4 Banking Trends in 2021

4 Tech Trends That Will Transform Banking in 2021 The industry is entering a critical phase. Legacy technology will finally be superseded by a combination of cloud computing and AI, putting banks and credit unions closer to par with fintechs. But without phasing out the traditional product silo/back-office environment, that change won’t happen. The increasingly … Read more

Post Brexit Big Bang

Post-Brexit Fintech Big Bang with Hubs and Tech Visas U.K. Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in the March 2021 budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure … Read more

Top 2021 Regulations

Top 2021 Banking and Security Regulations In 2020, financial institutions found themselves forced to engage with their customers almost solely through digital channels, namely e-banking and financial mobile applications. The pandemic’s restrictions on movement and in-person meetings also meant that they had to onboard a significant cohort of older and less digitally aware clients. This … Read more

Deeper FinTech for MasterCard

Mastercard is buying another fintech, this time scooping up Finicity in a transaction valued at nearly $1 billion. Mastercard (ticker: MA) has agreed to pay $825 million for the data aggregator. Finicity’s shareholders also have the potential to receive $160 million in earn-outs if performance targets are met, according to a statement. The company says its acquisition … Read more

New Rules for Digital vs Traditional Banking

It is the greatest magic trick in modern history. A string of fintech and crypto companies across the globe collapse and seemingly lose track of billions of dollars, but the blinding glow of technology continues to mesmerize everyone to the risks. The contrast in the financial services industry is stark. Banks are not permitted to … Read more

FinTech Market Projections

FinTech Market to Reach $460B by 2025 The global fintech market size is projected to reach USD 460 billion by 2025. The term “Fintech” is broad and the global fintech industry is rapidly growing in order to serve both businesses and consumers. When it comes to technologies in financial services, not a single technology is … Read more