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    Banca debe vincularse más en las finanzas personales de los usuarios

    COLOMBIA: Banca debe vincularse más en las finanzas personales de los usuarios

    Fintech
    Portafolio / Con la explosión de fintech, es decir de las tecnologías para prestar servicios financieros, uno de los principales desafíos de los prestadores radica...
    MÉXICO: Fintech, el lobo vestido de oveja

    MÉXICO: Fintech, el lobo vestido de oveja

    Fintech
    La aparición de nuevas tecnologías y formas de hacer algunas operaciones financieras deja claro las muchas tirrias que la gente tiene en contra de...
    Nurturing a FinTech ecosystem:

    Nurturing a FinTech ecosystem: The case of a youth microloan startup in China

    Insurtech
    By Carmen Leong, Barney Tan, Xiao Xiao, Felix Ter Chian Tan, Yuan Sun Abstract Financial technology, or FinTech, involves the design and delivery of financial products...
    N26 y Raisin unen fuerzas para ofrecer productos de ahorro

    N26 y Raisin unen fuerzas para ofrecer productos de ahorro

    Success stories
    Hoy Raisin anuncia su primer acuerdo de distribución con N26, el banco móvil más grande de Europa. A partir de hoy los clientes de...
    Este sería uno de los mayores beneficios de la Ley Fintech

    Este sería uno de los mayores beneficios de la Ley Fintech

    Legal Tech
      La legislación hacia las empresas de tecnología financiera o fintech abrirá un mercado secundario sobre los títulos intercambiados o derechos generados a través de...
    6 reasons why millennials adopt consumer end fintech solutions

    6 reasons why millennials adopt consumer end fintech solutions

    Insurtech
    By Artashes Vardanian The Fourth Industrial Revolution is bringing the convergence of the physical and digital worlds on how people communicate, shop, move, eat, go to...
    La revolución de las finanzas y el Fintech

    La revolución de las finanzas y el Fintech

    Fintech
     By Jacobo Ferrando La revolución aún no ha llegado al sector financiero. Las soluciones propuestas por la digitalización de los servicios financieros han traído como...
    Fintechs: Banks can't live with 'em, can't live without 'em

    Fintechs: Banks can’t live with ’em, can’t live without ’em

    Big Data
    By Penny Crosman Bankers have increasingly come to accept that they need to work with fintechs — most financial institutions can't build technology as quickly and...
    The global digital payments market was valued at USD 3885.57 billion in 2019 and is expected to reach USD 8686.68 billion by 2025, recording a CAGR of 13.7 percent, during the forecast period of 2020 – 2025—according to various reports. In the last one decade or so, we saw rapid changes in the payments landscape, building on the accelerating growth in digital payments. The emerging markets have been at the forefront of this payment transformation. With the rise of innovative fintech players, the digital payment ecosystem, in recent years, witnessed unprecedented growth. In India alone, we have had many success stories of fintech players that literally transformed the payment ecosystem and the way India transacted. Most importantly, technology allowed us to build a payment infrastructure from the scratch, in a relatively short span of time, without the burden of legacy systems. Globally, the power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. Cards dominate the in-store retail channel, but mobile and other fintech are seeing a rapid uptick in usage. Back in 2019, WPR stated that mobility, connected homes, entertainment, and media are expected to boost non-cash transactions in the future. The rise of digitization at corporate B2B payment is affecting regional trends. In the Asia Pacific markets, large and medium scaled businesses are adopting digital invoicing, virtual cards, and cloud-based finance and accounting. In the emerging Asian markets, charge cards are popular among corporates to ease and secure supply-chain payments. Banks, fintechs and regulators embraced cashless payment, as it is cheaper, more effective and more transparent. Nandan Nilekani committee on digital payments had recommended that the Reserve Bank of India and the government must aim to maximize the volume of digital payments by a factor of 10 in three years, leading to double the value relative to gross domestic product. The committee also emphasized the need to expand the acceptance infrastructure across the country and also to reduce the interchange on card payments by 15 basis points. The panel also pushed for the removal of all charges on digital payment transactions for the convenience of customers. RELATED NEWS How RPA adoption ignites BFSI industry? How Fintechs can deal with the rising delinquency rates Cryptocurrencies open up new investment opportunity amid Covid-19 crisis Overall, the decline of traditional branch banking and ATMs will give way to digital financial services. That said, cash is an inevitable part of our economy and many developed economies which have seemingly become ‘cash-less’. Ironically, fintechs and cashless payment technologies who promise to ensure financial inclusion often achieve the opposite results in the process of cutting cash out—experts point out. Banking pundits underscore that cash is and will remain the most inclusive financial instrument across the globe. Cash distribution might incur huge costs and the new-age financial services users might prefer a completely digital money based system. But, cash is critical in ensuring true financial inclusion to cater to segments that can’t afford to be part of the modern financial system—senior citizens, less educated and less tech-savvy communities. In markets like India, where almost 80 percent of the transactions are still cash-based, going cash-less might not even be an option. That explains why the industry is now focusing on ‘cash-lite’ instead of cashless. In many markets though, industry stakeholders and banks are mindlessly pushing forward a paradigm of a cashless society. The era of ’20s will be the years of falling cash usage, but it is our responsibility as an industry, to ensure this process is smooth and painless, and no-one is left behind.

    Bruselas se pone las pilas ante la irrupción de las fintech

    Insurtech
    By Luis Suárez La Comisión Europea pone en marcha una consulta pública sobre las fintech para evaluar si la regulación actual es adecuada o es necesaria...
    En España, existen ya 238 compañías Fintech y 63 Insurtech

    En España, existen ya 238 compañías Fintech y 63 Insurtech

    Success stories
    Según los datos facilitados por la AEFI ayer, actualmente existen en España 238 compañías Fintech y 63 Insurtech, lo que representa un crecimiento exponencial...
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    Latest article

    How Crypto has redefined international money transfers

    How Crypto has redefined international money transfers

    Cryptocurrency
      Digitalization has already made our world more interconnected than ever before and has unprecedentedly streamlined transactions between individuals and entire nations across the globe. However,...
    ‘AI will accelerate blockchain adoption:’ Interview with Pantera Capital’s Cosmo Jiang

    ‘AI will accelerate blockchain adoption:’ Interview with Pantera Capital’s Cosmo Jiang

    Artificial Intelligence
    By Denis Omelchenko hare Crypto.news spoke with Pantera Capital’s general partner, Cosmo Jiang, about artificial intelligence, the rise of deepfakes, and how AI can...

    Aureabase Review: Your Ultimate Forex Trading Companion [aureabase.com]

    Opinion
    Forex trading requires accuracy, strategy, and real-time analysis. In such a situation where the markets fluctuate in seconds, one needs a solid platform to...
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