[Fintech] AI-Based Digital Transformation Trends in Financial Services
Published2017.11.13 15:14This report is provided by TTA. For more information or to download the data, please refer to the link below.
Trends in AI-based financial services digital transformation
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The financial services industry is the most active in adopting hybrid cloud.
Nutanix announced the cloud adoption status and outlook for the financial services industry through its Enterprise Cloud Index report. According to a survey of current hybrid cloud adoption rates by industry, the financial services industry's hybrid cloud adoption rate was 21%, which was higher than the industry average of 18.5%. Financial services companies are facing the challenge of providing differentiated experiences to customers through methods such as leveraging emerging technologies like blockchain, while simultaneously simplifying operations.
2019.04.02by 이수민 기자
IBM Blockchain World Wire… Real-time global financial payment network expands to over 50 countries worldwide
IBM announced on the 19th the expansion of IBM Blockchain World Wire, a real-time global financial settlement network for financial institutions. World Wire was developed to accelerate and optimize foreign exchange transactions and cross-border payment and remittance speeds. Additionally, it integrates payment message transmission, clearing, and settlement procedures into a single network while supporting network participants in selecting various types of digital assets for settlement. Starting from the 19th, the payment service area will be expanded to 72 countries, including 47 global currencies and 44 financial endpoints. Busan Bank became the first domestic bank to join World Wire.
2019.03.19by 이수민 기자
MSIT and KISA to Achieve Transparent Donation Culture and Guarantee Reliability in Used Car Market via Blockchain
The Ministry of Science and ICT and the Korea Internet & Security Agency will launch a private-led national project for the first time this year to create an initial market for blockchain. This private-led national project, promoted as part of the Ministry of Science and ICT's blockchain development strategy, is an initiative that supports the development of blockchain services applicable to real-life use cases and facilitates early commercialization based on creative ideas from the private sector. Through an evaluation committee composed of private sector experts, three consortiums were selected as preferred negotiation partners after careful evaluation of feasibility and the degree of improvement through blockchain application. Following technology consultations and agreement execution in mid-March, a project worth a total of 8.7 billion won is scheduled to commence.
2019.03.04by 이수민 기자
Cyberattacks in 2018: Ransomware Declines, Cryptojacking Increases
Ransomware used in cyber attacks declined significantly over the past year, while the number of cryptojacking attacks nearly doubled that of ransomware attacks. According to a report released by IBM X-Force Security Research on the 27th, cryptocurrency-related cryptojacking cyber attacks showed the largest increase over the past year. In the fourth quarter of 2018, attempts to install ransomware on devices decreased by 45% compared to the first quarter, while the growth rate of cryptojacking attacks reached 450%, an increase of more than four times during the same period. This indicates that as cryptocurrency prices surged last year, hackers illegally mined cryptocurrency using victims' computers and generated profits through this activity.
2019.02.28by 이수민 기자
Akamai and a leading Japanese financial group have jointly launched a blockchain-based online payment network.
Akamai will establish GO-NET, a joint venture company with Japan's Mitsubishi UFJ Financial Group. Through this joint investment, both companies plan to not only expand their cooperative relationship but also provide a new blockchain-based online payment network that strengthens next-generation payment security and enhances scalability and response speed. Akamai has demonstrated BaaS technology through decades of experience accumulated in developing and building globally-scaled distributed systems, along with industry-leading performance and security services. Mitsubishi UFJ Financial Group leverages its global influence and expertise to provide financial services on a worldwide scale.
2019.02.18by 이수민 기자
