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23 Nov 2022
In many ways, technology makes the world go round, not money. It is hard to imagine life without cars, planes, instant messaging, video streaming, and even social media. As we have seen in history, new inventions and technology are powerful growth multipliers for societies and set some apart from others. Times have changed and in the modern age of...
14 Sep 2022
The neobanking industry is estimated to be worth $300 billion, with 400 neobanks around the world. Despite mass consumer adoption and lots of attention, and capital, from investors, only 5% of neobanks are profitable. In my previous article I discussed the emergence of the niche banking trend. Perhaps thinking "smaller" is the solution ...
01 Aug 2022
There is no need for brick-and-mortar banks. The days of traditional banks are gone. The reasons they have not disappeared yet? Three major reasons: They don’t have the right software or skills to serve customers virtually. They occupy and carry big real estate assets on their balance sheets which will lose a lot of value if they decide to vacate ...
16 Jul 2022
All things considered, card as a payment method is still king, but a backward one. In particular, it does not make sense that your card reveals a sensitive code for anyone to copy and use without your permission. By "code" I mean account number, expiry date and CVV. [I could not find anything online suggesting that card networks are work...