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The financial industry has always been a prime target for cybercriminals. As criminals are quickly growing more sophisticated, financial institutions must step up their cybersecurity approach and focus not just on gating data but on inside threats - specifically, those that have a root in access privilege abuse.
With the rise of accessible smartphones and global internet coverage, digital banking has proven to be a lucrative development opportunity for FinTech businesses. Whether you operate as a retail banking firm or a disruptive FinTech startup, 2020 and its upcoming trends are bound to inspire change in your business model.
Blockchain applications are no longer news in the IT world. And it's pretty evident on the growth and consistency with which these applications have transformed society. This, in turn, has created more awareness for both blockchain technology and its applications, causing many people to take an interest.
Financial technology or “fintech” has seen tremendous development over the past few years, but its growth on online platforms makes this industry uniquely vulnerable to security breaches. Some of the biggest U.S. companies have suffered from cybercriminal attacks (Equifax, Yahoo, Uber), which goes to show that fintech startups are even more vulnerable to hackers and need to have this issue front of mind. Since fintech companies are managing vast amounts of sensitive information, there’s a heightened need to take action from the start to ensure systems are secure from being compromised.
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The already rising popularity and adoption of cryptocurrencies will continue in 2024. However, its adoption, though revolutionary and very promising, hasn’t been without various challenges. Since its inception, cryptocurrencies have faced significant hurdles that affected their use and acceptance.
Cash flow is a worry for anyone who runs a business. Fortunately, the days of having to navigate Excel spreadsheets and paying large amounts of money for business accounts and card processing tools are (almost) over. Have a read of how technology could help keep your business healthy.
Technology has evolved through an epic speed, over the years, to assist humans in different ways. When compared between the time it all started and what it is today, technology has progressed through innovations and technological development such as 5G, blockchain, artificial intelligence, and power.
Regardless of your occupation, country of origin or lifestyle choices, healthcare is something we should all keep at the back of our minds at all times. Given the digitalization of banking and personal finance management we’ve experienced in recent years, it goes without saying that the healthcare industry could benefit from adopting recent trends into their servicing portfolio.
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Mergers and acquisitions (M&A) play a crucial role in the growth and expansion of businesses worldwide. They enable companies to increase market share, diversify product and service offerings, and achieve economies of scale. A successful M&A transaction can lead to significant competitive advantages and long-term value creation for the involved organizations.
The financial industry has been the most reluctant to completely migrate to more sophisticated technologies. As time went on and new security measures were introduced, the finance industry started transforming into what is called fintech.
If you’re an Australian business owner, the last few years have been frustrating ones. Ever since the Royal Commission exposed their lax lending standards in 2017, the Big Four have been in lockdown mode.
We are living in the golden age of financialization. Everything we know is already financialized or is on the verge of getting financialized.
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Blockchain, an evolving technology that has influenced many industries, including finance, tech, real estate, and gaming, is created by various programming languages.
FinTech is one of the most innovative sectors in modern business, so it’s no wonder that it’s also one of the fastest-growing. New technologies like blockchain and machine learning are being used to produce value at a blistering rate, so already it’s hard to imagine a digital economy without FinTech. More and more financial and technical professionals alike are catching on to the fact that FinTech is transforming the digital industry, but with such a booming market it can be difficult to know how to make your mark. Here are a few simple ways to get a solid start in this exciting new sector.
Like manufacturing and other sectors of global industries, industry 4.0 has also impacted fintech and the financial services significantly. The impact of industry 4.0 precisely referred to as I-4 is very prevalent from online payments, digital loans, plastic money, cryptocurrency, online forex trading, and many other financial activities in the financial services.
There’s cause for celebration in the global banking industry – it’s more profitable and much more resilient than ever after the financial crisis. However, facing the next stage of growth, everyone from startups and established banks are at an inflection point. What they do now is going to determine how they capture the next generation of clients.
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In today’s world, many financial services applications rely on APIs to exchange data and interact with external systems. With the increasing adoption of cloud computing, the usage of APIs has grown exponentially, making API security a top priority for financial organizations.
While ICOs were touted as one of the killer applications of blockchain technology, they had a fair share of pitfalls. Throughout the years 2017 and 2018, Billions of Dollars in capital were both raised and destroyed in what can be called blockchain’s equivalent of the Dotcom bubble. While many people attribute that to fraudulent schemes that were commonplace during the ICO hype, this is only half the truth.
Interested in investing in the mobile payment and fintech industry? Then you’re not alone. Fintech has been one of the biggest investment trends in the past couple of years and for many investors, it has paid very well.
Today it’s easy to imagine yourself sending money to a friend, or buying a product within several seconds. It’s all thanks to the boom in fintech. The investment in fintech has been dramatically rising in the last years, as many countries want to become the hubs of cutting-edge fintech innovation.
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How mathematics is used in tech? From fintech to artificial intelligence and data analysis, discover how math creates the technology we rely on today. Explore its role in innovation!
Two of the most innovative and most recent explosions of technology into the modern world are, without a doubt, Internet of Things devices (IoT) and cryptocurrencies. Both have revolutionised the world in so many different ways, and when combined, amazing things are happening, all of which we’re going to explore today.
Fintech remains fearless in the face of traditional banking. Rapidly evolving to meet consumer needs that they never even knew they had. In ten short years, we have sped away from checkbooks and bank tellers and toward paperless, even wallet-less, payment methods. First, there were contactless card payments and now it is no longer necessary to carry a debit or visa card, just a mobile phone, and the necessary app.
What started from Pokemon Go and Snapchat, the market of Augmented Reality (AR) has continued to flourish with every single day. It has not solely established its significance in the gaming and social media industry but has also entered into various other domains - with Fintech no exception.
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To differentiate their products and services from ever-increasing competition and drive down operational costs, financial services organizations globally are accelerating their digital transformation initiatives.