According to Innovate Finance, global investments into the fintech industry reached $102 billion in 2021. Experts expect the fintech market value to grow to $310 billion by 2022. It is explained by the recent rapid development of the financial sector. In order to remain competitive, banks and financial institutions must meet the demands of consumers…
Today, banks and credit unions seek to follow market requirements and customer expectations. That’s why they are actively implementing new technology solutions and digitizing their products and services, making them accessible to all categories of clients. Users appreciate the efficiency and mobility provided by technological features; however, 72% of people need a personalized customer experience….
Have you ever used a chatbot in a mobile banking app to get financial advice? Was it valuable? If so, it means your bank effectively employs AI-powered tools to provide an excellent customer experience. And since process automation reduces fivefold compliance costs, very soon, we’re likely to see even more use cases of artificial intelligence…
Is blockchain only about bitcoin and other cryptocurrencies? Certainly, not. Blockchain guarantees the security and authenticity of data records. Today about 90% of banks in Europe and America research this decentralized technological system. Moreover, blockchain fuels insurance, healthcare, government, cybersecurity, and hundreds of other industries. Among the loudest names in the sphere are the businesses…
Time goes fast, and millennials are becoming the most promising audience for banks and financial institutions. According to Goldman Sachs, millennials will inherit a more significant amount of personal wealth than any previous generation. And one of the reasons for that will be the advanced approach to managing finances, not least due to banking software….
Today, people don’t view machine learning and artificial intelligence as odd and frightening anymore. So, if you’ve ever employed Siri, Tesla Autopilot, or just a chatbot in your banking app, it means AI-powered solutions have already entered your life. And while neural networks and robots keep conquering the modern world, it’s essential to follow the…
The New York Stock Exchange, one of the leading stock exchanges in the world, reached an exciting equity market capitalization of over $28.4 trillion in September 2021. And the three followers in the race to success — the NASDAQ, the Shanghai Stock Exchange, and the Euronext — are very close to the champion position. So,…
How to make a mobile wallet app? If you have never asked this question before, it’s time to think about it if you want to succeed in the industry and stay ahead of the competition. The global mobile wallet market is expected to reach $46 billion by 2028, according to Research Dive. E-commerce and retailers,…
The mobile application market has significantly grown recently. Sensor Tower revealed that consumers had already spent $41.5 billion on iOS apps in H1 2021 (up 22% compared to the same period last year). It’s a great time for every app development company to take advantage of the situation and meet customer demand. However, developing an app is…
Ever wondered who are challengers and incumbent banks? If you want to identify them, just check how they engage with the clients and what digital tools they employ. The latter are physical branches that reluctantly embed innovative solutions into their business model and fail to provide a seamless customer experience. The challengers, on the other…
When asking about the most popular programming language, the answer is obvious. It’s JavaScript, which is used by almost 70% of developers. When it’s referred to the JavaScript frameworks, there is no striking leader. These tools are aimed at boosting and simplifying the development process, as well as increasing its effectiveness. In this article, we’ll…
Once there is a great idea on the table, there is also a temptation to jump right into its execution, especially in the case of startups. However, just like a house cannot be built without a blueprint, a software development project cannot be executed without a plan. Adequate project planning can not only save the…
The finance industry produces tons of data. They help businesses conduct analyses, recognize trends, increase performance, improve their products and services, set realistic goals, and make informed decisions. However, it’s important not only to collect and process information but also to deliver it to readers in a simple and conceivable manner. It’s difficult to get…
With smartphones and other mobile gadgets deeply integrated into our daily routines, especially during the Covid times, developing a mobile application for your business is imperative. The App Store and Google Play witness a barrage of new applications every day, intensifying the demand for novel and superior-quality offerings. Crafting a meticulously designed mobile app business…
Over the past few years, the popularity of cloud-native technologies has been rapidly increasing due to their high flexibility and adaptability to business needs. This advancement helps build better software faster and stay well ahead of competitors. So, let’s have a look at the latest сloud-native Java trends and discuss what to expect in 2022….