Georgia’s financial technology companies produce more than $34 billion in revenues annually, placing the state third behind New York and California. The state’s FinTech sector is set to cement its position as the global leader in payments processing, said Christine Ries, a professor in the School of Economics. Her comments are included in a new report from the Technology Association of Georgia (TAG).
Georgia financial technical companies and the companies that support them must tap into big data to spur growth.
We know that payments processing is the linchpin of global trade, and the data science impact on payments is already igniting dramatic expansions of trade and prosperity in many sectors.
California continues to shake following yesterday’s 6.0-magnitude earthquake in Napa. Associate Professor Andrew Newman travels around the world, trying to better understand earthquakes and volcanoes.
Despite being the largest earthquake in the region in the past 25 years, the Napa earthquake represents the overall expected behavior of the earth's crust near the active plate boundary that separates most of North America from the Pacific plate. Along the San Andreas and adjacent faults, the plates try to slide past one another at a little more than an inch a year. When the surface between the plates sticks, it builds energy that is released in these earthquakes.
After the economic and airline disruption caused by the now infamous Eyjafjallajökull eruption in 2010, it's not surprising that the stirring of another Iceland volcano has gained great attention. This time it’s Bardarbunga, a volcano in central Iceland. Numerous earthquakes at 5 to 10 kilometers near the volcano have caused wide speculation about the potential of eruption. Associate Professor Josef Dufek is a volcanologist in the School of Earth and Atmospheric Sciences.