The banking ecosystem continues to evolve, with several emerging themes that will play significant roles in the transformation of both new and traditional financial services businesses. These trends should provide the foundation for strategic planning and for the prioritizing of investments in the near term.
Artificial intelligence (AI) has transformed financial services in recent years and is poised to completely revolutionize the world of payments in the near future. With the ability to quickly analyze massive quantities of data to derive important insights and information, AI is used by businesses to create efficiencies and recognize patterns that can improve decision making.
It seems a rather trite thing to say that the world has changed. But, it is true. In 2021, seismic shifts are everywhere from crypto assets to payments, lending to capital markets and banking, and financial services professionals have had to sprint just to keep up, let alone forge ahead with their own innovations.
The world of finance, as we know it, is changing. From new currencies to new possibilities in trade, innovation has been unlocked with a single key: artificial intelligence. Almost all new approaches to managing money have AI in their DNA.
Before Covid, payments companies were some of fintech’s fastest-growing. As the pandemic caused online transactions to spike, these startups went on an unprecedented tear. Stripe and Plaid nearly tripled their valuations in a year, reaching $95 and $13.4 billion, respectively.
While most businesses may not have adopted big data, data science and analytics are revolutionizing the fintech industry. The ability to process large amounts of data and derive meaningful insights through analytics has an immense impact on fintech. Not only does it help in making smart business decisions, but it also plays a key role in boosting efficiency and customer experience.
The last one year and a half hasn’t been promising for any of us. Irrespective of how developed the country is, the pandemic left a blow to an extent that goes way beyond expectations.
We are now living in the thick of the Fourth Industrial Revolution (IR 4.0), and with it has come an explosion of financial technology (fintech) innovation. Characterized by the avalanche of data produced daily, IR 4.0 brings about the complete disruption of many industries and their business models.
As a consumer, before buying any new product, we judge the product effectiveness by taking recommendations from credible sources. Based on this sentiment analysis, companies launching their products look for hooking influential blogging sites, social media pages, vloggers to affiliate their product, thus increasing the brand value and sales.
Fintech, or financial technology, is a growing area in various locations around the world. The industry is becoming increasingly appealing to all kinds of professionals and students, promising exciting opportunities in everything from cryptocurrency to digital banking. As the world continues through its period of digital transformation, fintech promises a future where we can all manage our money more effectively.
One Big Thing In Fintech: Robinhood Markets Inc unveiled a new platform that will give retail investors the opportunity to buy shares in initial public offerings, something that has long been the exclusive domain of Wall Street funds.
There really is no overstating just how operationally different a fintech company is to a traditional, established, financial services organisation.
The relationship between Fintech and Forex trading is undeniable. Find out how these two technologies are feeding into each other and benefiting everyone.
Fintech companies in Africa raised more capital despite the Covid-19 pandemic, standing in contrast to their emerging-market peers such as Latin America that saw a decline. Most investment on the continent, according to a new report, flowed to South Africa, Nigeria and Kenya.
Financial technology – or ‘FinTech’ – has grown from a relatively obscure contraction into a near-household name over the past few years. While it may once have been associated with complex international transactions, governments and private banks have championed new ways of dealing with money all via the power of technology.