Growing competition from established technology companies (BigTech) and financial technology (FinTech) could adversely affect the profitability of financial institutions and can pressure them to take on more risks to retain their margins, a report by Financial Stability Board said. The...
Various alternatives to traditional money and mode of payments have been popping up in recent years. Cryptocurrencies come to mind when thinking about alternative options for transactions. With this option available to investors in the past years, what does...
Thanks to Square Inc, small business owners will have access to free debit cards, named Square Card. This initiative stems from the desire to help small enterprises to help manage their cash flows by giving them immediate access to...
A study called the Global Islamic Fintech Report recently revealed expectations for such companies in the coming year, said Salaam Gateway. The research eyes P2P crowdfunding and challenger banking as two of the contributing sectors for such fintech in...
Fintech companies were mostly responsible for the boom in the unsecured personal loan market, which surged by 17% year over year to reach a record high of $138 billion last year, revealed by a report by TransUnion. In 2018, fintechs...
In this technological day and age, more and more industries are beginning the shift to more modernised modes and features. One such sector is the banking industry. A study conducted by the European Banking Federation revealed that the number...
Bankers, credit union executives and other leaders of financial service providers have ranked AI, data use, and advanced analytics as their priority in 2019, according to a survey by the Digital Banking Report, the first time the leaders in...
After Bitcoin's disastrous fall in price in late 2018, many analysts and traders claim Ripple will be the next to boom in the cryptocurrency industry. In one of the interviews in a Forbes article about the potential rise of Ripple,...
Fintech is currently generating interest from the media. Businesses, governments, and even non-profit organizations are starting to invest in advanced technologies to improve productivity and efficiency while cutting costs. But while this initiative can streamline operations and provide better...
With the recent introduction of services tax and goods of JAM trinity, India is sure to receive billions of data, which gives the country power to access services across the world. India is also on its way of becoming the...

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