Tag: Technology
-
Open Banking: Unlocking Innovation and Consumer Empowerment
Open banking is transforming the financial landscape by fostering innovation, competition, and improved customer experiences. It involves sharing financial data through secure application programming interfaces (APIs). This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products. The concept of open banking originated from…
-
RegTech in 2024: Tools and Trends for Compliance
Regulatory Technology, or RegTech, has emerged as a crucial ally for financial institutions navigating the intricate landscape of compliance. In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency. AI in Monitoring and Reporting: Transforming Compliance Operations Artificial…
-
Blockchain Technology Beyond Crypto: Fintech Innovations and Applications
Blockchain technology, which was once closely associated with cryptocurrencies such as Bitcoin, has advanced significantly beyond its initial uses. Within the financial technology sector (fintech), blockchain’s impact is profound, revolutionizing conventional financial operations. This discussion explores the multifaceted ways in which blockchain is reforming fintech, highlighting its influence on smart contracts, cross-border transactions, and the…
-
Uzbekistan: A Fintech Paradise?
By Nikolay Seleznev, Chief Strategy and Business Development Officer at Uzum The descendants of those who traded on the Silk Road are now embracing a new vehicle for commerce: fintech. For years unable to access innovative finance and technology products, Uzbeks are making up for lost time. In a country and a region which is…
-
AI Transformation in Banking: Interview with Alexandra Mousavizadeh
In a rapidly evolving financial services industry, Alexandra Mousavizadeh, Co-Founder and CEO of Evident, is steering the company to the forefront of Artificial Intelligence (AI) transformation in banking. Evident, a benchmarking and intelligence firm, specialises in authoritative, data-driven insights on corporate AI adoption. It began its focus within the banking sector. The Evident AI Index…
-
The Evolution of Digital Payments: Fintech Revolutionises Transactions
Digital payments are at the forefront of transformation. Fintech, by nature a blend of finance and technology, is revolutionising how transactions are conducted worldwide. From tapping a phone at a checkout to transferring money across borders without hefty fees, the convenience and efficiency of digital payments are unmatched. There has been significant advancements in digital…
-
AI and Machine Learning in Fintech: Transforming Financial Services
The fintech sector is currently undergoing a significant transformation, with artificial intelligence (AI) and machine learning at the forefront of this change. These technologies are transforming how financial services operate, injecting unprecedented levels of efficiency and innovation. Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking…
-
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…
-
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…
-
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…