Cards vs Account-to-Account PaymentsRunning an online business demands constant adaptation to new market trends. Suppose your business involves receiving payments for goods or services. In that case, you’re likely familiar with the challenges linked to traditional bank cards, transferring money, delays, and intermediary service fees. In this article, we’ll explore a promising alternative to conventional cards — …
Best 12 Finance API Companies in 2023Application Programming Interfaces (APIs) are software solutions that enable data transfer between different applications and platforms. They act as frameworks allowing computers to communicate, enabling extensive data exchange. The API management market is valued at $5.1 billion as of 2023, there are more than 24,000 public APIs, and more than 90% of developers use APIs in their work. So, the …
Top 10 Fintech InnovationsBy 2026, the fintech services market will grow to $31.5 billion. This is roughly four times what it was six years ago. Many fintech companies and seasoned professionals will remain innovative in these and other areas in 2024, so financial services businesses should closely monitor IT innovations in fintech. In this article, I focus exclusively on what our team believes to be the trendiest fintech …
API In Banking: The Guide to Bank APIsAt a restaurant, you can’t go directly to the kitchen to make an order. You need an intermediary to pass your order to chefs and then bring the prepared food back to you. From a non-technological point of view, an Application Programming Interface (API) is a waiter, the restaurant is a third-party application or platform, and the kitchen is a bank that provides you with financial services. So, API …
KYC: Fraud Detection In Fintech AppDespite tons of innovative security measures, fintech companies always face different types of fraud. From April to June in 2023, investment fraud emerged as the most financially impactful compared to other cyber crimes, resulting in losses of £135.2 million. Can you imagine your business losing tons of money just in one wrong click? Unfortunately, it happens every day. On average, fintech …
The Ultimate Guide To Fintech Development Outsourcing: How To Make It WorkFintech is one of the most promising and ambitious branches nowadays, so it shifts from being a short-term trend to a prominent market segment. Back in 2022, the number of active fintech unicorns reached 312, showing a dramatic increase. At the same time, as of May 2023, there were 11,651 fintech startups in the US only. The global IT services outsourcing market was estimated at about $525 billion …
New Fintech Regulations in the UKAre you starting your own fintech business in the UK but getting tangled in the web of ever-changing rules and regulations? It’s always a dark forest for everyone who wants to step into this field, and I’m here to guide you through it. As a CEO with over 15 years of experience and a fintech expert who helped launch over 20 fintech products, I will try to gain your trust and demonstrate that …
How to Create Fintech App For Gen Z | DashDevsGeneration Z’s financial preferences are swiftly veering away from traditional modes of payment, embracing innovative alternatives such as Buy-Now-Pay-Later solutions, digital wallets, and cryptocurrencies. The following statistics scream: “Today is the best time to create a fintech application that aligns with Gen Z needs!” A significant part of Gen Z, estimated between 50-80%, …
Top 10 Finance YouTube Channels to Watch in 2023Days when YouTube was meant solely for entertainment are long gone; now, the platform has numerous uses, one of which is education. For many, YouTube has become a way to get new skills and learn about everyday practices that can drastically simplify everyday life. Top finance YouTube channels are one of those sources of information that can easily help anyone manage their finances and build an …
SCRUM Methodology in Fintech DevelopmentHave you ever had an idea of creating a fintech product but stopped at the planning stage? You might have asked yourself: “Where do I begin?” “How do I manage my time?” “Who must I bring on board to make this happen?” “Do I need a team, or can I do it alone?” “What if things don’t go as planned?” “What if my idea fails?” …
Mastering Mobile Banking App Development: Complete GuideCustomers used to have to physically visit a bank during business hours to perform even the most basic banking tasks. Now, they can benefit from convenient mobile banking apps. The decision will naturally be based on how well the mobile app meets their needs. More than 69% of banked households use mobile banking services as their primary method to access bank accounts. This means that mobile …
Plaid’s Legacy In The Fintech Industry: Insights, Value, And SecurityYou probably have an exceptional idea for a fintech startup, one that has the potential to transform the financial industry. However, there’s a challenge. You may not be well-versed in integrating various tools and technologies in your future product, including solutions like Plaid, which are essential in fintech. This is a common barrier that many developing fintech entrepreneurs encounter. …
Mastering Fintech: Key Steps to Build a Successful CompanyFrom my experience, and based on the open statistics, around 75% of consumers today actively use fintech products like banking apps. No wonder they have high expectations for the services they get. In that regard, most financial institutions recognize that digitization is critical to their long-term prosperity. As I could notice, they intend to automate financial operations and make them more …
