Software Engineering Insights

The modern tech-savvy consumer has a horde of on-demand utility services available directly on their smartphone. A natural byproduct of the market demand for such services is the app-based money lending app, Brigit. Brigit is a payday loan app on a mission to combat unfair loan lenders who trap borrowers in a vicious cycle of debt.

Aspiring entrepreneurs from third-world countries and underprivileged communities often find it impossible to fund their dreams by applying for loans. This is because of their lack of credit history or sometimes even little to no access to formal financiers. However, fortunately, microlending apps such as Kiva are here to change the state of small businesses in dire need of funding. But how does the US-based online microfinance company Kiva really work?

There is no limit to what technology-led solutions can do for businesses and consumers. That is why organizations are spending a large share of their IT budget on application development. 

The most wholesome and altruistic innovation to come out of the FinTech, or financial technology domain is that of microlending apps and platforms. Micro lending platforms leverage peer-to-peer (P2P) technologies to offer loans to small businesses as well as personal microloans to individuals without a standardized credit history.

The Internet of Things (IoT) sees most of its usage in the domain of asset tracking. Companies can make better decisions about their products if they can keep track of where their precious cargo is and therefore, location-based applications of IoT have always been dominant use cases.  

Every industry and business sector in the world has been making breakthroughs in widespread Artificial Intelligence (AI) implementation. This has been so prevalent that the very landscape of AI has been constantly transforming. The accumulation of so many breakthroughs is ushering in a new stage for AI; referred to popularly as AI 2.0.

Most thought leaders and technology pioneers across industries have been fascinated by how DevOps can transform software development workflows. DevOps can be thought of as an evolution of Agile practices and takes the innovations of the Agile approach forward in creative ways. In the initial stages of embracing Agile, companies must strategize wisely to make the shift.

The various applications of the Internet of Things (IoT) have helped companies across the board to automate processes and improve their bottom line. This technology is doing wonders for the finance sector in improving service delivery, making customer transactions more transparent, and making the overall process of money exchange more efficient. 

The scope of innovation in Artificial Intelligence (AI) is vast and the field of Natural Language Processing (NLP) is setting new benchmarks for it every day. What is redefining the way we approach the completion of tasks through NLP is a novel architecture known as Transformer-based architecture. The dynamic problem solving employed using NLP is enhanced tenfold through this novel architectural model.

The COVID-19 pandemic made us witness drastic changes in the way consumers prefer to pay for products and services, inclining more towards cashless transactions. Digitization is certainly a huge step in making payments a quick and seamless experience for customers. That is why digital payment players out there are leaving no stone unturned in bringing innovative modes of payments for businesses and consumers.