Financial Services Innovation and Data Science
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Rescooped by Robert McKenzie from BIG data, Data Mining, Predictive Modeling, Visualization
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Facial Recognition Analytics - When Algorithms Grow Accustomed to Your Face

Facial Recognition Analytics - When Algorithms Grow Accustomed to Your Face | Financial Services Innovation and  Data Science | Scoop.it
Companies are developing software to analyze our fleeting facial expressions and to get at the emotions behind them.

Via AnalyticsInnovations
Robert McKenzie's insight:

This is an emerging field and complements some of the post GFC analytics . e.g. people who take less than 3 weeks leave in 1 stint are more likely to have breached policies...add to that facial and voice recognition. A UK university was looking at IR camera's in immigration based upon the hypothesis that 'untruth' caused greater brain activity that could be picked up on an IR camera as a trigger for deeper enquiry. Sentiment++

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luiy's curator insight, December 1, 2013 9:30 AM

Ever since Darwin, scientists have systematically analyzed facial expressions, finding that many of them are universal. Humans are remarkably consistent in the way their noses wrinkle, say, or their eyebrows move as they experience certain emotions. People can be trained to note tiny changes in facial muscles, learning to distinguish common expressions by studying photographs and video. Now computers can be programmed to make those distinctions, too.

 

Companies in this field include Affectiva, based in Waltham, Mass., and Emotient, based in San Diego. Affectiva used webcams over two and a half years to accumulate and classify about 1.5 billion emotional reactions from people who gave permission to be recorded as they watched streaming video, said Rana el-Kaliouby, the company’s co-founder and chief science officer. These recordings served as a database to create the company’s face-reading software, which it will offer to mobile software developers starting in mid-January.

Ali Anani's curator insight, December 3, 2013 9:33 AM

Information from faces ans how to turn information into knowledge

Financial Services Innovation and  Data Science
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Post-Trade Clearing & Settlement Processing Optimization: An Opportunity for Blockchain?

Post-Trade Clearing & Settlement Processing Optimization: An Opportunity for Blockchain? | Financial Services Innovation and  Data Science | Scoop.it
This article talks about whether or not the post-trade clearing & settlement processing optimization is an opportunity for blockchain.
Robert McKenzie's insight:
The benefit description areas are accurate, the application to the Australian market accurate, the estimated timeframe of 5-10 years too long, this seems to be moving twice as fast
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Blockchain Needs to Go Commercial in 2016; Ripple Has a Head Start | Ripple

The opportunity for distributed financial solutions to reduce the friction in payments at financial institutions and large corporates is extensive.
Robert McKenzie's insight:
33% reduction in payment costs ..a good start ..Ripple vs Blockchain do we need to choose or is it as I think USE case by USE case.
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A Strategist’s Guide to Blockchain

A Strategist’s Guide to Blockchain | Financial Services Innovation and  Data Science | Scoop.it
The distributed ledger technology that started with bitcoin is rapidly becoming a crowdsourced system for all types of verification. Could it replace notary publics, manual vote recounts, and the way banks manage transactions?
Robert McKenzie's insight:
A more pragmatic approach to the topic of Blockchain with insight into the use cases and in effect a recommendation to use a Lean Innovation Approach . 

Solid
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Blockchain is the most disruptive invention since the Internet itself - not just in finance

Blockchain is the most disruptive invention since the Internet itself - not just in finance | Financial Services Innovation and  Data Science | Scoop.it
By now you are sure to have heard of Bitcoin and the blockchain technology. Even so, very few people seem to realize that the blockchain won't just kill banks, brokers and credit card companies.
Via jean lievens
Robert McKenzie's insight:
"Thinks of it as an operating system for interactions" great summary of the disruptive potential
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Know more about Blockchain: Overview, Technology, Application Areas and Use Cases - Let's Talk Payments

Know more about Blockchain: Overview, Technology, Application Areas and Use Cases - Let's Talk Payments | Financial Services Innovation and  Data Science | Scoop.it
This page talks about Blockchain concepts and its financial and non-financial use cases.
Robert McKenzie's insight:
At first look this seemed to be a repeat of a previous article howvever if you look deeper there is further insight into the start up community around blockchain and more non financial use cases
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How to Calm Your Brain During Conflict [Infographic]

