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.
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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.
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.
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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.
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.
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How mathematics is used in tech? From fintech to artificial intelligence and data analysis, discover how math creates the technology we rely on today. Explore its role in innovation!
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".
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To differentiate their products and services from ever-increasing competition and drive down operational costs, financial services organizations globally are accelerating their digital transformation initiatives.
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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Credit scores are an incredibly important part of every company, as they can have a huge impact on their ability to get loans, procure equipment, extend lines of credit and obtain other forms of financing. That said, it's much easier to ruin a company's credit score than a personal one, although that may sound difficult to believe.
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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Small businesses are the backbone of the economy.
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.