Embedded Finance Vs. Traditional Distribution of Financial ServicesWhether you’re a fintech or a non-fintech business owner, you cannot overlook the rapid integration of banking services into platforms, services, and products from other industries. It’s commonly known as embedded finance. The size of the embedded finance market in 2020 was estimated at 22.5 billion U.S. dollars and was forecast to reach over 230 billion U.S. dollars by 2025. It can be stated that …
The 5 Key Trends in Banking to Follow in 2023Recently, I had the honor of representing DashDevs at the World Banking Forum in Greece. This event, which annually brings together the world’s leading financial experts, proved to be an enlightening experience. After engaging in several in-depth discussions and attending keynote speeches, I’ve identified five key trends poised to redefine the banking industry this year. Let’s delve into …
Guide to Financial Data Aggregation and Open BankingThe world of fintech is dynamic and unstoppable; new ideas and products constantly emerge, catering to entrepreneurs, startups, and businesses seeking to enhance their offerings. If you’re here, you likely have an idea needing realization. Or maybe you aim to refine an existing product to perfection. I’m Vladyslav Slipchenko, and I am ready to share my expertise on data aggregators …
Monzo Changes British Digital Banking With New Investments FeatureMonzo, valued at $4.5 billion in a bold move within British digital banking, has presented a groundbreaking investment feature. This development is a significant milestone for Monzo and the broader financial technology sector. In this article, we go through the details of Monzo’s new offering, what it means for clients, and how it aims to reshape the landscape of digital banking. How Does …
Everything You Need To Know About Integrations With Open Banking ProvidersYou are about to build a fintech app, but you need to ensure it solves actual customer problems and stays competitive in the market. So what do you do? The answer is to explore open banking integration for your product or service. This will give you access to vast swathes of customer data for better personalization. In recent years, open banking regulations have made it possible and lucrative for …
How To Create A Digital Wallet in 2023?The global digital payments market is on an upward course, with a projected revenue of $14.79 trillion by 2027. Impressive, right? Also, an impressive two-thirds of adults across the globe are now embracing digital payments, with a striking 89% utilization rate in the United States. As clients and businesses increasingly embrace the convenience, security, and efficiency of digital payments, the …
How Banks Lost Customers by Failing to Keep Up with the TimesThe digitization of banking services has transformed how customers manage their finances and interact with financial institutions, leading to a significant shift in the banking industry. The convenience, accessibility, and efficiency of digital interactions have raised customer expectations, pushing banks towards a new horizon. However, traditional banks need help safeguarding their clientele …
Electronic Money Institution vs. Payment InstitutionIn the exciting world of fintech, each decision shapes the future of companies desiring to succeed in a rapidly evolving landscape. When companies enter the fintech industry, they must decide between becoming an Electronic Money Institution (EMI) or operating as a Payment Institution (PI). Now, let’s go back to the late 2000s when vital decisions were accepted and changes happened. The …
The Role of Business Analyst in Product LaunchHow can you craft a genuinely successful product in an industry evolving at lightning speed? With fintech on the rise, the financial services landscape has undergone a profound shift. By leveraging technology, fintech breathes new life into traditional financial services, triggering a rapid transformation. In this dynamic era, digital-first companies are boldly challenging the established norms of …
Top 10 Fintech Digital Companies as Alternatives for the Marqeta Card Issuing PlatformWith today’s neobanks and challenger banks boom, suddenly, everyone realized that cards are manufactured somewhere, and there is more than one card issuing company. Second, to your application, your card is your company’s face, so it should be as qualitative and beautiful as your business in the eyes of your clients. And, of course, it shouldn’t cost you too much. Consequently, trying to meet the …
What is Marqeta? Everything You Wanted to Know About Marqeta Inc.So many talks have been recently heard about Marqeta Inc and what it exactly does, and that’s already happening a decade after its appearance in the finance industry and the market. So, we’ve decided to develop a condensed version of the company’s origin, services, pricing, clients, values, and plans. All of this is gathered below for you to get this topic straight and have no questions anymore. …
Fintech Compliance in MENA: Navigating Regulations and RequirementsAs a fintech expert and CEO of DashDevs, I understand that the Middle East and North Africa (MENA) region has experienced significant growth in the fintech sector and economic development. The fintech industry in this region is gaining momentum. An increasing number of startups and established firms offer innovative financial solutions. However, with innovation comes regulation. Fintech companies …