How to Calm Your Brain During Conflict [Infographic] | Financial Services Innovation and  Data Science | Scoop.it
Learn how conflict affects us psychologically andhow to keep your cool and handle these situations rationally and effectively.
Robert McKenzie's insight:
When a persons heartbeat exceeds 100 BPM you are unable to fully understand what has been said..says a lot for my comprehension whilst cycling...
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Banking Industry Outlook | Deloitte US | Center for Financial Services

Banking Industry Outlook | Deloitte US | Center for Financial Services | Financial Services Innovation and  Data Science | Scoop.it
Learn how disruptive forces will impact this sector on a large scale and drive transformative, long-term change.
Robert McKenzie's insight:
Deloitte continue to evolve the excellent work they did with WEF last year . The observation I would make is that there it is not just financial services companies that will be disrupted but the entire associated ecosystem.For example solicitors, mortgage insurers etc etc
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Rescooped by Robert McKenzie from BLOCKCHAIN & FINTECH: The Latest Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance
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ASIC Chairman to Regulators: Don't Be Afraid of Blockchain Innovation

ASIC Chairman to Regulators: Don't Be Afraid of Blockchain Innovation | Financial Services Innovation and  Data Science | Scoop.it

ASIC chairman Greg Medcraft has spoken about the potential and promise that blockchain technology holds, urging regulators around the world to “start thinking about” blockchain innovation, during a recent industry meeting at Madrid.


Via DigiFinanceGirl
Robert McKenzie's insight:
The regulator weighs in , in favour of Blockchain ..another important stakeholder on board
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What We Learned About the Wealth Management Industry Last Year

What We Learned About the Wealth Management Industry Last Year | Financial Services Innovation and  Data Science | Scoop.it
The article contains learning about the Wealth Management Industry Last Year
Robert McKenzie's insight:
Robo advice is just getting bigger . The forecast from AT Kearney indicates that by 2020 there will be both an influx of new funds and a transfer from existing investments
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FundX: As Banks Fail on SMEs, There Lies a $240-Billion Opportunity for Investors

FundX: As Banks Fail on SMEs, There Lies a $240-Billion Opportunity for Investors | Financial Services Innovation and  Data Science | Scoop.it
The article talks about $240 billion opportunity for investors as banks fail on SMEs
Robert McKenzie's insight:
This is really interesting and in my view a better opportunity in Australia than unsecured peer to peer lending which compete largely with credit cards. With no 'junk' bond market and tight lending practices of the banks requiring collateral ..watch this space
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How will blockchain technology transform financial services?

How will blockchain technology transform financial services? | Financial Services Innovation and  Data Science | Scoop.it
This article first appeared on The Financial Times. 
Related Posts:
UK group claims blockchain breakthrough
European court ruling bolsters bitcoin
Have we reached a tipping point for tech...
Robert McKenzie's insight:

As important today as the Internet was 20 years ago...

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Why Wall Street Is Embracing the Blockchain—Its Biggest Threat

Why Wall Street Is Embracing the Blockchain—Its Biggest Threat | Financial Services Innovation and  Data Science | Scoop.it

The organization that ensures stocks traded on the market actually change hands is bullish on the blockchain. Here's why.

Robert McKenzie's insight:

A once in a generation opportunity to reimagine an industry , words from one of the most conservative parts of the industry in DTCC. 

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7 Asian Banks Investigating Bitcoin and Blockchain Tech - CoinDesk

7 Asian Banks Investigating Bitcoin and Blockchain Tech - CoinDesk | Financial Services Innovation and  Data Science | Scoop.it
CoinDesk looks at activity from Asia's biggest banks in the bitcoin and blockchain space.
Robert McKenzie's insight:

The pace of change in this technology is moving at warp speed.

Every major bank is now working on multiple use cases.

