2020 swept in like a tornado, turning every business prediction on its head. We might still be reeling but it’s now clear that certain sectors have fared better than others, and in particular, the fintech industry has seen enormous gains.
Role of Central Banks is changing rapidly with need to regulate and supervise new areas like Cryptocurrencies, new payment participants and payment systems and FinTechs that have completely transformed the face of traditional Banking.
We’re slowly heading to a final push towards a fully digital world where everything is done online. That includes paying for products and services using a central platform designed to help you manage all of your finances and make direct payments when online shopping.
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Technology in finance has opened several money-making opportunities for ordinary investors.
How can blockchain be used? Discover the 5 ways payment systems can benefit from blockchain technology with FinTech Weekly.
As financial service providers are moving from product provisioning to needs servicing, we are increasingly witnessing emergence of cross industry value propositions enabled by new age digital platforms. This has been facilitated by partnering and building a cross industry ecosystem to cater to non-financial offerings.
Risk management is the process of tracking and evaluating risk levels in a given organization. The results of the tracking process are used to create new risk prevention strategies and improve old ones if they’ve proven ineffective.
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In the relentless pursuit of innovation within the financial technology sector, companies are constantly on the lookout for strategic edges to enhance their operations. Amidst this quest, fintech outsourcing to Colombia emerges as a pivotal ally, evolving beyond a mere participant in the fintech ecosystem to become a preferred partner for North American pioneers. This alliance transcends simple geographic or economic considerations, delving into a deep-seated cultural connection, technological adeptness, and visionary foresight.
The top 10 organizations by market capitalization at the end of 2020, barring a few were very different then the organizations which featured in the list at the end of previous decade. The last decade belonged to digital disruptors, even in the highly regulated industry like banking & financial services.
As a pullback from bitcoin’s expected prolonged bull run has some investors considering selling, most are in it for the long haul.
Regulated blockchain is a key step to create CBDCs, one of the most discussed topics right now. But there are still many elements to investigate.
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Well into the year's first month, investors' sentiment regarding the cryptocurrency industry was in a much shinier spot.
A new report from CB Insights highlights blockchain landscape, the impact of COVID-19, and what’s in store for the remainder of 2020
Data security, transparency and choice - growing consumer demands force the banking sector to adapt to transformation processes in a rapidly changing ecosystem. Open banking is one of the big topics, providing new standards, new business opportunities and costumer-centric services. We talked to Mohammed Aziz (hereafter MA), co-founder and CEO of DAPI about the chances of open banking, the status quo in the MENA region and the future of fintech.
How the fintech revolution presents an existential threat to traditional banks
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Recently, one has increasingly heard about scandals related to hacking and information leaks. Blockchain seems absolutely secure, but is it really so?
Innovation has the power to change just about everything, and the tech world is constantly striving to improve and streamline processes. In the finance sectors, this means finding ways to speed up the lending process, keeping data secure and safe and finding new ways to make things easier for customers and companies alike.
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.
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In today's ever-expanding digital landscape, the importance of financial literacy has reached unprecedented levels. Proficiency in managing personal finances has become an indispensable skill for successfully maneuvering through the intricacies of contemporary existence.
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.
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Explore the exciting world of cryptocurrency communities. See how people with similar interests, like investors, traders, and tech enthusiasts, come together to share insights and succeed in the changing crypto market. Dive in, join the conversation, and grow with the vibe of the crypto culture.
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.