Original E-Commerce Pioneers When eBay was founded in 1995, they were pioneers in the e-commerce arena. They went to IPO just three years later, tripling their stock price on their very first trading day. Since then eBay has lost much of its momentum and popularity.
On May 9th congresswoman Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, announced the creation of two task forces on Financial Technology and Artificial Intelligence. The committee, also known as the House Banking Committee, oversees the operation of the financial services industry and its regulatory agencies. The task forces were created to keep Congress well informed on the technological developments of the financial sector and to allow them to make educated decisions regarding policy and regulation.
With each passing month the so-called “gig economy” grows to comprise a larger portion of the US workforce. The gig economy is an economic environment characterized by short-term contracting and freelance work, and it is the principle on which companies like Uber, Etsy and Freelancer.com operate.
Nearly every day, there seems to be a new bank adopting artificial intelligence. Yet, if you were to ask 20 different banking professionals on what AI is, you’d get just as many opinions. The industry’s lack of consensus around a definition stems from the fact that AI is constantly evolving. In fact, artificial intelligence goes back as early as 1956 at the Dartmouth conference.
If you haven’t had a chance to visit HousingWire recently, you might want to take a look. The mortgage industry’s top publication wrote a feature on our ability to deliver true touchless automation through automated mortgage loan processing to improve profitability. It also shares some history on the company and where we’re headed next.