The pandemic may have accelerated digital transformation across the world of financial services , but behind the scenes, banks and lenders still face a significant tech debt, and many organizations are committed to continuing the innovation. That’s for good reason. Today’s consumers increasingly expect a digital-first customer experience. The days of visiting a local bank
FinTech is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, FinTechs help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms used on computers and, increasingly, smartphones. There is a general sense
Nu, the parent company of Nubank, reported its fourth-quarter financial performance, and in response to rapid revenue growth and improving economics, the company saw its value drop 9% in regular trading today after falling sharply in recent sessions. Now worth just $8 per share, Nu is underwater from its IPO price and down about a third from
With February already underway, many of us have made resolutions for the new year. Common goals include getting into shape or reaching out to an old friend. Another popular resolution is to do better financially. However, keeping these resolutions often proves harder than expected. Because your financial well-being is so important, you should ensure to set goals
It’s not part of Marketing 101, but the next uptick in your firm’s sales could be in the days after its earnings announcement. In the 10 days after an earnings announcement, publicly held firms see an average increase of 1.1% in consumer footfalls at their brick-and-mortar stores and in online sales, according to a recent
Amidst a backdrop of economic uncertainty, the global Fintech ecosystem experienced unprecedented growth in 2020. Then, in 2021, the space reached new heights of innovation, with Fintech companies raising more than $140 billion, three times higher than that of 2020, setting an all-time record. The record-setting trends of 2021 were also mirrored in Israel’s rapidly
According to Statista, as of November 2021, there were 6,268 FinTech startups in the Asia Pacific region. It clearly shows that finance is one of the most data-affluent and inventive industries today that has created the most trendy solutions in the finance field. Moreover, it has integrations with trendy technologies to provide better financial services
Off the back of another record breaking year of deals, both in size and volume, the resilience of the fund finance market is likely to continue throughout 2022. With larger funds being raised, there is a corresponding increase in the scale of financing as new entrants to the market, on both the borrower and lender
Many busy physicians find they don’t have the time and energy to develop a savvy financial plan for their practice or their own personal needs. That’s why physicians needs the collaborative support and guidance of a good financial team. Many physicians never learned anything in medical school about running a business or handling personal finances,
There’s a lot of pride associated with owning property, whether it’s a primary home or a vacation bungalow. It’s especially rewarding when real estate is properly compensated for. But while a high selling price may be exciting in the moment, it typically comes with a potential drawback. As a capital asset, any gains you make
Many of us plan to live long lives. But with a high life expectancy comes a longer retirement. That means finding ways to financially support ourselves past our working years is more important than ever. There are many options out there that retirees use to boost their retirement income, from defined benefit plans to equity
Securing funding has long been problematic for micro, small and medium enterprise (MSME) businesses. Bank loans often require solid credit history, a long track record, or proof of ample cash revenue to gain approval. This is simply not possible for many small businesses and is especially cumbersome for small companies located in developing countries such
