Banking

A 2015 research report on the smartphone industry in the US states that 64% or two-thirds of Americans have a smartphone. This is indeed a 35% rise in the past four years.

One of the most aggressive and swollen financial industry segments is investment banking.

According to the FRB, US banks had 4,821 branch closures between 2009 and 2014. The number accounted for around 5% of the bank branches in the country.

This article explores what is new from the AI and ML desk to help FIs in fraud detection and prevention.

According to a prediction by eMarketer, 22% of all retail commerce sales in the US will come from purchases made on mobile devices.

Anyone who has ever cashed in a cheque would have realized how cumbersome and lengthy the process is given the digital age we live in.

Under the Payment Services Directive (PSD2), the digital revolution of making payments online is now regulated at a community level.

Spectacular growth has made Tinkoff the third-largest bank in terms of the number of customers.

CMOs are turning to the latest in phone-centric technology to accelerate onboarding and drive sales.

APIs will allow businesses to leverage technology with greater velocity in the future, avoiding stumbling blocks of the past and allowing them to seize opportunities for growth.

PSD2 aims to reduce the entry barriers for a FinTech firm and enhance consumer protection & convenience.

The term cash-replacement typically refers to a myriad of products such as debit cards, prepaid cards, credit cards, etc., that effectively enable a transaction without cash or (almost) replace cash.