Downing: a Story of Success from an Investment Management PlatformThe Downing investment platform is one of the most exciting projects DashDevs completed. At the time, it was a real challenge, and once we launched it, we’ve seen how good the results came out. Projects of this kind always motivate, bringing collateral value to our work as we see how our customers succeed with the platform. So, this is a story of Downing from A to Z, how we started working …
How to Shape a Business Idea and Make It WorkCreating a successful business requires more than just a great idea – it requires shaping business ideas, seeking funding, and executing a solid plan. This article is designed to help you explore the concept of business ideas, how to shape them, and how to transform the idea into a workable concept for seeking funding. Whether you’re just starting out or have been working on your idea for a …
Fintech Nexus USA 2023 Conference: Insights and Takeaways for the Finance Digital WorldWelcome to the dynamic world of fintech, where innovation and adaptation are the keys to success. Today I want to share with you the latest news from the highly anticipated Fintech Nexus USA 2023 Conference, an event that brought together the brightest minds and industry leaders to explore the current state and future trajectory of fintech. As finance professionals, you have to pay attention to …
Digital Transformation in Banks: What Processes are ImportantDigital transformation has had a significant impact on how banks function and interact with their customers. From my expert experience in the fintech industry, I have observed that this transformation is set to continue and become even more personalized in the future. Traditional banking systems are outdated and time-consuming, requiring significant manpower. This inefficiency highlights the need …
Weathering the Storm: How the Climate Change Impacts on the Financial IndustryClimate change is no longer a distant threat but a reality. It is already affecting the global economy, including the financial industry. The scientific evidence shows that human activities, such as burning fossil fuels, deforestation, and industrial processes, are causing the Earth’s temperature to rise at an unprecedented rate. In the graph below, you can see how global temperature …
How to Unlock the Future of Financial Services with Decentralized Identity (DID)Our lives become increasingly digital. We often need to verify our identities for various activities: buying a car, applying for a mortgage, or signing up for new services. However, the current methods of authenticating users and establishing trust online are inconvenient and burdensome for both users and businesses. These methods also compromise users’ privacy. The security and trust of …
Decentralized Finance: The Future of Financial Services?Decentralized finance (DeFi) is an innovative and growing sector within the financial industry. It leverages the power of blockchain technology and smart contracts. This makes financial services decentralized, transparent, and accessible to anyone. Traditional financial systems continue to face challenges, such as lack of access and high fees. DeFi has emerged as a viable alternative. It offers …
Fintech Model Options for Business: A Comprehensive GuideThe fintech business model is a pillar of how your business works and moves towards its goals. This detailed strategy identifies how to gain more revenue, enhance productivity, and increase the profits. Fintech business models are important for both fintech startups and established businesses. For the latter, regular check-ups and updates can make your company future proof. Since business strategy …
The Future of Micro-Investments Platforms: Challenges, Opportunities and Use CasesMicro-investing has been gaining popularity in recent years as a way to invest small amounts of money regularly. These platforms have the potential to revolutionize the investment landscape by providing affordable and accessible investment options to a wider audience. In this article, I will cover the latest trends and developments in the industry. We’ll discuss the importance of user …
5 fintech startups & scale-ups in the UKIn this day and age, information technologies and current financial apps rule our lives as well as our finances. FinTech startups and scaleups are in great demand due to their rich background in investment management and financial advancements. The largest fintech companies and top scale ups focus on providing software services, and many of them are now considered roughly similar to banks, if not …
Banking and Cybersecurity: How to Avoid Threats?The rise of digital banking has brought many benefits to the banking and financial industry, including convenience, speed, and increased accessibility to financial services. However, it has also increased the risk of cybersecurity threats for banks and their customers. With the increasing sophistication and frequency of cyber attacks, it is more important than ever for banks to prioritize …
Ten Technologies Shaping the Future of Fintech in 2023The future of fintech sector is concentrated around creating innovative approaches and technology. Industry trends are shifting with the myriad socioeconomic and political elements. These factors impact markets and the worldwide financial business. So the sector is always developing. Every year, we see the emergence of new fintech solutions. There is also the evolution and refinement of …
Fintech vs Traditional Banks: Competition or Collaboration?Fintechs reshape the banking industry as people become more accustomed to the comfort of having everything under one’s fingertips. New digital banking solutions allow people to get the same services as from traditional institutions but enhanced with personal advice, customized recommendations, gamification, and other fresh ideas. Neobanks are vastly spreading across the industry, present in most …
