Tag: Digital Transformation
Artem Lyashanov: a close look on DORA provisions, EU and Ukrainian experience
January 17, 2025 was a deadline for the implementation of the new Digital Operational Resilience Act (DORA) in the EU. This regulatory act establishes a number of important requirements financial institutions are obliged to follow – both EU residents and companies with a different registration, but which provide their services on the EU territory. Including…
Navigating the Future of Digital Payments
Digital payments are transforming global financial systems, reshaping how individuals and businesses transact. In the fintech space, digital payments represent a major driver of innovation. This article explores the latest trends shaping the sector, providing insights into what lies ahead. The Rise of Embedded Finance Embedded finance is revolutionising the way businesses interact with financial…
The Evolution of Payment Solutions: From Traditional Methods to Digital Wallets
Payment systems have undergone significant transformations over the years. From cash and checks to digital wallets, these changes have revolutionised commerce and consumer behaviour. We explore the evolution of payment solutions, analysing adoption rates, security challenges, regulatory shifts, and innovative technologies. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary…
The Role of Partnerships Between Fintechs and Traditional Banks: A New Era of Collaboration
In the past decade, the financial services sector has witnessed an exciting shift. Fintech companies and traditional banks are increasingly working together. This wave of collaboration marks a significant evolution in the industry. Historically seen as competitors, fintechs and banks now find common ground to enhance services and reach broader audiences. We explore successful models,…
What is a Non-Custodial Bank in Web3?
As the landscape of digital finance continues to evolve, non-custodial banks are emerging as a revolutionary solution, especially within the Web3 ecosystem. These banks allow users to maintain full control of their funds, unlike traditional banks that hold or manage their clients’ assets. Non-custodial banking aligns perfectly with the principles of decentralisation and transparency that…
The Future of AML and KYC in 2024: Insights from Consumer Research on Digital Identity Verification
By James Roberts, Digital Marketing Manager at FullCircl. A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering (AML) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance. However, in 2024, the focus…
Decentralised Autonomous Organisations (DAOs): Governance and Innovation
Decentralised Autonomous Organisations (DAOs) are transforming the governance structures within the blockchain and cryptocurrency spaces. Operating without central authority, DAOs promote decentralised decision-making, with the promise of democratising governance across various sectors. Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition,…
AI-Powered Personal Finance Management: The Next Big Thing?
The rise of artificial intelligence (AI) has touched every aspect of our lives. From how we shop to how we communicate. In recent years, AI has also started revolutionising personal finance management. It is offering users more control over their money through automation, data analysis, and predictive modelling. With financial decisions becoming more complex, AI-powered…
Cross-Chain Interoperability: The Future of Blockchain Networks
Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. Cross-chain interoperability aims to address this issue, enabling seamless communication and transactions across various blockchain platforms. We delve into the advancements in cross-chain interoperability protocols and their importance…
Israel Fintech Industry in 2024: A Year of Resilience
By Nir Netzer, a Venture Partner at Tenity and the Chairman of the Israeli Fintech Association – FinTech-Aviv. The global fintech sector is set for tremendous growth in 2024, driven by expanding market opportunities and new innovations. One major development is the integration of Generative AI into the fintech landscape. This will revolutionise financial services…
