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Romanian AI Helps Farmers and Institutions Get Better Access to EU Funds - Technology Org
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Romanian AI Helps Farmers and Institutions Get Better Access to EU Funds - Technology Org
A Romanian state agency overseeing rural investments has adopted artificial intelligence to aid farmers in accessing European Union funds.
Gardening based on aquaculture technology. Image credit: sasint via Pixabay, free license
The Agency for Financing Rural Investments (AFIR) revealed that it integrated robots from software automation firm UiPath approximately two years ago. These robots have assumed the arduous task of accessing state databases to gather land registry and judicial records required by farmers, entrepreneurs, and state entities applying for EU funding.
George Chirita, director of AFIR, emphasized the role of AI-driven automation was groundbreaking in expediting the most important organizational processes for farmers, thereby enhancing their efficiency. Since the introduction of these robots, AFIR has managed financing requests totaling 5.32 billion euros ($5.75 billion) from over 50,000 beneficiaries, including farmers, businesses, and local institutions.
The implementation of robots has notably saved AFIR staff approximately 784 days’ worth of document searches. Over the past two decades, AFIR has disbursed funds amounting to 21 billion euros.
Despite Romania’s burgeoning status as a technology hub with a highly skilled workforce, the nation continues to lag behind its European counterparts in offering digital public services to citizens and businesses, and in effectively accessing EU development funds. Eurostat data from 2023 indicated that only 28% of Romanians possessed basic digital skills, significantly below the EU average of 54%. Moreover, Romania’s digital public services scored 45, well below the EU average of 84.
UiPath, the Romanian company valued at $13.3 billion following its public listing on the New York Stock Exchange, also provides automation solutions to agricultural agencies in other countries, including Norway and the United States.
Written by Vytautas Valinskas
#000#2023#A.I. & Neural Networks news#ai#aquaculture#artificial#Artificial Intelligence#artificial intelligence (AI)#Authored post#automation#billion#data#databases#development#efficiency#eu#EU funds#european union#Featured technology news#Fintech news#Funding#gardening#intelligence#investments#it#new york#Norway#Other#Robots#Romania
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GS Partners Under Attack Globally & in North America as Potentially Ille...
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The Future of Fintech: Trends and Predictions
Introduction:
Financial technology, or fintech, has revolutionised the way we manage our finances. From mobile banking to digital payments, fintech has reshaped the financial landscape. fintech news As we look ahead, it is evident that fintech will continue to play a crucial role in shaping the future of finance. In this blog post, we will explore some of the emerging trends and make predictions about the future of fintech.
1.Artificial Intelligence and Machine Learning: AI and ML technologies are set to become even more integrated into fintech solutions. best fintech podcast They will enhance customer experience, automate processes, and provide personalised financial recommendations based on individual preferences and behavior's.
2.Blockchain and Cryptocurrencies: Blockchain technology has the potential to transform various aspects of finance, including cross-border transactions, supply chain finance, and identity verification. Investing in Cryptocurrencies Cryptocurrencies are likely to gain wider acceptance as more governments and institutions adopt regulatory frameworks.
3.Open Banking: Open banking initiatives will continue to gain momentum, enabling consumers to securely share their financial data with authorised third parties. The Future of Fintech This will foster innovation, competition, and the development of new financial services.
4.Financial Inclusion: Fintech will play a vital role in bridging the financial inclusion gap by providing access to banking and financial services for the unbanked and underbanked populations. Mobile banking, digital wallets, and microfinance solutions will empower individuals in emerging markets.
5.Cybersecurity and Data Privacy: As fintech continues to evolve, ensuring robust cybersecurity measures and protecting customer data will be paramount. Innovations in encryption, biometrics, and fraud detection will be crucial to maintain trust in digital financial services. top 10 financial podcasts
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What Is Buy Now, Pay Later (BNPL)? How does it work?
First created decades ago, the concept of Buy Now Pay Later (BNPL) is the idea of consuming goods and services first and then paying post-consumption. It is not something new in society– in fact, it has been trending for years at local restaurants and eateries. Shopkeepers or owners practice this in a form of a ledger entry for every individual that would buy things and then collect the compensation at the end of every month. For this, the payee would diligently record all the purchases and send over the details. Individuals can tally them and return products that are not relevant while paying for the rest.
But one question that comes to mind is how it works on a larger scale and does the payee lose money on the interest by not getting the money immediately?
Before we move on to answer this question. Let us check a few quick facts.
Almost 10 percent of eCommerce transactions in Australia are paid using BNPL.
BNPL proved to be the fastest-adopted payment method in India and UK in 2020.
More than half of US customers prefer to use BNPL services.
It is estimated that BNPL will account for 12 percent of total global eCommerce spending by 2025.
