Machine Learning’ Predicts The FIFA World Cup 2018 Winner!

How can we forget Paul the Octopus who predicted the winner of the world cup in 2010 which had gone viral globally? The Octopus used the flags of both the teams, which were presented in front of him in a box before a game, and the winning team would be selected the box from which Paul would eat first. Paul had 12 correct predictions out of 14.

The result of any given sports game is unpredictable, yet we humans try and predict results either on the basis of statistical analysis, or simply a hunch. Predicting the winner of any a game is part of the game viewing experience and has been a crucial selling point for the betting industry since the beginning. Another interesting method to predict results of games has recently surfaced: Prediction by using Machine Learning, in which the winner of the game or the tournament is predicted by companies who’ve used several different algorithms to predict these results.

Below are some of the companies that used Machine Learning to predict the results of the FIFA World Cup 2018

Prediction by the Technical University of Dortmund In Germany

An algorithm was developed by a team which included researchers from German Technische Universitat of Dortmund, the Ghent University in Belgium, and the Technical University in Munich. The algorithm is fed data which ran approximately 100,000 simulations to predict Spain as the winner.

Prediction by a San Francisco Based Tech Firm – Unanimous AI

San Francisco based technology firm Unanimous AI tried, their hands on the this. Here is what their Founder & CEO had to say “These predictions were generated using swarm A.I. technology” Further, the founder & CEO stated that “This means it uses a unique combination of human insights and artificial intelligence algorithms, resulting in a system that is smarter than the humans or the machines could be on their own. It works by connecting a group of people over the internet using A.I. algorithms, enabling them to think together as a system, and converge upon predictions that are the optimized combination of their individual knowledge, wisdom, instincts, and intuitions”. The final outcome of their simulation pointed that Germany will defeat Brazil in the finals.

Prediction by Goldman Sachs

Technology Teams within this American multinational investment bank, have also tried its hands on predicting the FIFA World Cup winner of 2018, and their machine learning program has given them a final test result. The winning team predicted by Goldman Sachs, using machine learning in Brazil.

How FinTech Is Seeing A Major Growth in India

With a population of more than a billion, India is definitely a promising sector for the FinTech. Before we move ahead, let us first explain what FinTech is. In simple terms, FinTech is the industry that comprises of the companies that use the technology to offer financial services. These companies work in different areas of finance management, insurance, electronic payments etc.

In the past decade, FinTech has taken over globally and is expected to rise in the future as well. India isn’t behind in this global trend. With over half a billion invested in the Indian FinTech over the last three years, the segment only shoes promising future of growth.

In 2015, around 12,000 FinTech came up globally making up the total investment of $19 billion. It is expected that by 2020, the global investment by FinTech will be $45 billion, which is a steep rise of 7.1%. According to the NASSCOM reports, India has around 400 FinTech companies with the investment of around $420 million. Reports also suggest that by year 2020, the investment of the FinTech companies in India will increase to $2.4 billion.

With the help of government regulations, banks and other financial companies, India has formed a favorable ecosystem for the growth of FinTech. FinTech is helping bring about the change in the personal financial management through e-payments and e-wallets, in the country that is predominantly cash- driven.

Number of reason contributes towards the growth of Financial Technology in India. The number of internet users in India reached to 465 million in June 2017. With more and more number of people depending on the internet for varied reasons, the digitalisation has taken a new turn. Government’s effort in bringing the digital revolution through ‘Digital India’ campaign is opening many opportunities for the existing FinTechs and start-ups.

Government Regulations:
Government has realised the potential of Financial Technology in India and is constantly making efforts to make the regulations friendlier. In 2014, government relaxed the rule of KYC process for customers making online transactions and payments up to Rs 20,000 per month. It is expected that the government will lay out new set of norms to revamp the P2P lending market.

To promote cashless transactions, government is now offering tax rebates to the merchants for accepting at least 50% of electronic payment.

‘Jan Dhan Yojana’ aims at providing a bank account to every citizen of India. Since the launch of the scheme in 2014, 240 million bank accounts have been opened. FinTech start-ups can use the opportunities to provide easy and seamless transaction service.

Incubator and Accelerators:
The role of incubators and accelerators are not limited to funding but also strengthening the financial industry. The incubators provide the obligation free environment for the start-ups. India is among the top five countries that show promising results for the start-ups. The initiatives ‘smart city’ and ‘digital India’ are set to strengthen the technological infrastructure of the country. To show the support to FinTech start-ups, banks and financial institutes have partnered with incubators and accelerators.

Should You Use Two-Factor Authentication

What exactly is two-factor authentication and what started it? Two-Factor Authentication happens when you are required to use two types of identification to log into a web site or open your email. It was started because people were using weak passwords or no passwords at all.

Normally the first factor is a password. As a reminder, your passwords should use numbers, capital and small letters and symbols. They should not be any sort of dictionary word and be at least 12 characters long, the longer the better. You should never reuse a password. If used correctly, you will need a password manager to remember them all. Getting one it is well worth it.

The second factor can vary widely from fingerprint or facial recognition to the web site sending you a numeric code via text or email that you must enter into their web site as part of the log in process. Google, Microsoft and others are working on other methods of authentication that will be secure and make it easier for the end user.

The best type of security is the one that people will use. Two-Factor Authentication takes a little longer to log into a web site, it will add 15-30 seconds. That time would be time well spent to protect your security. Web sites; especially banks, financial and health care sites, want to be sure that when a user logs in it is in fact the correct person. This is very difficult to do with just a password. Think about all the passwords stolen last year due to hackers.

This is where your phone is used to confirm your identity. Say you log into your bank’s web site. If you use your phone for that login, your fingerprint or facial recognition can be used to ID you. If you use a desktop computer, they will usually send a numeric code to your phone that you use during the login process. In either case you gave the bank your mobile phone number, so they have at least some assurance that it is you. You also enter your password that matches what the bank has on file. This is how Two-Factor Authentication works, two types of identification.

As I stated earlier, web sites and companies are working to make this login process easier and more secure. This is a hard job as easier and more secure don’t always work together.

George Uliano is a security professional with years of law enforcement and security experience. He earned a Bachelors Degree in Criminal Justice and Business graduating with honors. George holds three U.S. patents on different locking principles. This combination gives George and His Company Locking Systems International Inc the unique ability to provide its customers with the correct security at an affordable price.