Overwhelmed by the usual FinTech giants? This October, take a refreshing journey with FinTech Wire. Delve into Rnwl’s collaboration with Barclays, Stoïk’s cybersecurity breakthroughs, Tembo’s innovative AI mortgages, and HyperJar’s notable funding. Look beyond the headlines and meet the hidden stars of FinTech. Ready for a unique take on FinTech news? It’s just a click away!
Tag: FinTech industry
The European Union, known for its rigorous approach to consumer protection, has recently taken significant steps to reform its Consumer Credit Directive (CCD). As consumer credit becomes more prevalent across member states, this move signifies the EU’s proactive approach to financial regulation, particularly on the retail side.
The term “Tech Inertia” refers to the resistance organizations face when adopting new technologies. For financial institutions, lagging behind in technology adoption is not just a minor hiccup; it’s a potentially crippling business problem. In an era where digital transformation is at the forefront of organizational development, financial institutions can ill afford to have tech inertia impede their growth. Let’s dive into the significant costs associated with being too slow to adapt to new technologies in the rapidly evolving financial services sector.
Central Bank Digital Currencies (CBDC) are among the strong trends emerging today in the FinTech world. The latest digital currency trends show that turning to the elimination of cash, implementing blockchain, and developing digital wallets are pillars of what might come in the future. A cashless society with billions of financial operations per minute. There are, however, counter actions from major markets. China blocked the usage of crypto, Russia is thinking about it. Where is it all going and what consequences to FinTech will it spawn?
During the last two years, FinTech accelerated and grew through the roof. Partly because of the global success of e-commerce and the widely known consequences of the COVID-19 situation. Now it’s time to take it a step further. What will shape FinTech industry trends in 2023 and what could be the outcome for your company? Let’s review the current market landscape.
The high interconnectivity of our world and challenges related to nature and its well-being spawned the rise of ESG consciousness. It stands for environmental, social, and governance criteria in the professional environment. Even companies that have nothing to do with fossil fuels are implementing ESG strategies. That includes FinTech. Why is that important and what is ESG tech? How can both worlds benefit from cooperation?
We are living in a global society where “point oh” defines and describes the evolution of things. Industry, internet, social phenomenons. We got Industry 4.0 and Web 3.0. Both complement and complete each other. To some extent, both are a natural consequence of one another. What is Web 3.0 and what is its impact on DeFi and the future of finance?
“Open banking standards” is a term used for technologies and regulations used to provide third-party service providers consumer’s banking data. This data can be used in many ways. To provide and keep operational things like web and mobile apps, financial services, and more. To make it all possible, governments issued open banking standards and open banking directives. Since compliance, along with security, is the most vital part of FinTech business, we provide you with a brief list of open banking regulations and application programming interfaces (APIs) standards to watch out for in the upcoming months and years.
FinTech is always bursting with ideas. New trends come and go, applications rise and fall. What’s constant is the consumer’s need to find a tool assisting with everyday life challenges and occasions. FinTech trends in 2022 are special because they sum up an era of product development while pointing towards what’s to come. The market landscape will look like nothing before. Are you ready for it?
Knowing your audience is key to everything you do. It’s impossible to sell a product or service without targeting it to a particular group. But how to determine who would be interested in spending their money on what you have to offer? One may just guess, but thorough research is always a better option. Let’s find out how to do it effectively and what KYC service providers to use in order to market successfully.
Ecommerce is now nothing like it was ten years ago, independent online shops now have so many ways to reach new customers. Besides marketplaces, one of the most impactful of them are now price comparison sites. These aggregators grew to major players in ecommerce and how they work is fascinating. Find out all about them from this article.
What are microservices? They are loosely bound, light services and protocols that can build your application. Highly specialized in nature, they tackle specific topics and handle challenges in a very agile way. Through this specialization, your application can perform better. What exactly is microservices architecture and what are the advantages of microservices?
This week the savings platform Chip breaks records with its crowdfunding round held on Crowdcube. Meanwhile, Plaid, the open banking company, has released a report revealing that more people use financial technology than video streaming services or social media. Read on for more insights from this research as well as a breakdown of new product launches from Credit Kudos, ilumoni, and GoHenry.
We might be far into the second half of 2021 but there is no sign of slowing down for the financial industry. It’s as if with the end of the summer in the northern hemisphere, everyone is ready to go back to school to study and see their friends. There is a noticeable proliferation of webinars, shows and conferences such as Money 20/20 Europe or Sibos by SWIFT. There are also more and more new names joining the ranks of successful FinTechs with Sugi, Point and BankiFi taking the lead this week. Find out the details in the latest issue of FinTech Wire!
What is the real meaning of sustainability? How to differentiate between a genuinely sustainable practice and greenwashing? And how does sustainability relate to economic growth? Check out the next episode of Ask Me AnyFin, where we talk to Richard Peers, the founder of ResponsibleRisk — an innovative consultancy that drives improvements in sustainable finance. Sit, relax and watch the video or read the transcript below to discover inspiring insights from the green FinTech world.
One of the main missions of software developers’ work is to deeply understand the product they are working on and the real problem that the product is supposed to solve. In the new episode of Ask Me AnyFin, we talk to Koray Koska, who tells us the story of how he turned from a software developer to a startup co-founder and how the idea of VitraCash – a smart debit card – was born. What is the truth behind the “magic” smart tools like VitraCash? And what are the biggest challenges of entering the FinTech market? Check out our interview for all the answers!
2020 was a year almost everything changed for most of the industries, but there is one that was affected especially severely, yet it manages to adapt. Trade fairs and conferences, including FinTech events, went 100% online and you can still take part in most of them. Moreover, thanks to dedicated platforms, it’s now easier and more accessible than ever.
We are very pleased to see women entering the world of IT and conquering it with knowledge, passion, and customer-centricity. Natalia Cholewa, our Lead Product Owner and Head of Engineering, is now an expert for Let’s Solve IT. The initiative helps women enter the industry and overcome challenges during short online consulting sessions.