What do the software company Celonis, the listed air taxi manufacturer Lilium and the HR software company Personio have in common? All three are young and successful. And they all started out as start-ups in Munich.
The impact of artificial intelligence (AI) in banking is immense. Many different banking and financial companies keep themselves updated with recent trends. According to The Economist Impact, which regularly publishes analysis and research, 77% of bankers believe that the ability to unlock the value of AI will be the difference between the success or failure of banks.
Family Offices, known for their personalized approach to wealth management, are recognizing the need to embrace technology to improve efficiency, decision-making and long-term financial success. In this article, we will explore the specifics of implementing technology in the Family Office.
The overall financial services industry is enormous and very profitable. Over the past decade, fintechs have attracted more than USD 500 billion in funding. Since 2019, they have received roughly 20% of global venture capital outlays, attracting large amounts of capital from generalists, technology private investors, and hedge funds. Still, more than half the world’s population remains unbanked or underbanked, says the latest BCG Global Fintech Report 2023.
FinTech, short for "financial technology", has become an essential part of today's financial infrastructure as the world undergoes a profound digital transformation. FinTech is no longer just about mobile banking apps or online payment gateways. It has grown into a broad field that affects almost every part of our financial lives. Understanding the technical aspects of FinTech is essential for financial managers to stay ahead in this competitive landscape.
By getting into the electric car (EV) business, Saudi Arabia is now taking big steps toward diversifying its economy. India is now a big player in the race to build electric cars around the world after Lucid's first foreign EV factory opened there. There is a long-term goal for Saudi Arabia, and this move helps the country change and fits with that goal.
One of the biggest opportunities and fastest adoption rates of artificial intelligence (AI) is in customer service. Until now, a substantial part of human interaction was inevitable.
The world’s most innovative economies in 2023 are Switzerland, Sweden, the United States, the United Kingdom, and Singapore. Except for this, the latest Global Innovation Index (GII) identified Tokyo-Yokohama, Shenzhen-Hong Kong-Guangzhou, and Seoul as top-ranking in the category Science and Technology Clusters.

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