Are Robots the Future of FinTech?
The rapid development of artificial intelligence (AI) over the past few years has already had a profound impact on FinTech in more ways than one. Wealth management, one of the biggest sectors of finance, is currently in the midst of an AI-fueled disruption. To survive this change, wealth managers must realize that this technological shift […]
FinTech Is Taking on Retirement With Tontines
Every part of the financial ecosystem is susceptible to disruption, and retirement is no exception. With a global market value hovering around $41 trillion, it’s no wonder that FinTech and blockchain developers are turning their eyes towards transforming this sector. And they may have found their engine for change in “tontines“. A Different Way to Retire […]
2018 Will Bring More Enforcement to the FinTech Frontier
For the most part, the FinTech frontier has been unbridled by traditional financial institutions. But much to the dismay of blockchain and FinTech developers, that will probably change in 2018. As we saw in 2017, governments, banks, and other organizations are starting to take notice of the current state of FinTech. And for better or […]
The FinTech Revolution Isn’t What You Think
Image Source: Forex News Now The advent of cryptocurrencies and blockchain heralded a new optimism in FinTech. This positivity extends beyond the excitement of FinTech app developers and other technology enthusiasts. Plenty of people believe this is the dawn of a new disruptive era for finance. Financial institutions would lose their clout, and power would return to […]
Former Equifax CEO Blames Catastrophic Hack on Just One Guy
The country is still reeling from the Equifax hack that finally went public last month. Or at least half of the country is: the hack, now known as the largest data breach in U.S. history, affected some 143 million people. The company is trying to make amends, establishing some basic identity theft protections for those […]
China Goes After the Cryptocurrency Market with ICO Ban
Last week, the value of crypto tokens OmiseGO (OMG) and Qtum passed the $1 billion mark, making them the first initial coin offering (or ICO) unicorns on the Ethereum market. Seattle FinTech app developers with their fingers on the pulse of the crypto market knew that this day would come, but it has happened so […]
Venmo Is Secretly Prepping a Physical Debit Card for Launch
One of the major goals of FinTech app developers is to disrupt the way banking is done (after all, who trusts the banks?). Lately, digital payment services are doing that by offering services that make them more bank-like, such as issuing their own plastic. Square Cash recently debuted its debit card, and Apple unveiled its […]
Amazon Moves to Conquer Groceries with Whole Foods Purchase
The big business news rolling into the weekend was Amazon’s purchase of Whole Foods, a move that seemed to take the retail world by surprise. Industry analyst Charlie O’Shea calls the $13.4 billion deal “a transformative transaction, not just for food retail, but for retail in general.” Soon, Amazon will have 460 Whole Foods stores […]
Expert Sessions: “Cryptocurrency 101” with Ben Sigman
When you work in app development, you get to cross paths with some truly brilliant thinkers with bold ideas about tech, society, and the future. Ben Sigman is one such mind. The CEO and founder of IT company We Solve Problems, Ben is, by his own admission, obsessed with cryptocurrencies. (How obsessed is he? Let’s […]
Fintech company NextGenVest Helps Millennials Plan Expenses
The New York City mobile app developers at NextGenVest are out to solve a huge problem: the financial traps set for millennial students by predatory lenders and skyrocketing educational costs. To date, organizations aimed at helping students manage money better have failed — particularly when trying to profit in the process — because of the […]