Paul Shumsky Technology Advisor at Entrepreneur
Fintech as an industry has always been very receptive to new technologies. The huge volume of transactions, the low tolerance for risk, and the need for instant processing made software a perfect force multiplier and the main competitive advantage for Fintech companies. While choosing a Fintech software businesses are considering many criteria su...
23 February 2023
One of the leading countries currently setting the bar in the developing fintech business in the Arab region is the United Arab Emirates. According to studies, UAE accounted for 47% of all financial tech deals and 69% of total funding in the MENA region and is home to the majority of the region’s fintech start-ups. Driving this growth are these th...
09 January 2023 /retail /markets
Cloud Banking – an Introduction: Cloud banking is a potential game-changer and a catalyst for enterprise business transformation that would be so effective for financial institutions in near future. Basically, it empowers financial institutions to manage core banking platforms and applications in the cloud. On-demand enhanced computing power is pr...
28 July 2022 /retail
2021 remained resilient for Fintechs even despite the continued pandemic vulnerabilities. Moreover, there was a significant growth of the venture investments in Q3 and Q4 across many regions. Verticals such as digital asset exchange, digital payments and savings experienced 19% YoY growth according to World Economic Forum and the World Bank data. ...
27 December 2021 /markets /predictions Digital Banking Trends
Are you looking to capture the growing demand for mobile banking? If yes, you might be already stuck with choosing an app development approach: native, hybrid, or cross-platform development frameworks. Given how upfront and personal mobile apps are to their users, it’s critical that you understand the benefits and drawbacks of the different routes...
15 July 2021 /security /devops IT Metrics
If you are a FinTech company building an international money transfer, payment solution or remittance platform, an integral part of it would be a cross-border money transfer processor. The only other alternative is creating your own banking network by forging relationships with traditional banks which is lengthy and requires a huge effort. By inte...
13 July 2021 /payments /markets Innovation in Financial Services
Growing Impact of Financial Software Solutions The COVID-19 pandemic provided a unique opportunity for the fintech industry. It fast tracked a shift from traditional banking services predominance to the abundant digitalization of financial services. This year is likely to be just as momentous, with digital banking no longer considered just a finan...
09 March 2021 /payments /retail Innovation in Financial Services
Demand for Fintech and digital banking products, already rising steeply before the COVID-19 pandemic set in last year, was given even greater impetus during 2020 and is likely to have gained years of ground in what has been an extraordinary year. Moreover, it is expected that virtual payment and banking solutions will take the lead in the financia...
22 February 2021 /crypto /predictions Trends in Financial Services
The Middle East is one of the world's most heterogeneous regions, spanning three continents and 21 countries, with a population of close to 600 million. It is a culturally, politically and economically diverse region that also encompasses the six Arab states that are members of the Gulf Coordination Council. This diversity is reflected in the vast...
07 February 2021 /markets /predictions Trends in Financial Services
Demand for digital banking services, already rising steeply before the COVID-19 pandemic set in last year, was given even greater impetus during 2020 and is likely to have gained years of ground in what has been an extraordinary year. Stay-at-home orders and social distancing requirements meant customers who were not already familiar with operating...
18 January 2021 /retail /predictions 5G Payments Schemes and Strategies 2020 - 2035
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.