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.
Currently, up to 70% of the UK’s population uses digital banking while 12% switched to digital banks completely, and ⅔ of the population want to follow their example according to Finder’s statistics. In addition, the UK neobanks expect to triple the number of their customers in the following year. The UK’s example demonstrates amazing opportunities for digital banks to seize, while Deloitte’s research predicts 3 billion digital banks’ users globally by 2021.
The global market’s opportunities are ripe to harvest; you just need a relevant product to do it.
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.
American Financial Sector gets cyber attacked “over a billion times a year,” stated CEO of PayPal and a chairman of Symantec, Dan Schulman, in this interview. In 2017, Banks lost $16.8 billion to cybercriminals according to Javelin report. The number of Data Breaches reported by UK financial companies to Financial Conduct Authority “rose 480% in a year” according to RPC report.
So, you have a great idea, perseverance, stubbornness, and determination to make your dreams come true. The only thing you lack is money. It’s ok. You should not work two full-time jobs, look for side gigs, and limit yourself in food and Netflix subscription to accumulate enough money. What you should do though is take your idea to investors.