By 2026, the fintech services market will grow to $31.5 billion. This is roughly four times what it was six years ago.
Fintech is developing more quickly than ever before, and companies that don’t keep up risk falling behind. This rapid development is an obvious indication of that.
At DashDevs, we pioneer financial innovation and guide businesses through this rapidly evolving environment. …
Every day, internet users produce approximately 2.5 quintillion bytes of data, contributing to a global data landscape that is projected to reach 181 zettabytes by 2025. This growth underscores the rising importance of big data analytics. Organizations are investing in solutions to extract insights, improve decisions, and stay competitive. AI and machine learning now accelerate real-time big data …
Cameras in fintech applications can become a window to new financial freedom. The video identification process can enhance the know-your-customer (KYC) process, allowing it to use algorithms that recognize and verify users a lot faster.
Many business owners have the same view on video identification. This drives the market segment to a quick expansion with a CAGR of 15.29 during the years …
Fintech is changing the way we interact with money, making financial services smarter, faster, and more accessible. Did you know the global fintech market is expected to skyrocket to $698.48 billion by 2030, with a growth rate of over 20% per year? That’s because fintech is constantly evolving, driven by new technology, changing regulations, and what people need most from their banks.
Every year …
YouTube was once aimed at creating entertaining content, but now it has become rather educational. If one knows where and what to search, it’s quite easy to utilize YouTube as a resource to learn new skills and hone existing ones. Hence, finance education became a prominent niche on YouTube.
YouTube finance channels have an opportunity to spread news and trends from the fintech world, help …
AI gradually shifts from an innovation to something most users are accustomed to in their everyday lives. However, some aspects and examples of AI customer service solutions can still help your business become a pioneer.
According to a HubSpot report, in 2024, over 84% of CRM leaders see AI as an instrumental tool for interacting with clients. The same report mentions that over 71% of respondents …
“E-commerce isn’t the cherry on the cake, it’s the new cake.” — Jean-Paul Ago, CEO of L’Oréal.
Financial technology is the hero contributing to this e-commerce boom. It ensures that online purchasing is not feasible but a seamless experience for users with the possibility to make purchases in just a few clicks.
Experts predict that the e-commerce market will generate 1.2 trillion U.S. dollars in …
Artificial intelligence (AI) has changed the financial services industry, with applications in investment banking, insurance, wealth management, and more. One of the most promising AI tools for investment banking is ChatGPT, which already has more than 180 million monthly users.
This generative pre-trained transformer language model can be used to provide virtual assistants for customer service …
In the insurance sector, as elsewhere in finance, adaptability to cutting-edge technologies is crucial for competitiveness. Insurtech, the synergy of insurance and technologies, fundamentally changes how insurers operate and interact with customers.
The global insurtech market is estimated to expand rapidly, with a compound annual growth rate of 52.7% from 2023 to 2030. Such dynamics give reason …
Crafting a clear plan for entering the market is easily one of the most impactful things a startup can execute to get closer to success.
Report by Gather evidence that 83% of companies have a dedicated team or a role responsible for creating startup company marketing strategy. Besides, 85% of the organizations report that their go-to-market strategy was very or somewhat effective at driving …
What lacks the majority of software product providers is speed. Fintech companies can’t afford to have compromised operational scalability and consumer reach. That’s why it’s possible to observe the growing demand for wealth management platforms used to automate fintech tasks and help handle finances.
In 2023, the worldwide market for wealth management software was worth about $4.59 …
Cloud computing is one of the most rapidly evolving niches in the information technology sector. Even though the cloud technology trends have been around for more than a decade, its popularity has skyrocketed in recent years. Given this growth trajectory, cloud computing industry trends will become the most discussed topic in 2024.
Statistics reveals that 42.5 % of EU enterprises bought cloud …
Blockchain is regarded as a promising technology with plenty of potential uses across most industries, far beyond simply trading cryptocurrencies or securely exchanging digital assets.
Deloitte’s research evidence that 80% of businesses from across various industries expect blockchain to bring new revenue streams in the near future. And that most likely will be the case.
In this post, you’ll …
Almost 50% of potential users will leave your site or app if it takes longer than two seconds to load, and they are likely to not come back.
When the user base grows, your servers might struggle to keep up with the increased demand and high traffic. Your business could suffer if the current IT resources cannot help the sudden growth from 10,000 users one day to 100,000.
That’s when you need …
Are you constantly on the lookout for new tools to improve business operations? Robotic Process Automation (RPA) could be the technology you’ve been missing out on.
A study shows that 98% of IT leaders believe automating business processes is necessary for getting industry advantages. And this is true because RPA for finance can reduce labor-intensive tasks by up to 80%.
Finance RPA includes …
According to recent data from Global Market Estimates, the global green fintech market is expected to increase by 22.4% annually from 2024 to 2029. A mix of technology and finance, which is called green fintech, helps the planet and promotes sustainability.
Before we explore this topic, let me introduce myself. I’m a software engineer with six years of experience. I lead the Node.js …
The adoption of digital technologies in financial services is gaining momentum. The convergence of customer demands, technological advances, and government choices will significantly impact the direction of the financial industry market trends in 2024.
The financial services market is projected to grow from $25,848 billion in 2022 to $37,484 billion in 2027 at a CAGR of 7.5%. The pace at which the …
AI recognition in finance started in 1980 already, but it became a strong trend relatively recently. Undoubtedly, AI already infiltrated most business spheres. But how can you, as a digital bank owner, executive, or an individual planning a neobank startup, put it to good use before competitors will?
Well, for starters, let’s embrace the fact that 35% of companies already take advantage of AI, …
In the modern day, financial fraud is incredibly widespread. While customers are at risk of being scammed, businesses that fail to establish fraud detection and prevention systems risk their reputation and can be subject to penalties, and in some cases, C-level of companies can be criminally liable.
Statistics reveal that business losses because of online payment fraud were estimated at $48 …
Events are the best way to build a strong network for your business and yourself as a business individual. 79% of people agree that networking plays a vital role in career and customer attraction, as about 40% of people are inclined to become customers of a particular company after meeting a business owner.
But networking also has to be mindful. Good networking events always come with a great …
Bitcoin, the world’s leading cryptocurrency, has captured the hearts of millions, with its user base growing extremely fast during the last decade. As of the latest statistics, over 400 million people actively engage with Bitcoin worldwide as of 2023, showcasing the rising influence of decentralized digital currencies.
On the other side of the spectrum stands Revolut, a trailblazer in …
Welcome 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 …
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 …
The 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, …
These days a landing page is a must-have for effective business growth. It describes your product or service, benefits for potential users, and articulates your goals. It is where a customer comes clicking on the ad or performing a search. And most importantly, a well-thought-out page can easily become the primary sales tool or literally revenue generator.
Being a product manager and working with …
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