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Innovation

Innovation

Marvin Minksy, regarded as the father of Artificial Intelligence (AI), has died at the age of 88 as a result of a brain hemorrhage. In 2014, Minsky was awarded the BBVA Foundation 'Frontiers of Knowledge' prize in Information and Communication Technologies. He was a professor emeritus at the prestigious Massachusetts Institute of Technology (MIT) in Boston and made significant contributions in the areas of mathematics, cognitive science, robotics and philosophy.

Recently, APIs have become heart and soul some of the most ambitious projects and one of the most topical themes among technology experts. Most of these experts agree that APIs will revolutionize the Internet, but for the layman these three letters form yet another one of the many acronyms we stumble upon on a daily basis. Jose Manuel de la Chica, from New Digital Business- Engineering at BBVA, explains the four keys to understand what APIs are all about.

2015 was arguably the year of financial technology - digital ways of delivering financial services offering a faster, more convenient and more useful experience to customers by combining platforms, channels and technology. Terms such as Unicorn, Blockchain, APIs and Accelerators became part of everyday conversation, companies such as TransferWise in the UK and OnDeck in the US began to eat into mainstream markets such as remittances and lending and capital rushed to embrace the investment opportunity offered by start-ups attempting digital disruption of financial services. For example, the UK, according to figures from London and Partners, had attracted $554 million of fintech investment by September 2015, compared to $487 million for the whole of 2014.