Fast backward to ancient Babylonia, 1800 BC give or take several hundred years (yeah, no historic accuracy for us here). Imagine you are a farmer named Abum-kila-ilim, and you need a loan because the latest harvest wasn’t spectacular, your livestock is underfed, and you… you’re quite likely underfed as well. Where would you go? That’s right: to the shrine of Shamash, the sun-god and the lord of justice and righteousness!
The majority of people still ‘bank’ in an old-school traditional way with often visits to the departments, cumbersome or expensive P2P money transfers, and the unmistakable fragrance of bureaucracy. Though there is still some style to traditional banking due to its exquisite institutional posturing, old buildings with classical tang, and ages-long history of intricate financial manipulations, the views and desires of people shift towards the magnetic convenience of mobile-only banking apps.
Transferring money from point A to point B sounds easy on paper. In practice, the process is simple only when it’s two people who are close to each other and have enough cash. Money transfers can be quite a hustle, especially if it’s an international transfer, and it’s neat when software can handle this hustle for you.
Time goes by, but the mind-numbing qualities of accounting are still here, standing tall and strong. Accounting is a complicated process, which is inexorable towards slightest mistakes, while the possibilities for the said mistakes are numerous. A person who handles accounting should have a machine-like accuracy, attention, and control over their emotions when the desire to hit something hard kicks in.
Considering that the United Kingdom is among the global technology leaders, it’s quite possible that the next “Amazon//Google/[Insert tech giant of your choice here],” which will change the digital ecosystem forever, is currently rising to its feet on the Kingdom’s islands.
In this article, we gathered the diverse Top of UK Startups to Watch for in 2020, which have the potential to shake the IT and real world.
Currently, there are over 1600 fintech firms in the UK, and this number is expected to double in the 2030s. As follows, the emerging digital banking companies are numerous, and they come in different tastes and flavours. Unfortunately, not all of them will see through to stable success as it often happens with startups. However, the number of bright fintech rookies is surprisingly impressive.
Going digital is all about making this world a little more convenient place to be. Traditionally, banking associates with a ton of paperwork, hustle, hidden commissions, and queues of worried people. Now, we are reinventing banking, pushing it into the world of Ones and Zeroes to make it serve people without the burdens of excessive formality, bureaucracy, and boring routines.
Since then, AI-developers are pretty much obsessed with the idea of creating a human-like artificial intelligence. Chatbots are not an exception, and even though they are far from beating the Turing Test, they came a long way and now are an irreplaceable business asset, which significantly improves a company’s productivity, efficiency, and customer experience. Business Insider predicts that by 2020, 80% of companies will be using chatbots to boost their performance.
We are glad to inform you that Lviv is a real Gem, which offers you a lot of interesting activities to do besides business and software development.
Lviv is hundreds of restaurants, dozens of museums, arrays of gorgeous architecture, variety of interesting festivals, plenty of beautiful theatres, and landscapes of breathtaking scenery. Being a part of the UNESCO World Heritage List, a soul of Ukraine, and also a modern lively city, Lviv is a lifetime of impressions.