Tag: FinTech industry

How Decentralized Finance (DeFi) is Revolutionizing the Financial Sector

Decentralized Finance application

Decentralized Finance (DeFi) has emerged as a revolutionary force within the financial sector, leveraging blockchain technology to transform traditional financial systems. DeFi applications offer a suite of financial services, including lending, borrowing, trading, and investing, without the need for intermediaries like banks or brokers. This paradigm shift has democratized access to financial services, reduced costs, and increased transparency.

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Loyalty in Fintech – How Can Your Business Push Boundaries?

Delivering needed and reliable products and services is not enough anymore. With the current market saturation and over-the-top third-party partnerships enhancing the offer even more, fintech companies are forced by the landscape to search for something extra. This ingredient is called loyalty. By providing actionable insights, your platform can be turned into a lead magnet that combines both fintech and customer incentives.

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Updraft – Uplifting by Lowering

Fintech can be a minefield. With a heavy market saturation and many similar solutions on the market, you need something extra to stand out. The idea behind Updraft, a UK-based fintech, is simple: lending. The story behind it is even simpler: let’s make something that will fill the market void. The result? The business draft that turned into a solid business, uplifting hundreds of thousands of customers.

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How to Meet Investors’ Demands for Long-term Profitable and ESG-Aligned Fintech Businesses?

Regulatory compliance is a must for every fintech out there. Business conditions vary depending on the market, industry sector, etc. The common denominator is that companies need to take into account strict ESG laws. How to navigate these waters, what are the current trends, and how to build the resilient ESG fintech sector?

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FinTech Wire: Episode #62 – Non-Mainstream Insights, January 2024

Beyond the dominating shadows of mainstream giants lies the vibrant, evolving pulse of the FinTech industry. How do you pierce through this veil of information to uncover the hidden gems of FinTech innovation? Discover the secrets with FinTech Wire – your portal to the niche, dynamic news in the world of financial technology. Dive into the FinTech alcove with episode 62 of FinTech Wire, your keyhole to the industry’s most closely guarded insights!

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FinTech Wire: Non-Mainstream News for October 2023

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!

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Landscape Shift: The Impact of the Updated EU Consumer Credit Directive on Tech Solutions

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.

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The High Cost of Tech Inertia in Financial Institutions: Why Lagging Behind is No Longer an Option

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.

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Latest Digital Currency Trends and Their Impact on FinTech Product Development

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?

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Top 7 FinTech Industry Trends in 2023

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. 

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FinTech and ESG Tech – Is There a Crossover?

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?

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How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry

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?

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Open Banking API Standards & Regulations 2022

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.

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7 Biggest Fintech Trends to Watch in 2022

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?

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What Are Top KYC Solutions and Who Does It Best – 2022 Update

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.

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Price Comparison Sites Are Smarter Than You Think

Update

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.

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What Are Microservices? Architecture, Importance, Advantages, Types

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?

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FinTech Wire #51: Biggest Equity Crowdfund on Crowdcube, UK FinTech Adoption Reaches 86%

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.

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