Thousands of Businesses Are Affected By Technological Advancements

Technological innovations are changing the way countless companies work. It is customers in various sectors who benefit from these mostly customer-oriented developments. Today there are alarm systems that can detect toxic substances, medical devices that can save lives, and computer software that operates important health tools. The use of technology has brought about many changes in the financial sector in recent years. The ‘Global FinTech Report 2017’ by consultancy organization PwC shows that 77 percent of financial institutions want to invest more in innovation. In doing so, these companies aim to embrace the disruptive characteristics of FinTech. The underlying research shows that FinTech companies are a popular alternative for customers in making payments, transferring money, and taking out loans through alternative financing. In other areas, such as insurance and asset management, FinTech companies are less popular, but growth opportunities are certainly not ruled out. Specific areas where FinTech is most likely to disrupt and improve the customer journey are customer service, online banking, and fraud detection.

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Customer service

 

Perhaps the biggest change in the financial sector as a result of the rise of FinTech is visible in customer service. In the past, it was essential for any financial services provider to have a strong customer service team on hand. After all, this industry is all about money and as soon as mistakes are made, they have to be solved quickly. Emotions can also run high in financial matters. So it was essential to have well-trained staff. Today this is different. Chatbots are developing rapidly and are already getting along well with customers. Algorithms based on artificial intelligence are trained and then learn on their own without further human intervention. Over time, the robot gets better and better, until it becomes indistinguishable from a human. There are already several videos online from Google, among others, showing how a robot performs human actions. Like a robot ordering a pizza over the phone, while the person on the other end of the line does not realize that he is communicating with a robot. An AI algorithm may not have human characteristics such as emotions, but why pay people when robots can do the work for free?

Online banking

 

In the past, banking was an activity that took place offline. Consumers went into town to withdraw money, make transfers and arrange financial matters at their bank. It was normal to talk to ‘real people in a ‘real’ shop. After all, it was about money. So this must be done safely, they thought. Nowadays it is still very exceptionally necessary to go to the bank branch. Most people born in this century have never been to a branch of a bank anyway. Because why would you? With an app, you can easily transfer money, view your balance, trade on the stock exchange and make bill payments. These developments could disrupt traditional banks. And if banks do not go along with this transition, they run a great risk. If you still have to go to the bank branch at bank X to open an account, but you can do this at home from the bank at FinTech start-up Y, the choice is easily made.

Fraud Detection

 

Investigating and identifying fraud has traditionally been a collaboration between man and machine. The computer helped identify potentially fraudulent practices, but in the end, it was a trained employee who made the decision and checked everything by hand. Artificial intelligence, however, is developing so quickly that it goes beyond the capacity of humans – and can therefore detect and prevent fraud completely independently. An AI-powered system can view a customer’s credit history and determine whether a transaction fits or not. It can then be seen as fraud and action can also be taken in the form of blocking transactions or warning the customer. This can all be done faster and more efficiently than if an employee does this, which obviously saves costs. All in all, these are just a few areas where technology can profoundly impact the financial sector. The main form of disruption is therefore also progression. This progress means that the existing people and processes are gradually becoming redundant and need to be replaced. This is a long-term development and it could be years before people really become redundant in the financial sector. But it is clear that many employees of traditional banks fear for their jobs. However, it has been clear for a long time that technology is developing towards a tipping point where technology is more efficient than the people who developed the system. This point is getting closer and closer as machines become smarter, faster, and less error-prone.

Technological Innovations in Accident Investigations and Reconstructions

When local police officers arrive in a traffic accident scene, they have to investigate and gather important and accurate data in the quickest way possible. The good news is that there are now technological innovations that law enforcement authorities use in investigating, analyzing and reconstructing traffic accidents.

While there is a need to investigate, analyze, and determine the circumstances surrounding the vehicular accident, policemen at the site also have a compelling duty to complete their data gathering and investigation in the shortest time possible. That way, the roads can be reopened immediately and resume with the regular flow of traffic.

Traditionally, a trained police officer will be in charge of consolidating data to use in reconstructing the car accident. He will generate a triangulated and scaled sketch of the accident site using basic tools such as a 20-meter distance measuring device, a sketch pad, a pencil and a camera.

Advanced Techniques in Investigating and Reconstructing Traffic Accidents

Today, well-funded lawn enforcement offices use computerization and advancements in communication technology in conducting investigation and data collection in road traffic accidents.

The latest technology developed for this purpose involves the use of a drone. The unmanned aerial vehicle (UAV) is remotely operated to take full range aerial shots of the accident site by way of photographs and video footage.

Advanced models of drones have the capability to send the photographs and video directly to the PC hosting the traffic reconstruction software. The AI will in turn process the information to create 3D models. When footage of a surveillance camera is available, the AI will also use the information in creating 3D models not only of the accident scene but also in analyzing the physics involved at the time of the collision.

In using advanced traffic collision investigation technology, policemen at the site can immediately clear the road and get vehicular traffic moving again. Moreover, it will also take less time to produce a traffic reconstruction report that will make disputes over car accidents faster to resolve. Mainly because the 3D models can provide all the measures needed and the different angles of images collected as evidence of the car accident. The traffic reconstruction report can be generated in a matter of one to two minutes.

Importance of Accident Investigation Report and Accident Reconstruction in Resolving Car Collision Disputes

A traffic investigation report and an accident reconstruction of a car accident is useful in determining the driver at fault; working effectively toward the speedy settlement of any claims for damages.

However, there are cases when the insurance adjuster of the errant driver refuses to pay a reasonable amount of settlement, especially when there are bodily injuries involved. In such cases, the aggrieved party will be constrained to file a lawsuit in order to claim just compensation that may include loss of income due to hospitalization and/or other stressful situations caused by the car collision.

