SMEs are the unsung heroes of any economy- producing numerous jobs, the backbone to big corporates to scale up and still struggling to sustain themselves as they are unable to innovate as fast as younger companies and lack the funds. As we enter a new decade, over half (58%) of …
From the Cambridge Analytica scandal to GDPR and data breach headlines, the idea that consumers should know how their data is used is gaining traction with governments and consumer groups. What does this trend mean for companies that rely on consumer data for their business model? Right now, consumer data …
Traditionally, the world of investing was bland and exclusive. Investment vehicles were not very different from one another and minimum capital requirements meant that even this was reserved for the few who had the means. Most ordinary people had to settle for a savings account at their local bank while …
Sept. 26, 2019, 11:30 p.m.
With ecommerce sales skyrocketing, the options for online transactions are manifold. But what are the problems that come with these many choices to pay? Find out. Global e-commerce sales hit $29 trillion in 2017 according to data released by the United Nations Conference on Trade and Development (UNCTAD) early this …
Sept. 24, 2019, 1:41 p.m.
Big data is changing the financial industry in a truly astounding way. Countless financial professionals are looking towards machine learning and other new tools to improve the quality of the services that they offer to their customers. K. Hussain of Atos Spain published a white paper on the growing relevance …
Sept. 15, 2019, 6:45 p.m.
In an increasingly competitive market, how are fintech companies adapting to improve their decision making? In industries such as insurance, capital markets, cryptocurrency, wealth and asset management — alternative data is proving to be a valuable source of insight. Like a broken leaf to a hunter or a change of …
Tech startups face a substantial amount of competition for business financing. Thankfully, there are still some sources of funding that are available to owners of tech startups. Quick business loans can help you avoid the competitive process of finding venture capital. That way, you have access to the business startup …
CB Insights: Funding to VC-backed fintech companies grew 24% QoQ in Q2’19 and neared previously quarterly funding highs.
Banking as a Service (BaaS) is the democratisation of financial capabilities that have fiercely been protected, isolated and hidden in silos for hundreds of years by banks. The fact that BaaS opens up banks’ capabilities and essentially empowers anyone to be able to create their own financial products, goes against …
It is no longer a secret that Big Data has left a major footprint on the financial market and has changed the way we interact with financial institutions. However, its influence goes much farther. Trading, which is an field that welcomes change and adopts disruptive innovations early, now also benefits …
Fintech is opening floodgates of opportunity for ambitious startups that previously had no hopes of overcoming barriers to entry in the finance field. With the desire to innovate and succeed, however, gutsy startups are now promoting financial literacy and reaching previously underserved groups with brand-new retail banking and investment services. …
Fintech companies are set to take over – according to most pundits in the market. Startups in the fintech world have been popping up in the market at a faster rate than ever before. This market is thus highly valuable and the value keeps on increasing. Considering the huge support …
FICO scores will be soon improved by predictive analytics. This new approach is more accurate and can extend to the entire debt management process. Badly assessed financial risks were at the core of the financial crisis in the late 2000s. Banks and credit companies used faulty models which did not …
Sept. 24, 2018, 5:07 p.m.
Blockchain technology has thus far been the true star of the cryptocurrency revolution. Although the value of popular digital coins like Bitcoin and Ethereum have been in near-constant flux in recent months, the technology that powers them has been making headway into industries of all kinds all over the globe. …
The financial industry has undergone tremendous changes over the past decade. A lot of this can be attributed to big data. As advances in data become more impressive, new fintech solutions are reaching the market. Predictive analytics is one of the most important big data trends affecting FinTech. Established financial …
The financial service industry has been revolutionized by technological advancements. The way in which banks and fintech enterprises operate today has been fundamentally changed by technological advancements. Numerous advantages can be identified when discussing fintech big data. When people think about technology and banking, they first think about online transactions, …
July 24, 2018, 10:36 p.m.
It’s been one month since GDPR, General Data Protection Regulation, a policy set in place to address the digital age’s ever increasing flow of personal data, went into effect for European industries. GDPR is meant to give consumers more control over their personal data usage by companies, and this shift …
Social platforms such as Quora, Reddit or Stack Overflow are gaining popularity as users can easily exchange information within the social community without any barriers. How and why can blockchain make these platforms more credible? Ralph Tkatchuk finds out. The internet and the rise of social media has significantly changed …
