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APIs enable integration of various applications, connect people, systems, data and things, and simplify interaction between them. Enterprises can be transformed into platforms. However, Open APIs represent a gateway for cyber attacks. IoT, mobile apps, and the Cloud require companies to reveal their data to their employees, customers, and partners. The open structure of APIs simplifies…
Open API is shaking up the conservative banking sector. In the past, it was sufficient for banks to be present just with their branches and a homepage on the Internet. Meanwhile, the world has changed. Open API enables even small providers (e.g., numerous FinTech-Startups) to offer their products and services on the Internet and integrate…
Digitalization is currently conquering the insurance industry. Blockchain combined with ‘smart contracts’ is expected to revolutionize the insurance sector. written by: Anton Rykov Product Manager, Qulix Systems Digitalization is currently conquering the insurance industry. Blockchain combined with ‘smart contracts’ is expected to revolutionize the insurance sector. What if in the future, it will be possible…
A constantly growing competition and the need to keep pace with technological trends force banks to have an open mind regarding digital innovations. The banking industry has always tended to be conservative. Banks are usually very careful with any kinds of experimentations. At the same time, they can’t ignore them completely. The Blockchain revolution written…
By 2020, AI is expected to become a core component of the fund design process, particularly around trading authorizations and hand-offs with investors. Due to expanding digitalization the risk of fraud and hacking it will continue to grow. written by: Alexander Arabey By 2020, AI is expected to become a core component of the fund…