The Strategist
Innovation & Tools

Scientists: European AI development has to catch up with the US and China - 06/20/2018

To keep up with the United States and China in the field of artificial intelligence, Europe must follow the example of physicists who created CERN, and establish a scientific association CLAIRE in Europe, scientists from 20 countries call. Artificial intelligence (AI) will lead to cardinal social and economic changes throughout the world, and Europe. In order not to lag behind North America and...

IMF: Automation increases inequality - 05/24/2018

Automation is good for economic growth but bad for equality, say working papers of the International Monetary Fund (IMF). Increasing productivity with the help of robots leads to a fall in wages in the short term and results in an increase in the return on capital - both conventional and robotic assets. The further accumulation of capital increases demand for labor and leads to a long-term growth...

US to test commercial use of UAVs - 05/14/2018

The US authorities approved ten pilot programs, within which companies will be able to test commercial use of drones. The list of winners included Apple, Alphabet, Microsoft and Uber. The US authorities will monitor implementation of these programs and, on the basis of the data obtained, develop new rules for unmanned aerial vehicles (UAVs). On Wednesday, the US Department of Transportation...

Anti-counterfeiting: Oberthur Fiduciaire opts for technological artillery barrage - 05/09/2018

Watermarking is one of the most widely used identifying techniques in banknote printing industry, so as to discourage counterfeiting with the help of highly complex printing processes. Appearing under the form of cleverly-integrated patterns visible through various shades of lightness, watermarks are the result of decades of intensive R&D, shedding light on how the secure printing industry turn banknotes into symbols of national sovereignty and public power.

The ECB to check European banking system for vulnerability to cyber attacks - 05/03/2018

The European Central Bank (ECB) announced launch of a cyber security audit program for the banking system. In addition to full-time employees, the system will also be tested by hackers who will try to detect flaws by simulating real hacking attempts. Yesterday, the ECB announced commencement of the first pan-European program, during which participants in the financial market will be tested for...

Moody's: A digital revolution in the banking industry is coming - 04/25/2018

Moody `s rating agency published a study in which it says that development of modern banking technologies already has a revolutionary impact on the world banking industry. The agency's experts believe that those banks that introduce new technologies into their work attract more customers and get more growth prospects. On the other hand, those that hold onto traditional ways of doing business have...

Banco Santander introduced blockchain-based payments. What does it mean for the banking industry? - 04/23/2018

Recently, Banco Santander announced launch of a blockchain service based on Ripple technology to speed up processing of international money transfers. What does it mean for Santander, the banking sector, Ripple, investors and the future of the blockchain? Blockchain appeared largely as a result of inefficiency of the existing banking system. Financial institutions act as intermediaries and take...

Apple introduces new red iPhone 8 and 8 Plus - 04/10/2018

Apple introduced Red Special Edition for the iPhone 8 and the iPhone 8 Plus. Apple traditionally sends part of the funds earned by the Red program directly to the Global Fund to Fight HIV and AIDS. Apple introduced the red iPhone 8 and iPhone 8 Plus, the company says in an official announcement. Both models have a glass case with a tinted aluminum frame and a black front panel. From a technical...

Are blockchain and cryptocurrencies a danger to banks? - 04/03/2018

Blockchain and cryptocurrencies are changing the global financial system, making it more international and less centralized. Nobody knows how this will affect such traditional economic institutions as banks, pension funds, exchanges, public financial authorities. Some of them will take advantage of new opportunities and will succeed, but some may find themselves out of the job. If we talk about...

Japan opens a sustainable smart town of the future - 03/28/2018

The "smart" city of Tsunashima has been officially opened not far from Yokohama, Japan. A group of eight large Japanese companies, led by the technological giant Panasonic and the developer Nomura Real Estate and supported by local authorities, have been building the city for several years. Tsunashima is a smart metropolis of the future. Its territory consists of are a multifunctional office...
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