Data-driven banking: How it will Define the Future of the IndustryData-driven banking has the potential to revolutionize the banking sector by allowing financial organizations to make decisions based on reliable, precise data. Banks can gain insights into customer behavior and preferences by harnessing data analytics and using the knowledge to customize services and products to their customers’ needs. This could result in increased consumer satisfaction …
Trends 2023: Financial Services Industry OverviewThe adoption of digital technologies in financial services is gaining momentum. Cash transactions, face-to-face meetings with financial advisors, and even ATMs are all aspects of financial services that are becoming less common. The convergence of customer demands, technological advances, and government choices will significantly impact the direction of the financial industry market trends in …
Machine Learning And AI Use Cases in Banking and Finance in 2023Innovative technologies are slowly taking over the world, being present in nearly every market segment and disrupting customer’s expectations by exceeding them. Consumers are so used to AI that sometimes they don’t notice how often they actually use it. That being stated, around 97% of mobile users surveyed by Finances Online used AI-powered voice assistants, and 51% using voice assistants in …
Cybersecurity in Banking: Main Threats and Challenges in 2023The banking industry, like any other, has now been progressively moving into the technological era. The days of physically going to your neighborhood bank to cash or deposit checks are long gone. Hence data security in banking industry is an essential topic today since almost any transaction can be completed online via the bank’s application or website. With the ongoing shift into the world …
10 Market Factors IT Businesses Shouldn't Ignore for 20222022 was undoubtedly one of the hardest years for the global economy, making the investment options for business owners even more narrow. The world’s stock market is transforming with the food, finance, and fuel crisis along with remnants of COVID-19 aftermaths. The Fintech industry, for example, is undergoing an investment falter with optimistic forecasts that the situation will bounce back …
UK Banks: Peculiarities of Opening Your Own BankThe UK, and London in particular, is a coveted financial hub in the world, which explains why so many fintech startups continue to appear in this very geo. This also refers to banks, lending institutions, credit unions, and other financial firms that have a way with numbers and technologies. As a result, at the beginning of 2023, the investment into the sector poured significant amounts of money …
A Future-Proof Digital Banking: Steps To SuccessDo you remember the last time you had to go to an offline, traditional bank office? Nowadays, everything can be done with a few clicks of your fingers, whether a money transfer or paying your bills. Banking buildings are not so crowded anymore since the growing number of digital banks prevailed. The coronavirus crisis in 2020 pushed the industry towards a rapid digital transformation that did not …
Catching Up With Financial Regulation: Regtech Solutions for BanksOver the past several years, banks and financial institutions (FIs) all over the world have either partnered with or launched their own fintech companies to be applied to various business areas. Such an approach has already improved the lives of millions by promoting financial inclusion and integrating digital services into the everyday routine. Meanwhile, most solutions used to focus on …
Data Science Use Cases in the Fintech IndustryData Science has become a hype technology in the modern world and has created 20 much buzzes in all industries. It combines statistics, mathematics, data analysis, machine learning, and visualization to extract insights from all the big data fintech industry companies obtain. The research results are used for the product and process improvements of the business. Data Science becomes accessible for …
Nine CFOs and the Digital ImperativesEven before the covid-19 pandemic started, I was convincing businesses to adapt their digitization strategies. Companies focused on the future continue to develop and invest in their own destiny despite the economic downturn and have a much better chance of surviving and thriving. Those who cut costs and curl up into a fetal position are doomed to fail. It’s time to “prove …
Dozens: from an Idea to the Digital Financial Institution in 9 MonthsHave you ever thought about launching a successful digital product? Dreaming of a brilliant idea that would change the world, attract followers, and enhance global consciousness. We are constantly reading all those stories of success, newly established unicorns, and “from-zero-to-hero” cases. From the stories mentioned, the process of digital product creation seems to be quite easy for everyone. …
Best Back-End Technologies For Fintech Development ProjectModern financial technology is reaching its peak. Don’t just take our word for it. Look at the stats — they reveal the whole story! $50 Billion is invested in fintechs annually Nearly two-thirds of all financial transactions are made online Every year, around 500 new fintech startups are established Banks can gain up to 30% operations profit by turning to fintech Nearly 2 Billion people are still …
