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.
While ICOs were touted as one of the killer applications of blockchain technology, they had a fair share of pitfalls. Throughout the years 2017 and 2018, Billions of Dollars in capital were both raised and destroyed in what can be called blockchain’s equivalent of the Dotcom bubble. While many people attribute that to fraudulent schemes that were commonplace during the ICO hype, this is only half the truth.
Interested in investing in the mobile payment and fintech industry? Then you’re not alone. Fintech has been one of the biggest investment trends in the past couple of years and for many investors, it has paid very well.
Today it’s easy to imagine yourself sending money to a friend, or buying a product within several seconds. It’s all thanks to the boom in fintech. The investment in fintech has been dramatically rising in the last years, as many countries want to become the hubs of cutting-edge fintech innovation.
Two of the most innovative and most recent explosions of technology into the modern world are, without a doubt, Internet of Things devices (IoT) and cryptocurrencies. Both have revolutionised the world in so many different ways, and when combined, amazing things are happening, all of which we’re going to explore today.
Fintech remains fearless in the face of traditional banking. Rapidly evolving to meet consumer needs that they never even knew they had. In ten short years, we have sped away from checkbooks and bank tellers and toward paperless, even wallet-less, payment methods. First, there were contactless card payments and now it is no longer necessary to carry a debit or visa card, just a mobile phone, and the necessary app.
What started from Pokemon Go and Snapchat, the market of Augmented Reality (AR) has continued to flourish with every single day. It has not solely established its significance in the gaming and social media industry but has also entered into various other domains - with Fintech no exception.
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".
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.