North America

Artificial intelligence is a tech marvel that can transform the way banks and financial institutions engage with their customers.

The current post-trade processes are perceived as highly complex, slow, expensive, and inefficient—and as such, in dire need of optimization and streamlining that is ripe for technology disruption.

As paper-based processes are becoming a matter of obsolescence, bill payments and billing software and apps are rapidly taking over.

Often, a company’s refusal to embrace a disruptive technology in favor of tried-and-true traditional methods doesn’t turn out well.

We took a look at a few interesting actions undertaken by a few FinTech companies around the world to fight COVID-19.

In this story, we analyze the money lost due to crypto hacks, the volume of hacks, the region with the maximum amount of money lost due to hacks, and how it can be solved.

Small/medium-scale enterprises (SMEs) are a vital cog in a country’s economy.

Video banking is not the latest trend in the Polish banking sector. Some banks have already offered it: e.g., ING Bank Śląski, Raiffeisen Polbank, Alior Bank, or Idea Bank. However, it’s mBank, whose number of video calls constantly increases, simplifying e-banking. mBank’s system is the most innovative on the market, not just in Poland. The service is available 24/7, also for those that are not mBank’s customers but are interested in its offer.

Regulatory divergence (costs, risks, impacts) costs financial institutions 5–10% of their annual turnover (on average) according to a study cited in the Cost of Compliance 2018 Report.

It is expected that AI will be the next big thing in finance, changing how we do everyday transactions.

The ability of AI to mitigate risk remains one of the most critical areas of development for financial institutions.

Mr. Nakamoto developed blockchain as an acceptable solution to the game theory puzzle—Byzantine General’s Problem. This led to many companies adopting the technology in different ways to solve real-world issues, wherever there was an element of trust involved.