Decades ago, people could recognize the best banks for their well-trained employees that delivered exceptional services to customers in the luxury branches. But today, consumers do not need bank branches or face-to-face services like even one year ago. The number of reliable mobile-only banks is growing every year. They replace some traditional bank institutions and take customers from them to the digital world of simple banking.
Fintech has dramatically evolved in recent years, with the most notable changes happening in the past decade. These changes have created new convenient ways for people to interact with their money and posed new challenges for those who struggle with finances. Is FinTech reshaping the financial industry, or is this a hyped-up myth? Here is what you need to know.
The percentage of individuals that use internet banking is growing in the European Union (28 countries, including the United Kingdom) from 36% in 2010 to 58% in 2019. The increasing number of mobile banking users proves that mobile banking has a lot of advantages.
The last months have dramatically changed things in the global world. Still, there are no options to turn off the global finance sector. The use of fintech apps is rising. Investments in fintech startups are growing. The best fintech startups of 2020 aim to fulfill newly emerged consumers’ needs. In this article, you will read about 12 hot fintech startups of 2020.
With steady growth and determination of FinTech startups investors, FinTech is predicted to reach $4.7 trillion in valuation. Plenty of innovative and lucrative fresh fintech companies start changing finance industries in countries all over the world. No wonder that investing in FinTech startups is an attractive and popular option among venture capitalists.
In the dark ages before core banking software was a thing, transactions between different branches of a single bank took at least one day if the wind was fair and the weather favorable. Thanks to the expansive implementation of the core banking, the situation improved drastically, and now, 24 hours per transaction is a horror-movie material.
Artificial intelligence is here to… No, not to steal your job but rather to make it easier and its — results more impressive, at least, concerning cybersecurity services. If properly harnessed and used, the power of AI and machine learning can significantly improve the levels of software protection.
AI for cybersecurity is quite a theme to discuss and imagine things about. In this article, we will scratch the surface of the topic to get that essential understanding of the matter; we will examine how and for what purposes people use AI and machine learning; we will learn about the benefits and challenges that AI poses.
The topic of the gateways is a little more complicated and interesting than it seems. Payment gateways still have plenty of room for improvement and plenty of opportunities to surprise us, pleasantly or otherwise. Considering the significance of payment gateways in all industries from FinTech to Logistics and Education, those opportunities are worthy of your attention.
Do people still build online marketplaces? Hell yeah, they do. More than half of all online marketplaces were launched in the last 7 years. The market continues to grow, people are more willing to buy and sell, online, new countries enter the level of economic prosperity that is just right for online marketplaces. The opportunities are ripe to harvest.