Daily Archives: July 25, 2016

Airfordable Is A Micro Loan Tool For Airfare

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The industry of microloans moved into the airfare space recently with the launch of Airfordable, a website that allows users to pay for airline tickets in installments. To use the service, travelers submit a screenshot of an itinerary, submit the trip details and then place a deposit on the overall cost. Through the date of departure, regular payments can be made on the overall balance and when the loan is paid off in full, the ticket will be confirmed and sent to the traveler.

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Workday Acquires Platfora: Analytics Race Accelerates

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Last week Workday announced the acquisition of Platfora, a fast-growing big data analytics platform company focused on offering analytics solutions for a wide range of business applications. After discussing the application with Workday’s product strategists, it appears this acquisition enables Workday to expand and extend its existing Big Data Analytics offering with broader platform capabilities, a bigger team, and extensions into detailed operational data.

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New Competition Enabled By Small Production Runs

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The need for large production runs has been a barrier to entry in many businesses since the industrial revolution. Low cost-per-unit for plastic and metal products was only available when thousands or millions of units were being produced. New technology, however, has made small production runs feasible in many arenas, enabling new competitors to challenge long-established companies.

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Can Blockchain Fix Banking

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A pair of ex-Google employees believe their version of Blockchain can fix banking. That fix is long overdue, since banking is suffering a real crisis at this time.
Indeed you may be surprised to learn that banking is one of the last parts of the global economy largely untouched by modern technology. Sure, banks aretalking about nifty customer facing technology like iris scans. Some even want to let us use our smart phone sensors to log into automated teller machines. While cool, these efforts are really just lipstick on a pig. The problem is bank infrastructure. That infrastructure consists of decades-old hardware and software that is patched together like Frankenstein meets The Mummy. And it’s broken, badly.

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