Credit institutions bear 30%-40% of all their expenses in order to keep the ATM network active in the region, but the percentage of customers visiting the branch is decreasing at the rate of 10% per year. The alarm was launched some time ago by the Bank of England and is common to all mature markets,
It’s been a long time coming and finally, the Stock Market now has an official financial technology index. This index called fintech will be used to track the performance of companies that improve on financial products and services through technology. Since this aspect of the tech and finance industry grows every year, it would make
Over the last ten years since the blockchain technology came to light, there has been a massive adoption trend, and in a manner that is unprecedented; somewhat geometrical rather than arithmetic. This is by the advantages that this invention brings- something that is becoming obvious to more people as the days pass. It is no
For many people, the financial technology revolution has not seemed like a revolution at all. It’s been merely an evolution of the services that they already had. Those who have always had bank accounts now also enjoy the convenience of internet banking, online shopping, and instant payments at store checkouts with their phone or card.
We have slowly entered an era where transactions, purchases, and investments are done on a vast scale. And, the traditional banking services don’t seem to be sufficient enough. But thanks to FinTech industries, this has become a thing of the past. Now, with a smartphone that has an internet connection, financial services of different kinds
Despite its existence for close to two decades, Digital Twins only began to gain prominence quite recently, because Internet of Things (IoT) has made it quite cost-effective to be implemented. Digital twin has gotten so useful to businesses in modern time; it was named one of Gartner’s Top 10 strategic technology trend in 2017. Simply
Artificial Intelligence or simply put as AI is a known branch of science that deals with a computer which has come to stay in our technologically advanced world today. AI is simply the discipline of science of machines and computers that develop intelligence like humans and also act like humans. It’s a glaring fact that