Financial Services (105)
Trading finance intelligence with Twitter
German economic scientists have set up an online platform called ‘TweetTrader’ that helps analyze stock and market information provided by tweets on Twitter. It aims at predicting market outcomes by using textual analysis filters and specific algorithms.
Why it matters
Market researchers are already relying on social media analysis tools to understand consumers better. Now the analysis of tweets is being transferred to financial / information markets. Will the expertise of some financial analysts become obsolete thanks to the wisdom of the crowd?
“Shopkick” is the first mobile app that rewards shoppers with points called “kickbucks”. Shoppers are rewarded for simply entering stores and once inside, more kickbucks can be earned by using the app’s barcode scanner to scan products.
According to the Sharia (Islamic law), interest-based financial affairs and speculations are generally not allowed for Muslims. In Germany, home to approximately 4.3 million Muslims, Istanbul-based banking house KuveytTürk will now offer a range of 'halal' (approved by the Sharia) finance products.