37 Results
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
The fintech sector is undergoing significant changes as it embraces sustainability and ethical principles. This movement, known as green fintech, is transforming financial services to address environmental and social issues. Understanding Ethical Finance Traditional financial metrics such as profitability and revenue remain crucial, but ethical fin...
25 June 2024 /payments /retail Banking Strategy, Digital and Transformation
In today’s fast-paced business environment, securing and maintaining relationships with large enterprise clients is crucial for revenue growth. However, processing their payments poses significant challenges, especially as transaction complexities and amounts increase. Traditional payment methods like paper checks often lead to delays and ineffici...
29 May 2024 /payments /retail Banking Strategy, Digital and Transformation
Fintech firms are increasingly reliant on advanced technology to provide innovative financial services. Gartner forecasts that by 2025, 85% of organizations will prioritize a cloud-first strategy, necessitating cloud-native architectures to meet their digital goals. Cloud computing is essential for these companies to scale effectively, manage larg...
15 May 2024 /payments /retail Banking Strategy, Digital and Transformation
In the competitive world of business transactions, ensuring that every aspect of your company is optimized can dramatically increase its valuation. A key component often overlooked is the technology underpinning the business. Code audits are essential in this regard, serving as a comprehensive evaluation of your software's health and efficiency. By...
29 April 2024 /payments /retail Banking Strategy, Digital and Transformation
In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a significant departure from the traditional Automated Clearing House (ACH) system. This shift signifies a pivotal moment in banking innovation, offering instantaneous transaction processing that aligns wi...
09 April 2024 /payments /retail Banking Strategy, Digital and Transformation
With the neobanking market projected to swell to $6.37 billion in 2024, and a user base expected to hit 386.3 million by 2028, the industry's potential is undeniable. Yet, alongside opportunity come substantial challenges, from profitability to cybersecurity. Clash of Titans: Traditional vs. Digital Banks The consumer demand for comprehensive fin...
25 March 2024 /payments /retail Banking Strategy, Digital and Transformation
In 2024, digital banks continue to rise, drawing in customers with their innovative services. Leading digital banks such as Chime, Current, and Varo report significant increases in both customer numbers and deposit volumes. The competitive landscape is intensifying as technology giants and traditional banks unveil their digital banking solutions, ...
28 February 2024 /payments /retail Banking Strategy, Digital and Transformation
The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive growth. As we delve into 2024, several pivotal trends are shaping the future of prepaid cards, from gig economy dynamics to millennial spending habits, the surge in virtual card usage, the popularity of eGift cards, and the innovative approach of pre...
14 February 2024 /payments /retail Banking Strategy, Digital and Transformation
Emerging Digital Payment Trends As we usher in 2024, the payments industry stands on the threshold of a new era, marked by an accelerated pace of innovation. This dynamic landscape is a testament to the sector's agility in responding to the rapidly evolving demands of the digital consumer and the forward march of technology. What payment trends ca...
11 January 2024 /payments /retail Banking Strategy, Digital and Transformation
AI-powered solutions are rapidly maturing, becoming a vital asset across numerous industries, particularly within finance. According to a Markets and Markets report, the global chatbot market achieved a valuation of $4.7 billion in 2022 and projected growth to $15.5 billion by 2028. The evolution of chatbots has vastly improved their linguistic ca...
03 January 2024 /payments /retail Banking Strategy, Digital and Transformation
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