5 ways lenders can enhance operations with real-time bank data

Today, instant accessibility of financial services has become a major requirement for customers. They want banks and Fintech firms to offer financial services tailored to their need and preferences. The industry has been witnessing changes on similar lines where...

Top 7 trends driving digital transformation in banking (II)

In the previous blog we discussed three trends out of seven driving digital transformation in the banking industry. Now let's have a look at the four trends which are likely to change the face of the industry in times to come. Cloud Computing Even though the adoption...

How can banks endure radical changes under PSD2?

The Revised Payment Services Directive or PSD2 is amongst the most progressive legislations aimed at revolutionizing the payments and the banking industry. The directive strongly focuses on emphasizing payment security, innovation, and market competition. It also aims...

Top 7 trends driving digital transformation in banking (I)

‘Technological innovation’ – these two words are so embedded in our day-to-day life that we have almost forgotten how we used to live without mobile phones or internet or even online banking. We take it as a joke that the banking services were limited to a brick and mortar building which we called ‘bank’ within…

Facebook’s Libra blockchain to promote open identity standard

Facebook has recently unveiled details of its much-awaited digital currency, Libra, which is built on the foundation of blockchain. Libra allows you to send money to your friends and relatives or buy things with nearly zero fees. Since the launch of the white paper,...

Alternative finance to go mainstream?

In 2017, the alternative finance market grew by 36 percent to reach €10.44 billion. The growth seemed most prominent in the UK witnessing the overall market rise of a massive 68 percent, followed by France, Germany and the Netherlands. Despite the effect of Brexit on...

Banks are pushing adoption of blockchain to foster innovation

Blockchain technology, even in its infancy, has disrupted the banking and finance sector. Various features like immutability, transparency, and decentralization make the technology immensely fitting for various industries and markets. Talking specifically about banks,...

Libra: Facebook coin to balance the world of cryptocurrency

Latest Update:According to Wall Street Journal, Facebook has recently sealed a deal with Uber and Payment giants like Visa, Mastercard and Paypal for the coin. The news alleged said that these firms whose businesses extend across finance, e-commerce, telecom and venture capital are going to invest around $10 million in a consortium that will govern…

How Blockchain Will Transform the Pharmaceutical Industry

The global pharmaceutical industry is expected to reach $1170 billion in 2021 from $934.8 billion in 2017, according to a recent report by the Business Research Company. The pace of market growth, though, increased in 2018 from 2017 (5.8% from 5.2%), it is still...

Five Ways Artificial Intelligence is Accelerating Growth in Fintech

Fintech is thriving globally and is estimated to reach $638 billion by 2024 in terms of revenue generation. With technology at its core, it has redefined how financial services can be delivered with a customer-centric approach and enhanced security measures. The...

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