We’ve been hearing about IoT for quite some time. It’s revolutionizing fintech, education, medicine, and many other industries.
But what is IoT?
Technology has changed, and improved everyday life in general and the way companies conduct business. It was not so long ago that entrepreneurs, small/large business owners, investors, and so on had to physically go to the bank to access a loan, get a mortgage and carry out other transactions.
With the rise of accessible smartphones and global internet coverage, digital banking has proven to be a lucrative development opportunity for FinTech businesses. Whether you operate as a retail banking firm or a disruptive FinTech startup, 2020 and its upcoming trends are bound to inspire change in your business model.
Blockchain applications are no longer news in the IT world. And it's pretty evident on the growth and consistency with which these applications have transformed society. This, in turn, has created more awareness for both blockchain technology and its applications, causing many people to take an interest.
Financial technology or “fintech” has seen tremendous development over the past few years, but its growth on online platforms makes this industry uniquely vulnerable to security breaches. Some of the biggest U.S. companies have suffered from cybercriminal attacks (Equifax, Yahoo, Uber), which goes to show that fintech startups are even more vulnerable to hackers and need to have this issue front of mind. Since fintech companies are managing vast amounts of sensitive information, there’s a heightened need to take action from the start to ensure systems are secure from being compromised.
Cash flow is a worry for anyone who runs a business. Fortunately, the days of having to navigate Excel spreadsheets and paying large amounts of money for business accounts and card processing tools are (almost) over. Have a read of how technology could help keep your business healthy.
Technology has evolved through an epic speed, over the years, to assist humans in different ways. When compared between the time it all started and what it is today, technology has progressed through innovations and technological development such as 5G, blockchain, artificial intelligence, and power.
Regardless of your occupation, country of origin or lifestyle choices, healthcare is something we should all keep at the back of our minds at all times. Given the digitalization of banking and personal finance management we’ve experienced in recent years, it goes without saying that the healthcare industry could benefit from adopting recent trends into their servicing portfolio.
The financial industry has been the most reluctant to completely migrate to more sophisticated technologies. As time went on and new security measures were introduced, the finance industry started transforming into what is called fintech.
In today’s day and age, there are changes and technological advancement that is paving their way to make almost everything in our life available online. With the introduction of financial technology (FinTech), alternative solutions, and a variety of business models have continuously been emerging, which could potentially render traditional banking practices obsolete.
If you’re an Australian business owner, the last few years have been frustrating ones. Ever since the Royal Commission exposed their lax lending standards in 2017, the Big Four have been in lockdown mode.
We are living in the golden age of financialization. Everything we know is already financialized or is on the verge of getting financialized.
FinTech is one of the most innovative sectors in modern business, so it’s no wonder that it’s also one of the fastest-growing. New technologies like blockchain and machine learning are being used to produce value at a blistering rate, so already it’s hard to imagine a digital economy without FinTech. More and more financial and technical professionals alike are catching on to the fact that FinTech is transforming the digital industry, but with such a booming market it can be difficult to know how to make your mark. Here are a few simple ways to get a solid start in this exciting new sector.
Like manufacturing and other sectors of global industries, industry 4.0 has also impacted fintech and the financial services significantly. The impact of industry 4.0 precisely referred to as I-4 is very prevalent from online payments, digital loans, plastic money, cryptocurrency, online forex trading, and many other financial activities in the financial services.
There’s cause for celebration in the global banking industry – it’s more profitable and much more resilient than ever after the financial crisis. However, facing the next stage of growth, everyone from startups and established banks are at an inflection point. What they do now is going to determine how they capture the next generation of clients.