Prove Blog

The financial services industry is still finding its footing in open banking.

As the blockchain-focused community of entrepreneurs expands worldwide, the ecosystem aims to support and nurture top-performing solutions.

Companies in the cryptocurrency space are turning to phone-centric technology already embraced by banks to become leaders in this fast-evolving industry

The cost of misconduct is defined here as costs borne by banks in connection with imposed penalties, paid settlements, costs of regulatory proceedings, customer compensation, and other relevant costs.

Bitcoin and the underlying blockchain technology were invented/created over eight years ago as an alternative means of payment by mining digital currency (Bitcoin) by solving cryptic equations.

The largest financial institutions in the US have been involved in one way or another in bringing artificial intelligence into operations and customer-facing functions.

When Robinhood embarked on a mission to democratize online trading and end Wall Street firms’ practice of charging fees for executing trades, many thought it was impossible; few also said that this was an unsustainable model and predicted its failure.

Technology has become a defining factor in the financial services industry, and traditional financial institutions are experiencing competition from unexpected rivals.

Executives believe the IoT will be the most important of all emerging technologies, ranking it above others like artificial intelligence or robotics, Forbes reports.

According to some estimates, more than 75% of US adults participate in customer loyalty programs like those offered by credit card companies, hotel chains, and retailers.

The sharing economy is not about sharing at all – none of those multi-billion-dollar companies or their clients are sharing anything. Instead, experts in the matter call it an access economy.

An estimated 1.7 billion adults remain without basic access to financial services, and billions are still underserved.