 

 

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WooTrader proves what startups can accomplish when they get the data they need - Quandl Resource Hub

WooTrader proves what startups can accomplish when they get the data they need - Quandl Resource Hub | Financial Services Innovation and  Data Science | Scoop.it
We recently spoke to Atanas Stoyanov, CEO of WooTrader, about his journey from a software programmer to FinTech founder. In 2007, Stoyanov sold his previous company, an Inc 500 firm that developed software optimization tools. He then turned his considerable programming talent to helping investors keep up with rapidly changing markets. He launched WooTrader, with the Continue Reading
Robert McKenzie's insight:
This is what the next generation of Robo advice needs to look like. 
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3 Companies Leading the Blockchain as a Service (BaaS) Revolution

3 Companies Leading the Blockchain as a Service (BaaS) Revolution | Financial Services Innovation and  Data Science | Scoop.it
This article contains insights on blockchain as a service (BaaS) and companies deploying the solution to experiment with the technology.
Robert McKenzie's insight:
Did the author miss Accenture and Digital Asset or do they believe it will stop at implementation and integration.
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Ethereum Used for ‘First’ Paid Energy Trade Using Blockchain Tech - CoinDesk

Ethereum Used for ‘First’ Paid Energy Trade Using Blockchain Tech - CoinDesk | Financial Services Innovation and  Data Science | Scoop.it
The Ethereum blockchain is being used by Transactive Grid to log energy created by solar panels so that it can be sold to neighbors connected to the grid.
Robert McKenzie's insight:
This is another great example of the disruptive effect of Blockchain. Imagine this connected to the Tesla home battery system ... community energy self sufficiency is a mere step away
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16-082MR ASIC consults on proposed guidance about 'robo-advice' | ASIC - Australian Securities and Investments Commission

Robert McKenzie's insight:
ASIC invites comment on their guidance for Robo advice . A sign that the industry is growing and gaining credibility

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jashmenn/bitcoin-reading-list

jashmenn/bitcoin-reading-list | Financial Services Innovation and  Data Science | Scoop.it
bitcoin-reading-list - a reading list for learning to program Bitcoin transactions
Robert McKenzie's insight:
Great list of resources related to Bitcoin


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Cutting through the noise around financial technology | McKinsey & Company

Cutting through the noise around financial technology | McKinsey & Company | Financial Services Innovation and  Data Science | Scoop.it
We estimate there are today more than 2,000 start-ups offering traditional and new financial services. Here's how banks should respond.
Robert McKenzie's insight:
Is this simply saying "if you can't beat them join them?"
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Analytics's curator insight, March 30, 3:23 AM
Is this simply saying "if you can't beat them join them?"
Arnold Haine's curator insight, March 31, 5:00 AM
Is this simply saying "if you can't beat them join them?"
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A Bitcoin-Style Currency for Central Banks

A Bitcoin-Style Currency for Central Banks | Financial Services Innovation and  Data Science | Scoop.it
The Bank of England asked researchers to invent a digital currency with a more centralized design.
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Rescooped by Robert McKenzie from The Blockchain Revolution
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Blockchain: Democratized trust: Distributed ledgers and the future of value

Blockchain: Democratized trust: Distributed ledgers and the future of value | Financial Services Innovation and  Data Science | Scoop.it

Trust is foundational to business, yet maintaining trust—particularly throughout a global economy—is expensive, time-consuming, and, in many cases, inefficient. Could blockchain applications become part of the answer?


Via Richard Kastelein
Robert McKenzie's insight:
One of the better articles on blockchain that covers the basics and then goes on to discuss a range of potential uses cases. 
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fintech-australia

Robert McKenzie's insight:
All of the research shows that Government support for Innovation is a critical enable . Kudos to the Government for this initiative

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Brett%20Scott.pdf

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United Nations Research Institute paper on blockchain exploring further use cases for the technology

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The growing potential of quantum computing | McKinsey & Company

The growing potential of quantum computing | McKinsey & Company | Financial Services Innovation and  Data Science | Scoop.it
The CEO of D-Wave Systems, Vern Brownell, explains how quantum computers are poised to solve important problems in industries ranging from financial services to medicine.
Robert McKenzie's insight:

Nice introduction to Quantum computing but don't expect one at home anytime soon

..they run at 10 degrees milli Kelvin in a vacuum (-272.9 Degrees C)...

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bitcoin.pdf

Robert McKenzie's insight:

The original bitcoin concept paper provides insight into the design details as well as being the start of a revolution ..

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