Tag: Banking
Fintech and Big Banks Are Drifting Apart
By Abay Serkebayev, Chief Product Officer at CFPS. Mutual understanding between big banks and neobanks doesn’t seem to be growing. Quite the opposite, their relationship is rapidly deteriorating. This creates major problems for both parties. Neobanks have become direct competitors to commercial banks. This is especially noticeable in the retail industry. Neobanks offer more adaptive customer service,…
Role of corporate cards in improving business credit and cash flow
Payment infrastructure for businesses has improved over the years with many innovations. Technology has helped develop tools such as corporate cards to suit modern business needs and manage finances in a way that wasn’t possible before. Corporate credit cards are financial tools that a company can issue for its employees and provide them with a…
The Future of Banking as a Service: Interview with Sankaet Pathak
Everybody is familiar with Software-as-a-Service or SaaS. It is the prevalent way to sell software these days. The days of the purchase of a CD to install a software are long gone. Everything can be “as-a-service”. What about Banking-as-a-Service or BaaS? Is it the same as SaaS? Fintech Review asked a few questions to Sankaet…
Conventional Banking is Dying – Super Apps Will Takeover FinTech
By Konstantin Bukin, Managing Director at Saritasa, a full service mobile, web, software, 3D and IoT technology solutions provider. Banks, credit unions, and financial institutions are the foundation of consumer financial services, yet they lag when it comes to technology. Consumers use smartphones and the internet to manage every aspect of their daily lives, from…
How to Choose the Right Payment Gateway
By Sam Anderson from WritingSimon.com The explosive growth of technology has drastically altered the payment landscape. It is making it easier than ever for customers to access a variety of efficient and seamless payment options. To provide customers with a personalized experience, it is critical to select the right payment gateway for your business. But…
2023 is the year Aussie banks must tackle the replumbing
By Anandh Maistry, Managing Partner, Banking & Insurance, Kyndryl ANZ Australian financial services companies have begun a huge digital transformation in recent years. Big players are reporting an increase in app usage of more than 50% during the pandemic. But, based on their experiences during COVID, more than four in five financial services executives also…
A Comparison Of Traditional And Fintech-Based Approaches To Starting And Growing A Side Hustle
A side hustle is a way for people to earn extra income by pursuing a passion or interest outside of their full-time job. Whether it’s freelancing, selling goods online, or renting out a spare room, a side hustle can provide financial stability and independence. With the rise of the gig economy, more and more people…
What Problems Do Neobanks Face?
By Abay Serkebayev from CFPS. I don’t want to be unsubstantiated, but the pandemic has dramatically intensified the neobanking industry. Publicis Sapient’s research proves it: about 240 companies around the world operating in 2021 were established during the spread of Covid-19. Saudi Arabia, for example, completely changed its economic model from cash to digital currency…
Real-Time Payments Demand Advanced Security Features
How fintechs can protect customers in the battle against fraud
Mapping the Customer Journey: How to Reduce Friction Due to SCA
Strong Customer Authentication (SCA) was introduced with the aim to reduce ecommerce fraud. And while the two-factor authentication process is coming into force right on time with fraud attacks rife in the ecommerce landscape, it is also creating friction in the customer journey. Unfortunately, higher cart abandonment rates and lost revenue are some of the…
