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What Is Regtech in Banking, and How Does It Help Mitigate Financial Risks?

Regulatory compliance is a challenge for financial institutions nowadays. If you’re reading this article, you probably agree, just like thousands of entrepreneurs all over the world.   Where is that compliance lifeline everyone is looking for? It lies within financial RegTech. Now we know that the RegTech market is booming: with a market size of 6.3 billion USD in 2020, it will reach 16 billion USD in 2025 (Markets And Markets). What a huge leap!  The increasing number ...

The Ways Your Business Benefits From Distributed Cloud Implementation

They say it will be cloudy tomorrow! But it’s not about the weather and overhanging clouds in the sky at all. FinTech solutions are growing fast nowadays. How do you meet all business needs under cloud conditions? Such a high rate of upgrades exponentially increases the need for privacy and demand for access points from any part of the world. Today we’ll talk about the distributed cloud — a computing ...

Artificial Intelligence and Decision-Making: Use Cases, Integration, and Our Advice

Not so long ago, artificial intelligence was a tricky invention from fiction books and movies. Today, things have taken a different turn, becoming a part of business reality. We at CHI Software are exploring AI from various perspectives, applying it in numerous domains. In this article, we look closely at AI-based decision-making. In a Gartner survey, 65 percent of respondents agreed that their decisions now are more complex (involving more ...

Artificial Intelligence in the Retail Industry: Improving Shopping Experience

Retail has been using traditional methods in analytics and customer relations for decades. But it won’t last forever. What retailers (including your business) do need now is deep insights, allowing them to compete and grow their loyal audience. The best way to get it is to deploy innovative technologies, such as artificial intelligence (AI) and machine learning (ML). And it’s not just a random opinion. With 35% CAGR – this ...

Unstructured Data Management: Our Advice

Have you ever thought about the amount of data that surrounds you daily? How about the volume of data in your business life? Here are some staggering stats. Every second of 2020, Facebook users sent 150,000 messages, YouTube users uploaded 500 hours of videos, and Instagram users posted 347,222 stories (according to the Data Never Sleeps report). The question is, how is it possible to handle information you can’t control ...

How to Build a Medical Application: HealthTech Startup Guide

A smart healthcare solution can save time and lives — and these are not just big words. Tracking one’s health, consulting a doctor, and improving hospital infrastructure are just a few scenarios in which a medical app can be used.  Look at how our lives have changed with the global pandemic. People worldwide started using medical apps more frequently in 2020; in fact, the number of downloads number grew by 65 percent, according to Statista.  These statistics are reflected in the reality that more and more technical startups ...

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