Individuals and companies have been changing the way they manage their finances through WealthTech or wealth management technology. A digital ecosystem of finances consisting of technologies such as AI, big data, and SaaS, is governing the global flow of money. The trends surrounding this set of technologies are transforming and being reimagined continuously to meet global changes in financial governance.
Top 5 Trends In Wealth Management
By Allen Victor on Mar 2, 2022 5:51:08 PM
How Does Brigit Work? Business Model And Revenue Stream
By Allen Victor on Feb 25, 2022 5:30:00 PM
The modern tech-savvy consumer has a horde of on-demand utility services available directly on their smartphone. A natural byproduct of the market demand for such services is the app-based money lending app, Brigit. Brigit is a payday loan app on a mission to combat unfair loan lenders who trap borrowers in a vicious cycle of debt.
How Does Kiva Work? Business Model and Revenue Streams
By Allen Victor on Feb 23, 2022 5:49:18 PM
Aspiring entrepreneurs from third-world countries and underprivileged communities often find it impossible to fund their dreams by applying for loans. This is because of their lack of credit history or sometimes even little to no access to formal financiers. However, fortunately, microlending apps such as Kiva are here to change the state of small businesses in dire need of funding. But how does the US-based online microfinance company Kiva really work?
How Do Micro Lending Platforms Work?
By Allen Victor on Feb 16, 2022 5:34:14 PM
The most wholesome and altruistic innovation to come out of the FinTech, or financial technology domain is that of microlending apps and platforms. Micro lending platforms leverage peer-to-peer (P2P) technologies to offer loans to small businesses as well as personal microloans to individuals without a standardized credit history.
6 Key Trends Shaping the Future of Payments
By Nandini Mittal on Jan 25, 2022 7:00:00 PM
The COVID-19 pandemic made us witness drastic changes in the way consumers prefer to pay for products and services, inclining more towards cashless transactions. Digitization is certainly a huge step in making payments a quick and seamless experience for customers. That is why digital payment players out there are leaving no stone unturned in bringing innovative modes of payments for businesses and consumers.
AI in Banking Software: Applications & Challenges Involved
By Archna Oberoi on Dec 28, 2021 6:26:00 PM
The smart customer of today needs convenient and safer ways to access, spend, save, and invest money. That is why banks are trying to go the extra mile for an improved customer experience. ATM machines, card payments, mobile banking, etc. exemplify how the banking sector is continuously evolving and believing in technological advancements like never before.
How Banking Can Benefit From Conversational AI
By Allen Victor on Dec 21, 2021 5:40:50 PM
An overwhelming number of leading banking organizations have been adopting conversational AI to improve customer service and end-user experience. This has been especially evident in the retail banking sector where there is no shortage of competitors. Valuable customer analytics and 24/7 support are some of the benefits that conversational AI offers.
Why Vendor Management Systems Are Essential In Finance?
By Allen Victor on Dec 9, 2021 5:34:00 PM
Traditional financial institutions still rely on manual tracking when it comes to the vendor management component of their workflow. They make use of spreadsheets, email, and shared files on online drives instead of a dedicated vendor management platform. A common misconception in the financial industry is that investing in a Vendor Management System (VMS) is more expensive than manual processes.
Top 10 FinTech Trends For 2022
By Allen Victor on Nov 29, 2021 5:50:02 PM
For the FinTech sector, the pandemic-riddled 2020 and 2021 had been majorly about handling the many hurdles of digital transformation. 2022 is looking like the year when businesses will stabilize and get back to business as usual after swapping their systems to digital platforms.
All You Need To Know About Cloud Banking
By Allen Victor on Nov 19, 2021 11:09:58 AM
The banks of today are witnessing sweeping changes at an unprecedented pace. Changing consumer expectations, new technology innovations, and unconventional business models are driving these changes in the banking sector. Banking officers operating in the technological sphere are realizing the potential of cloud banking to help them cope with these modernizations.