Prove

“Trust gap” is a term that has been trending since the start of the COVID pandemic – have you heard of it? It refers to the discrepancy between the percentage of customers that companies can trust and greenlight immediately in-person vs. how many they can trust online. With more and more consumers interacting online than ever before, and more fraudsters taking advantage of that surge, the trust gap is forcing companies to put more security hurdles in place, hindering the customer experience.

Customers can now have the option of fulfilling all their banking needs through an iPad.

With big banks denying the vast majority of small-business loan applications, the role of other lenders becomes increasingly important.

Here are some interesting examples of the applications of blockchain technology beyond financial services:

From digital currency to digital deposits, financial services organizations are having to divert from their old-school ways of closed, monolithic legacy applications.

Machine learning is a type of artificial intelligence that provides computers with the ability to learn without being explicitly programmed.

Voice-enabled assistants are estimated to reach 1.83 billion by 2025.

Initial perceptions of FinTech startups pegged them as standalone disruptors of the financial ecosystem. But the consensus within the financial sector is shifting.

It's important to understand what actually is the gig economy, where it would fit in the post-COVID-19 world, and what it means for FinTech.

Largely under the influence of FinTech, the robustness of internal infrastructure in banking went from being an industry norm to a disadvantageous hallmark.

Traditional banks are now facing intense competition from FinTech players that are young, dynamic, and more adept at providing financial services in today’s digital era.

Rapid cross-industry digitization has a significant impact on how businesses operate and grow—from the very business model to how they acquire and interact with customers and expand to international markets.