Top Priorities for Finance Leaders 2023Much discussion has concerned the chief financial officer’s (CFO) evolving function and duties. There is a lot for advanced finance leaders to deal with, from social and regulatory efficiency to personnel management. If you’re a CFO who needs help figuring out where to begin or a C-suite executive who wants to assist your finance executives in easing into their new positions, …
Five Trends That Will Reshape Wealth Management in 2023The success of the wealth management sector is based on direct human contact. When dealing with high-net-worth clients, wealth managers must go beyond basic financial knowledge to truly empathize with their client’s unique situations and goals. To keep pace with today’s fast-paced world, wealth managers need to embrace innovative technologies and concepts that foster personal …
KYC: How to Avoid Fraud in Fintech AppHow to prevent fraud in the company? Nowadays, people can run the world via their mobile phones. We can communicate with friends, perform task management, perform financial operations, order or buy things, etc. Nearly every aspect of our lives is becoming easier and more convenient, but harder to detect fraud. From this perspective, the unstoppable growth of the digital banking system inspires me …
Best Practices for Account Verification ProcedureIn the face of fintech software development practice, account and identity are almost the same. Related institutions empowered to monitor banking activities don’t recognize individuals or organizations—they process transactions. However, before validating any notable digital movement, they need to verify your identity. Fortunately, present-day banking operations are easier to perform with the help …
How Long Does It Take to Develop Fintech App?This article will be helpful if you want to understand the basics of creating a wonderful fintech app and choosing the best fintech app development company, as well as other insights about how to develop a software application. Many transactions are conducted online in today’s world. Online banking, webpages, applications for investing, loans, and other financial transactions are rapidly evolving. …
Software Development for Fintech in 2023: In-house vs OutstaffWhen you start a fintech development company, there are some prevailing ways to run a business, depending on your goals and objectives. A business may be grown by hiring IT experts in-house or by partnering with a fintech software development company to do all the tech jobs for you. In addition, the consulting model can give your company a wide range of creative abilities in the field of fintech. …
TOP 7 Fintech Industry Trends in 2023The financial industry has rather responded to the disruptive side effects of COVID-19, but it hasn’t come out of 2021 unharmed. Top fintech industry trends in 2023 are going to challenge it but also will make it stronger. And though at least 50% of traditional banks are not covering their cost of equity, there is some good news, too. Global fintech investments in 2021 recorded 210 billion dollars …
Top Green Finance Companies — Sustainable Fintech Firms in The WorldWhat Does Financial Sustainability Mean? It may seem, at first view, that finances and climate change aren’t related. However, the biggest fintech firms prove otherwise. Every day, fintech news is overflowing with information on innovative green alternatives designed to tackle environmental problems. No wonder all global organizations, including the United Nations, are emphasizing the importance …
Digital Transformation Technology Trends in 2023Nobody could have predicted the digital transformation trends that the world will now navigate in the early 2020s. When the pandemic hit, the urgency of digital transformation activities increased dramatically. Organizations of all sizes and across all industries have had to invest in cutting-edge, collaborative technology to stay competitive. The price tag was an unpleasant awakening for …
5 Challenges of Digital Transformation in BankingAfter more than a decade, digital transformation in banking remains one of the industry’s most difficult tasks. Despite the best efforts of the banking industry, digital adoption has been slow because of operational and cultural barriers, difficulties in operation and potential hazards, and difficulties in modernizing an aging IT system to incorporate cutting-edge digital advances. Digital …
The Growth Of Banking Software Development: Building Banking Software Of The Future TodayUp until more recently, traditional banks and reputable financial institutions were the only way for individuals to gain access to any type of financial service, whether payments, transfers, or loans. Monopoly and a lack of relentless competition almost completely excluded terms like “value-added” or “custom banking software development services” from the typical banking practice. Fintech firms …
Best Mobile Banking App in 2022Apps for mobile banking have progressed a lot. Digital check deposit was formerly thought to be cutting-edge technology. Consumers of each best banking app in 2022 have learned to anticipate this type of capability, as well as quick transfers of money, bill pay, ATM locators, and other features. Some applications now allow you to track accounts from various banks. What factors are most essential …
How Much Does It Cost to Build a Fintech App?How much is the cost to build a fintech app? It’s a profound inquiry, but one for which there is no cookie-cutter response. Time and developers’ wages are the two most important variables. The time involved is proportional to the platform, the features’ complexity, and the server architecture needs. Budget for the development heavily depends on the previous experience and how much your …
