Hong Kong is committed to the growth of their fintech sector. With a national GDP of $341.4bn, the city is fast becoming a hub for digital transformation. The rapid advancements in technology has led to the rise in fintech innovation and online banking methods which has supported consumer needs amid the pandemic. The latest report […]
FinTech
By BARBARA ORTUTAY AP Technology Writer OAKLAND, Calif. (AP) — Hackers broke into the Twitter accounts of world leaders, celebrities and tech moguls on Wednesday in one of the most high-profile security breaches in recent years, highlighting a major flaw with the service millions of people have come to rely on as an essential communications […]
Technology is fundamental to the retention of customers, for one simple reason. Technology facilitates and drives the development of services, expected by the tech savvy client. People are always looking for ways to make their payment processes faster, safer and more convenient. Fintech adoption has rapidly escalated amid the pandemic, which has meant that banking […]
UK trade with Ireland faced significant growth between 1999 and 2018 registering £ 2.9 billion and £13.5 billion respectively, according to a briefing paper Statistics on UK trade with Ireland published on January 14, 2020, by the House of Commons Library. In 2018, Ireland was the UK’s 5th largest export market and the 10th largest […]
African countries long served by traditional banks are experiencing a huge digital financial transformation amid Covid-19. The move – initially used to control the spread of the virus – might position Africa as an international leader in digital banking which will boost the digital economy. According to the GSMA report entitled “State of the Industry […]
Fintech allows you to perform all kinds of operations wherever and whenever you want. Financial technology is a tool that has been changing the way we work with money. The Fintech market will pin its worth at approximately $ 305.7 billion by 2023 according to the Global Fintech Market (2018-2023). Due to social distancing, Fintech […]
The expanding rate of mobile phone and internet use has enabled many people to access services that help facilitate the obligations of daily life. As such, financial technology (Fintech) is being adopted and utilized at a fast rate and aims to compete with traditional financial methods in the delivery of services across the globe. In […]
Capgemini released the World Fintech Report 2020, which states that at the moment, the divide between what consumers expect and what traditional banks deliver at present, is significant. It is consequently, the perfect time for banks to catch up with the whole back-end process in order to provide the most effective customer experience. The report […]
The current Coronavirus pandemic has driven a huge 72% increase in the use of FinTech applications in Europe. The research, published by deVere group found that at a time when most industries in the economy are starting to feel the impact of what is already being labelled an international recession. This sharp increase in app […]
Tech giants are predicted to take up to around 40% of the $1.35 trillion in US financial services revenue from incumbent banks. Three of the largest US based, multinational tech companies — Apple, Google, and Amazon — are increasing their scope and slowing encroaching on financial services and the new era of FinTech. This is […]