Weak AI

Financial advisors and banks combine information about their clients to be able to easily get a clear picture of that client’s finances. In addition, it adds an extra layer of protection for the client. Consultants and planners hit a wall when their clients don’t give them full access, and they claim it doesn’t give...

• Algorithmic trading is the use of algorithms based on processes and rules to apply trading strategies.

• The Application Programming Interface (API) establishes an online connection between the data provider and the end user.

• The black box model takes input and produces output, but its operation is unknown.

• Websites bill advertisers based on CPC, which is an online advertising revenue model.

• A data warehouse is a store of information over time by a business or other organization.

• Dematerialization (DEMAT) is the transition from physical certificates to electronic accounting.

• An eavesdropping attack is the theft of information from a smartphone or other device while the user is sending or receiving data over the network.

• The Electronic Payments Network is a financial clearing house that processes electronic funds transfers for the private sector.

• Fintech refers to the integration of technology into the offerings of financial services companies in order to improve their use and delivery to consumers.

• Geolocation refers to the use of location technologies such as GPS or IP addresses to identify and track the location of connected electronic devices.

• The term graphics processing unit (GPU) refers to a chip or electronic circuit capable of rendering graphics for display on an electronic device.

• A hierarchical deterministic wallet is a digital wallet commonly used to store the keys of cryptocurrency holders such as Bitcoin and Ethereum.

• HFT is a complex algorithmic trading in which a large number of orders are executed in seconds.

• High-speed data streams are ultra-low latency data connections that provide real-time information and execution for algorithmic and high-frequency traders.

• In-app purchase means an in-app purchase of goods and services on a mobile device such as a smartphone or tablet.

• Insurtech is the use of technological innovations designed to make the current insurance model more efficient.

• Knowledge engineering is a field of artificial intelligence (AI) that develops rules applied to data to mimic the thought process of a person who is an expert in a particular field.

• Material requirements planning (MRP) is the earliest computerized inventory management system.

• By making investing simple and painless, micro-investing platforms can help people who would not otherwise save for future investments.

• Mobile commerce refers to business or purchases made using mobile devices such as cell phones or tablets.

• Moore’s Law states that the number of transistors on a microchip doubles approximately every two years, even though the cost of computers is halved.

• Nacha operates one of the main networks that carries out electronic financial transactions between banks and payment service providers.

• Natural Language Processing (NLP) uses computer algorithms and artificial intelligence to enable computers to recognize and respond to human communication.

• Near Field Communication (NFC) is a short-range wireless communication technology that allows NFC-enabled devices to communicate with each other.