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...
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...
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...
In a bid to facilitate faster payments in crypto trading, Sygnum Bank, the world’s first digital asset bank, announced Monday the launch of its digital Swiss Franc token, labelled DCHF. In a press release, the company described the latest digital...
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...
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...
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,...
Taiwan’s Financial Supervisory Commission (FSC) signed on a financial technology deal last week, July 9, 2019, with France’s Autorite de Control Prudentiel et de Resolution (ACPR). The agreement followed through after pushing the decision to support innovative pursuits was...
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...
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...

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