Fintech has become quite a mainstream topic with apps like Monzo and Revolut. The usage of technology-related strategies to ensure marketing results, sales targets and, overall, to manage risks within financial architecture is becoming more and more "mainstream".
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Cryptocurrencies continue to revolutionize industries around the world. Investing in crypto can be exciting and profitable, but a clear, informed strategy is essential.
FinTech is an acronym for Financial Technology and the definition of FinTech is the integration of technology in the financial services sector. These technologies are mostly used by the financial institutions themselves on the back end of their businesses.
With the latest statistics detailing that around 90% of all business startups fail, there’s no denying that there needs to be some kind of awareness as to what is going on and why these businesses are unable to find their footing. While this is happening in all industries, one of the most prevalent is the fintech industry.
Given the developmental stagnation of traditional banking institutions in the past years due to their revenue generation and industry stability, both B2C and B2B sectors have started to look for new FinTech services to use. Whether you intend to build your own startup in the next several years or are looking for an industry to devote your time and resources into, FinTech startups and their presence in the banking industry might present you with the perfect opportunity.
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The financial industry has always been a prime target for cybercriminals. As criminals are quickly growing more sophisticated, financial institutions must step up their cybersecurity approach and focus not just on gating data but on inside threats - specifically, those that have a root in access privilege abuse.
As the term suggests, finance is the available cash that makes an organization can use. Whether you want to start a business, or expand an existing one, add more pieces of equipment or develop new products, finance is the core of every business organization today. Liquid money is important to run the day to day operations for the organization. Right from the smallest spending to huge business expenses, finance is a must. Agree?
The financial sector is fighting a constant battle, and not just for market supremacy. In fact, the most critical battle faced by today's financial institutions is the war to protect IT assets and safeguard customer data. In other words, the quest to ensure maximum cybersecurity.
With the rise in availability and intuitiveness of smartphone devices, more and more people opt for mobile bank applications as their go-to financial solutions. While they may be user-friendly, convenient and available on the fly, these applications are also more vulnerable and prone to scammers, malware, and other cyber intrusions.
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The already rising popularity and adoption of cryptocurrencies will continue in 2024. However, its adoption, though revolutionary and very promising, hasn’t been without various challenges. Since its inception, cryptocurrencies have faced significant hurdles that affected their use and acceptance.
With some of the most impressive benefits packages and salaries in the world, it would seem ludicrous for financial industry executives to leave their jobs. Even so, it seems almost weekly the industry learns of another former bank or financial CEO that leaves their cushy post for the scrappy and hard life of the startup world. For non-executives, the trend is more pronounced.
“May you live in interesting times”. It’s a common expression, purported to be an old Chinese curse, that wishes trouble and strife in the recipient’s life. Cut to the UK and Brexit. There is trouble and strife on an unprecedented scale. “Do or die” said UK Prime Minister Boris Johnson about leaving the EU on 31 October. That date has passed. The Prime Minister is still alive, and so is Brexit.
The amount of articles about the impact of Artificial Intelligence in the financial and banking industries continues to increase amid strong attention from major players, and for a good reason. AI has a number of use cases that banks and other financial institutions can benefit from, ranging from banking chatbots to smart contracts.
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Mergers and acquisitions (M&A) play a crucial role in the growth and expansion of businesses worldwide. They enable companies to increase market share, diversify product and service offerings, and achieve economies of scale. A successful M&A transaction can lead to significant competitive advantages and long-term value creation for the involved organizations.
Blockchain is one of the most used technologies in fintech, and also banks can benefit from this technology. Discover more with FinTech Weekly.
In a letter to shareholders penned back 2014, Jamie Dimon, CEO of U.S. banking giant JPMorgan Chase, wrote of Silicon Valley tech startups: "They all want to eat our lunch, every single one of them is going to try and a lot of them will succeed."
With traditional banks and financial systems on their last legs in terms of innovation andaccessibility, financial technology (fintech) startups have become a focal point of theindustry. Whether you are a financial expert, an accounting specialist or work in a fintechstartup yourself, there’s no denying that the industry is on a continuous upward trend.
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In today’s world, many financial services applications rely on APIs to exchange data and interact with external systems. With the increasing adoption of cloud computing, the usage of APIs has grown exponentially, making API security a top priority for financial organizations.
Once the darling of Silicon Valley, Theranos CEO Elizabeth Holmes convinced investors that she could accomplish the (currently) impossible. With Steve Jobsian style, dress and a sharp wit investors wanted to desperately to believe.
The debate about which is the best type of investment is as old as investing itself. While no market is “crash-proof,” real estate is traditionally viewed as one of the best and safest (if not the safest) investment options available, for several reasons.
Bitcoin is often portrayed as an untraceable method of payment that facilitates illicit activities by enabling criminals to make and receive payments without being tracked. This depiction implies that users transacting in Bitcoin can do so completely anonymously — that their identities will not be exposed. However, that is not necessarily the case. While Bitcoin offers increased privacy compared to traditional payment methods involving a third-party intermediary such as a credit card provider, it is still not as anonymous as a cash transaction. In fact, there are many ways a person’s identity could potentially be exposed in Bitcoin transactions.
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Blockchain, an evolving technology that has influenced many industries, including finance, tech, real estate, and gaming, is created by various programming languages.
A coalition of cryptocurrency and blockchain organization won’t be taking big tech’s recent ban of crytpo-related ads sitting down.
Article first published on March 28th, 2018 on Coincentral.com
Conserving plastic with digital control over Debit & Credit cards
Cryptocurrencies – digital currencies that are transparent and free from government interference, running on secure blockchain technology are growing in popularity. In investment circles, and the wider sphere of financial services overall, cryptocurrencies still face a lot of skepticism and prejudice, fueled by regulatory uncertainty, volatility and in some cases, the perception of bloated valuations.