How AI Is Impacting Wealth Management
The financial industry is in the midst of unprecedented change. Many big banks and entrenched institutions are directing their IT budgets towards the support of legacy systems written in COBOL. But customers clearly want something else: convenient, more efficient digital banking experiences. This is opening up a disruption opportunity for young FinTech startups that are […]
App-Only Banks Are Challenging Traditional Institutions in Europe
Banks are still selling many services under one roof. But they’re seeing increased competition from financial technology startups that specialize in one service. Although these FinTech startups offer one service, they do it well; Robinhood lets you trade stocks for free, Acorn invests your change for you, and Prosper offers loans through a marketplace. As […]
Is FinTech the Future of Ride-hailing?
As FinTech develops, online- and cloud-based firms are some of the first companies that integrate the newest technology into payment processors and payroll. Uber’s recent merger with Southeast Asian ride-hailing company Grab brought about some updates to Grab’s interface and operations. This type of innovation is rarely seen in companies who have been recently taken over. […]