Category Archives: Technology

How Biometric Technology Can Transform the Banking Industry, According to Jeff Yastine

Jeff Yastine says that new technology in mobile and online banking can provide better security against hackers. He points to face and eye recognition technology, and even voice recognition technology, which can make it easier for people to access their bank accounts.

Particularly, this will make it useful for people who own corporate bank accounts and need to make payments to their employees. For example, Wells Fargo is already making use of this type of technology for its Commercial Electronic Office (CEO) banking accounts.

Previously, it has always been difficult for people who own corporate accounts to get into their accounts. This is especially true if they were on the road. They may have to catch a flight, but they may also have to make sure that some people are paid before they get on. The solution would be to pay them through online banking, but it often requires many passwords and sometimes security keys that are contained on USBs. Read more about Jeff Yastine at Bloomberg

Various other banks are also rolling out features that would allow biometric access. If you are into investing, then you should look out for investment opportunities relating to biometric security solutions. The industry is expected to be fifteen billion dollars over the next ten years, and it presents a great opportunity for investing. Passwords have been around for a long time, but as with all things, they eventually get replaced by better things. The truth is that biometric technology is not even that new. Think about your smartphone. Many already have fingerprint or even eyeball recognition technology that allows you to open up your phone. When you go through customs, many airports have biometric scanners to scan your passport and let you through. Read more about Jeff Yastine at investmentu.com to know more.

When it comes to banking, it is a little more complex. Many banks are starting to use it, however, for multi-factor authentication. They may use it as an extra tool to prevent hackers. One problem is that some people may not be able to use certain biometric features. For example, if it is a voice recognition technology, it would not work for someone who has laryngitis. However, banks are using technologies that offer various forms of recognition at a time as well. This is known as behavioral biometrics.

Jeff Yastine is an editor at Banyan Hill Publishing. He has years of experience in the financial market.

Learn more:https://jeffyastineguru.com/

 

Ted Bauman challenges bitcoin relevance

Bitcoin’s possibility of becoming the next great currency has become an issue debated by thousands all over the world. Bitcoin is the one currency that is not being controlled by banks and the government. Despite all that Ted Bauman pointed out that Bitcoin faces a massive hurdle in becoming the new currency. Ted Bauman says that in order for a currency to really take off, its transaction time must be fast.

Ted Bauman fired back at Bitcoin for their long transaction processing time. Bauman says its not a real currency if you have to wait more than 40 minutes to process transactions. He compared Bitcoin’s capability to Visa which can process up 1,700 transactions per second, with the ability to process up to 1,700 transactions per second. Bitcoin is currently only capable of processing 6 transactions per second. As more people buy into bitcoin, the processing time will get longer and longer, as more people join the waiting line.

Attempts have been made to solve this massive problem but no breakthrough has been made. Ted Bauman believes this is because of a number of reasons. One of them and most importantly is the tradeoff between speed and security. To increase processing time, either the amount of data being processed needs to be reduced or increase the amount of data being processed so that more info can be processed at a time.

Ted Bauman is the editorial director at Banyan Hill Published. He is also currently the editor of The Bauman Letter, Plan B Club and Alpha Stock Alert. Ted Bauman specializes in protection and privacy matters and also low-risk investments. Ted Bauman was born in Washington D.C. and later moved to South Africa. Ted Bauman attended the University of Cape Town, studying Economics and History. Ted Bauman spent 25 years in the nonprofit sector working as an executive with several organizations. Ted Bauman dedicates his life to helping others lead a life, free from governmental oversight and corporate greed. He is currently based in Atlanta, Georgia. One organization that Ted Bauman founded was Slum Dwellers Internaitonal, which has helped over 14 million people.

Ted Bauman continues to help people within the financial industry. Ted Bauman earned his Bachelor’s degree in Business Administration from the State University of New York. He later earned his MBA from Georgia State University. Ted Bauman continues to publish his own writings across a variety of platforms.

