banking as a personal assistant

Banking is the Next Personal Assistant

We envision banks as these massive vaults filled with money. While there’s some truth to that assumption, your average bank is so much more. We can expect that banking is the next personal assistant. Banks are massively complicated institutions that operate on a lot of different (often proprietary) systems working seamlessly in conjunction with one […]

fintech and mortgages

Fintech is Changing Everything in the Mortgage Industry

At the time of this writing, there was over $15 trillion in outstanding mortgage debt in the US, making it the largest type of outstanding debt in the country. Mortages represents an industry for which business is booming – and that’s attracting a whole slew of new competition into the space. Much of it is […]

How Fintech Can Help Startups Grow Faster

Fintech has proven invaluable in the startup world. When you’re starting from scratch, you need all the help you can get, and fintech solutions quickly come to the rescue. Thanks to these financial services, many a small business has begun to thrive. Let’s take a closer look at how technology has simplified the financial matters […]

finger browsing a fintech app on an iPhone

FinTech is Transforming the Finance Industry

The FinTech industry is transforming the financial services landscape. Operators in this field consist of a range of enterprises that leverage technology to deliver bold new services to consumers and businesses. The impact of the FinTech industry on the financial industry can’t be overemphasized. In 2015, investment in FinTech surpassed $19 billion. At that time, […]

The US Is at Risk of Becoming a Second-Tier Financial Hub If Regulators Don’t Embrace Crypto

Among fintech enthusiasts, cryptocurrency is often the life of the party — and regulation is the elephant in the room. For a while now, we’ve heard whispers about the need for crypto-specific regulations in the community, and after appointing the first-ever senior advisor for digital assets and innovation back in June, it’s clear the U.S. Securities and Exchange Commission […]

blockchain technology

4 Ways to Enter the Blockchain Industry

Blockchain is, in essence, an encrypted peer-to-peer distributed databases. It’s powered by countless computers located disparately around the world. The system is a growing, ordered collection of records called blocks, each with a timestamp that’s linked to a previous block. The technology uses cryptography to make sure that users can only edit their own blocks. […]

Robo-Advisors Are Coming. So What’s Stopping Them?

As technology continues its seemingly endless evolution, robots are taking over customer service and back-end data analysis. Combining those functions to create robo-advisors makes perfect sense. Unconvinced? Look at the financial sector. Experts who weighed in as part of Financial Planning’s survey believe that wealth management firms will continue to invest in robo-advisors and financial mobile app development as the […]

fintech and bitcoin

5 Tips for Protecting Your FinTech Data Assets

Nasdaq’s automated quotations in the mid-seventies and online shopping in the mid-eighties were disruptive technologies for financial field. The latest disruptive fintech innovation, cryptocurrency, is gaining popularity with consumers, businesses and governmental bodies. Large corporations and governments are particularly interested in the underlying technology of cryptocurrency called blockchain. In fact, many organizations have launched initiatives […]

Bitcoin

Ukrainian goes with Bitcoin ATMs to bypass banking system

Ukraine will soon have 150 new ATMs for both buying and selling cryptocurrencies, with around 30 of the machines slated to open by the end of August, The Kiyv Post has learned from Mike Chobanyan, head of the Bitcoin agency in Ukraine. The devices will allow both selling and buying hryvnias, the national currency, and a variety of […]

3 key drivers of Booking.com’s financial innovation

Big data and related technology are transforming the way businesses approach data analysis. While the sheer volume of data from its disparate sources have made data analysis and the process of extracting insights a challenging task for businesses, there are a few data-driven companies that can give us inspiration and direction. Booking.com has always been at the forefront of technology. Owned […]

6 ways that IoT is reshaping today’s insurance proposition

Ovum believes that the global insurance industry is entering a distinct phase of disruptive change driven by the Internet of Things (IoT). While the insurance industry has undergone significant technology-driven change in the last fifteen years, the basic insurance modus operandi has remained the same. However, as the industry enters this new phase, emerging IoT-based […]

With new ecosystems, is the future bright for banking?

Next year is likely to be a game-changing year for the banking and finance sector. As the General Data Protection Regulation (GDPR) and Revised Payment Service Directive (PSD2) are implemented across the European Union, the exclusive control of banks and other financial institutions on financial data of their customers is about to end. These new […]