Well, the facts show that BNPL is quite popular among customers across various countries. So what exactly is BNPL?
Buy Now Pay Later abbreviated as BNPL is an alternative digital payment method that permits customers to purchase goods and services without committing to the full payment upfront. By doing so, customers will get the leverage to immediately finance their purchases and pay them back in fixed installments over time. For example, a customer making a $1000 purchase gets the leverage of paying back in say four interest-free installments of $250.
These services are widely used by businesses, especially eCommerce retailers in order to increase conversion, and average order value while also reaching new customers. It is reported that businesses that use BNPL services have a 27 percent incremental uplift in sales volumes.
For more: https://fintecbuzz.com/what-is-buy-now-pay-later-bnpl-how-does-it-work/
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#BNPL SERVICES#BUY NOW PAY LATER#CUSTOMER EXPERIENCE#DIGITAL PAYMENT#FINANCE#FINTECH#FINTECH NEWS#PAYMENT
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Ivorypay partners with Tether to boost crypto payments in Africa
By Delisha Fernandes
Today
blockchain payments
Cross Border Remittances
crypto payment
Ivorypay, a blockchain-based payment and remittance startup in Africa, has announced a strategic partnership with Tether.
This collaboration marks a significant milestone as Tether will mint and issue USDT directly to Ivorypay, enhancing cheaper transactions, stability, and efficiency within the Ivorypay…
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#blockchain payments#cross-border remittances#crypto payment#Digital currencies#digital transactions#fintech MENA#Fintech news#Ivorypay
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The Magic of Fintech: A Beginner's Guide to Money Management in the Digital Age
In today's fast-paced world, managing money has become easier and more convenient, thanks to the rise of fintech. But what exactly is fintech, and how is it changing the way we handle our finances? Let's dive into the world of fintech and unravel its mysteries in simple terms!
What is Fintech?
Fintech, short for financial technology, is like having a digital piggy bank that helps you do all sorts of cool things with your money. It uses fancy technology, like computers, smartphones, and the internet, to make banking, investing, and paying for things as easy as snapping your fingers.
Blockchain in Fintech:
Ever heard of a magic chain that keeps your money safe from bad guys? That's blockchain! In fintech, blockchain technology acts like a super-strong shield, protecting your money transactions from hackers and keeping them super secure.
Financial Technology:
Imagine having a toolbox filled with gadgets that help you with money stuff. That's financial technology! It includes things like mobile banking apps, digital wallets, payment platforms, and investment apps, making money management a breeze!
Banking Fintech:
Remember the days when you had to wait in long lines at the bank? Well, with banking fintech, you can do all your banking right from your phone or computer! You can check your balance, transfer money, pay bills, and even deposit checks without ever leaving the comfort of your couch.
Fintech Brands:
Just like how you have favorite superheroes, there are fintech brands that are like the superheroes of money management! Companies like PayPal, Venmo, Cash App, and Acorns are some popular fintech brands that help millions of people manage their money every day.
Fintech Development Outsourcing:
Ever wonder how those cool fintech apps are made? Sometimes, big companies need help from outside experts to build their money magic tools. That's where fintech development outsourcing comes in! It's like hiring a team of tech wizards to bring your money dreams to life.
Fintech Startup:
Have you ever dreamed of starting your own business? Well, a fintech startup is like launching your own money adventure! Whether it's building a new payment app, creating a budgeting tool, or revolutionizing how people invest, fintech startups are the brave pioneers of money innovation.
Wrapping up
In summary, fintech is like having a magical friend who helps you manage your money smarter and faster. From digital wallets to blockchain technology, fintech is transforming the way we think about money, making it simpler, safer, and more accessible for everyone. So, whether you're a tech enthusiast, a finance whiz, or just curious about the future of money, there's something in the world of fintech for everyone to explore and enjoy!
#mobilepayment#fintechindustry#cryptocurreny trading#fintech industry#fintech#fintech startup#fintech launch#fintech news
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The financial services industry is undergoing a digital revolution, driven by advancements in technology. Fintech (financial technology) has emerged as a disruptor, transforming the way we manage money, make payments, invest, and access financial services. Behind the scenes, fintech software development plays a crucial role in enabling these innovations. In this article, we will explore the top technologies for fintech software development that are shaping the future of financial services...
