The financial technology sector is one of the fastest growing sectors today and this is mostly due to the growing demand for high-end financial services. Technology is constantly evolving day in, day out and the financial technology branch has not been left stagnant as can be seen through concepts...
Bitcoin (BTC) enthusiasts and investors maintained their positions during the past summer, while crypto markets appear to have gained more stability, according to a new research conducted by Chainalysis. Details of the Study The data compiled in the report was obtained using the concept of standardization monetary aggregates. Categorically, the...
In most of the cases, it has been found that Fintech companies often cater to the millennials. They often develop products which are specifically geared towards the millennials. However, the millennial market, after all, is a portion of the entire market. That is why it is high time that...
How about paying your bill online and messaging your contact at the same time; sounds very cool right? According to reports, Google has added chat features to its payment app in India. Google has decided to add chat features to its Tez mobile money app to get more foothold of its...
Many of the Fintech companies are actually expanding at a rapid pace. That does not mean that there are no challenges in running a Fintech company. We will today highlight some of the challenges which are faced by the entrepreneurs when running a Fintech company. Cash transactions: In many of...
In recent years, the discussions concerning banking technology have seen three key phrases, which topped the agenda including - APIs, DLT (Distributed Ledger Technology) and PSD2 (Payment Services Directive II). Even though DLT is in a mood to compete with other two concepts for media interest, yet the technology...
The World Economic Forum is on the move to strengthen further the cybersecurity of fintech firms and data aggregators. WEF has recently formed a four member fintech cyber security consortium to battle threats against cyber security. The fintech cyber security consortium are made up of City and Kabbage,  DTCC, Hewlett Packard...
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...
Bank of America is devising plans to launch over 500 new branches during next four years. This mammoth expansion is the part of a programme, which relates to the revamping of 1500 sites with new technology. Since, customer’s interest towards digital channels is surging, banks have shuttered their physical networks...
Disruptive technology in financial services come with challenges that need time to solve. The financial sector is increasing its investments in Fintech firms as the research suggests that customers go for the idea of on-demand finance. This is to challenge the agility and flexibility afforded by the Fintech firms that make...