Top Frontend Technologies for Fintech Development ProjectPeople all around the world rely on the internet from the time they get up until they go to sleep, and these are only a blip on the radar. There is a big innovation surge in the area, and frontend web development technologies are at the leading edge. In 2022, we anticipate an exponential rise in fintech solutions. Given the significance of social distance and growing safety concerns, current and …
How to Hire a Fintech Developer?Every niche has its own specifics, and sometimes it requires special types of employees. Because fintech is so specific, it’s important to find programmers who know what they’re doing. Keep reading our article if you want to know how to put together a good fintech team and what to keep in mind during the search. What is a Fintech Developer? Fintech is short for “financial …
TOP 10 QUESTIONS TO ASK A FINANCIAL ADVISOR IN FIRST MEETING?You may be a business owner wanting to deploy a digital solution, or you could be an individual who has previously taken the risk of developing a financial product on your own and lost a significant amount of money as a result. In any case, our team is here to make sure you pick a financial advisor who will undoubtedly help you win, save, and earn. These are financial management specialists, often …
Fintech Regulation: Guide to Financial Regulation for Fintech Entrepreneurs in the USThe fintech regulation in the US is extremely complex. While the United States does not currently have a “fintech-specific” regulatory framework in place, the activities of fintech businesses will very certainly come within the jurisdiction of many regulators, requiring registration with and compliance with at least one of those agencies. The situation is made more difficult by the …
Robotic Process Automation for The Financial Services IndustryInformation technology has already reached the stage where it can do activities as complex as those performed by humans, thanks to advancements in computer processing power and maturity. Although some people — including our customers and partners — believe that robots are humanoids, droids like those in Star Wars, or mechanical arms like those in Toyota factories, this is not the case. There are …
The Difference Between Outsourced Software Development and Outsourced ConsultingWhat is the most effective strategy for running a business? This question is asked by every business owner, and the answer may vary from time to time since business objectives change. When it comes to employing a technical team, we’ve already identified two options: hiring in-house or outstuffing. An IT department may be more cost-effectively run in-house rather than outsourced. Despite …
TOP Wealth Management Platforms 2022: Power Up Your Fintech AppWhat lacks the majority of software product providers is speed. Fintech companies can’t afford to have a lack of operational scalability and consumer reach, and this is a must. Moreover, the ever-rising customers’ expectations bar to the product tools also calls for the reconsideration of the business-human relationships. And that’s easier done if choosing the product lifecycle …
Software Development for Fintech: In-house or Outstaff?When you start a fintech company, there are some prevailing ways to run a business, depending on your goals and objectives. A business may be grown by hiring IT experts in-house or by partnering with a company to do all the tech jobs for you. In addition, the consulting model may be able to give your company a wide range of creative abilities in the field of fintech. 4 Prevalent Business …
How Does a Digital Ledger Work in the Banking Sphere?A distributed ledger, shared ledger, distributed ledger technology, digital ledger, or virtual ledger — you may come across all these words as variations related to one umbrella term. So, what is a digital ledger? In simple terms, that’s a book of record that serves the perfect data storage and shares it among the different sites, network entities, and geographies. Still not absolutely clear …
Ways to Secure Funding for a Fintech StartupNowadays, there are a plethora of options on how to launch a fintech startup and supply it not only with a starting capital but also long-term financial support. Getting six-figure funding for a worthy project is a goal descended from the seventh heaven to a more down-to-earth realm. Now you don’t need to work with your head in the clouds anymore! The recipe is relatively simple. Let a good …
How to Track Your Return on Investment: Key Analytics Tools to TrySimply put, ROI, or return on investment, is the foothold in your predictive analysis of the investment consequences. This metric, or to be exact, the percentage rate, allows evaluating the efficiency of the intended investment in different business realms and assets. That’s why it possesses the universal character of usage and is easily understood by different specialists coming from …
Tokenization vs. Encryption: Pros and Cons in Payments ProcessingWhat if we picture our world as a place where all the input data on any device flows through fiber-optic cables and servers in its original form? Although the roots of encryption reach Ancient Egypt of about 1900 BCE, its digital variant emerges on a par with first computers. Already in 1977, the U.S. National Bureau of Standards approved the first encryption standard. By the way, it has already …
