Fintech companies have many advantages over incumbents. They are smaller and more flexible, allowing them to offer various financial services at significantly lower costs. Financial technology also don’t have to worry about the existing technological infrastructure, which is a major problem for incumbents. Older tech infrastructure is often outdated, and patches are often layered on […]
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With the number of financial breaches hitting the headlines, security is an overriding concern for all financial services. Moreover, the privacy and ownership of data will be a focus of regulatory scrutiny in digital banking. While nations will approach data ownership issues at their own pace, an ideal outcome would be comprehensive national standards. In […]
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Several trends in the financial services industry will impact how the industry operates in the future. These include Open API banking, Blockchain technology, Generative AI, and Autonomic systems. These trends will affect how we manage our finances and make the financial services industry more efficient. Open API banking Open API banking is a technology set […]
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Blockchain Technology is a decentralized ledger that increases security, blocks identity theft, and lowers costs. There are several benefits to blockchain implementation in the financial services industry. Let’s explore some of them: Blockchain can help financial institutions comply with Know Your Customer (KYC) regulations. While this is a crucial requirement for any financial institution, the […]
Read MoreThe impact of technology on the financial services industry is massive. As a result, financial institutions are forced to change their traditional ways and adapt to more flexible approaches. IoT applications, AI, and Blockchain, are just a few examples of these new technologies that are set to revolutionize the financial services industry. IoT applications […]
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The world is changing because of the new technologies that are coming out. There are many reasons to invest in the technology, such as blockchain, the Internet of Things, cloud-native technologies, and artificial intelligence (AI). These trends will continue to affect the world around us and how businesses and people do their jobs. Things on […]
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In this article, we will explore some of the latest trends in software development and what they mean for the industry’s future. AI and machine learning, Cloud computing, Low-code/no-code development, Human augmentation, and augmented reality are some of the most important. While these trends are already taking hold in the software industry, we expect them […]
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Financial service providers increasingly need to create a 360-degree experience to draw clients. With a concentration on mobile and other technologies, the market for digital access is becoming increasingly hazy. Providers can differentiate themselves from the competition and increase their revenue streams by utilizing these trends. The following list of five tech trends for 2022 […]
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