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 …
2024/08/01
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 …
The digital universe currently contains over 44 zettabytes of data and approximately 2.5 quintillion bytes of data are created every day.
The primary advantages of big data are that it provides valuable insights that companies can use to improve their business operations. It is therefore not surprising that the adoption of big data by organizations has increased in recent years.
However, big data …
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 …
In the modern world of digital technologies, web stores, and online payments, the role of payment processing vendors is significant. Such service providers handle various forms of electronic payments, including credit and debit card transactions, offering secure and efficient processing services.
The transaction value in the digital processing market is projected to reach $11.55 trillion in 2024, …
As the technology in payment processing and banking evolves, the sector is witnessing a significant shift towards digital transformation.
As such, consumer digital payment processing grew by over 50% during the year 2022, indicating a marked transition towards digital transactions. Over the same period, the private debt saw a significant growth of 29% in 2022, illustrating a shift away from …
“E-commerce isn’t the cherry on the cake, it’s the new cake.” — Jean-Paul Ago, CEO of L’Oréal.
The retail industry has witnessed transformations lately, which have been truly impressive. One of the reasons behind this transformation is the surge to shop online.
It is projected that by 2023, 2.89 billion people will engage in purchases, accounting for more than 36% of …
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 …
1. Swift UI — new UI implementation on iPhone
Vision: Modern way to create and support your UI for iOS, iPadOS, watchOS, tvOS. Before: UIKit was designed during the Objective-C era and missed some modern approaches in structuring UI. Now: SwiftUI is an innovative and simple way to build user interfaces across Apple platforms with the power of Swift. Developers get the opportunity to build user …
2019/06/20