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Artyom Leydiker

Technology Blog

About Artyom

Artyom Leydiker has been interested in technology for as long as he can remember. Now more than ever, technology has become a domineering force — both in our individual everyday lives and in global shifts toward change and progress in business, entertainment, education, and much more. Artyom created this blog to share some of the news and trends in technology that inspire him, including but not limited to virtual reality, artificial intelligence, and the rise of blockchain. Check out his blog page for all content, or get started with a few posts below!

Smart Home Technologies

Smart Home Technologies

Installing smart gadgets into a home make the environment more convenient and safer. Some devices are created to enhance the home front or to save money. There are numerous smart home devices on the market today.

NetGear Arlo Q

Home security systems have grown in popularity in recent years. The NetGear Arlo Q offers a simple system that monitors activity inside or outside of a residence. The cameras available with the system create highly detailed video captures and accompanying audio. Thanks to infrared technology, the images captured by the device are also amazingly clear regardless of available light. The system is easily customized to record up to seven days of video at the scheduled times of day or night.

Char-Broil Digital Electric Smoker

BBQ enthusiasts must either continually monitor the grill or check on the cooking process periodically to determine when foods need turned or are done. The digital smoker takes the guesswork out of barbecuing. The grill automatically heats electrically and alerts you via mobile device when the grill is ready and when food items reach acceptable internal temperatures. The grill features a full 725-square inches of cooking space and four chrome racks for small backyard feasting or larger party occasions.

Perfect Bake Pro

Often times, individuals choose to concoct a baked treat or a special dish only to find that they lack vital ingredients. However, the Perfect Bake Pro creates recipes based on the ingredients you have on hand. The autoscale simply adjusts the recipe accordingly. By placing a mixing bowl on the scale, the device automatically measures each ingredient when added. In this way, bakers and cooks have no need to use measuring spoons or cups to precisely calculate ingredients.

Philips Hue Smart Light Bulbs

By installing the Phillips devices, individuals have the chance to control lights via a smartphone or other mobile device. Simply install the light bulbs and download the mobile app. Additional accessories make daily living even more convenient through the use of a dimmer switch, motion sensors or tap controls.

Belkin WeMo Switch

The WeMo switches by Belkin provide remote control of any electrical appliance throughout the home. Simply insert the automated outlets into existing outlets. Any appliance plugged into the switch is then easily controlled via a mobile device or a smartphone.

Understanding Fintech’s Impact on Finance

Understanding Fintech’s Impact on Finance

Every year, new terms are added to a number of dictionaries, from urban to traditional. Over 800 words were added to Merriam-Webster in 2018. Many of these words were created by combining two words together such as “glamping” (glamorous + camping) or shortening them, such as “avo” for avocado. There were new words formed with prefixes, such as “cryptocurrency” (crypt- meaning secret) as well as words that explained an action instead of being a noun (e.g. “force quit”). And when there are advances in an industry, there will be new terms. The term “fintech” made this list last year. It is simply a combination of the words finance and technology. The term is applied to new technology that improves and automates finance services for people and businesses.

Fintech’s Expanse

But what exactly is fintech? To put it one way, it is software and algorithms used on computers and smartphones. The term is fluid in that it changes as its base (technology) changes. Originally, fintech was applied to the technology used for the back-end of computer systems of financial institutions. It now includes automation applied to the financial industry. It’s even applied to subcategories of finance, such as wealth management, transactions, investments as well as developing technologies (e.g. bitcoin). Fintech has changed the way we bank as well as manage businesses. This is evident from the number of fintech products consumers use. According to EY’s 2018 Fintech Adoption Index, the survey shows 15.5% of consumers use at least two fintech products. As for regions that must the most fintech products, Hong Kong is the winner with 29.1% of the market share. The United States followed with 16.5%.

The Future of Fintech

Fintech also includes artificial intelligence (AI) in its application to finance. AI is evolving (like computers did) and will soon be anticipating our banking needs, regardless of age or type of business. There are many fintech startups with the sole purpose to revolutionize established banking practices. However, some may see it as a disruption of traditional banking and money management. One of the goals of fintech is to perform banking tasks without human assistance. It’s interesting to note that this idea was similar to the use of computers when they came on the market. Yet, fintech has a better chance than computers of achieving this goal, as it has already infiltrated the finance industry. Only time will tell the level of evolution fintech will reach.