January 21, 2016
How do FinTechs Disrupt the Banking Industry? They Bring New Speed in the Market from which Everybody Benefits
On the global start-up scene, the development of financial technology is one of the hottest topics. Now, banks can profit from innovative ideas How are FinTechs affecting the bank industry? This was one of the main topics at the Digital-Life-Design (DLD) conference in Munich. On Tuesday this week, Wirecard CEO Dr Markus Braun took part in a discussion with Jeff...
January 8, 2016
Part 1 of our “Simply Uncomplicated” Series: What exactly are FinTechs?
FinTechs are enjoying global success. But what exactly are financial technology companies? The term “FinTech” is derived from digitisation in the financial sector. FinTechs are companies that offer solutions in the area of technological financial services, which includes issues like payment, banking, alternative payment methods, factoring, credit, finance management (PFM), API banking, saving, peer-2-peer lending and insurance. Applications include everyday...
December 28, 2015
Biometric Data: The Next Step in Consumer Authentication
The way in which consumers verify their identity online is rapidly changing, a development which is being driven forward by biometric data Consumers should probably not be too surprised if they soon find themselves being addressed as follows: “Dear customer, please turn on your webcam and have your ID at the ready. We will shortly conduct a brief ID check”....
December 15, 2015
Using Smartphones as a Wallet is Becoming More and More Popular – What is The Current Situation?
Mobile banking and mobile payment have become trends around the world. Each culture has its own way of using this innovative technology In regions such as Asia, Africa and Europe, payment and banking by smartphone has advanced impressively in recent years, developing from an interesting future technology into a viable payment option. At the same time, there couldn’t be greater...
November 12, 2015
Mobile Banking’s Biggest Missed Opportunity is to Offer Specific Solutions for SMBs
Mobile banking is underserving one key demographic: small and medium businesses. Here’s why SMBs are an untapped opportunity. Small and medium-sized businesses are often called the backbone of the economy, and for good reason: They represent 99% of all businesses in the EU, equally in the U.S. In the past five years, they have created around 85% of new jobs...
November 12, 2015
The Opportunities for FinTechs are currently Better than Ever Before
There are always new ideas in the FinTech industry. It is important that companies and main cities collaborate to reap the benefits Especially this year, the FinTech industry is booming worldwide. The number of companies has rapidly increased in recent time. This will deliver benefits to the broader banking and payments industry as it infuses new ideas, technology, and talent...