Prove Blog

As payment technology evolves, FinTech startups are more imaginative in making money-handling easier for consumers.

Machine learning is one of the most important and powerful types of AI. Blind straight algorithms can never be as beneficial for businesses and society as the ones that can learn and adapt to inputs and trends.

According to the FRB, US banks had 4,821 branch closures between 2009 and 2014. The number accounted for around 5% of the bank branches in the country.

Digital ‘Banking-as-a-Platform’ solution delivers instant PSD2 compliance for banks, mitigates digital payment risks, and eliminates disintermediation.

The insurance sector has entered a phase of profound transformation.

There is no consensus on the level of tech innovation in the international or cross-border money transfer and payments industry.

Effective risk assessment is at the core of the lending business.

GSMA reports that in 2016, mobile technologies and services generated 5.2% of GDP in the APAC region, which translated into a contribution of $1.3 trillion of economic value.

One of the most aggressive and swollen financial industry segments is investment banking.

A 2015 research report on the smartphone industry in the US states that 64% or two-thirds of Americans have a smartphone. This is indeed a 35% rise in the past four years.

InsurTech is becoming a hot topic and sector for bright entrepreneurs to develop disruptive solutions.

BBA, Payments UK, the Council of Mortgage Lenders, the UK Cards Association, and the Asset Based Finance Association are set to merge their efforts to create a more substantial lobbying power, backed by nine British banks, including HSBC, Lloyds and Barclays, and building society Nationwide.