Banks are closing down at an alarming rate. According to recent reports from the Office of the Comptroller of the Currency, 754 bank branches closed between January and September. While many may be tempted to dismiss this as the failings of smaller, community banks, the data would indicate
November 21, 2024Hyper-automation means using new technologies like artificial intelligence (AI), machine learning, robotic process automation, and many other new tools to automate whole business processes, instead of using them to transform single tasks. It goes further than basic automation by connecting
October 30, 2024One thing has become more important than ever in the FinTech industry: Customer experience (CX). No matter how advanced the product, without smooth and pleasant CX, they’ll surely look elsewhere. BCG believes four major trends are shaping this mindset shift: Embedded finance (projected to reach $3
September 27, 2024New technologies have undoubtedly changed the world we live in, and they have also changed our daily habits. Banking is no exception to this rule. The rise of modern neobanks proves how different technologies have already reshaped traditional industries, including banking. However, the digital era
August 26, 2024Dubai AI & Web3 Festival is a pioneering event that promises to solidify Dubai's status as an unmistakable nerve center of the digital economy. H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, leads the organization of this progressive event, which will take
July 31, 2024“Banking the unbanked” is one of the more significant catchphrases in FinTech. It underpins the industry’s existence, not progress for progress’ sake, but technology to overcome existing challenges and inequities. While many debate which technologies are the most appropriate for this, Decentralized
June 20, 2024