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Paul Shumsky

Founder

@Finpace.tech

Member since

10 Sep 2019

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Overview: Mobile Banking Technology Vendors 2021

The arrival of COVID-19 earlier this year has fast-tracked the already meteoric growth in the mobile bank and neobank industry, with stay-at-home orders globally increasing the appeal of being able to bank virtually. According to Global Market Insights, the size of the digital banking market is estimated to have been almost US$ 8 trillion in 2019. ...

04 December 2020 /retail /startups Mobile Financial Services (MFS)

Co-Designing: How To Build Ultimate Digital Banking Experiences

Banks used to win customers over by offering competitive interest rates, great services, and accessibility by having many locations. Now, interest rates are even across the board, services are only click away, and your bank is in your pocket. The world has changed and how FinTech companies win customers’ hearts has as well. Banks and FinTech compa...

24 June 2020 /people /retail Digital Banking Trends

How To Enhance KYC Systems With Blockchain

KYC and AML complicance can be considered as the most costly policies to implement and maintain. Furthermore, it is one of the factors holding back the financial innovation as early-stage startups have to deal with complicated processes, hire compliance teams and pay huge amounts to KYC data providers. And while many digital banking platforms alr...

23 June 2020 /security /regulation Digital Identity Management

Top 5 Mobile Banking Platforms 2021

Mobile banking industry is one of a few to keep growing tremendously despite all the challenges the world is facing in 2020. The growing trend is very much similar across many regions leading to a great demand on technology and solutions. This situation often leads to inappropriate decisions in terms of the resource and product planning. Digital ...

22 June 2020 /retail /startups Digital Banking Trends

Top 5 Mobile Money Technology Providers in Africa

Africa is the last frontier of untapped global growth, and fintech innovators are starting to get in on the action. The continent offers enormous market potential because almost 60% of the population is still unbanked. The lack of banking facilities means that fintech providers can start building their businesses on a clean slate and avoid the ch...

07 June 2020 /retail /inclusion Digital Banking Trends

Best Crypto Banking Software Platforms 2023

Five white-label crypto exchange platforms that will set you up for success Setting up a crypto-currency exchange offers enormous business potential in a market where trade in cryptocurrencies is booming globally. However, competition is intensifying as the number of crypto-exchanges multiplies. Since October last year, the number of exchanges lis...

02 June 2020 /startups /crypto Cryptocurrency Insights

Don't Use SMS For 2FA. Here Is Why.

Strong customer authentication necessarily forms the backbone of any fintech application and it is common to make use of multi-factor authentication (MFA) to provide additional levels of security to protect any transaction from being compromised. Multi-factor authentication (MFA) encompasses three types of authentication: knowledge (something you k...

14 April 2020 /devops /identity Biometrics

Fintechs Designed To Thrive In The Face Of Coronavirus

The coronavirus is expected to fundamentally change the way customers interact with their banks, retailers and other service providers – and fintech businesses, which were built to operate in a fast-moving, digital-first economy, are particularly well-placed to meet their demands through the crisis and beyond. Since the onset of the virus, busines...

22 March 2020 /payments /retail Innovation in Financial Services

White Label mPOS Solutions 2024 Outlook

Retailers are increasingly turning Mobile Point of Sale (mPOS) devices to secure payment because of the convenience, cost effectiveness and flexibility they offer. In fact, the mPOS market is reportedly growing faster than the traditional POS industry and, according to some estimates, could comprise some 25% of the overall market within the next t...

03 March 2020 /payments Blockchain in Banking and Financial Services

P2P Lending Market Outlook 2020

Peer-to-peer (P2P) lending has become a flourishing multi-billion dollar industry that brings borrowers and lenders together on a sophisticated technology platform that allows the two parties to satisfy their particular financial needs. The industry came up against a few challenges last year, with P2P property platform, Lendy, put into administrati...

27 February 2020 /retail /markets Peer-To-Peer

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