The global fintech market attracted $5.4 billion in investments during the first quarter of 2016, which represents a 67% increase over the same period a year ago, according to Accenture. While start-ups have attracted the lion’s share of investment, many large commercial and investment banks are determined not to be left behind by investing in
The word Fintech comes from the union of two words Fin = Finance and Tech = technology. One of the main purposes of the Fintech is to reduce the infrastructure costs of financial institutions. It is not necessary to have a network of branches with offices or with the customer service personnel that have all
The constantly evolving face of the financial technology startups covers a wide variety of technologies, audiences, and services. How, then, do we sum up its contributions to business in one short article? If we had to sum up the core commonality across the spectrum, I think the common threads would be increased accessibility and speed.
Online banking or E-banking offer you a quick and convenient way to manage your money. In fact,Online banking offer you a quick and convenient way to manage your money. In fact,through it varies from bank to bank, there are generally few types of transactions or other management actions that cannot be done online with an
Under the latest news, Malaysia Islamic banking is undergoing change with the government propose merge of Bank Islam, Bank Simpanan and Bank Muamalat. Since this three bank is mainly in serving civil servant, and the impact for after merge for “right sizing” (to eliminate branch and job duplication) , it most likely to take place after
Computer hackers and identity thieves have various ways to access your accounts, steal your cash and ruin your credit. Hackers use malware programs that access your computer through vulnerabilities in your web browser. Identify thieves crack your passwords and personal identification number, or PIN’s, using technology and your own lack of awareness. While you can
Advantages of Online Banking or E-Banking. E-banking includes any transaction you perform using the internet or a mobile device, is becoming more command. Making electronic payments, paying bills and transferring money between accounts are all element of e-banking, which can be done from your cell phone or with the bank, e-banking presents a number of advantages
Online Banking offers a higher level of convenience for managing one’s finances even from one’s bedroom. However, it continues to present challenges to the financial security and personal privacy. Many people have had their account details compromised, as a result of results of online banking. Thus, if one is going to use it for financial
AI take over massive of IT job that in the past manual and brain work intensive work such as data entry, manipulate data, compile report and reactive, passive job that waiting for service request and then react, and off course majority of repeated work. From the news headline this year along, we saw Microsoft, Oracle,
What exactly is Big Data and Benefits of Big Data for Banking Industry? Big data was born out of the necessity of data sets growing so large and complex that traditional tools are no longer sufficient to process this data. By aggregating large amounts of data from many different sources by leverage cloud computing, business intelligence
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