Prove Blog

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.

Banks are now finding ways to involve themselves with startups to reap benefits by making early-stage investments and launching mentorship programs to attract talent.

Global money transfer company TRANSFAST today announced partnerships with three leading Kenyan banks for instant deposits, as well as the launch of its M-PESA service.

It is estimated that the Cholamandalam's parent company Murugappa group together has over 3.5 million rural customers.

The rapid rise of FinTech startups seems to be throwing some shade on the banks basking in the sun. As payment technology evolves, FinTech startups are found to be more imaginative in making money-handling easier for consumers.