Tag Archive | FinTech

Data Protection and the Future of Financial Services

Data Protection and the Future of Financial Services

“92 percent of those surveyed agreed that companies must be proactive about data protection. The good news for banks: most consumers (42%) trust them more than any other industry, apart from hospitals.”

via World Economic Forum

B2B Virtual Cards will Expand Global Online Payments

B2B Virtual Cards will Expand Global Online Payments

According to Juniper Research, the annual value of virtual cards (e.g. temporary card numbers only available for a single transaction or limited time) used by businesses will grow by 90 percent over the next four years — exceeding $1 trillion by 2022.

via Digital Lifescapes

Fintech: Game-Changing Opportunities for Small Business

Fintech: Game-Changing Opportunities for Small Business

Artificial intelligence, machine learning, and big data will transform financial services and small-business lending long before they impact driverless cars, predicts Harvard Business School Senior Fellow Karen G. Mills.

via Harvard Business School

How to Secure a Blockchain – Three Considerations

How to Secure a Blockchain - Three Considerations

Leaders today must challenge conventional wisdom and think differently, in order to achieve the highest possible security in the context of blockchain. Here are three key considerations, each with a series of insights based on security research and other data, to empower leaders to act on these challenges.

via World Economic Forum

Chatbots Deliver Lasting Benefits for Financial Services

Chatbots Deliver Lasting Benefits for Financial Services

According to the latest worldwide market study┬áby Juniper Research, the operational cost savings from using chatbots within banking will reach $7.3 billion globally by 2023 — that’s up from an estimated $209 million savings in 2019.

via Digital Lifescapes

Why Mobile Payments and Fintech Disrupt eCommerce

Why Mobile Payments and Fintech Disrupt eCommerce

Fintech innovation continues to disrupt the Global Networked Economy. The value of consumer spending on remote payments for digital and physical goods is estimated to have surpassed $3.3 trillion in 2018 — that’s up 10 percent on the 2017 total of $3 trillion.

via Digital Lifescapes

Why Small Business Banking Has Been Disrupted

Why Small Business Banking Has Been Disrupted

Fintech has discovered SMB banking. “Small and medium-sized businesses are crucial sources of revenues and profits at most banking providers, so the prospect of bank brands losing their relevance among SMEs should keep bankers awake at night.”

via Forrester