SUMA Ventures

11/11/2022

“The winds of change: Trends shaping India’s FinTech sector: Edition II” highlights the potential and emerging trends in the industry.

India is leading the adoption race with an adoption rate of 87%, substantially higher than the world average of 64%. The promising Indian FinTech market is expected to reach $1 trillion in AUM and $200 billion in revenue by 2030.

The latest FinTech report gives new trends shaping India’s FinTech sector. Learn more about FinTech industry in India.

11/10/2022

The authors of ‘Augmented Lean’ argue that an augmented workforce isn’t cookie-cutter, but more innovative, and it yields lasting results.

In order to move from to augmentation, you need to let change emerge. That’s what happens when you truly empower your employees, up and down the organizational ladder.

Instead of going digital first, manufacturers need to first take workplace walkthroughs (e.g., Gemba-walks) among their workers. The aim is to discover true bottlenecks instead of fixing theoretical ones.

https://www.fastcompany.com/90804268/pov-the-future-of-industry-isnt-digital

The authors of ‘Augmented Lean’ argue that an augmented workforce isn’t cookie-cutter, but more innovative, and it yields lasting results.

11/10/2022

On Tuesday, October 18th, Axios healthcare editor Tina Reed and managing editor Alison Snyder led conversations exploring topics around innovation and cost, such as broadening access to care, drug pricing and biosimilars development and adoption. Guests included former deputy secretary of Health and Human Services Eric Hargan and Harvard Medical School professor of health care policy and medicine Dr. Ateev Mehrotra.

Eric Hargan discussed how innovations in and vaccine development over the last two years yielded improvements in American medicine and what needs to be done to address high health care costs in America.

https://www.axios.com/2022/10/05/axios-event-health-innovation-and-costs

Join Axios for an Oct. 13 virtual event on health care innovations and costs.

11/10/2022

This is for you: Fintech or Financial Services Innovation Officers, Fintech Founders, Head of Fintech Partnerships

Learn to master a process that ensure support across skills and responsibilities inside and outside your organization when needed.

11/09/2022

Employment contracts that try to squeeze more out of workers can thwart innovative thinking, says research from Susanna Gallani. She offers advice to help companies align incentives with expectations.

“Companies want more employee-initiated innovation, but it has proven very challenging to obtain,” Gallani says. “There is a disconnect between demand [for innovation] and supply.”

https://hbswk.hbs.edu/item/penny-for-your-thoughts-for-big-picture-ideas-the-right-pay-structure-matters

Employment contracts that try to squeeze more productivity out of workers can thwart innovative thinking, says research from Susanna Gallani. She offers advice to help companies align incentives with expectations.

11/09/2022

📌 Biotech and its applications are rapidly evolving and have the potential to revolutionize industries, including healthcare.

📌 But forward-thinking businesses, governments and academia need to work together to realize biotechnology's full promise.

📌 C4IR Serbia recently launched at the Biotech Future Forum as biotech was revealed to be the country's biggest exporting sector.

https://www.weforum.org/agenda/2022/11/biotech-healthcare-how-to-unlock-its-full-potential/

11/09/2022

DeepSee.ai, the creator and leading provider of Knowledge Process Automation (KPA), announced today that it has been inducted into the JPMorgan Chase Hall of Innovation. The bank’s Hall of Innovation award recognizes select emerging tech companies for their innovation, business value, and disruptive nature.

“DeepSee has helped us automate manual post-trade checks supporting complex derivatives trading into AI-powered business outcomes,” said Tom Damico, Global Head of Equities Operations, JPMorgan Chase. “We’re already seeing efficiencies in post-trade processing and reconciliations, with more efficient deal review timeframes and more importantly, reduced operational risk.”

https://www.bloomberg.com/press-releases/2022-11-03/deepsee-ai-inducted-into-jpmorgan-chase-s-hall-of-innovation

Bloomberg Markets European Close Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.

11/08/2022

Despite the claims to the contrary, is a job creator, not a job demolisher.

Both history and available data show that far from making working humans obsolete, has long been a “great job-creating machine.”

Where a machine replaces a human, the outcome, in time, is economic growth and rising employment. How does it happen? Innovation boosts jobs in other sectors, especially (but not exclusively) in knowledge-intensive ones.

A report by the Institute for the Future (IFTF) estimated that nothing less than 85 percent of the jobs that will exist in 2030 haven’t even been invented yet. The future is on its way.

https://fee.org/articles/technology-creates-more-jobs-than-it-destroys/

Andrew Yang and Bill de Blasio are very concerned about robots taking people's jobs. Machines will replace humans. Artificial intelligence will outpace people. But is there any validity to it?  Not really.

11/08/2022

YouTube announced on Oct. 27 that professionals can now apply to have their channels verified by —the change will help viewers navigate and evaluate health information online.

The blog states that “This [change] includes health source information panels that help viewers identify videos from authoritative sources and health content shelves that highlight videos from these sources when you search for health topics, so people can more easily navigate and evaluate health information online.”

Further, “Up until now, these features have only been available to organizations such as educational institutions, public health departments, hospitals and government entities. This new step will allow us to expand to include high-quality information from a wider group of healthcare channels.”

https://www.hcinnovationgroup.com/clinical-it/news/21285639/youtube-announces-verified-channels-for-healthcare-professionals

11/08/2022

At the Singapore FinTech Festival, Women’s World Banking announced the 10 semifinalists for the 2023 Fintech Innovation Challenge, a global competition to highlight and advance solutions to close the gender gap through digital financial services.

Applicants were judged based on rigorous criteria by an expert Advisory Committee that evaluated several factors, including product innovation, gender inclusivity, financial viability, scale potential and team experience and diversity.

See the full list of the 2023 Fintech Innovation Challenge semifinalists below:
1. Amartha
2. ARTH Impact - Female Founder Circle Participant
3. Awaaz.De Infosystems - Female Founder Circle Participant
4. DotX Technologies
5. Easy Management - Female Founder Circle Participant
6. HAMWE East Africa - Female Founder Circle Participant
7. IndiaP2P - Female Founder Circle Participant
8. MoneyMart Finance - Female Founder Circle Participant
9. Paycode
10. Peabody Soft - Female Founder Circle Participant

https://www.finextra.com/pressarticle/94741/womens-world-banking-selects-2023-fintech-innovation-challenge-semi-finalists

At the Singapore FinTech Festival today, Women’s World Banking announced the 10 semifinalists for the 2023 Fintech Innovation Challenge, a global competition to highlight and advance solutions to close the gender gap through digital financial services.