All articles tagged Fintech (13)

Chime Offers a Fee-Free Digital Banking Experience that Aims to Enhance Its Members’ Financial Lives

Chime Offers a Fee-Free Digital Banking Experience that Aims to Enhance Its Members’ Financial Lives

In a Nutshell: Digital banks aren’t a new phenomenon in financial services. Many tech startups have leveraged lower overhead costs to offer fee-free online-only accounts for a decade or longer. But while new digital institutions seem to pop up daily, Chime Bank continues to be a leader in digital savings and checking accounts because of its commitment to advancing its members’ financial lives. Chime charges no fees on its accounts or debit cards and offers a feature-rich app that... read more »

Revolut’s Mobile-Based Financial Platform Aims to Change the Way Americans Bank by the End of 2018

Revolut’s Mobile-Based Financial Platform Aims to Change the Way Americans Bank by the End of 2018

In a Nutshell: Anyone looking for an alternative to traditional banking should look no further than Revolut — a tech-driven, entirely mobile-based financial platform that will arrive in the US by the end of 2018. Revolut offers traditional services like personal and business accounts and loans, and includes tools to help users better manage their finances. It also provides fee-less international money transfers and transactions, low-cost currency exchange, and the ability to purchase... read more »

The KOHO Smart Spending Account Offers Users a Tech-Forward Experience that Grows Savings

The KOHO Smart Spending Account Offers Users a Tech-Forward Experience that Grows Savings

In a Nutshell: Most people want to save more money, but not everyone has the know-how, experience, and patience to navigate the plethora of options claiming to grow savings at an above-average rate. Those who do take the time to research their choices often find a host of fees that eat away at a percentage of their savings. KOHO offers a tech-forward experience with options similar to those of traditional bank accounts, but without the fees associated with traditional bank accounts.... read more »

Mobile-Only Starling Bank Looks to Rival Legacy-Based UK Banks

Mobile-Only Starling Bank Looks to Rival Legacy-Based UK Banks

In a Nutshell: Traditional banks use legacy systems to provide an operational foundation with proven success. But these costly systems lack the agility needed to adjust to a changing marketplace. While many institutions spend billions of pounds each year to roll out their digital initiatives, Starling Bank spent only £15 million to create the infrastructure of one of the UK's fastest growing financial institutions. The mobile-only Starling offers individual and business checking... read more »

Software AG Earns Our Editor’s Choice Award™ for Its Digital Transformation Solutions for Financial Institutions

Software AG Earns Our Editor’s Choice Award™ for Its Digital Transformation Solutions for Financial Institutions

In a Nutshell: Financial institutions may not even know the extent to which they’re hampered by redundant applications and complex enterprise architecture — but Software AG does. The company has helped some of the largest financial service providers in the world save millions and overcome obstacles around modernization, while strategically positioning them for future growth. Software AG helps its clients align IT and operational needs, optimize automated processes and business... read more »

Plaid Goes with Everything — Fintech Infrastructure Connects 9,600+ Financial Institutions to Popular Financial Service Apps

Plaid Goes with Everything — Fintech Infrastructure Connects 9,600+ Financial Institutions to Popular Financial Service Apps

 In a Nutshell: As financial practices evolve in response to the digital age, facilitating a quick, accurate, and secure connection between consumers, their banking institutions, and third-party financial services is a powerful asset. The Plaid platform serves as a technological bridge between banks, consumers, and third-party apps to ensure the secure exchange of data, such as account and transaction information, and leads the way in helping to bring about the next wave in fintech... read more »

How Open-Source Software Such as R, Python, and Vim Have Helped Fintech Companies Predict the Future

How Open-Source Software Such as R, Python, and Vim Have Helped Fintech Companies Predict the Future

In a Nutshell: Two decades ago, data analyst jobs required proficiency in Statistical Analysis System (SAS) programming. But as the cost of SAS desktop boxes became prohibitive, many institutions began using free open-source program languages that offer greater flexibility and compatibility. Large corporations, including American Express and Bank of America, now look for data science applicants with skills in R, Python, Postgres, and Linux. Many of these organizations use the... read more »

Vidyo Helps Financial Services Clients Retain Human Interaction While Providing Specialized Services Through Video Chats

Vidyo Helps Financial Services Clients Retain Human Interaction While Providing Specialized Services Through Video Chats

In a Nutshell: The near-instant communication the modern digital landscape provides makes the world a much smaller place, but it also robs people of the benefit of human interaction. Financial service providers are in a race to digitize their products and services, but many struggle to keep their customers engaged and happy. Many large institutions, as well as small and medium-tiered banks and credit unions, turn to Vidyo to reduce costs while increasing customer satisfaction. Many... read more »

Luxoft Leverages Industry Knowledge and Technological Expertise to Help Financial Services Companies Navigate Blockchain Innovation

Luxoft Leverages Industry Knowledge and Technological Expertise to Help Financial Services Companies Navigate Blockchain Innovation

In a Nutshell: Finance's biggest media darling of 2017 was cryptocurrency. But it is blockchain, the infrastructure of digital currency, which looks to claim that spot in 2018. Blockchain’s distributed ledgers, which record transactions between two parties efficiently, verifiably, and permanently, are the current buzz of the finserv community — and technology Luxoft has been investing in for years. Luxoft dedicates a team of technology incubators to develop expertise in emerging... read more »

Juniper Research Reveals Chatbots and Artificial Intelligence Will Deliver Innovation and Significant Cost Savings to the Financial Industry

Juniper Research Reveals Chatbots and Artificial Intelligence Will Deliver Innovation and Significant Cost Savings to the Financial Industry

In a Nutshell: In today’s connected world, where smart speakers are ubiquitous, and we don’t think twice about asking Siri or Alexa to help us find the nearest Italian restaurant, the popularity of artificial intelligence is immediately evident. Industries in virtually every sector are harnessing AI’s power, with the financial industry being an especially willing participant. Though still in its relative infancy, AI is quickly transforming the abilities of present-day financial... read more »