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Starting a neo bank business can be a rewarding endeavor. Neo banks, also known as digital banks, operate entirely online without any physical branches. This digital-only approach appeals to tech-savvy consumers looking for convenient and modern banking solutions. I will guide you through the essential steps to start a neo bank business, sharing i...
05 August 2024 /retail /startups Fintech innovation and startups
Technology in the form of artificial intelligence is a phenomenon that is changing the operations of various companies in various industries. AI development services that help businesses with solutions that boost operations are driving this evolution. What are AI development services, and how have they emerged? Where are they heading in the future...
26 July 2024 Artificial Intelligence
In the rapidly evolving landscape of digital finance, biometric payments have emerged as a transformative technology, merging security with unparalleled convenience. This technology leverages unique biological traits, such as fingerprints, facial recognition, and iris scans, to authenticate transactions. As digital payments become increasingly ub...
07 July 2024
Earlier this year, on February 22nd, the last remaining bank branch in the whole of the Peak District, Natwest in Bakewell, closed its doors for good. The closure leaves thousands of locals without a physical bank to visit, with the closest Natwest, for instance, now in Chesterfield—almost a half an hour’s drive away. Brick-and-mortar branches ...
03 July 2024 /predictions Banking
In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satisfaction. From the pioneering days of ATMs to the digital revolution brought forth by internet and mobile banking, financial institutions have always been at the forefront of embracing technological advancements. Today, as we embark on the cusp of a ...
01 July 2024 /ai /retail Artificial Intelligence and Financial Services
The cryptocurrency market has recently been witnessing a significant shift towards restaking, a process where crypto assets are locked up to earn additional rewards. In fact, it has become the second-largest sector in DeFi, with over $18 billion worth of crypto moving towards such platforms by the end of May 2024. However, as restaking gains pop...
25 June 2024 /crypto /markets
Lessons from the Past Prove Why Instant Payments Must Prioritize Security by Design Having just returned from an incredible week in Lisbon at EBADay 2024, I am eager to share insights from this year’s theme, “Orchestrating the Dialogue on Payments - The Collaborative Advantage.” The event encouraged collaboration and featured provocative conversat...
24 June 2024 /security /payments API
Embedded Finance is transforming the EU's financial landscape, driven by technology and regulatory frameworks unique to the region. This transformation is not uniform; it varies significantly across member states, influenced by Electronic Money Institution licenses, interchange caps, and a spectrum of compliance requirements. The EU's EF sector th...
11 June 2024
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy and reaches $600 billion annually, equivalent to 0.8% of the worldwide GDP. Besides, fraud attempts surged by 149% in the first quarter of 2021 compa...
11 June 2024 /ai /crime Artificial Intelligence and Financial Services
By the end of 2025, UPI (Unified Payments Interface) is poised to become the most significant payment switch globally, with an estimated annual volume of around 264 billion transactions. This staggering figure would surpass the transaction volumes of Mastercard and Visa, marking a significant shift in the global payments landscape. UPI's rapid gro...
06 June 2024 /payments /inclusion Payments strategies 2015-2020-2030
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