The Corona Virus has hit the global economy in various ways. Yet, the most undebatable issue is not the extent of the crisis, but the mere fact that it was unexpected. The International Monetary Fund (hereinafter) has even deemed this crisis the worst financial crisis since the Great Depression. This unpleasant surprise has caused some…
Growing digital-based financial transactions may lead to security risks also. Looking into banking, insurance, and business trading industries, the consumers prefer minimization of transaction cost or the commissions by the direct payments. This feature enables the financial mobile application shortly called Fintech. With the use of the Fintech applications, the management of financial transactions among…
We have come a long way due to technology. Right from the steam engine that helped transform manufacturing and transportation, to computing and the internet that drastically transformed the exchange of information. All of these technologies have empowered innovations that have solved ample of problems and improved our quality of life. Now, we are in…
The future of finance is fintech, and it was already looking even more & more technological with remote using increasing, but with the spread of this horrible coronavirus, it has seemingly been pushed ahead even faster now! Before the outbreak, millions of people were already using digital banking & fintech services like mobile deposit, balance…
The future of FinTech and Banking in 2020 is something that most of us in this field think about, every single day. In fact, Fintech is nowadays seriously competing with banking and some of the FinTech are small ones and have nimble footprints. What is FinTech? Fintech, also called Financial Technology, is essentially a way…
From office work to the daily chores, almost everything involves the usage of technology. The field of logistics is also becoming dependent on the internet and technology. E-commerce business is expected to grow to 4.9 trillion dollars by 2021 and in the logistics sector, it is predicted that the business will grow to USD 81.78…
Among all the success factors of digital transformation, agility is one of the most important ones and applies to banks and the financial services industry. To compete with the fast-moving digital world, banks have to move from legacy operational processes. Their aim is to create a good experience which is the key success factor in…
“In the most basic and broadest sense, fintech (a portmanteau of financial technology) is essentially any technological advancement in financial services. A savings account certainly falls under the fintech umbrella, but so do cryptocurrencies or using cloud services, AI, and big data for investing, insurance, and securities. Fintech growth isn’t slowing down. With an industry…
While banks traditionally maintained a stronghold on innovation and efficiency in the financial sphere, catastrophic events like the Great Depression and subsequent recessions paved the way for fintech companies to disrupt the banking landscape for individual consumers and large corporations alike. At first, banks were resistant to adopting new technology because of the size of…
Big Data, automation techniques, smart technology, and advanced analytics are changing the dynamics of every industry. Whether it is retail, commercial properties, electronics or even insurance industry, there are thousands of use-cases and implementations of Big Data found everywhere. In the digital era, when technology adaptation is not a trend but a necessity to stay…
