Tag: FinTech
The Role of Blockchain in Fintech: Transforming Transactions and Beyond
Blockchain technology has emerged as a revolutionary force in the world of finance, powering the growth of fintech (financial technology) and fintech development services. Originally introduced as the underlying technology for cryptocurrencies like Bitcoin, blockchain's decentralized and immutable nature offers far-reaching applications beyond digital currencies. In this article, we delve into the transformative role of…
Contactless Mobile Payments to Surpass 1 Billion Users in 2024
A new study from Juniper Research has found that the total number of unique contactless mobile payment users will reach 1 billion globally by 2024; rising from 782 million in 2022 and representing a growth of 60%. The report identified increased investment in contactless acceptance infrastructure, especially across emerging regions, as key to driving growth, through…
Experts Predict 8 Biggest FinTech Trends For 2023
From tribe-based banking to embedded finance and everyday cryptocurrency payments, here’s what to expect in the FinTech industry in the year ahead.. The financial technology sector is rapidly evolving with traditional methods of banking now being replaced with digital solutions, in a bid to make things faster, easier and, hopefully, more streamlined for both businesses…
Top 5 uses for NFT technology
With a new study from Juniper Research predicting that the global number of NFT (Non-fungible Token) transactions will rise from 24 million in 2022 to 40 million by 2027, Web3 expert Connor Borrego gives his take on how NFTs will be used in the next few years... 1: Memberships NFTs are being used for membership access…
The Role Of Data Science Analytics In Fintech
Data science analytics is the process of analyzing data to derive meaning and gain insight about something, in this case, fintech. Data science analytics is a set of techniques derived from computer science, statistics and business intelligence that entails using models built on data to derive meaningful insights for different purposes. These are analytical applications…
Biometric mobile payments to reach $1.2 billion by 2027, claims research
A new study from Juniper Research has found that the value of biometrically authenticated remote mobile payments will reach $1.2 trillion globally by 2027, rising from $332 billion in 2022. These transactions use biometrics - typically facial and fingerprint recognition - to authenticate remote mobile payments. This growth of 365% is driven by recent regulatory changes,…
10 ways to give your personal finances a makeover
Consumer watchdog Which? is advising consumers on how they can save money by giving themselves a ‘money makeover’ and fixing their finances. Many people are feeling financial pressure at the moment as soaring fuel, energy and food prices squeeze household budgets, writes Adam French, Which? Consumer Rights Expert. However, there are steps you can take…
Nearly half of all Brits rely on smartphone to make payments, claims report
Mobile reseller Buymobiles conducted a nationwide survey on the UK’s payment method habits. Findings showed an overwhelming 70% of participants preferred using cashless payment methods over actual cash. 63% of participants also think that using cashless payments is more helpful when it comes to keeping track of spending. Nearly half of respondents would leave their…
Traditional Banking Vs Winden: How They Are Providing an Ultimate Solution
Many of us are only informed about traditional ways of banking. However, due to the increase in digital banking solutions, there is a better alternative. That is why using the right digital solution is better than going the conventional route. To be able to process payments freely, without doubt, digital banking and banking through Winden…
UK finance sector severely vulnerable to cyberattacks, new report finds
The UK’s finance sector is struggling to keep cybercriminals at bay, new research by Keeper Security has revealed. The 2021 Cybersecurity Census Report found the average finance company in the UK suffered an average of 60 cyberattacks over the last year, with most (81%) IT leaders in the sector expecting this number to further increase over the next 12…
