Blockchain-Based Betting Could Cause Some Big Problems in FinTech
Being a technological frontier, FinTech development already has its fair share of headaches and problems to work through. But a new blockchain-based betting platform that lets people wager on the deaths of celebrities could cause some colossal issues never seen before. Betting on Unfortunate Events Augur is a blockchain platform that lets people bet on […]
Facebook Asks Big Banks for Detailed User Data
After the Cambridge Analytica scandal broke news, Facebook’s reputation suffered in a way it hasn’t quite rebounded from yet. Not only did people think the social media platform had too much data about users already, but it was also giving app developers easy avenues to access it. Now, Facebook is after a new type of data […]
Is FinTech the Future of Ride-hailing?
As FinTech develops, online- and cloud-based firms are some of the first companies that integrate the newest technology into payment processors and payroll. Uber’s recent merger with Southeast Asian ride-hailing company Grab brought about some updates to Grab’s interface and operations. This type of innovation is rarely seen in companies who have been recently taken over. […]
Are You Leaving a Digital Trail for FinTech Lenders to Follow?
We’ve written about China’s “credit rating” policy, which takes information from many public (and private) datasets, like your smartphone, social media, online shopping, search engine queries, payment schedules, and much more. The country’s government uses this information to create a creditworthiness profile of each citizen. If a citizen is found to be leaving the country […]
Collaboration, Not Competition, Will Move FinTech Forward
We recently wrote about the talent shortage in FinTech, and what it means for the future of banking and financial systems. With that in mind, it should be no surprise that, without any talent to fight over, players in the FinTech space need to collaborate. Otherwise, FinTech development could be negatively impacted by a lack of […]
When Are Robo-Advisors the Right Choice?
It’s undeniable that robots are part of our future; they already play huge roles in numerous facets of our everyday lives right now. But should you rely on robo-advisors to control your finances? Many modern investors struggle with this hot topic. In a new piece for CNBC, Eric Jansen, the founder, president and chief investment […]
A Talent Shortage Is Holding Back FinTech
In a recent study of 900 workers and employers in the U.K., 61% of FinTech companies say they are facing a moderate to extreme shortage of FinTech skills. Worldwide Demand It’s not just the U.K., either. Singapore’s experiencing a similar drought; blockchain developers, data scientists, and programmers are highest in demand. Colleges in Singapore are […]
Banks Are Scrambling to Keep up With FinTech
When tech disruption occurs, it’s best to join in on the movement, not entrench yourself in old habits or long-standing beliefs. Microsoft learned that the hard way with smartphones. Banks aren’t trying to make that same mistake. At least, not if they can help it. Investing in the Future Banks are implementing blockchain technology, and […]
Can We Teach Users to Trust FinTech?
There’s no doubt that the development of FinTech has the potential to transform finance. But like other disruptive technologies, this promise of improvement also usually brings some trepidation of adoption from established industry players. The Benefits Are Clear, but so Are the Limits of Trust FinTech-fueled automation has already found its way into numerous processes […]
How FinTech Is Boosting Both Big and Small Businesses
It’s indisputable that FinTech development is changing the business game. And contrary to what most people would assume, it’s not just producing results that only benefit enterprises — FinTech is affecting every facet of the marketplace, courtesy of big tech players along with niche software development companies for small businesses. Evening the Playing Field An […]