#fintech#fintech news#fintech technology#banking software#fintech software development#custom software development#financial institutions#top technologies#top tech#top tech news#custom software#custom software design#software developers#software development#software devs
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How to see all of Dubai from the driver's seat of a stunning premium car - Technology Org
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How to see all of Dubai from the driver's seat of a stunning premium car - Technology Org
This city is considered by many to be one of the unique places on the planet. It attracts excitement and can surprise everyone around. The admiration begins with the historical monuments of Dubai and ends with outstanding modern wonders that would have been impossible to see just a few decades ago. When traveling to the most fantastic metropolis, you must calculate your time to visit as many unique locations as possible. We have a solution if you want to rent Lambo Dubai to take the most out of your adventure. Traveling around the Middle East with a luxury car will bring new vibrant colors to the overall journey. It guarantees an unforgettable experience that will last a lifetime. Such a vacation will be remembered for a long time, and the ultra-modern city has a magnet effect. It will make you come back to re-enjoy its majesty and beauty.
Rental service that is always in touch
Before making a trip, you should visit the company’s website to rent a car in Dubai. Trinity Rental is a professionally organized service with a vast fleet of the latest luxury cars. More than 60 models, equipped with the latest technology in the modern automobile industry, are ready to travel along numerous Dubai highways to testify to their passengers’ prestige and high status.
When getting acquainted with the Trinity rental service, you should pay attention to the following advantageous points:
a creative online resource that allows you to get a complete picture of the available models, prices, and rental conditions;
rental without a deposit;
lightning-fast paperwork, including insurance for all car-related issues that happened without the driver’s fault, and a full tank as a gift;
permissible mileage up to 300 km during the day;
payment using secure methods, including bank cards, cash, and cryptocurrency wallets;
system of flexible tariffs;
reliable support from a personal manager who will be able to help you with any car-related question and point to the best travel options;
delivery of cars to any place at the request of the customer, including airports, hotels, and shopping centers;
favorable conditions for long-term use of a car, as the more days you use the car, the lower the price will be calculated by the time of rent.
If you plan a full-fledged vacation for all family members, you can arrange a rental with a driver ready to get behind the wheel at the first call. This way, your time will be broadened to look for an option where everyone can get around the city and see the attractions they have on their wish list.
Conquer Dubai with Lamborghini
If a trip to the UAE involves a romantic getaway for two, then the Lamborghini Huracán EVO will help you drive along the best roads as a VIP. Very few global brands can boast a more brilliant reputation than this manufacturer. This car is beautiful in every detail — from aerodynamic upgrades to an exhaust pipe with titanium valves. A powerful 5.2-liter engine will instantly provide a way to quickly get from one attraction to another, such as a gorgeous singing fountain near the famous Burj Khalifa skyscraper. Every evening here will be marked by thousands of lights that light up to classical and modern soundtracks.
A car for traveling around a city known for its exoticism and luxury must correspond to the status of its owner. Trinity Car Rental will help you with this. We are ready to provide you with a Lamborghini Urus on the most favorable terms. The Italian SUV guarantees unsurpassed emotions, which are provided thanks to:
4-liter turbocharged engine;
all-wheel drive with rear-wheel steering;
the fastest accelerations;
interior with leather upholstery, a TFT display, and an all-around camera.
The car, combining ideal shapes with advanced technologies, will drive faster than the wind to the ancient Al Fahidi Fort, where the Dubai National Museum is located. This is a place where you can take a slight break from the overly dynamic city and immerse yourself in the cultural treasures of the Middle East. Collections of antique boats, expensive jewelry, and fabrics are presented here.
Arriving in the UAE with your children, you should not deny yourself the pleasure of having rented a luxury car. In a matter of minutes, you can go on an excursion to the largest aquarium on the planet. You can admire its beauty from a tunnel that extends along the entire length of a vast vessel inhabited by more than 33 thousand marine inhabitants. Photos and selfies taken in this fantastic place will become one of the most impressive memories of your stay in this amazing city.
A luxury car will provide a reboot in unrivaled Dubai
If you want to get away from the vast metropolis and feel genuine relaxation, you can get into a premium car rented from Trinity and go to the Persian Gulf coast in Al Mamzar. There is a park that includes several sandy beaches and everything you need for a beautiful holiday with children:
swimming pools;
entertainment areas;
training grounds.
Here you can enjoy beautiful scenery, feel the healing effects of sea breezes, meditate under the gentle sun, and gradually acquire an exclusive tan. Also, this is an excellent place for kids to run around freely and enjoy the much-awaited vacation.
An absolute contrast to what you see at Al Mamzar is guaranteed upon arrival at the Mall of Emirates. It may seem unreal, but there is a ski resort there. Its visitors are instantly transported to winter conditions and can go snowboarding or skiing. For connoisseurs of winter entertainment, cable lifts are accessible, and even winter clothes are available for rent.
Some will think that the best option for free time in Dubai would be healthy hiking or public transport transportation to exciting locations. Dubai can be considered a city with an ultra-modern transport structure. However, nothing can compare with the complete freedom and harmony that arises while driving a cool exclusive car, unconditionally obeying its tamer’s commands.
