Tag: Banking
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The Rise of Neobanks: A New Era in Banking
Neobanks are starting a new chapter in banking by using technology to offer easy and modern services, changing how we think about banks and attracting people who prefer using digital tools. This new era of banking is characterized by technology-driven services, offering a level of convenience and user experience that traditional banks often struggle to…
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Utilising AI to drive improved outcomes for customers: Interview with Chirag Shah
Fintech Review sat down with Chirag Shah, Founder of Nucleus Commercial Finance, to get his view on how ultimately automation will drive better outcomes for customers. We talk about how artificial intelligence can make things better for customers, tackle the worries some have about AI being unfair, and look at the big changes coming in…
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Accelerated Digital Transformation and Business Benefits in 2024: Interview with Peter Lemon
In an interview with Fintech Review, FICO‘s Peter Lemon discusses the rapid digital transformation in finance for 2024. We delve into the anticipated progression of digital transformation in banking this year, as IT teams transition to becoming innovators and revenue generators. There is a shift towards enterprise-wide technology to improve agility and customer service. As…
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Company Valuation 101: The Example of Fintech Startups
In the dynamic world of business, understanding the worth of an enterprise is essential for a myriad of reasons, from fundraising and mergers to sales and internal reviews. For industries that are rapidly evolving, such as the fintech sector, determining this worth can be challenging. Company valuation, therefore, plays a pivotal role. Let’s dive deep…
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The Era of the Asset-Light Business Model in Fintech
The financial sector is witnessing a paradigm shift with the ascent of the asset-light business model, a change spearheaded by fintech companies worldwide. This model, characterized by minimal physical assets and a heavy reliance on digital technology, offers fintech firms the agility and flexibility necessary to navigate today’s rapidly evolving economic landscape. As traditional banking…
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What next for payments in SaaS: Interview with Jack Mangnall
Shape Technologies is revolutionizing the payments industry with its cutting-edge payments-platform-as-a-service, designed to empower payment service providers globally. Fintech Review sat down with Jack Mangnall, Cofounder of Shape Technologies, a dynamic player in the fintech space. Jack, with his extensive experience in client-facing operations and strong focus on innovative fintech solutions, has played a pivotal…
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Are banks good at lending?
The landscape of financial lending has undergone significant changes over the past few decades. At the forefront of this evolution is bank lending, a traditional pillar of financial support for individuals and businesses alike. As an integral part of the economy, bank lending has been scrutinized, with questions raised about its effectiveness and efficiency. Are…
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Revolutionizing IT in Finance: A Deep Dive with Lakeside Software
In an era where digital transformation is not just a buzzword but a necessity, Lakeside Software emerges as a beacon of innovation in the IT landscape, particularly for financial institutions. Specializing in providing unprecedented visibility across complex IT environments, Lakeside Software stands out with its unique approach to uncovering hidden inefficiencies and optimizing operations. Their…
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Are Incumbent Banks Going to Disappear?
The landscape of financial services has witnessed dramatic shifts in the past decade. With the advent of fintech startups, the rise of cryptocurrencies, and digital innovations, many are posing a thought-provoking question: Are incumbent banks on the brink of obsolescence? The banking industry, as we know it, is undergoing undeniable transformations. However, to claim it…
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What is Decentralised Finance or Defi?
In the modern financial world, where innovations are constant and revolutionary ideas emerge frequently, a novel term has caught the attention of industry experts and enthusiasts alike: Decentralised Finance. Commonly known by its acronym, DeFi, this concept represents a significant departure from the norms of traditional banking structures. But as we peel back the layers,…