In such cases, the legal complainant or plaintiff will need more than a traffic reconstruction report to support the amount being claimed as just personal injury settlement. In case a plaintiff has limited financial resources, he can always consult with a lawsuit funding company if his personal injury claim qualifies for a lawsuit loan, just so he can pursue the litigation action until a legal judgment is rendered.

After all, lawsuit loans do not require fees. The amount of cash advance, will be collected from the plaintiff once the court orders the defendant to pay the compensation being claimed as just settlement. Moreover, lawsuit funding companies extend the amount advanced under a no-recourse agreement, which denotes that if the plaintiff loses, he does not have to pay the amount advanced by the lending company.

Still, there are other terms and conditions to consider before contracting for a lawsuit loan and its important to choose a lender wisely. Just like any loan or cash advance, payment of lawsuit loans also comes with interests.

Understanding APK or iOS-ASP as Prerequisite for Downloading a Mobile Casino App

In Southeast Asia, gamblers overcome the difficulty of accessing online casinos by downloading the dedicated mobile app of a specific online gambling website. To do this however, users of Android supported devices have to first download an Android Package Kit a.k.a. APK. iPhone users on the other hand, have to download the iOS App Store Package (ASP).

However, caution must be observed when obtaining APK or ASP files because they are also used as tools for downloading malware or spyware; or in some cases, may contain stolen applications — any of which, can put a smart device at risk. The best step to take is to download the APK or ASP from the official source recommended by the related mobile app developer, or to be specific, by the online casino agent.

Why is APK or ASP a Prerequisite to Downloading a Mobile Casino App?

In understanding why we need to install APK or ASP files in our device when downloading a mobile casino app, we must first know their function.

Generally, Google maintains a policy of not allowing or supporting gambling apps of unregulated online casinos and sports betting operators; including applications offered by affiliate websites run by online casino or sports betting agents. Although the most popular online casinos in Southeast Asian countries are operated by licensed and regulated online gambling operators, as far as Google Play Store is concerned, mobile apps are unregulated if deployed in countries that ban gambling activities.

iPhones on the other hand, cannot access any kind of mobile application that is not supported by the Apple Play Store.

Nonetheless, the way to go around such restriction is to first download an Android Package Kit (APK) for Android-supported devices; or the iOS App Store Package (ASP) files for iOS gadgets. An APK or ASP package contains the file format used by the Android operating system or Iphone operating system, in distributing and installing middlewares, mobile applications and mobile games.

Once the appropriate file formats are properly installed in a mobile gadget, smartphone users can then access and download the related mobile applications recognized by the file format, which otherwise would not be accessible to them in their respective country or region. Gamblers located in countries that prohibit gambling, will have direct communication with the online casino platform. At the same time, their gambling activities remain private and out of reach to gambling watchdogs.

Citing 918Kiss as Case Example for APK or ASP Use

918kiss online casino is one of the most popular online gambling sites accessed by millions of online gamblers across Malaysia, Indonesia, Thailand, Singapore and Brunei. The popularity of 918Kiss mainly lies on its trait as a regulated gambling platform. Moreover, the online casino is supported by major igaming proponents like Playtech, Real Time Gaming and Spade Gaming, all are licensed and certified fair and safe by gambling regulators.

Those looking to download the 918Kiss mobile app must first obtain the APK or ASP, whichever is applicable, from a trusted 918Kiss agent like esibet dot com. The agent’s website provides instructions on how to enable the appropriate fike formats in downloading the 918Kiss mobile app.

As a security procedure, a registering member must first make contact with a 918Kiss support staff, who will carry out the identification and onboarding processes. If no problem is encountered and the required deposit has been made, the 918Kiss support staff will provide the new online casino member with a password to use.

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As registered members of the 918Kiss online casino, the password will serve as the key for unlocking and accessing the broad selection of online casino slots and table games listed in the dropdown menu.

Technology progress – curse or blessing?

Technology sometimes evolves so quickly that it seems we have no control over its development. Their progress does not follow a technical but above all a social logic. What seems safe today may already be obsolete tomorrow.

New technology is constantly penetrating everyday lives: While inventions such as the railroad, the car, and even the telephone took decades to establish themselves across the board and to become a natural part of work and private life, the computer and the Internet made it to a large extent shorter time. Technical change is accelerating and with it the social change it has triggered.

Technical constraint?

Modern societies seem to be driven by technical innovations: You can hardly avoid them, but experience them as a kind of practical constraint that dominates you and dictates how you should use them. And companies such as Forex broker are literally forced to keep up with the enormous pace of the technological arms race, which is constantly generating innovative products.

The social construction of technology

A good example of this social logic is the history of the electric car: at the beginning of the 20th century, the electric motor was the most common form of drive until it was ousted by the internal combustion engine. Technically speaking, a lot spoke in favor of the electric motor. There were sufficient technical expertise and industrial know-how in the emerging electronics industry. In spite of this, an alliance of different interest groups finally pushed through the internal combustion engine. In addition to the wealthy townspeople who used the car for pleasure tours, farmers and country doctors, in particular, benefited from the mobile power source.

Technology assessment – a look into the future

The sociology of technology focuses on the social processes of technology construction and thus contributes to a deeper understanding of the interaction between technology and society. It also shows design options. It makes sense to think intensively about the possible social consequences of technology in the early stages of technical innovations. This is where the technology assessment comes in: It develops future scenarios – with the participation of experts and laypersons – and tries to anticipate possible opportunities and risks of new technology.