FinTech, often known as financial technology, is an industry that is growing rapidly and having a significant impact on the financial services area. The term "FinTech" refers to the provision of services using the resources of emerging technologies. These activities include mobile banking, online payments, peer-to-peer (P2P) lending, investment management and insurtech. The emergence of FinTech solutions has made traditional financial institutions more vulnerable to competition (including among technology companies) and opened new doors of opportunity for both consumers and businesses.
18th
January
2023
fintech
The Future of Payments: Key Trends and Innovations to Watch
The future of payments promises to be very exciting due to the many transformations the payments’ industry will experience in the near future. Transformation in this field is inevitable, due to the technological progress that has taken place lately. Today, payments are not just cash transfers, which was an obvious association until recently. The exchange of funds today uses the digital sphere for the most part, where more and more innovative payment methods can be found. What does the future hold in this area? What will be the trends in payments in the near future? I will try to answer these questions in the following text.
29th
December
2022
fintech
How Much Does It Cost to Develop Fintech Software?
FinTech software is becoming more and more important in today's world. With the rise of mobile payments, online banking, and other financial services, FinTech tool is becoming a necessity for many businesses. But how much does FinTech Software Development cost? It depends on a few different factors. The complexity of the software, the platform you're developing for, and the level of customization all play a role in determining the cost of financial software. On average, you can expect to pay between $100,000 and $500,000 for basic FinTech Software Development. More complex or customized projects may cost upwards of $1 million.
4th
July
2022
fintech
What is PSD2, and how does it affect the FinTech industry?
Payment services have always been an essential part of everyday life, be it in the form of a barter system or of a modern fintech architecture. Currently, there is a trend towards digitalization of financial services, which is manifested in the popularization of electronic payments.
![why do you need it outsourcing? 7 top benefits [based on our fintech app]](https://2581766.fs1.hubspotusercontent-na1.net/hub/2581766/hubfs/IT-outcourcing-cover-min.png?width=1051&name=IT-outcourcing-cover-min.png)
4th
August
2020
fintech
Why Do You Need IT Outsourcing? 7 Top Benefits [Based on Our FinTech App]
Through the last 3 years, IT outsourcing's global value remains at the level of over $60 billion per year. Those numbers say that delegation of software development to the external IT resources is a stable tendency. IT outsourcing allows hiring high-quality developers to build any kind of software. That means anyone can become an app owner without knowing how to code.
