Russia’s Invasion and Its Impact on FinTech
When President Putin ordered his military forces to invade Ukraine, this decision set off a worldwide ripple effect. Steadily increasing sanctions from many countries followed the swift condemnation of the invasion from global leaders. A brief but massive dip in the US stock market accompanied rising prices in the energy sector. Intense ground fighting of […]
How China Has Become the Front Runner in FinTech
Want to get a glimpse of the future of FinTech development? Look no further than China. Apps like Tencent’s WeChat and Ant Financial’s Alipay have changed how the country’s citizens control and interact with their finances. In this post, we’ll examine how China got a huge headstart in revamping financial transactions. We’ll also explore if […]
Y Combinator’s Bold Basic Income Plan Is off to a Rocky Start
Ideas strictly in the realm of FinTech development aren’t the only ones making waves amongst finance industry insiders and economists. Universal basic income, a program in which citizens of a society receive a predetermined amount of money with no strings attached, has gained its fair share of media attention in recent years. And Y Combinator wants […]
Collaboration, Not Competition, Will Move FinTech Forward
We recently wrote about the talent shortage in FinTech, and what it means for the future of banking and financial systems. With that in mind, it should be no surprise that, without any talent to fight over, players in the FinTech space need to collaborate. Otherwise, FinTech development could be negatively impacted by a lack of […]
Banks Are Scrambling to Keep up With FinTech
When tech disruption occurs, it’s best to join in on the movement, not entrench yourself in old habits or long-standing beliefs. Microsoft learned that the hard way with smartphones. Banks aren’t trying to make that same mistake. At least, not if they can help it. Investing in the Future Banks are implementing blockchain technology, and […]