10 Top Digital Banks in 2020

Decades ago, people could recognize the best banks for their well-trained employees that delivered exceptional services to customers in the luxury branches. But today, consumers do not need bank branches or face-to-face services like even one year ago. The number of reliable mobile-only banks is growing every year. They replace some traditional bank institutions and take customers from them to the digital world of simple banking.

Fintech Is Reshaping the Financial Service Industry - Myth or True?

Fintech has dramatically evolved in recent years, with the most notable changes happening in the past decade. These changes have created new convenient ways for people to interact with their money and posed new challenges for those who struggle with finances. Is FinTech reshaping the financial industry, or is this a hyped-up myth? Here is what you need to know.

How Do Mobile and Online Banking Services Benefit Your Bank?

The percentage of individuals that use internet banking is growing in the European Union (28 countries, including the United Kingdom) from 36% in 2010 to 58% in 2019. The increasing number of mobile banking users proves that mobile banking has a lot of advantages.

Top Fintech Startups to Watch in 2020

The last months have dramatically changed things in the global world. Still, there are no options to turn off the global finance sector. The use of fintech apps is rising. Investments in fintech startups are growing. The best fintech startups of 2020 aim to fulfill newly emerged consumers' needs. In this article, you will read about 12 hot fintech startups of 2020.

Top Investors in European FinTech Startups 2020

With steady growth and determination of FinTech startups investors, FinTech is predicted to reach $4.7 trillion in valuation. Plenty of innovative and lucrative fresh fintech companies start changing finance industries in countries all over the world. No wonder that investing in FinTech startups is an attractive and popular option among venture capitalists. This article will highlight some of the top fintech investors that fund early-stage startups and thus help bring the industry and our hype around it to the next level.

Challenges of Core Banking Software Implementation

In the dark ages before core banking software was a thing, transactions between different branches of a single bank took at least one day if the wind was fair and the weather favorable. Thanks to the expansive implementation of the core banking, the situation improved drastically, and now, 24 hours per transaction is a horror-movie material.

The Impact of Artificial Intelligence on Cyber Security

Artificial intelligence is here to… No, not to steal your job but rather to make it easier and its -- results more impressive, at least, concerning cybersecurity services. If properly harnessed and used, the power of AI and machine learning can significantly improve the levels of software protection. AI for cybersecurity is quite a theme to discuss and imagine things about. In this article, we will scratch the surface of the topic to get that essential understanding of the matter; we will examine how and for what purposes people use AI and machine learning; we will learn about the benefits and challenges that AI poses.

The Future of Payment Gateways Processing

The topic of the gateways is a little more complicated and interesting than it seems. Payment gateways still have plenty of room for improvement and plenty of opportunities to surprise us, pleasantly or otherwise. Considering the significance of payment gateways in all industries from FinTech to Logistics and Education, those opportunities are worthy of your attention.

How to Create an Online Marketplace

Do people still build online marketplaces? Hell yeah, they do. More than half of all online marketplaces were launched in the last 7 years. The market continues to grow, people are more willing to buy and sell, online, new countries enter the level of economic prosperity that is just right for online marketplaces. The opportunities are ripe to harvest

How Banks Provide Mobile Banking Security

Bank heist movies are fun to watch: the action, the intricate planning, and crafty execution are thrilling and enjoyable to witness on a screen. In reality, bank robberies are not that fun or enjoyable considering danger and consequences. The biggest bank robbery in the history of the US

Creating Personal Finance app: 5 Things to Consider

Seems like people are ready to go all-in with a cashless style of life and forget about clunky wallets. To achieve this, society needs an abundance of fintech apps as well as convenient personal finance apps to make a cashless society a reality and ensure a healthy competitive market with reasonable prices, great customer experience, and evolution of the sector.

Digital Transformation in Banking: From Divine Loans to Neobanks

Fast backward to ancient Babylonia, 1800 BC give or take several hundred years (yeah, no historic accuracy for us here). Imagine you are a farmer named Abum-kila-ilim, and you need a loan because the latest harvest wasn’t spectacular, your livestock is underfed, and you… you’re quite likely underfed as well. Where would you go? That’s right: to the shrine of Shamash, the sun-god and the lord of justice and righteousness!

Things to Consider Developing a Mobile-Only Banking App

The majority of people still ‘bank’ in an old-school traditional way with often visits to the departments, cumbersome or expensive P2P money transfers, and the unmistakable fragrance of bureaucracy. Though there is still some style to traditional banking due to its exquisite institutional posturing, old buildings with classical tang, and ages-long history of intricate financial manipulations, the views and desires of people shift towards the magnetic convenience of mobile-only banking apps.

How to Create a mobile P2P Payment App

Transferring money from point A to point B sounds easy on paper. In practice, the process is simple only when it’s two people who are close to each other and have enough cash. Money transfers can be quite a hustle, especially if it’s an international transfer, and it’s neat when software can handle this hustle for you.

How to Build Custom Accounting Software

Time goes by, but the mind-numbing qualities of accounting are still here, standing tall and strong. Accounting is a complicated process, which is inexorable towards slightest mistakes, while the possibilities for the said mistakes are numerous. A person who handles accounting should have a machine-like accuracy, attention, and control over their emotions when the desire to hit something hard kicks in.

How to Make a Banking App like Monzo

Currently, up to 70% of the UK’s population uses digital banking while 12% switched to digital banks completely, and ⅔ of the population want to follow their example according to Finder’s statistics. In addition, the UK neobanks expect to triple the number of their customers in the following year. The UK’s example demonstrates amazing opportunities for digital banks to seize, while Deloitte’s research predicts 3 billion digital banks’ users globally by 2021. The global market’s opportunities are ripe to harvest; you just need a relevant product to do it.

Top UK Startups to Watch for in 2020

Considering that the United Kingdom is among the global technology leaders, it’s quite possible that the next “Amazon//Google/[Insert tech giant of your choice here],” which will change the digital ecosystem forever, is currently rising to its feet on the Kingdom’s islands. In this article, we gathered the diverse Top of UK Startups to Watch for in 2020, which have the potential to shake the IT and real world.

Top Young UK Fintech Disruptors

Currently, there are over 1600 fintech firms in the UK, and this number is expected to double in the 2030s. As follows, the emerging digital banking companies are numerous, and they come in different tastes and flavours. Unfortunately, not all of them will see through to stable success as it often happens with startups. However, the number of bright fintech rookies is surprisingly impressive.

How to Create the Ultimate Mobile Banking App People Like

Going digital is all about making this world a little more convenient place to be. Traditionally, banking associates with a ton of paperwork, hustle, hidden commissions, and queues of worried people. Now, we are reinventing banking, pushing it into the world of Ones and Zeroes to make it serve people without the burdens of excessive formality, bureaucracy, and boring routines.

Why Developing Chatbot for Business is Great Idea?

Since then, AI-developers are pretty much obsessed with the idea of creating a human-like artificial intelligence. Chatbots are not an exception, and even though they are far from beating the Turing Test, they came a long way and now are an irreplaceable business asset, which significantly improves a company’s productivity, efficiency, and customer experience. Business Insider predicts that by 2020, 80% of companies will be using chatbots to boost their performance.