3 Fintech Advancements that Impact Your Business
Financial technology, or fintech, is transforming the way we think about financial services. Advancements in the fintech industry allow companies to better serve their customers and make it easier for businesses to accept payment, manage their finances, and find funding. In order to better understand how financial technology can help you meet your business goals, it is important to learn more about the ways that fintech advancements can impact businesses. Crowdfunding. One advancement in financial technology that has opened up new opportunities for businesses to raise capital is....
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Enthusiasts of financial innovation remain optimistic, though. Fintech is growing at an accelerated pace in some countries. Over the past few years, many people have wondered how Fintech will impact the economic ecosystem. Some people feel there will be a major shake-up, whereas most experts see things very differently. Similarly to blockchain technology, Fintech is subject to a lot of hype right now. Despite the lack of strict regulation, fintech startups are not expected to cause significant disruptions anytime soon. It is impossible to deny fintech startups are doing things very....
As the year winds up, the Blockchain industry must reassess its strategy in view of the challenges and opportunities that 2017 presents. Time to look inwards. Several conferences, workshops and seminars are happening across the globe involving reviews of the advancements so far within the industry and also in preparation of the predictive future. In Seoul from Dec. 8-9, South Korea holds what organizers describe as the “Inside Fintech Conference & Expo.” This conference claims to explore FinTech 3.0, including Blockchain technology and other decentralized solutions for financial....
The Nigerian financial services sector has experienced some major technological developments within the last two decades. How much impact have these changes and FinTech advancements had on her neighbours within the West African subregion? How dependent on Nigeria are its neighbours, considering future technological improvements? While delivering her speech after a meeting with the President and Vice President of the Federal Republic of Nigeria at the Presidential Villa in Abuja, the Chairperson of the International Monetary Fund (IMF), Christine Lagarde emphasised how dependent on Nigeria....
Is fintech sector a threat to the banking world? Traditional banking is still observing this sector and has taken a lot of steps towards utilizing the technology behind Bitcoin, the blockchain. But still, at least in the case of Santander Bank, the fintech industry did raise a few red flags. Business Insider has quoted Mariano Belinky, the head of Santander's fintech investment fund InnoVentures, discussing the exercise that the bank had undertaken to gauge the level of impact that the nascent industry could have on its operations. While speaking at an online lending conference, LendIt....
Britain will vote on the European Union Referendum on Thursday when millions of people will decide whether or not to stay in the EU. If Britain decides to leave, though, it could cost the UK economy as much as $5 billion over the next five years, according to a report conducted by consultancy William Garrity Associates. When it comes to the Brexit campaign there seems to be one theme consistently circulating: that EU regulation is stifling those who want to branch out on their own and make a name for themselves in the world of business. Naturally, you would think then that the FinTech....