Fintech expert: 2024 might bring cryptocurrency spring, shift to regulated platforms and potential loss of new “unicorns”

Fintech expert: 2024 might bring cryptocurrency spring, shift to regulated platforms and potential loss of new “unicorns”

By Sigita Kotlere, CEO and a board member of Nectaro, a fully licensed investment platform The global economic conditions and instability this year made it harder for the fintech industry to access funding, raise capital, and focus on their business growth. Overall funding for fintech companies decreased notably making 2023 a rough year – globally…

Understanding Electronic Funds Transfer: Definition & Basics

Understanding Electronic Funds Transfer: Definition & Basics

Meta Description: Discover the intricate workings of Electronic Funds Transfer. Unveil the process, security measures, and benefits in this comprehensive guide to electronic funds transfer. Introduction: Electronic Funds Transfer (EFT) stands as the backbone of modern financial transactions. In this detailed exploration, we will unravel the mechanics of how Electronic Funds Transfer works, shedding light…

Electronic Funds Transfer vs Wire Transfer: Key Differences Explained

Electronic Funds Transfer vs Wire Transfer: Key Differences Explained

Explore the nuances of electronic funds transfer vs. wire transfer. Understand the distinctions, benefits, and applications in this comprehensive guide on electronic funds transfer. Introduction Electronic Funds Transfer (EFT) and Wire Transfers are two prominent methods of moving money in the digital age. In this detailed exploration, we will dissect the differences between EFT and…

Unlocking Efficiency: Understanding Electronic Funds Transfer (EFT)

Unlocking Efficiency: Understanding Electronic Funds Transfer (EFT)

Explore the seamless world of Electronic Funds Transfer (EFT). Discover its benefits and functionality in this comprehensive guide. Introduction: Electronic Funds Transfer (EFT) has revolutionized the way financial transactions take place. In this comprehensive guide, we will delve into the intricacies of EFT, shedding light on its mechanisms, benefits, and impact on the modern financial…

Top 10 Tips on Building a Fintech Startup

Top 10 Tips on Building a Fintech Startup

By Lilia Stoyanov, CEO of Transformify The fintech sector is exploding, projected to reach a staggering $305.7 billion by 2023 and growing at an impressive 22.17% annually since 2018. From payments to lending, insurance, and wealth management, fintech firms are shaking up the traditional financial landscape with innovative solutions. But don’t be fooled by the…

How blockchain is paving the way for a better future

How blockchain is paving the way for a better future

By Janine Grainger, Co-Founder and CEO, Easy Crypto What comes to mind when you think of ‘the blockchain’? If you equate ‘the blockchain’ with crypto – you’re not alone. The truth is, however, that crypto is simply a product and blockchain is the technology behind it. Blockchain technology and its potential is far bigger than…

Why Non-Fiat Currencies are the Next Competitive Differentiator

Why Non-Fiat Currencies are the Next Competitive Differentiator

By Shawn Conahan, Chief Revenue Officer, Wildfire Systems Fiat currency is issued by a government and not backed by a physical commodity. A non-fiat currency is any currency which is not backed by the promise of a government. And, boy, are they valuable. Remember back in 2020 when the airlines had to offer up their…

How Fintech is Changing Australia’s Credit Card Market

How Fintech is Changing Australia’s Credit Card Market

Fintech banking has brought significant changes to the credit card industry worldwide, but fintech’s impact has been outsized in Australia. As fintech companies continue to evolve and disrupt the financial landscape, traditional banks are faced with the challenge of keeping up with the pace of technological advancements. Nevertheless, this competition ultimately benefits Australian consumers, who…

What is a fintech platform

What is a fintech platform

Exploring the Essentials: What Exactly is a Fintech Platform? Introduction In today’s digital era, the term fintech platform is becoming increasingly common. But what does it really mean? In this article, we delve into the essentials of fintech platforms, exploring their definition, functionalities, and the impact they have on the financial industry. Defining Fintech Platforms…

ChatGPT and AI in the Financial World

ChatGPT and AI in the Financial World: Trends in Fintech Banks UK

Introduction Artificial Intelligence (AI) has become a game-changer in the financial world, especially within the rapidly evolving sector of fintech banks in the UK. This article explores the growing trends in fintech and how ChatGPT, a powerful language model, is revolutionizing customer interactions, enhancing decision-making processes, and transforming the financial landscape. 1. The Rise of…