The financial services industry has undergone a significant transformation in the past few years, driven by the rapid growth of fintech. Fintech has revolutionized how we bank, invest, and manage our finances. In this article, we will explore the connection between banking and fintech, how fintech is reshaping financial consulting, and the top challenges facing…
Digital transformation has become essential for businesses to remain competitive in today’s ever-changing technological landscape. Working for many years with many diverse clients from very different industries, I continue to see how important it is for businesses to follow new technological trends and embrace digital transformation. While many businesses have already embarked on their digital…
The digital asset management market is expected to grow from $3.4 billion in 2020 to $6.0 billion by 2025 at a compound annual growth rate (CAGR) of 12.0%. (Source: MarketsandMarkets) The global cryptocurrency market capitalization reached $1.42 trillion in February 2021, up from $191 billion in January 2020. (Source: Statista) In 2020, the total value…
According to a study by Statista, the global market size for Web 2.0 services was estimated to be around 20.4 billion U.S. dollars in 2020. A report by ResearchAndMarkets suggests that the global Web 3.0 market size is projected to grow from 3.0 billion U.S. dollars in 2020 to 21.0 billion U.S. dollars by 2025…
Are you tired of the limitations of traditional on-premises storage systems? Of course, you do! We are also sure you constantly worry about data storage and backup. Because local storage is not enough to store extensive data and backup simultaneously, the need for cloud or online storage arises. In today’s fast-paced digital world, cloud storage…
Latency time is everywhere. It’s basically the time between when a customer performs an action (like clicking a button or swiping their screen) and receives the result created by this action. It’s the same for both websites and mobile apps. Of the 4.5 billion people who used the internet in 2022, 4 billion of them…
The world of payments is rapidly evolving, and one of the critical drivers of this change is the use of APIs and blockchain technology in the payment processing system. APIs facilitate data flow between payment providers, merchants, and consumers. While Blockchain, on the other hand, is a distributed ledger technology that provides a secure and…
The banking industry has seen a major shift in recent years as new fintech companies have emerged, offering innovative technologies and services that are changing how banks do business. Fintech is not only transforming the financial landscape and posing a threat to traditional banks that must adapt or risk being left behind. Fintech companies offer…
Fintech 2023 is a rapidly growing sector of the global economy. It refers to using technology to automate and streamline processes in the banking and finance industries. Fintech has been around for some time, but it is only recently that its potential has become fully realized. As we move into 2023, it’s clear that fintech…
The metaverse has been gaining a lot of attention lately. The virtual world exists in cyberspace and can be accessed by people from all over the globe, no matter where they are located physically. This digital environment offers businesses unprecedented opportunities to reach new markets, engage with customers personally, and create unique products or services…
Non-Fungible Tokens (NFTs) are emerging digital assets for representing real-world objects, products, or services. Unlike traditional tokens such as Bitcoin, NFTs are unique and non-interchangeable, meaning they each have value. This makes them much more. Non-Fungible Tokens (NFTs) are digital assets that represent ownership of a unique item or support. They have become increasingly popular…
FortySeven Software Professionals’ team has prepared an infographic dedicated to one of the most popular topics nowadays: Fintech. The data that is used in the infographic was collected from the researches and reports of McKinsey, E&Y, Global Payments and others. You will find what are the trends of Fintech 2022, Trends of global payments methods,…
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