How are Digital Wallets Driving Factor of Sustainability?
The expansion of FinTech (Financial Technology) unlocks new trends that help people leverage their income through investment and advanced banking solutions. One such progressive step to save the environment with minimum paper wastage is cashless transactions, which have been introduced to ease secure and convenient payment. According to the report released by the World Economic…
John David
Peer-to-Peer Lending: Prosperity or Peril?
How long is it gonna take? Why is my loan not being approved? …. These are some of the questions that American citizens have asked at least once in their lifetime while securing a loan from the bank. Sometimes, you might even face discrimination by loan officials based on race, gender, and more. What can…
Stripe Success Story: The Triumphant Story of Two Brother
Evolution is a constant process that enables humans to survive in their surroundings. This evolution can be physical, mental, or, in this case, financial. We have come a long way regarding how we trade with one another. Our civilizations started by applying a barter system. Then slowly but steadily progressed to a point where every…
7 Hottest Fintech Trends For 2024 Shaping The Future
Since the introduction of fintech, which is short for financial technology, the finance industry has completely changed how we trade, make transactions, and deal with our money. Fintech has taken the financial world by storm and started a new era of digital financial services. Looking ahead to the next year, it is clear that fintech…
Everything You Need To Know About Tokenization Funds
As we move ahead in time, the technological revolution is reshaping every industry it enters. On 03/01/2024, Citi Bank confirmed that it had completed the proof of concept on tokenizing private funds along with Wellington Management and WisdomTree, the fund managers. Citi Bank is not the only one that uses blockchain technology in finance; Hamilton…
Fintech: Shaping The Future Banking
Fintech, short for Financial Technology, is a rapidly evolving term in the financial landscape. Basically, fintech bridges the gap between traditional banking institutes and innovative financial technology companies. In simple terms, fintech is the future of traditional banking. As per Fortune Business Insights, global fintech was valued at $257.26 billion in 2022 and is expected…
Language of Financial: A Glossary for Open Banking and Open Finance
Open banking is closely linked to the Fintech industry. In recent years, new concepts have been introduced to open banking and the open finance sector. Thus, understanding the financial terms and abbreviations is crucial to stay abreast with the industry. With the constant evolution in technology and concepts, we have compiled a glossary for open…
Fintech Insights: 10 Books Every Professional Should Read
In the changing financial technology (fintech) world, staying ahead of innovation has become paramount for professionals. Whether you are an experienced fintech professional or just starting your journey in fintech, these 10 books offer invaluable insights into the industry’s trends, challenges, and innovations. The Fintech Book by Susanne Chishti This book is a comprehensive guide…
US-Based Bank Locks TCS For Technology Transformation
Technology is at the forefront of businesses nowadays. This is especially true for Fintechs or financial establishments; call it moving with the times. Recently, TCS announced that it will provide its services for the core technology transformation of one of the biggest regional banks in the Midwest, the Central Bank. The bank has opted for…