The financial services sector is experiencing a significant shift due to the rapid progress of technology and the rise of innovative fintech solutions. Players in the industry face both opportunities and challenges as fintech transforms traditional banking and financial practices. Let us view the dynamics of fintech disruption and collaboration, highlighting the key trends and… Continue reading Fintech: Disruption or Collaboration?
Month: January 2024
How are Regulatory changes impacting Fintech?
In the dynamic realm of fintech, regulatory changes have become a driving force reshaping the landscape and influencing the trajectory of innovation. The intersection of finance and technology is undergoing a profound transformation, with regulatory bodies adapting to the evolving nature of digital finance. As financial technology continues to redefine traditional banking and payment systems,… Continue reading How are Regulatory changes impacting Fintech?
Role of AI in Credit Scoring
Approximately 1.5 billion individuals globally lack access to banking or comparable financial services. For the rest of us, less than half of those with bank accounts are eligible for lending. More intelligent credit assessment methods are needed to increase banks’ loan-making capacity. Thus, AI-driven credit scoring models have emerged as a game changer, providing more… Continue reading Role of AI in Credit Scoring
The Ethics of Data Sharing in Fintech
Over the last decade, the fintech industry has grown at an exponential rate, revolutionizing how we manage, invest, and transact money. The use of enormous volumes of data is crucial to this transition. Fintechs use data to deliver personalized services, decrease risks, and improve efficiency. However, this rapid evolution creates significant ethical concerns about data… Continue reading The Ethics of Data Sharing in Fintech