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Weekly Research Highlights – 25 May 2021

 

Dive into the newest figures on the topic of AI, embedded analytics, data utilization, digital payments, cyber security and more! Absorb the latest insights from fintech and stay up to date with current developments!

General principles for the use of Artificial Intelligence in the financial sector (Dnb.nl)

This paper provides basic background information on AI, as well as its current and future use in the Dutch financial sector. A number of general principles regarding the use of AI in the financial sector is proposed, which are divided over six key aspects of responsible use of AI, namely soundness, accountability, fairness, ethics, skills, and transparency. Read more

Why Embedded Analytics Is The Future Of Data Utilization (Sisense.com)

This report shows that embedded analytics across an organization or within customer solutions allow businesses to get more value and usage from data insights. The three most important phases to go through for successful implementation are: data proliferation, data processing and analytics infusion. Read more

Global AI Adoption Index 2021 (Filecache.mediaroom.com)

This report reveals that almost a third of the IT professionals say their business is using AI. 43% of businesses reported that their company accelerated its rollout of AI as a result of the COVID-19 pandemic. However, the lack of AI skills and increasing data complexity still remain as top challenges. Organizations are also burdened by the prospect of making sure the information is accessible, secure, accurately informing their business intelligence, and complying with emerging privacy regulations. Read more

Belgian population makes massive shift to digital payments (Payment Cards & Mobile)

The results verify the impact of the coronavirus crisis on the payment behaviour of Belgians and to trace the evolution of digital payments. After a year of the Corona virus crisis, 7 out of 10 Belgians become familiar with contactless card payments, a striking increase of no less than 50% since the start of the pandemic. While in 2019, 1 in 3 people had paid contactless at least once, this ratio rose to nearly one in two (47%) in 2020. Read more

FinTech funding in Singapore on track to recover after a slow 2020 (Fintech Global)

Findings show that fintech companies in Singapore raised $479m in the first quarter of 2021, across 39 deals. The top ten deals in Q1 2021 raised in aggregate $460.5m, which equals to 96.1% of the overall investment in Singapore during that period. The high levels of concentration of capital in large deals is normal given that the biggest deal during the quarter was responsible for nearly two-thirds of the total funding in the country. Read more

The Best Live Cyber Attack Maps (Cyberwarzone)

The cyber attack maps show a real-time feed of attacks which are being performed world wide. Read more

Digital 2021 April Global Statshot Report (Datareportal.com)

Results indicate that global internet users have grown by more than 330 million over the past year, reaching a total of more than 4.7 billion at the start of April 2021. There are 5.27 billion unique mobile users around the world, which means that more than two-thirds of all the people on Earth now have a mobile phone. More than half a billion new users joined social media platforms over the past 12 months, taking the global total to 4.33 billion. Read more

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