As the fintech market continues to gain steam and digitize money management, banks have begun to shift their organizational structure and focus on technological innovation. The world is starting to explore new ways of handling and exchanging money with the help of technology – and banks are not planning on being left behind. It’s now safe to safe Banks are betting on Fintech’s for survival. The banks are getting involved in fintech startups for a couple main reasons including the potential …
Month: January 2020
Visa recently acquired Plaid for $5.3 Billion, which is almost twice its last valuation. What does Visa’s acquisition of Plaid really mean for Fintech? The fintech market has been undergoing a shift behind the scenes for a few years now into a new trend called data unification. Businesses, in general, have been getting more keen about data utilization within their organizations. Big data analytics using AI and machine learning are helping more and more businesses make smarter decisions about growth, …
For the last couple of years, banks have been shutting down branches at an alarming pace, while limiting the opening of new ones. Well over 2,000 large to midsized bank branches in Canada and the US have been shut down with more to come. After all, many analysts have criticized the closure of bank branches. These critics claim that banks closing have disenfranchised low-income communities and are forcing them into higher-cost banking situations. While big banks may provide physical convenience …
The founding team is the heartbeat of every company. Their decisions, attitudes, and dynamics can make or break the ultimate success of any business. If you think you can do it all alone and still make it, you will be in for a rude awakening. Here are some important things to consider when building the right founding team: The Power of A Great Team As they say, two heads are always better than one. Building your founding team should be based …
2020 is going to be important, and most likely, a milestone year for the fintech industry going forward. We are just beginning to see the initial trends that could drive a new state of the industry going forward. If the big industry players in the game aren’t careful, the age of technological innovation may just push them out. There are some very important new trends that are beginning to flesh out and are sure to have a huge impact on …
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