AI & ML Usage by Developed Countries: Cases to Learn-(copy)The state of things with artificial intelligence implementation is positive only in developed countries. Here, investing is available, and it’s purposefully spent on testing the new innovative technologies. The US, Europe, and China share the lead in this battle for high-tech business solutions and market expansion. In the end, due to their common efforts, the popularity of machine learning …
One More DashDevs Digest to Hype Up Your Interest!Are you dying to find out the freshest fintech news of the passing July? Would you like to become a pro in fintech and second-guess the banking changes before they actually happen? No need for having a gift of clairvoyance! Just stay with us, and we’ll teach you all the magic! Breaking Crypto News of the Week: 07.26 - 07.30 Eesti Pank Has Found the Solution for Blockchain Issues! The …
Make an Education Pause with the New DashDevs DigestThis week — 07.19 - 07.23 — was intense and chaotic in terms of data violation attacks and their implications for the whole world. And all this only proves that practice is the mother of tuition — your vast fintech and banking intelligence is the key to defense! Don’t allow the perpetrators to fool you and come in the guns blazing! Fresh Cyber Crimes or Read to Know Your Enemy Hungary and …
Don't Restrain Your Compulsion to Read the Fresh DashDevs DigestWhat are you up to right now? Can it wait for a while? Put your things away for a moment and get into the fresh fintech news to enliven your Friday evening! We’ll feed you only with the best material, so get ready to chew and swallow the special! A Little Glimpse of the Global Fintech Trends Cryptocurrency Becomes the New Money Laundering Scheme in the UK In the world of digitalized …
Here Goes Another Groundbreaking DashDevs Digest!The Devil is in the details, isn’t he? Go straight to the fintech details of this week with the help of the DashDevs team and enjoy your Friday evening to the full! New banking merges, countries’ and companies’ remarkable liftovers, and more than that are waiting for you below. Weekly Heads Up on Finance: 07.05 - 07.09 The Swiss Are Still Paying by Cash: Can You Believe It? …
Anything New in Fintech? — Stay in Tune with the DashDevs Digest!This week, 06.28 - 07.02, isn’t primarily about June’s ending but more about tech- and finance-related milestones. Are you a lover of different professional conferences and festivals? Then this news digest will be your cup of tea! Without any more digression, let’s dive into the fintech events of this week with gusto! Weekly Tech & BaaS News VivaTech 2021: What’s It All …
Spend Your Friday Evening with the Dashdevs Digest: 06.21 - 06.25Do you keep your finger on the pulse of the latest banking and investment news? Are you familiar with the fresh changes in the crypto niche? And finally — would you like to be informed about all this stuff? If yes, our Dashdevs hot news selection is what you need! Without further ado, let’s cut to the chase! Investment Questions to Answer with DashDevs $60m on the New ETF-based Hedge Fund …
Most Inspiring TED Talks Insights Into App DevelopmentAre you a big fan of TED media? Or have you ever watched at least one episode of the TED Conferences? Whatever your regularity to this global community is, you’ve definitely heard about this platform, right? However, familiarity is rarely equated with the usage to the max. That’s why we’re here for you! Let Dashdevs share with you a few incredible cases of app development within the last 3 years. …
The Inside of Various Pension SystemsDo you know which country can be proud of the first pension system’s appearance? Any guesses then? It’s Germany! To be exact, this is the achievement of Otto von Bismarck who made efforts to establish the state social welfare system at the end of the 19th century. Being guided by the intention to defeat socialists, he worked out the first modern social security system consisting of healthcare, …
The Freshest DashDevs Digest Brings You the News: 05.24 - 05.28The fintech sphere is always characterized by incredible breakthroughs and painful downfalls. That’s what our digest is about! We invite you to a safe trip around the startups’ progress, banking innovations, and some risky ventures to look at and learn from. Can’t wait to read the latest news? Let’s do it! End of May Banking & Investment Breakout The Goldman Sachs Group Considers Ethereum …
Solutions To Key Fintech Development Challenges From A Proven VendorSo, we’ve been in the market of fintech development and fintech development outsourcing for more than 10 years. With more than 30 projects under our belt, we can say two things for sure. One, every single one of our projects was a truly unique experience. Be it the need to reduce the weight of 120+ gig verification networks to fit inside a mobile app, or inventing innovative user interface …
The Long-Lasting Coronavirus Impact on Economy or Thoughts on the Business Change Amid COVID19So where are we six months or a year from now? What does the future hold for us, our clients and partners, and friends? After a call with a business prospect, I sit in my chair in the empty office. All the employees are working from home, and we’re rather lucky since nearly all of our clients are digital, and indeed most of them are in entertainment, online banking, fintech, and health & …
Stripe Issuing and Why You Should Care About New Credit Card IssuerAs most of the world is on lockdown trying to prevent further spread of COVID-19, it’s hardly surprising that people are massively turning to the Internet to buy what they need. New circumstances make some goods categories reach new heights. For instance, US sales of baking mixes increased by 489%, nail polish - 335%, hair coloring - 310%, and chocolate - 298%, as compared to the same period …
