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, …
Tag: Fintech
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 …
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 …
The current status-quo of big banks handling everyone’s money is beginning to be phased out by new and forward-thinking financial companies. Consumers are craving modern banking tools that give them control of their data, minimal fees, and also the ability to freely use new financial applications that make moving money easy. We are living in a hyper-personalized world now, and legacy banks are struggling to loosen their grip on their customer’s freedoms. If they are not careful, they are going …
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