The recent services are developed for the customers who don’t have classical bank account. PayPal is trying to spread out something closer to a real bank, as reported by The Wall Street Journal. It is starting to present more classical banking services to clients, along with ATM-adaptable debit cards, direct depositing...
Pintec Technology is a Chinese Fintech from. It has recently tied up with United overseas bank Ltd. The joint venture will build a product which will assess the credit provider of the consumers in order to provide them with better financial products and solutions. The joint venture will work...
Recently, the central government of India announced that it will be setting up a proper committee for the Fintech sector. The committee will be headed by Subhash Chandra Garg, Secretary of Department of Economic Affairs. The aim of the committee will help the Fintech sector establish their business in...
The technological innovations sprouting out of Fintech firms have implications well beyond the financial sector. Take the example of blockchain technology, which has its application in gaming sector as well. With the size of over $100 billion, the gaming industry is finding out ways to benefit from blockchain technology. One...
Over a period of twelve months, a study was carried out to find out how much the citizens of Britain were willing to adopt the services of Fintech companies. The result showed that quite a number of citizens had some reservations concerning the privacy of their data that will...
CLSA is currently overweighing on the banking sector in ASEAN economies. However, the Fintech sector is entirely changed in the banking sector. According to a report by the brokerage focusing solely on banking in Singapore as well as Hong Kong, the Singapore market is the best for banks currently. The changing...
Most of the Fintech start-ups are able to raise capital pretty easily. The venture capital firms, as well as investors, are pouring in dollars in Fintech start-ups. However, many individuals actually worry about the survival of the start-ups. The finance industry consists of behemoths which are reluctant to know...
Innovation in the Fintech sector continues: A $100 million joint venture was announced between The German fintech incubator FinLab AG and Block.one, developer of the Blockchain software platform EOS.IO. The main aim is to develop projects that would incorporate EOS software. One of the partner in the joint venture is...
A research by McKinsey & Company has revealed the financial technology innovators have conspicuously made in-roads into the capital markets. The report titled Fintech Decoded: Capturing the opportunity in capital markets infrastructure revealed that the fintech growth has far outstripped other areas of financial services. Thus, rising by 277%...
Fintech is viewed as a new competitor in the market. Collaboration of banking industry with Fintech will only help to increase new businesses, improve the experience of customers and generate revenues. A lot of people have concluded Fintech to be a revolution declining the old school financial strategies. With other...