5 Financial innovation by ikromov shohjahon mm53i group Electronic trading platform

5 Financial innovation by IKROMOV SHOHJAHON MM53i group

1. Electronic trading platform 

In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary, such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading. Sometimes the term trading platform is also used in reference to the trading software alone.

2. Online banking

Online banking, also known as internet banking or web banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.

3. Remote health monitoring

Most remote health monitoring devices to date have used biometric sensors to read vital signs, such as heart rate monitors. But thanks to advances in computer vision, relatively inexpensive devices are now able to gauge health from afar. Earlier this year, researchers at the Massachusetts Institute of Technology’s IBM Watson AI Lab configured computer vision models to run on low-power devices.

Thanks in part to that research, the health monitors shown at CES 2020 will be smarter, smaller and wearable-free. For example, Cocoon Health will show its newest smart baby monitor, which uses computer vision and AI technology to track breathing rate, movement and sound. Parents can receive alerts when their baby falls asleep or wakes up and track sleep data over time via the connected app.

4. Abbott ID NOW COVID-19 Test

Since 2014, Abbott’s ID NOW system has helped physicians detect influenzas A and B, strep A, respiratory syncytial virus (RSV), and most recently SARS-CoV-2, in less than 15 minutes. The toaster-size device works by heating nasal samples in an acidic solution that cracks open the envelope of the viruses, exposing their RNA, which ID NOW amplifies at a constant temperature instead of the heating and cooling cycles that PCR machines use. Gaining emergency authorization from the US Food and Drug Administration in late March, the COVID-19 ID NOW test was one of the first tests accessible to the US public

5. Power solar solutions

If it isn’t already, going solar will be a no brainer. Providing solar power solutions makes up for a grand innovative startup idea for 2020! You can also take advantage of federal tax breaks. And individual and business users save money. Better yet, you all make money off long-term utility services. It’s a win all around!