Financial technology is swiftly moving forward and significantly disrupting the traditional financial services panorama. From the very beginning, FinTech has inflated to include other technologies including Blockchain, Artificial Intelligence, Machine Learning and Decentralized Finance (also known as, DeFi). The pertaining transition is changing the ways of services being delivered and modifying the responsibilities and the skills required in a finance professional. This paper evaluates the overall progression in FinTech, its inference in the financial services industry, and the required adaptability of finance professionals to stay afloat/ updated in the ever so changing technology sponsored automation, data analytics and emerging trends in technology.
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Loan servicing software automates your loan management lifecycle—reduce manual errors, fraud, compliance risks, and operating cost, helping your business stand out.
The payment processing industry is on the brink of major disruption, one caused by technological growth and changing consumer expectations. Cloud computing, blockchain, and real-time payment (RTP) solutions are revolutionizing how transactions are conducted and settled from start to finish.
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With financial technology (fintech) companies growing in number, scale and market share, banks have faced a choice in recent years of whether to view them solely as competitors or to partner with them in a mutually beneficial manner.
Blockchain technology has gained immense popularity in recent years, reshaping how financial transactions are regulated, verified, and recorded. Since the evolvement of payments digitization continues, blockchain’s decentralized and transparent nature offers substantial potential for improving financial processes, including cash flow forecasting.
Designing a modern gig payments solution requires a thorough understanding of the unique needs of gig workers and the technical complexities involved.
According to WEF estimates, there are 1.4 billion unbanked people worldwide.
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Financial technology (FinTech) has completely transformed the way in which our money is managed, controlled and stored. This host of innovative ways available to handle our finances have resulted in greater speed and convenience.
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Is adopting cryptocurrency as payment your next stop? Let’s help you learn more about the potential challenges in data privacy in cryptocurrency transactions.
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Account takeover (ATO) attacks which are unauthorized access and control over a user's account, have led to massive financial fraud over the past few years.
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Cryptocurrency payment integration has become a testament to the fact that businesses keep on innovating and trying to stay marginally ahead of their respective industry curves.
Financial innovations have greatly improved financial inclusion by providing access to formal financial services to unbanked segments of population and businesses. Financial innovation has blurred the regulatory boundaries of the financial system, with nonbanks offering financial services and moving into financial intermediation. Telecom revolution, particularly mobile phones have allowed developing countries to leapfrog traditional banking models and make significant gains in financial inclusion.
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Loan Management software acts as a centralized software which is utilized for holding, managing and verification of borrower data, thereby enhancing customer experience. Businesses, including credit unions, banks, payday and mortgage lenders mainly use it.
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It is impossible to imagine a modern business without electronic transactions. They have become the norm, and instant payment gateways have become an integral part of the successful operation of modern companies. Namely, their role in ensuring the security, speed, and efficiency of operations.
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The introduction of cryptocurrency has catapulted the financial world into the future ever since Bitcoin was introduced. The use of digital currencies is increasing as more of the world accepts it as currency.