The Rise of PPaaS: Preparing for the Next Wave of Fintech DisruptionThe financial services industry is continuously undergoing dramatic changes in response to regulatory updates, emerging technologies, and operating models. The boom of banking-as-a-service, with its innovative approach to delivering banking products, is a case in point. The PaaS (payment as a service) fintech platform providers enable their partners — which may include insurers, fintech, telecoms, …
Introduction to Insurtech: Business Models, Challenges, TrendsInsurance is one of the most conservative industries, so it comes as no surprise that it has been slow in adopting innovation. However, just as fintechs are shaking up the banking and financial services industry, insurtech companies are starting to disturb the insurance world. Today around 86 percent of insurers believe they should innovate at a rapid-fire pace to keep up with increasing demands …
The Growth of Banking Software as a Service and the Pi1 CaseUp until more recently, traditional banks and reputable financial institutions were the only way for individuals to gain access to any type of financial services, either payments, transfers, or loans. Monopoly and lack of relentless competition almost completely excluded the terms like ‘value-added’ or ‘customer-focused’ from the typical banking practice. Fintech firms and …
The Internet of Payments and Benefits of IoT in Financial ServicesFrom smart speakers, wearables, and refrigerators to self-driving cars, connected homes, and smart cities — internet connectivity continually pushes back the limits and wins new markets. It can be reasonably called the next stage of the digital revolution, and it is expected to transform our lives significantly. Gartner foresees that there will be over 25 billion Internet of Things solutions in …
Dashdevs Fintech Autumn 2019: NOAH Conference, FinTECHTalents, and Project Imagine DebutThe whole 2019 year was very dynamic and fascinating for the DashDevs team, and this autumn was no exception. In October and November, our CEO, Igor Tomych, and VP of Business Development Departments, Yuriy Soshenko, visited two significant events in the UK — NOAH 2019 Conference and the Ultimate Global Fintech Festival FinTECHTalents 2019. Both conferences took place in London and brought a lot …
Dozens App Story: Becoming a Top Fintech App in One YearA year has passed since the release of Dozens app to the stores. Now, this fintech application has over 20k of real registered users who are the owners of beautiful yellow and grey debit cards. Dashdevs, as a technology partner, and I, as a digital product owner, have been working on this application from the very first day. My first task was to conduct marketing research, define competitors, and …
15,000 of Dozens App UsersI love to develop digital products. It is the most exciting activity for me, at least by now. Moreover, it is not only my passion. My team always puts their hearts and souls into our work. From the beginning of the 2018 year, Dozens had become my ruling passion. It is not just a new challenger in the UK market, it is a personal guide to fintech offering users a unique journey from spenders to …
Dozens App Results: Top 10 UK Banking Apps Application for July 2019We love to develop mobile solutions. It’s not another marketing slogan for us. Dashdevs team has the heart set on the idea of creating top-notch digital products, and we hire people who understand our passion and share it. Creating a mobile application starts with a recognition of the problems that we want to solve, followed by a few rounds of the design, development, re-thinking, re-designing, …
What Digital Product Startups Are Recklessly MissingThe moment an idea sneaks in the startuppers’ head, it occupies every free space it can. One doesn’t want to evaluate it. One just wants to deliver it on. The entrepreneurs who are led by such a vision are great. They can find thousands of ways to release it. Sometimes it seems like they are out of this world. They don’t see any blockers, only a target. You might have experienced such inspiration …
The Fintech RevolutionWhen we hear or read of failure, we usually remember our hard times or even some painful situations. Our unconscious fear of fatality raises in our minds. But we also know that failures happen, and if we learn from them, we gain experience. We learn from doing and become wiser by overcoming failures. The tricky thing is that we will rather see opportunities for growth and improvements from …
Digital Banking Product Development: Challenging Beyond the Challengers“I have learned that success is to be measured not so much by the position that one has reached in life as by the obstacles which he has had to overcome while trying to succeed.” — Booker T. Washington Reading the personal success stories of well-known people is enjoyable, interesting, and so inspiring. However, there are two points that readers need to keep in mind while reading. The first one is …
2018: We’re making headway!The year 2018 is over. This period was a full plate of great projects and prospective products for our sci-tech crew. Some projects were a challenge for us but the results we’ve got are colossal. Dashdevs has developed and released a digital bank, several messengers, loyalty programs, e-commerce, retail and news applications. When you working hard it is difficult to get a sense of your true-life …
