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New AI Can Help Predict Heart Attacks Five Years in Advance
AI, Healthtech
By “harnessing the power of AI,” researchers at the University of Oxford have found a way to predict heart attacks at least five years in advance. Medical Xpress reports that researchers funded by the British Heart Association (BHA) have developed a new biomarker – or “fingerprint” – that spots cardiovascular red flags using machine learning. The biomarker, called the fat
HSBC Completes First Blockchain-Based Letter of Credit Denominated in Yuan
Banking giant HSBC has carried out a blockchain-based letter of credit transaction denominated in Chinese yuan, Reuters reports. The letter of credit involved Hong Kong-based MTC Electronics exporting a shipment of LCD parts and panels to its parent company, Shenzhen MTC, across the border. The transaction was reportedly done in 24 hours, a fraction of the five to 10 days
How Big Data Analytics Is Used In Stock Market
FinTech, AI
The scenario of the Stock Market is constantly moving as millions change hands in a second. Some of the people are getting highly rewarded while others are getting impoverished in this extensively dynamic market. What makes the winners stand apart from the rest of the crowd is the ability to predict online stock trading behavior on a given day or
Alan Howard Eyes $1 Billion Cryptocurrency Fund
Alan Howard, the man behind the hugely successful macro fund, Brevan Howard, is looking to launch a $1 billion fund of crypto funds. According to the Coin Telegraph, Elwood Asset Management, a digital asset management firm wholly owned by Howard, is looking to lure institutional investors into the crypto space by making something similar to a fund of funds. Like
Manny Pacquiao Launches World’s First Celebrity Cryptocurrency
Philippine boxing champion Manny Pacquiao has launched the world’s first celebrity cryptocurrency, according to the South China Morning Post. Pacquiao’s “Pac” token, which allows fans to buy his merchandise and interact with him via social media, was launched at the boxer-slash-politician-slash-singer’s debut concert in Manila on Sunday. It will be listed on Singapore’s Global Crypto Offering Exchange (GCOX) and it
E-Commerce Surges in Southeast Asia
Present growth trends and adoption of e-commerce in Southeast Asia are reminiscent of the United States in 1997. In that year, a young American company called reported sales growth over 800% 1. Two decades on, Amazon's growth story has become well-known and e-commerce has become a significant part of the U.S. retail economy. In Southeast Asia, a collective market
How Is AI Shaping Our Online Experience?
Every day, AI is changing the way that we experience the world around us. When we navigate to a website from a search engine, order a pizza online, buy a new sofa, or search for flight prices, Artificial Intelligence (AI) is shaping how we behave online. AI is changing the way that we live online, and consequently, how we experience
CB Insights Looks At How US Banks Bet On A Fintech Future
U.S. banks aim to leverage fintech in the payments, financial markets, data and blockchain spaces. “In 2019 YTD, U.S. banks have participated in 24 equity deals to fintech companies. This follows a record 2018, where U.S. banks backed 45 equity deals to fintech startups -- a 180% increase from 2017,” according to a CB Insights report released on Aug. 20.
Celebrity-Backed Insurance Startup Raises $60 Million
AI, Insurtech
Ethos, a Silicon Valley insurance startup backed by Robert Downey Jr., Will Smith, and Jay-Z, recently closed a $60 million round of funding, CNBC reports. The Series C Round was led by Alphabet’s venture unit, GV, and was participated in by Goldman Sachs. Existing investors Sequoia Capital and Accel also joined the round. Ethos offers term insurance but dispenses with
Japan’s SBI Holdings to Reward Shareholders With XRP
Japanese financial giant SBI Holdings has announced that it will be rewarding shareholders with Ripple’s XRP, the world’s third-largest cryptocurrency by market cap. According to The Block, the reward is part of an interim shareholder benefits program which is open to shareholders with 100 or more shares in the company. Eligible shareholders will receive 30 XRP coins, currently valued at