Wealth management is embracing technology like never before, but nowhere is this truer than in Asia. Home-grown technology answers to long-standing problems are cracking open the industry in new ways, and traditional wealth managers should look to the region for a glimpse of how the world is changing. Over the last two years, the pandemic
Mastercard is piloting new technology that lets shoppers make payments with just their face or hand at the checkout point. The company on Tuesday launched a program for retailers to offer biometric payment methods, like facial recognition and fingerprint scanning. At checkout, users will be able to authenticate their payment by showing their face or the
The new digital age of banking has forced even the biggest legacy banks to get created to keep up engagement with their users. Currently, Chase Bank outperforms other legacy banks, using fintechs to capture nearly 58 million active users. Fintech refers to the integration of technology into offerings by financial services companies in order to improve
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Dare I say it, but this year is shaping up to be the year of the finance “super app.” Since the beginning of the year, I have seen no less than seven companies talking about creating a super app. Now, let me be clear here. I am not talking about a super app like WeChat
The rise of open banking is revolutionising how people use and interact with their finances. With open banking, financial service providers can provide more bespoke services for their customers by analysing data from many different sources. This article explores how big data is changing fintech and what it means for consumers and businesses. READ MORE
The good news is that advances in financial technology, or FinTech, are going to improve customers lives. The bad news is a lot of investors are going to lose money while it happens. With a record $98 billion invested in the first half of 2021 alone, taking the total to in excess of $1 trillion over the
AI adoption in the financial industry was quite slow before the pandemic. When the world locked down, it finally pushed financial institutions and their partners around the globe to automate the rest of their banking services and make them more customer centric. What does the future hold in store for 2022? Here are seven fintech
As the financial industry changes and evolves with new technologies, staying on top of trends becomes more crucial. The best way for this is to keep an eye out for innovative companies emerging as leaders in fintech. There are a number of predictions for the future of fintech, as well as numerous companies attempting to shape the
Stripe, a processor of online payments, is an example of a thriving company in the nascent fintech industry. By marrying financial services with cutting-edge technology, fintech is meant to inspire the development of new companies by people and communities that have been shut out of the traditional financial system. But the new industry is falling woefully
