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?
The financial service institution Paylife and the Austrian magazine “Woman” together have launched a “Woman credit card” which gives credit in a number of fashionable stores.
There is one bank in Tokyo that sticks out of the ordinary. The branch of the Suruga bank is called d-labo (‘d’ stands for dreams) and it looks more like a business lounge, with a library, bar and relaxing space, than a normal bank. Although the venue still offers ATM’s and normal banking consulting services, it sets a new standard in customer service.