Prove Blog

Small businesses are the backbone of modern economies, in which the democratization of financing opens new frontiers for an increasing number of entrepreneurs.

The European Banking Authority (EBA) has published its ‘final’ draft Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and secure communication under PSD2.

Neobanks are viewed as a direct challenge to the status quo of the established traditional banks, with their lower cost structure and hyper-personal customer experience.

While a plethora of challenger banks and neobanks have preferred to build their core platforms in-house, the game is not lost for traditional platform providers.

Video banking could become the banking of the next generation along with mobile-only banks and other latest trends in banking.

Imagine an international trip from the US to China, India, and the UK, where you can make purchases through your credit cards without paying any foreign transaction fees.

Banks’ interest in bitcoin blockchain is seeing a massive uptick in exploring potential use cases for the distributed ledger system (blockchain technology).

In this age, where millennials expect everything in four clicks, it is also important to quickly provide those accurate answers and a great customer experience.

Global investments in FinTech ventures tripled to $12.21 million in 2014, which means FinTech gained significant momentum and became a hot spot attracting a lot of attention.

As incumbent companies continue to maneuver the demands of consumers, many of them are betting on a tech/mobile-forward approach to help retain satisfied users.

Although the funding is vital for startups at various points in their lifecycle, there are other ways the ecosystem supports entrepreneurs and facilitates innovation adoption.

With the rising bar of customer expectations, the need for faster, safer, and highly personalized solutions in personal finance management grows beyond measure.