Embedded finance, underpinned by open banking APIs, is a transformative trend in the financial services industry, reshaping how consumers and businesses access financial products. The embedded finance market was already $20 billion in the United States in 2012 and since then it has more than doubled. The integration of financial[Read More…]
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What are Stablecoins?
Stablecoins are a type of cryptocurrency designed to maintain a stable value over time, in contrast to the high volatility commonly associated with cryptocurrencies like Bitcoin and Ethereum. This stability is typically achieved by pegging the stablecoin’s value to a stable asset, such as the US dollar, another fiat currency,[Read More…]
Understanding Regtech in the Fintech Landscape
In the rapidly evolving world of financial technology (fintech), one term has been gaining significant traction: Regtech. Short for “regulatory technology,” regtech represents an emerging field that leverages technology to simplify and streamline regulatory compliance. As financial institutions grapple with a complex web of regulations, regtech offers innovative solutions to[Read More…]
Navigating the Storm: The Rising Tide of Malware Attacks on Banks and the Korean Call Scam Menace
In the constantly changing world of cybersecurity, banks, and financial institutions all over the globe are dealing with a growing number of advanced malware attacks. At the same time, there’s a concerning increase in a telephone scam called the Korean call scam, which is causing significant financial losses. In this[Read More…]
Roundup of BNPL in B2B and B2C Environments
The B2B (Business-to-Business) and BNPL (Buy Now, Pay Later) spaces within the fintech sector have seen significant developments in recent times, reshaping how businesses handle transactions and credit. In the B2B arena, the adoption of BNPL is particularly intriguing due to the complexities of high-value transactions, often involving substantial amounts[Read More…]
Revolutionizing Cost Efficiency: How AI and Chatbots are Transforming Business Operations
In today’s ever-changing world of technology, Artificial Intelligence (AI) and chatbots have emerged as game-changers for businesses looking to streamline their operations and save costs. These cutting-edge technologies are not just revolutionizing how companies interact with customers; they are also opening up new possibilities for making operations more efficient and[Read More…]
Unveiling the Future: Generative AI in the Banking Sector
In the ever-evolving landscape of the banking industry, the advent of Generative Artificial Intelligence (AI) marks a revolutionary shift. This cutting-edge technology is not just altering the way banks operate but is also redefining customer experiences, risk management, and compliance procedures. Let’s dive into how Generative AI is becoming a[Read More…]
The Transformative World of Alternative Lending: A Double-Edged Sword
In a world where traditional banking systems often feel like monolithic giants, slow to adapt and rigid in their processes, alternative lending emerges as a nimble David to the Goliath of conventional finance. This sector is reshaping the financial landscape, offering a beacon of hope to those often sidelined by[Read More…]
Biometric in Store Payments
Imagine walking into a store, picking out your items, and instead of fumbling for your wallet, cash, or credit card at the checkout, you simply scan your fingerprint or glance at a camera. In an instant, your identity is confirmed, your purchase is paid for, and you’re on your way.[Read More…]
Embracing a Greener Future: The Rise of Sustainable Fintech Solutions
In recent years, the financial technology (fintech) sector has witnessed a remarkable transformation, aligning its innovative prowess with environmental sustainability. This shift towards sustainable fintech solutions reflects a growing awareness of the urgent need to address climate change and promote sustainable practices globally. Defining Sustainable Fintech Sustainable fintech encompasses a[Read More…]
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