As fintech companies launch their own payment and cryptocurrency projects and regulators introduce new legislation to control these companies, central banks around the world continue to look at developing CBDC projects. So, what exactly is a CBDC? For starters, CBDC stands for Central Bank Digital Currency and is a virtual currency issued directly from a …
With the number of online purchases using BNPL services increasing at a rate of 39% annually, more and more lenders are starting to take an interest in using high BNPL, and how this data will be included in risk models and scores. Against this backdrop, and with the Treasury preparing to close its consultations on …
Open bank payments are already changing the way consumers and businesses pay and get paid. And the numbers began to finally support the open banking hype with more than 3 million successful payments within the UK, in November 2021 alone (compared to 4 million in the whole of 2020). While open banking has been driving …
Fintech hasn’t just changed traditional banking. It revolutionized that. Over the past decade, the rise of competing technology-first banks like Revolut, Starling and Monzo has sent traditional players frantically modernizing their legacy infrastructure and bringing their offerings into the 21st century. More than anything else, the fintech boom has put the customer experience front and …
an introduction The digital world is evolving over the years. The technological marvel will reach great heights and still evolve into something highly recognizable by all. Several improvements have been made in the past few years and a dominant advance has been added to the digital space portfolio; NFTs technology. Nowadays, this innovative technology is …
The path of a sector is so inexplicable that it cannot be compared or measured with any other sector, but it is promising. NFTs make some pretty loud noises in the trade sector. Although the industry is fairly new, its use cases are being teased and tested with many other sectors, and most of them …
Over the past ten years, a real revolution has taken place in the field of finance. The infrastructure has changed, and the whole world has moved to smartphones with accessible and cheap internet. Hundreds of fintech companies have been allowed to emerge. Today, any new technology can be used to create financial solutions. But will …
As bank executives grapple with low profit margins and competitive pressures, community and regional bankers must find ways to retain clients, deepen relationships, and attract new clients. Innovative new revenue streams in untapped markets may help banks improve margins, ease competitive pressures, and continually improve relationships with new and existing customers. Innovate with Digital Currency …
FinTechs has one major advantage in the market – flexibility. They were able to move quickly to develop and roll out new features before traditional banks. However, we are now seeing traditional banks introducing the same features. In 2022, the winners will be those who have the infrastructure leverage to seize the new opportunities of …
Example of robotics project and end-to-end delivery roadmap Author: George Peters Automation, artificial intelligence (AI), and direct processing are having a profound impact on the global financial services (FS) arena. Very few industries in history have experienced such a rapid rise in popularity, with 76% of senior decision makers (1) in FS stating that they …