The rise of fintech: Top 10 fintech solutions transforming the banking industry
Digital and technological advancements marked the beginning of the use of technology for finance management. In 1967, the introduction of an ATM by Barclays was a step towards justifying it. As a result, the word “financial technology” (fintech) came…
What is a white label digital banking solution & platform? Meaning, types, and benefits
Over 70% of consumers now prefer digital banking services over traditional methods. This shift has created immense pressure on traditional banks to adapt and go digital too. So as a bank, you must innovate quickly to stay relevant and compete with…
NFC Mobile Payments: What Are They And How Do They Work?
99% of smartphones will be capable of making contactless payments globally by 2027. It means contactless payments are showing a tremendous increase. And NFC payments among them have gained next-level popularity. Customers love to make payments…
What is Cashless Payments System & Solution: Cashless Transactions Advantages
Cash is not the ‘King’ anymore! The digital advent of payments has entirely changed the scenario and has given rise to cashless payments. The first move towards cashless payment was a credit card in the 90s. In the same decade, the electronic banking…
Impact of FinTech on the banking and financial industry
FinTech solutions have become a norm due to the rise in startups in the past decade. It has revolutionized many financial businesses by making them acquainted with the technology. For banks, fintech brings a customer-centric approach, which can make…
Challenges, Opportunities, and Solutions of Financial Inclusion in Developing Nations in Africa
Financial inclusion in dеvеloping countriеs in Africa is complicatеd. With significant growth in somе countriеs and nеgligiblе growth in othеrs. Thеrе аrе so many challenges around financial inclusion in thеsе countriеs, but thеrе is also a…
Benefits of NFC-enabled card issuance and its impact on contactless payments
In the digital payments world, where so many crucial innovations keep coming out every now and then, contactless payments have become very significant. And NFC-enabled cards happen to be one such innovation in contactless payments. The roots of this…
Expanding Financial Inclusion in Rural Africa: How eKYC Can Help Banks Affordably Serve More Customers
Africa is a continent of remarkable diversity, from bustling cities to sprawling rural landscapes. However, one issue that affects both urban and rural areas alike is financial exclusion. In rural Africa, where the majority of the population lives…
AI In Fintech: Use Cases Of Artificial Intelligence And Machine Learning In Fintech
The integration of artificial intelligence (AI) and machine learning (ML) has been the driving force behind fintech innovation in recent years. From fraud detection to customer service, AI and ML have transformed the way financial institutions…