#amazing#attention#Beauty#brands#Cars#Children#classical#Collections#colors#cryptocurrency#display#effects#emotions#engine#entertainment#Fintech news#Full#Global#healing#how#how to#Industry#insurance#issues#it#Lamborghini#Light#list#magnet#marine
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Hottest Fintech news today - FinFan - 19/04/2023
Apple creates a new saving card with high annual percentage yield (APY)
Read more: https://bit.ly/HottestFintechnewstoday190423
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Investing for Women – Strategies for Building Wealth and Achieving Financial Goals
Women actively started joining the workforce in industrialized nations, and a huge boom was noted in their participation, especially in the 20th century. Even then, women were largely limited to poor status and low-paid jobs in the economy. They didn’t earn enough to even think of investing, it was at best a foreign concept to most. So the popular adage in the financial world that says ‘men invest and women save’ proves to be true for the most part. The situation in the higher education sector looked no different for women. Even top universities like Cambridge started validating degrees for women in late 1947.
Today, times have changed. Women have started acquiring C-level positions in the workforce. There sure still is a huge disparity between the percentage of men and women who occupy higher job positions in the workforce, but we’re getting there. The point is, women are still very new to the concept of investments. All they’ve ever had the money for was to allocate to necessities and save the remaining. Now that women do earn enough to start investing and building wealth, they also have to work on the risk-averse nature that stops them from taking any financial risk. The unique challenges and needs that they face in their entire life make it even harder for them to properly plan their retirement.
Crafting A Goal-Driven Investment Strategy
Having a specific goal can do wonders for your investment strategy. When you invest money with no distinct thought in mind you can sometimes be tempted to indulge in overspending. With a clear money strategy, you can get rid of this habit.
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#BUILDING WEALTH#FINANCE#FINANCIAL GOALS#FINTECH#FINTECH NEWS#INVESTING FOR WOMEN#INVESTMENT ADVISOR#INVESTMENT STRATEGY
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How Technology Has Helped Stabilise Finances
How Technology Has Helped Stabilise Finances
These days, modern technology is improving
to make our lives easier in many ways – especially when it comes to managing
our finances. The introduction of online banking, budgeting apps and online
lenders have all made it easier for us to stabilise our finances when we need
it most. Knowing how to manage your finances means that you are less likely to
fall into debt, it allows you to change your…
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Exploring Fintech: Simplifying the World of Financial Technology
In today's digital age, the term “fintech” is buzzing everywhere. But what exactly is fintech, and why is it gaining so much attention? Let's unravel the mysteries of fintech in simple terms that anyone can understand.
What is Fintech?
Fintech, short for financial technology, is all about using innovative technology to improve how we manage money. It's like having a toolbox full of smart gadgets and apps that make banking, investing, and paying for things easier and more efficient.
Fintech Technology:
Think of fintech technology as the superhero gadgets of the money world. From mobile banking apps to digital wallets and payment platforms, fintech tech helps us do things like checking our bank balance, transferring money to friends, or even investing in stocks, all from our smartphones or computers.
Fintech Management Consulting:
Ever wondered how big companies figure out the best ways to use fintech to boost their businesses? That's where fintech management consulting comes in. These experts are like financial wizards who help businesses navigate the ever-changing landscape of fintech, offering advice on everything from adopting new technologies to optimizing financial strategies.
Fintech News:
Just like we love keeping up with the latest gossip or trends, fintech news keeps us in the loop about all the exciting developments in the world of financial technology. Whether it's a new payment app, a breakthrough in blockchain technology, or updates on digital currencies like Bitcoin, fintech news keeps us informed and entertained.
Jobs in Fintech:
Interested in being part of the fintech revolution? There are plenty of cool jobs in fintech for tech-savvy folks. You could be a software developer building the next big fintech app, a data analyst crunching numbers to uncover financial insights, or a marketing guru helping fintech companies reach their audience.
Fintech Marketing Agency:
Fintech marketing agencies are like the storytellers of the fintech world. They help fintech companies spread the word about their products and services through creative marketing campaigns, social media strategies, and engaging content. Their goal? To make fintech feel less like rocket science and more like everyday magic.
Fintech Company:
Last but not least, fintech companies are the driving force behind all the fintech magic. From startups to established firms, fintech companies are on a mission to revolutionize the way we think about money. They're the ones developing cutting-edge technologies, disrupting traditional banking systems, and shaping the future of finance.
Wrapping up
In conclusion, fintech is not just about fancy apps or complicated algorithms – it's about making money management more accessible, convenient, and inclusive for everyone. So whether you're a tech enthusiast, a finance nerd, or just curious about the future of money, there's something in the world of fintech for everyone to explore and enjoy.
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