FinTechs, like any other company, are now embracing social media to tell their stories, engage with their consumers, and leverage influence. Additionally, the data and insights collected from social media platforms, in this case, tweets, can help FinTech companies analyze consumer behavior and preferences, the most critical factor in present times. Financial institutions have also
FinTech refers to software and other modern technologies used by businesses that provide automated and improved financial services. FinTech in our daily life is Mobile Payment apps, Cryptocurrency, and Blockchain like Bitcoin and Gemini. In the future, the range of FinTech services is predicted to transform the market even more with AI and machine learning
Accountants can now use technology to perform several tasks once done manually. This has resulted in increased efficiency and accuracy in the accounting process. In addition, the use of technology has allowed accountants to provide a wider range of services to their clients. Here are six ways in which technology has made an impact on
The global ecommerce market for merchants promises so many opportunities, but with such fierce competition and consumers getting more demanding than ever, the challenges of trying to increase cross-border sales are only getting harder. It’s hard enough to drag down the cart abandonment rate for domestic customers, never mind those in other markets. So much
Globally in 2020, more than 70 billion real-time payment transactions were processed – an increase of 41% compared to the previous year. This massive rise in transactions has presented an opportunity for criminals to conduct more fraudulent activities like account takeovers, chargeback fraud, or identity theft, resulting in more than $1 trillion stolen in cybercrime
The acceleration in digital transformation and digital adoption across all industries has raised customer expectations over the last few years. The way customers want to pay for or access services has changed for good, so insurers, just like all those in financial services, have to meet those expectations to stay competitive. Consumers were already getting
In finance, securities professionals are responsible for managing money, investments, and other financial instruments. But on the publishing side, there is a group of writers and reporters who are tasked with creating content that provides information about and analyzes financial markets, the economy, and all things money-related. KEY TAKEAWAYS Unlike other careers, there is no
What Does Fintech Mean? FinTech, or financial technology, is a term used to describe any new technology that aims to improve and automate the use and delivery of financial services. It helps both businesses and consumers better manage their financial processes with the use of specialized software and algorithms used on smartphones and computers. When
Fintech (financial technology) is a thriving and diverse sector covering a range of areas such as online or neobanks, payment systems, payment gateways/application programming interfaces (APIs), investment banking back-end infrastructure, insurtech, wealthtech, and regtech. It also covers more cutting-edge areas like central bank digital currencies, cryptocurrencies, and non-fungible tokens. However, the report, Fintech state-of-play: opportunities
It would come as no surprise if internet retailer Amazon announced it was taking over the world tomorrow. There seems to be very little that it can’t offer customers, whether it’s conquering Christmas lists, watching boxsets through Prime, or managing life admin through the intelligent personal assistant Alexa, almost everyone uses one or more Amazon
FinTechs, like any other company, are now embracing social media to tell their stories, engage with their consumers, and leverage influence. Additionally, the data and insights collected from social media platforms, in this case, tweets, can help FinTech companies analyze consumer behavior and preferences, the most critical factor in present times. Financial institutions have also
The global ecommerce market for merchants promises so many opportunities, but with such fierce competition and consumers getting more demanding than ever, the challenges of trying to increase cross-border sales are only getting harder. It’s hard enough to drag down the cart abandonment rate for domestic customers, never mind those in other markets. So much
