There’s a lot of talk about blockchains and their potential implications for the future of banking. But what are they, and how do they work? In this blog post, we’ll discuss the pros and cons of digital banks. Digital banking is the latest trend in financial services. As technology improves, traditional banks are looking at…
Cryptographic cryptocurrencies such as Bitcoin, Litecoin, and others have reached a total capitalization of over USD 5 billion. Furthermore, various applications which run on top of the underlying blockchain technology are being developed for diverse uses. Blockchain has become the most popular buzzword in the tech industry. Many companies and experts claim that blockchain will…
Banks and Fintech have begun to work together in a way that benefits both parties. Banks are looking for new ways to grow their customer bases, while fintech are looking for new customers. They find themselves in an arms race, working with each other to create more innovative products and services while also competing against…
In an age dominated by digital media, the average person spends more time on social media rather than anything else. With Facebook, Twitter and Instagram accumulating hundreds of millions of active users, it becomes necessary to understand social media marketing from a bank’s perspective. How Do Banks Use Social Media? The purpose of a bank…
FortySeven Software Professionals’ team has prepared an infographic dedicated to one of the most popular topics: Fintech. The data that is used in the infographic was collected from the researches and reports of McKinsey, Mastercard, E&Y, and others. Here you will find what are the trends of Fintech 2021. The part of it is dedicated to…
Trend watch is the process of watching what words people search more than normal. It is a data-driven report that tells you where the consumer is going and where your business should be. It allows you to understand the ever-changing world. Trend watch is about business innovation. In this article, we are going to explore…
The world of technology is continually evolving and growing. Trying to be aware of all these changes is usually somewhat exhausting and time-consuming. When it comes to setting up your company’s IT infrastructure for software development, you must spend a lot of energy on it. It’s not as easy as it sounds. You may need…
Technological breakthroughs have transformed this world and stirred up several institutions to disregard century-old methods of communication and workings. This can be said true for the financial sector as well as more and more bank owners start to indulge themselves in Fintech. It is a fast-growing platform and has thousands of possibilities that could be…
Technological breakthroughs have transformed this world and stirred up several institutions to disregard century-old methods of communication and workings. This can be said true for the financial sector as well as more and more bank owners start to indulge themselves in fintech. It is a fast-growing platform and has thousands of possibilities that could be…
There are many terms associated with the Venture Capital industry that might even not be known to other investors and entrepreneurs. FinTech is here for a long distance. Venture capital is a subset of private equity (PE). Who was the first person, raising a fund? Georges Doriot, professor of Harvard Business School generally is considered…
In the latest 1994, Bill Gates bragged that “banks are dinosaurs…we can bypass them,” it struck fear in the minds of bankers and people. Digital bank today? Well, he also stated that “Banking is necessary, banks are not”. It sounded very provocative by that time, but nowadays we can be sure that technology is lowering…
FortySeven is a European based IT professional services and outsourcing company with an experience over 16 years of providing services for startups and enterprises in regulated industries
