It’s a fact that there are new technological trends that are currently revolutionising the financial markets. The term Blockchain has become an everyday word in practically everyone’s vocabulary, as it refers to the technology being used by the banking sector to reinvent itself.
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A traditional, basic approach in the problems of machine learning is to use a single determined algorithm or model in the implementation of a valid solution. This traditional method is based on creating a pipeline of all the processes that are covered by the development of this algorithm.
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Since September 1st, Fintech Finalbion moves to the avant-garde on innovation after implementing the Alvantia commercial financing platform into its own systems, backing up its disruptive business model with the most innovative technological solution on the market. Finalbion, who specializes in the financing of working capital, now operates under Alvantia platform, which has been implemented with huge success by Alvantia’s team and will be used by Finalbion from now on to manage their receivables and payables services, among others.
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As we know, women currently have very little presence in technology companies. However, recent studies show that companies would yield a much greater profit if they were to achieve equality: for example, if the UK were to increase the number of women to 30%, its economy would grow by 11 billion.
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Imagine that one day the clients of a small firm in the financial sector, whose products operate and are contracted online, cannot access their accounts, make transfers or even access the website. And they encounter the theft of their money, fraudulent use of their cards, movements of money to unknown recipients or misuse of their personal data. Without a doubt, the company would run the risk of incurring very high costs in order to deal with the claims, investigate what happened, repair the damage caused, restore operations, compensate for damages to third parties, regain the trust of its customers, etc.
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On 24 and 25 April, the 2nd South Campus Forum on Employment, Innovation and Technology Transfer was held at the Universidad Politécnica de Madrid (UPM). It was a gathering that allowed the students of the Higher Technical Schools of Computer Systems Engineering and Telecommunications to get to know first-hand the different scholarship and internship programmes offered by the participating companies.
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On 24 and 25 January, for the fourth consecutive year, Alvantia took part in the Supply Chain Finance Summit meeting held at the Grand Hotel Krasnapolsky in Amsterdam, bringing together the leading companies in the Reverse Factoring sector. The event, organised by BCR Publishing, had an ambitious programme focused on the latest trends in the SCF industry.
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• The launch of this platform completes the implementation of the bank’s new Confirming system, a project developed over the last two years
• The application, which is multi-enterprise, multi-currency and totally integrated into Liberbank’s systems, incorporates every commercial function and digitises physical transactions
As we saw previously in the first post, Fintechs (business players that combine ICT and finance) undoubtedly offer multiple advantages to consumers by positioning them at the heart of financial products and services. However, some concerns are arising with regards to regulation, supervision, compliance and security.
