Data is bread and butter in modern companies. Relying on your intuition is important but some tools give you an in-depth look. Combining these two methods produces tangible results. Don’t worry, you don’t have to be technically savvy to use data management tools. You just need to prioritize business goals and figure out how they can help you. Here’s a list of the most interesting business intelligence tools you may find useful.
Tag: FinTech software development
What is embedded finance? In a nutshell, it’s when a FinTech company puts its solutions in a third party’s app. For example, when you order a pizza and pay one way, out of multiple available options. Or when you are looking for a loan and your favorite financial app is recommending one of the top FinTech lending operators. The goal of embedded finance solutions is to provide a seamless and practical experience for users and broaden their choices while staying convenient.
Over the years, the FinTech industry has proven itself to be one of the most dynamic sectors of the global economy. Once again, it surprises with a pivot that can change customers’ habits and drive new streams of revenue. It’s called “banking as a service” (BaaS) and it stormtroops through the market. What is it? Can you participate in the trend?
Significantly. Research and development (R&D) drive the economy through innovation. That attracts talents that push new products and services even further, expanding the internal market and creating value for export. Finally, research and development positively affect business across the board – from internal processes, through new hires, ending with a long-term strategy for growth. How do research and development affect productivity and what should you do to make it happen?
Banking needs more and more raw power, as well as fast access to data from literally anywhere. Cloud computing is the perfect solution, as it allows for transferring information throughout the Internet in the most efficient way. But why exactly does it meet the banking needs so well and how do customers benefit from it? Answers to these and more questions are waiting for you in our new post!
FinTech has always been founded on the notion that traditional ways of doing business don’t work. There has to be an innovation that drives the sector. There has to be a value proposition that spikes customer’s interest. From now on, the money has to be secure, easy to manage, and available from anywhere and at any time. The FinTech blockchain market makes it possible.
Despite challenges associated with each solution and business model, all FinTech companies face the same basic problem – trust. People confide with these organizations to multiply, keep safe or simply loan money. Their money. That’s why an image is so valuable. There’s a way to build trust and ensure a high level of technical proficiency; all at the same time. It’s called blockchain.
FinTech or financial technology is one of the most vibrant sectors of a modern economy. The number of innovations implemented in the field exceeds the expectations of many analysts and users alike. FinTech is so successful because it combines healthy business interests on the side of applications’ owners and the daily needs of customers. A spectacular proof is the rise of insurance technology but the whole FinTech is full of novelties. Let’s discover them all.
The importance of transparency in the software development process extends beyond creating a product. It’s the quality of business relationships that really matters. The market-ready product, being the final stage of a business relation, is only a result. The reason behind its successful delivery by the vendor and the acceptance by the client is an honest partnership. How to make sure that transparency in software development really works?
A construction site on an alien planet is like a hive – everyone knows what to do, everyone has a specific role to play. There are risks and unknowns. Erection of a building under these circumstances requires careful planning, selection of materials, coordination, and teamwork. Similar rules apply in software development – engineers, product owners, designers, and quality assurance specialists are focused on their specific tasks. But the most important role is played not by developers; it’s reserved for the client. Here’s how the client’s responsibilities in product development translate into working application.
You surely have points to check before signing a contract with a development company. You want to make sure that the partner you are going to choose, is reliable and software quality is spot-on. This is part two of hour lenghty and very detailed article, so if you have questions to ask a software development company, visit the first material: Questions to ask before hiring software development company.
Software development contracts can be built in multiple ways but one thing that should matter the most is software quality. Meetings and calls before the start of product development will help you make a good decision and choose the right software vendor. What to pay attention to? What to avoid? How to learn more about your partner? We made a list of 20 questions to ask when signing a contract with a software development company.
Consumers of digital services expect quality service, security, and convenience. Machine learning (ML) in finance is the best example of how these needs can be fulfilled. Without compromising business models, and the need to generate revenue. With customer-centricity in mind. The best way to serve people what they need is to know them a little better. How is this goal achieved and what’s the state of machine learning adoption in the industry?
Artificial intelligence (AI) in FinTech is often associated with Big Data and analysis of customers’ behavior. In reality, it can be used in a wider range. Anti-money laundering (AML) AI is used to fight financial crime and secure apps’ reputation. After all, financial technology is all about trust. How is it done and what conclusions can you draw for yourself?
Digital disruption invented and implemented by FinTech companies is a double-edged sword. Companies that went after main-street banks and traditional insurance firms, now face another era. They have to innovate to stay alive. How leading insurance companies make use of artificial intelligence (AI) will make or break their businesses. Customers face new risks and want to make sure the InsurTech sector can calm their fears. This is how you can help them.
FinTech apps heavily rely on connecting with customers. They thrive by offering custom services to users bored and tired by classic banking. The more you know about your customers, the more you can give to them. The same works for prices – price optimization through machine learning is the ultimate tool for growing revenues. How is it done and what can you learn from existing examples?
Financial technology, or FinTech for short, is a hit. It’s a global revolution that transformed the lives of many people. It enabled them to hold onto a job, manage their finances, discover better options for their home budgets. The Kalifa FinTech review for 2021 shows how much this business has evolved in the UK – one of the most vibrant markets in the world. We work with the best – two of our clients contributed to the report.
Unless it’s about counting money on our bank account, then for many of us, numbers are hard to remember and boring. We need a context and a good reason to process them. Not to mention making something useful out of it. The same goes for FinTech users. What if you could help them through storytelling?
Wouldn’t it be great if you could just buy whatever you like and pay for it within a deferred payment system? It should be easy, convenient, and cheap. Other people thought exactly the same; that’s why “shop now, pay later” solutions came to be. How does it work, who are the top players and how can you benefit from this trend?
You are in the dark and complicated labyrinth. You can barely see the sun, the path has twists and turns and there’s no exit to be found. Backtracking seems to be the only option now. Retreating and finding a new path seems to be logical, and cost-effective. To save you from the headache, we have prepared this short but detailed FinTech UX and UI guide.
An old classic financial institution with multiple physical branches competes with the agile and low-cost mobile-only bank. Possible hundreds of years of tradition versus a few years or even a few months on the market. And yet, the mobile bank is on the rise, attracting users left and right; like a moth to a flame. They know their issues will be addressed quickly and every operation will take minutes, sometimes even seconds. If so, why many FinTech startups pivot early on and change the product? What common mistakes do they make?
Imagine you could change the world with a single act. A brief moment, a statement that changes the landscape for generations to come. And it’s not an act of desperation but rather convenience. It’s not a political statement but a consumer one. This is how Generation Z takes us to the world of cashless and instant-response society with a simple act of tapping the “Pay now” button. What do these people need and pay for, what are Generation Z’s spending habits?
Imagine you have a beautiful tree with a potential to bear fruit every season. It doesn’t come for free—you have to tend to it. Water the seedling, shelter from extreme weather conditions, protect from pests. Manage resources, so they can last for months. The same goes for successful project management. Many companies, especially startups, have great ideas and deep domain knowledge but lack project management skills to build products with long-lasting impact. Here’s a shortlist of key success factors and handy solutions provided by companies like ours.
In one of previous posts, Code & Pepper took you on a full-blown product design journey: from discovery to development. However, that roadmap wouldn’t be complete without at least hinting at some user experience notions. The compilation below focuses on certain aspects of UX, which come to the forefront in FinTech applications as make-or-break moments.