Tag: lines

13
Oct
2020
Posted in computer

COVID-19 testing site at Alliant Energy Center reopens, long lines reported

Coronavirus graphic

MADISON, Wis. — The COVID-19 testing site at the Alliant Energy Center in Madison temporarily closed Tuesday afternoon.

The Dane County Sheriff’s Office tweeted about the closure around 1 p.m. citing a computer issue.

About an hour later, the agency sent another tweet saying the computer system was up and running again, but slowly.

Testing resumed with the computer system back up, but long lines were reported.

Dane County deputies are allowing people to park and wait if they choose, the post said.

Source Article

02
Oct
2020
Posted in technology

Embedded finance expected to blur fintech lines by 2030

  • Fintechs expect embedded finance to be a dominant trend by 2030, with big techs leading the charge.
  • This would open partnership and customer acquisition opportunities for fintechs.
  • Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here.

The fintech industry expects financial services to increasingly be embedded into nonfinancial platforms over the next decade, so much so that fintech will no longer be a distinct sector, per a press release seen by Insider Intelligence.

Fintechs' view on big tech firms offering financial services

Fintechs expect embedded finance to be a dominant trend by 2030.

Business Insider Intelligence


“Embedded finance” is a term for nonfinancial firms directly offering financial products and services to their customers while retaining complete control over the customer experience. The findings are based on the study “Fintech 2030: The Industry View,” by payments provider Tribe Payments, which surveyed 125 fintech executives.

Respondents expect big tech firms in particular to accelerate this trend, with fintech integrations powered by advances in machine learning, IoT, and automation.

  • Big techs will increasingly embed fintech offerings on their platform. Thirty-four percent of fintechs expect that big tech firms will become aggregators of bank and fintech services, as seen with Google’s checking account, where Google handles the consumer-facing front end while accounts are held by FDIC-backed partner institutions. And 24% of respondents go as far as to say big tech firms will compete on an equal footing with banks and fintechs, similar to what we have seen with Alibaba-backed Ant Financial in Asia.
  • Algorithms and data collection tech will power the shift to embedded finance. Respondents predict that machine learning (71%), IoT (49%), and automation (40%) will be the most important technologies, as these support nonfinancial firms’ access to financial services. For example, booking platform Campings.com has integrated