Read more:https://www.bloomberg.com/research/stocks/private/person.asp?personId=264684898&privcapId=109183793&previousCapId=109183793&previousTitle=The%20Sovereign%20Society

Life and Achievements of Louis Chenevert

Louis Chenevert is a Canadian businessman who has served as the Chairman and the Chief Executive officer of United Technology Corporation. Louis also worked as the President of Pratt and Whitney Canada, a unit of UTC. He spent 14 years working at General Motors as St. Therese Production Manager. Louis graduated with a Bachelor’s degree in production management from Universite de Montreal, Ecole des hautes etudes commerciales (HEC).

Ascension and Achievement at the Helm of UTC

Louis Chenevert was elected to the helm of United Technologies Corporation in April 2008. He was later elected as the chairman in 2010. His achievements exceeded 100 billion dollars as the leader of United Technologies Corporation. Louis enabled UTC to acquire Goodrich at $18.4 billion, having spent too much time in negotiations with its top leaders. Louis believes in investments in promoting technology advancement as well as the individual growth of employees. He has used his knowledge and wide experience to improve UTC.

Louis ability to forward-think saw United Technology Corporation pick the best projects with the highest potential to further the vision of the company. It was also a way that he used to inspire people at making those projects successful. The biggest helicopter manufacturer in the US is UTC’s Sirkosky Unit. When it comes to refrigeration and air conditioning and heating, the corporation remains dominant. Chenevert was able to make UTC’s Pratt & Whitney Unit the sole supplier of the F-35 engine for the government of United States.http://frenchtribune.com/teneur/25552-innovative-deals-and-inspired-leadership-characterize-louis-chenevert

Resignation from UTC

Louis Chenevert resigned from United Technology Corporation on the 8th of December 2014. Goldman Sachs appointed Louis as the Exclusive Advisor at its Merchant Banking Division. His primary role was to look for the best growth opportunities in the aerospace industries. His impact at UTC is still felt since the corporation remains dominant in the market, thanks to the foundation he laid.

Louis Chenevert is the chairman of the Tax and Fiscal Policy Committee at the Executive Committee s of the Business Roundtable. He is also a member of the US-India forum and also the chairman of Yale Cancer Centre’s Advisory Board. He is a Fellow at the American Institute of Aeronautics and Astronautics.

The Education, Intelligence, and Pride of Louis Chenevert

There is no doubt that companies that use modern technology to their advantage can grasp success. It requires taking risks and trying to outsmart their competitors. But without a leader who accept the possibilities of risks, nothing can happen. Investing in technology proved Louis Chenevert right, and his former company, UTC, is now reaping the fruits of success. The company spends time and resources researching, developing, and manufacturing high-technology products for different areas. One of these areas is aircraft engines.

Personal Touch in Leadership

Leading from the office chair is not Louis Chenevert’s style. He knows the ins and out of his industry. He knows that his responsibility, regardless of where he’s working, is first to his employees, then his business, and only afterward himself. It is a question about professional pride as much as it is about being better than the competition.

United Technologies is a well-known company. They are aware that new technology is what propelled them forward and they are not backing away from this challenge. As a leader, Louis Chenevert created a good working relationship with the suppliers and clients to establish a supply and demand circle and grow the revenue.

United Technologies invests in education as well. They understand that smart employees are the future. If they want a degree, the company helps them achieve it debt free. It is clear that they are the driving force and the most critical component for success. It is a win-win situation.
Canada’s Best at Work

Louis Chenevert was born in Quebec and still lives in Canada. His university education is in production management and commerce. He went to Business School of the University of Montreal before starting his career. Chenevert began working for UTC in 2006. A combination of education, dedication, and analytical mind allowed Chenevert to get as far as he did and take his company to the next level.

An aviation trade magazine named him the Person of the Year in 2011, and he has also received a title of honorary doctorate awarded by the HEC Montreal.

He is clearly passionate about everything he touches and he is interested in technology. It made him a better CEO and now he enjoys his life even more after his successor is filling the post of CEO of United Technologies Corporation.