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AIG Plans to Move Billions Out of Its Hedge-Fund Investments
| February 12, 2016
Higos Insurance Services Ltd is one of the leading insurance brokers in the UK, specialising in the provision of personal lines and commercial lines general insurance products...
Article | February 26, 2020
Natural language processing, (NLP) is one AI technique that’s finding its way into a variety of verticals, but the finance industry is among the most interested in the business applications of NLP. In fact, according to our AI Opportunity Landscape research in banking, approximately 39% of the AI vendors in the banking industry offer solutions that involve NLP.
The platform economy is revolutionising the $50bn global deposits business. By separating the product provider and financial point of sale, banks can now choose whether they want to collect deposits for financing or offer deposits as a product, without one depending on the other. While the deposits business has not always been perceived as one of the most innovative areas of banking, it is now leading the charge towards a better connected and more functional industry. This is bringing massive benefits to customers and institutions alike.
Small businesses in emerging economies are notoriously underfinanced. Despite making up over 99.5% of the economy in Latin America, SMEs face a financing gap in the trillions of dollars. For example, up to 78% of small businesses in Argentina and 45% in Peru struggle to grow because of financial constraints. Numerous articles and institutional white papers point to the lack of trust between banks and SMEs as a major cause of this financing gap. Banks simply do not know how to accurately calculate small business risk, especially in volatile economies in Latin America, so they offer high interest rates or pass on providing credit altogether.
The coronavirus pandemic has been sending shockwaves through the global economy, impacting the finances of people across the globe. But the question that lies here should you worry about your financial future? Here at Wealthface, we would like to explain what you should do in this kind of situation.The rapid international spread of the Covid-19 coronavirus and the high rates of infection have spread fear across the world, affecting global economic activity. So, should investors be worried? How can they make sure that the viruses’ fallout avoids their portfolios?
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