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Modern FinTech business very often benefits from technological solutions. More and more companies in the financial business are daring to go to the next level with their services in order to reach a wider range of customers and be one step ahead of the available competition. Therefore, more and more initiatives are being developed to facilitate this process.
28th
June
2023
FinTech
7 Useful Features You Should Consider When Developing Your FinTech App
As we know very well, modern finance is almost nothing like the realities known just a few decades ago. All this is due to the great development of services with the support of modern technologies. The traditional circulation of money in the form of cash is slowly being replaced by digital transactions.
19th
June
2023
FinTech
The Impact of COVID-19 on Fintech: How Companies are Adapting
The turn of 2019 and 2020 was the beginning of a new reality for the whole world. All thanks to the hitherto unknown COVID-19 virus, which turned into a worldwide pandemic. Millions of sick people and high contagiousness meant that the realities we had known so far needed to be reevaluated. Not only made social life change, but also the operations of many businesses. The coronavirus left its mark on many industries, while posing quite a challenge. The FinTech business also needed to adapt to the new rules. In this article, I will try to outline exactly what has changed in the industry since 2020, and how FinTech companies now look.
16th
June
2023
FinTech
Building Trust in Fintech: The Importance of Transparency and Security
The combination of the financial industry and modern technology has translated into a new reality in terms of individuals' involvement in financial transactions. Due to the rapid growth of the FinTech sector, the issue of trust plays an equally large role in the entire process.
2nd
June
2023
FinTech
The Intersection of FinTech and Insurtech: An Emerging Market
The convergence of financial technology (FinTech) and insurance technology (InsurTech) has helped transform the broader financial services industry. The pace of these transformations was accelerated by technological advances, which led to the combination of these two service industries gaining widespread attention. Over time, this out-of-the-box mix began to reveal its potential for innovation and growth, which translated into a range of new opportunities.
1st
June
2023
FinTech
Guide to Selecting the Right FinTech Development Partner
FinTech companies in recent years have become the initiators of change in the financial sector. They are credited with revolutionizing the transformation of traditional banking and financial services. In an effort to remain competitive, these companies are choosing to partner with entities that are developing modern solutions that advance modern finance. All of this is done in order to get as close as possible to the customer and, at the same time, respond to their current needs. A well-chosen development partner is able to provide technical expertise, industry knowledge, as well as provide the necessary resources required to implement FinTech initiatives.
19th
May
2023
FinTech
Integrating Blockchain-based Identity Verification in FinTech Apps
Identity verification is a process that plays an important role in the financial industry. It prevents fraud and the occurrence of money laundering. Conducted in the traditional way, identity verification posed quite a few inconveniences due to the cumbersome and time-consuming nature of the process. Among the requirements, it was necessary to provide detailed documentation and have a lot of control over the processes carried out by the verified entity. However, the growth of the FinTech industry has meant that verification is no longer a post-terror. The growing emphasis on digitalization has contributed to the development of faster yet more secure identity verification processes.
10th
May
2023
FinTech
Designing a Cloud-based Accounting System for SMEs
Modern entrepreneurs have taken a liking to cloud-based accounting systems to better manage their financial data. The aforementioned solutions offer a number of benefits, which include cost savings, better accessibility or greater data security. Small and medium-sized enterprises (SMEs) are opting for cloud-based accounting systems due to resource constraints that affect investment in traditional software.
9th
May
2023
FinTech
Building a secure payment gateway using Open Banking standards
Online shopping has dominated all kinds of online payment gateways in recent years. The need for a secure payment gateway for online transactions is directly proportional to the growing number of online purchases. Therefore, quite a few entrepreneurs are making the decision to invest in payment solutions that will secure sensitive customer data. Among the options available on the market today, the use of open banking standards often stands out.
2nd
May
2023
Business and Technology
The Role of Artificial Intelligence & Machine Learning in MedTech
The rapid adaptation of artificial intelligence and machine learning to our world has led to many innovative solutions. The medical industry, too, has decided to capitalize on the potential that lies in this disruptive phenomenon. This bold step from the medical point of view is extremely important. And that's because it contributes to the development of devices that make it possible to save patients' health and increase the possibilities for modern medical treatment.
