app, users want to be able to track and analyze their financial activities and transaction history. The users can track their financial movements and easily access their transaction history. Having the information accessible in a single dashboard and with graphics or visual representations always helps the user have a better experience online and allows them to understand fluctuations on their financial habits with reliable insights easily. Fintech applications have a bright future ahead and what’s to come is unpredictable, but one thing is a fact: big things are happening. We, for one, are ready for what’s to come. It only takes one significant idea to change the world to be part of the revolution of the financial industry by bringing your own idea to reality. Marketing specialist at Scopic Software where we craft and execute marketing strategies for companies in over 10 different industries. Blockchain – Impending Revolution in Glob… Related Posts last_img read more

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