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DeFi vs Traditional Finance: Which One is the Future of Money?

The rapidity with which we understand and interact with money is altering at an unprecedented speed. Moreover, decentralized finance is quickly emerging as a viable challenger to traditional finance, disrupting the longstanding systems we have depended on for decades. But what is the comparative analysis between these two worlds of finance? And will DeFi take …

The Pros and Cons of Open Banking You Need to Know

Open banking is altering the way customers approach finance by allowing users to easily control their funds and interact with their banks. With the use of open banking, third parties can now access sensitive banking information with the customer’s consent, which will allow for a more transparent, innovative, and convenient relationship between the customer and …

How NFC Technology is Revolutionizing Payments

In our ever-evolving environment, modern-day living has been overly enhanced with advanced technology tools. One of the most notable was payment methods. With Near Field Communication (NFC) technology, which enables payments through signals, contactless payments are now possible. This advancement eliminates the need for cash, as people can now pay by merely swiping or tapping …

Blockchain Beyond Finance: Innovative Use Cases to Know

Blockchain technology is often associated with cryptocurrencies like Bitcoin and Ethereum, but it has many applications outside of finance. Blockchain is a decentralised, open, and secure ledger system that has the potential to transform many industries. From healthcare and digital identity to supply chain management, blockchain is having a huge impact by addressing inefficiencies, making …

Blockchain Beyond Finance: Innovative Use Cases to Know

Blockchain technology is often associated with cryptocurrencies like Bitcoin and Ethereum, but it has many applications outside of finance. Blockchain is a decentralised, open, and secure ledger system that has the potential to transform many industries. From healthcare and digital identity to supply chain management, blockchain is having a huge impact by addressing inefficiencies, making …

How Fintech is Bridging the Financial Inclusion Gap

In the last few decades, the financial world has been exceptionally transformed, the most important being the development of financial technology, or fintech. Fintech is at the forefront of changing the dynamics of the marketplace by providing financial services that are competitively priced and accessible to those in need. Unlike traditional financial systems, in which …

AI vs. Human Advisors: Who’s Better for Your Investments?

People have more options for financial consultation than before, especially with artificial intelligence (AI) emerging in investment management technologies. In comparing the capabilities of human and AI advisors, one option does not necessarily prevail over the other. Each option has its strengths and limitations, which is why choosing which option to use hinges on personal …

Neobanks vs Traditional Banks: Which Is Best for Your Savings?

Neobanks are one of the biggest changes in the banking industry. Neobanks, or digital banks, offer convenience, innovative features, and lower costs than traditional banks. Are they right for your savings? When choosing a neobank or traditional bank, consider reliability, accessibility, costs, and financial goals. Neobanks target technology-savvy users who seek efficiency, while traditional banks …

Peer-to-Peer Lending: A Smarter Way to Borrow or Invest

Peer-to-peer (P2P) lending has become a new and different way to borrow money in the fast-paced world of finance. It makes lending and investing easy by connecting lenders and borrowers directly through an online platform. Peer-to-peer lending has become incredibly popular in recent years. It promises lower interest rates for borrowers and higher returns for …

Why Payment Security is Critical in Fintech

In today’s rapidly changing digital economy, FinTech has transformed the way consumers and businesses conduct financial transactions. From complex banking applications to peer-to-peer payment systems, FinTech solutions offer unparalleled convenience. But with great convenience comes great risk—especially when it comes to payment security. Cyber ​​threats, data breaches and fraud are increasing at an alarming rate. …

How AI is Revolutionizing Fraud Detection in Finance

Detection of fraud is an important topic today in the finance market. Businesses, citizens, and even governments lose millions of dollars every year due to this. Some traditional methods are effective in countering these activities, but many simply do not work due to the high level of sophistication and cunningness of the fraudsters themselves. This …

RegTech Solutions Small Businesses Can’t Ignore

The cobweb of compliance, reporting, and risk mitigation programs has been dismantled with the birth of Regtech, which is Regulatory Technology. Regtech has enabled small businesses to incorporate cutting-edge technology into their fragile ecosystems while staying competitive, especially now that the legal outline is becoming more and more convoluted. The obstacles that small businesses have …