Tag: Financial Services
The State of Payments 2024: Key Stats and Emerging Trends
By Denys Kyrychenko, Co-founder & CEO at Corefy Businesses’ payment infrastructure directly correlates with competitive resilience. New data from a global study of 793 merchants – The state of payment maturity 2024 report, published by Corefy – reveals critical insights on the current state of businesses’ payment maturity, offering a broad look at where they…
How Revolut Scaled from a Startup to a Global Fintech Giant
Since launching in 2015, Revolut has rapidly become a leading global fintech player. From humble beginnings as a prepaid card offering, it quickly grew into a fully-fledged financial powerhouse. Revolut’s story exemplifies strategic execution and product innovation in the fintech sector. The company now offers services including foreign exchange, stock trading, cryptocurrency, budgeting tools, and…
The Impact of Quantum Computing on Fintech Security Protocols
Quantum computing uses quantum physics to perform computations far faster than classical computers. This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. In other words, problems that would take…
Should The UK Make a Move for a Stronger Cryptocurrency Position in 2025?
By Peter Curk, CEO of ICONOMI It’s a time of change in cryptocurrency sector. With the introduction of the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulation, there’s a sense of uncertainty. So used to playing outside of the rules, crypto companies are suddenly finding themselves under scrutiny and restricted, at least within Europe. Industry…
The Inefficiencies of Traditional Cross-Border Payments and Why Change Is Needed
Cross-border payments remain one of the most outdated areas of financial services. While fintech has transformed many aspects of banking, international money transfers still rely on slow, expensive, and inefficient systems. Banks process these payments through multiple intermediaries, increasing costs and delays. With growing demand for faster, cheaper alternatives, fintech firms and blockchain solutions are…
Beyond Payments: How Embedded Finance is Reshaping Business Models
Embedded finance is transforming industries by incorporating financial services directly into non-financial platforms. This integration allows businesses to offer banking-like services, enhancing customer experience and simplifying transactions. Consumers benefit from seamless access to payments, loans, and insurance, all within familiar digital environments. This shift is redefining traditional banking structures. Fintech firms and non-financial businesses are…
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 Impact of Regulatory Frameworks on Fintech Growth in Emerging Markets
Emerging markets have become a hub for fintech innovation. With their growing economies and youthful populations, these regions present significant opportunities. However, regulatory frameworks in these markets vary widely, influencing how fintech companies evolve and scale. Supportive Regulations: A Catalyst for Growth Supportive regulations can significantly enhance fintech growth. They encourage innovation, attract investment, and…
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…
