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.
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.
Fintech innovations have made it possible to turn money into digital assets, which can be accessed with a few taps on the…
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As traditional banking models face increasing pressure from digital disruption and changing consumer expectations, financial institutions are turning to AI-powered chatbots and…
Core banking software is the backbone of modern banking operations, providing a comprehensive suite of solutions to manage critical functions such as…
APIs act as secure gateways, allowing third-party applications and platforms to seamlessly access and integrate with the banking services offered by BaaS…
The rise of Buy Now, Pay Later (BNPL) services has disrupted the traditional lending landscape, offering consumers a new way to finance…