The development of the financial sector and accompanying technologies has led to rapid progress for both consumers and businesses. These activities have also had a direct impact on embodied innovation, which has significantly improved the way financial services are accessed and managed. However, with the growth of the FinTech sector came the need for consumer protection and guarantees of market stability. To this end, many countries decided to start working on regulations that would control all dependencies that occur within financial activities.
14th
April
2023
fintech
Exploring the Benefits of Open Banking for Financial Institutions
The banking industry is evolving with innovative financial solutions aimed at improving the customer experience while delivering benefits to stakeholders. An example of such a solution is open banking, which is quickly taking over the financial sector. With the introduction of Open Banking, the financial industry entered a new era. It has posed a challenge to the old systems while providing numerous benefits to the various parties involved, including businesses, consumers, banks, and financial institutions.
7th
April
2023
fintech
Blockchain Technology Implementation: From Concept to Reality
Blockchain technology, also known as the blockchain ecosystem, has taken our daily reality by storm. Its role is to transfer and store information about online transactions. Companies are leveraging blockchain to build decentralized networks that enhance transparency, security, and efficiency in their operations. The collected data is presented in the form of blocks arranged in a suitable form. Each block holds information on a certain number of such transactions. When data saturation occurs, another block of data is created.
4th
April
2023
fintech
Creating a Finance App in 2025: The Development Guide
Financial Technology has a lot to offer when it comes to high-level financial optimization, advanced analytics and forecasting. Mobile app development is a particularly fertile FinTech niche to invest in.
Nowadays, financial technology is becoming more and more popular and sought after. It is estimated that by 2024, global revenues from the FinTech sector will reach EUR 188 billion. Among other things, this is one of the main reasons why it is worth creating your own financial application and getting involved in the market.
27th
March
2023
fintech
Security Best Practices for FinTech App Development
Creating an entirely new FinTech App is a complex, stressful and time-consuming challenge. These types of applications are used to manage all kinds of financial tasks, from transferring funds between bank accounts to issuing invoices, which results in increased cyberattacks and threats. This is mainly due to the large amount of personal details, private and sensitive data that is collected.
24th
March
2023
fintech
Revolutionizing Accounting with Web and Mobile Applications
The accounting industry has come a long way in terms of development over the years. What was previously known as solutions based on manual, paper-based record keeping and bookkeeping are steadily being replaced by digital tools. Today's accountants are now taking advantage of modern technologies in the form of mobile and web applications to improve efficiency, streamline the accounting processes they carry out and, most importantly, have constant access to real-time data.
22nd
March
2023
fintech
How to Build FinTech Software Development Team
The FinTech sector, despite economic and regulatory challenges, is constantly growing in market value. Newly emerging financial technology companies and startups are introducing new, progressive solutions to the financial industry, mainly for this reason.
Since you are here, you probably have your own idea for a business, and all you need is not only advanced technology, but above all, a talented development team!
In this article, we will show you how to build the right team who maximize productivity of your project and make your FinTech product successful and high quality!
20th
March
2023
fintech
How to Make a Digital Wallet App: Key Tips that Guide You Through
There are many ways to conduct online transactions these days. Nowadays, we all meet financial solutions such as online banks, credit and debit cards, cryptocurrencies and digital wallets.
17th
March
2023
fintech
How to Build a Stock Trading App: Step by Step
Nowadays, digital platforms for stock traders aid in the automation of many processes, the improvement of accuracy, and the refinement of trading strategies. Creating a custom stock trading platform provides modern solutions for gathering and analyzing large amounts of data in order to gain valuable insights.
15th
March
2023
fintech
What is ABCD in FinTech? Key Technologies in the Finance Industry
FinTech, also known as financial technology, has revolutionized banking and modern finance. The definition of FinTech includes all innovative technologies that are used to improve and automate financial transactions. These include simple applications for mobile payments, as well as more complex technologies such as cryptocurrencies or blockchain.
