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FinTech Magazine connects the leading FinTech, Finserv, and Banking executives of the world's largest and fastest growing brands. Our platform serves as a digital hub for connecting industry leaders, covering a wide range of services including media and advertising, events, research reports, demand generation, information, and data services.
The Story of PayPal: The World's Most Valuable Fintech Firm
Jan 18, 2022 · In July of 2002, eBay acquired PayPal for the fine price of $1.5 billion. The acquisition spread the word about PayPal even faster and helped the company grow much larger as eBay's first choice for payments. In 2013, PayPal acquired Braintree payments gateway for $800 million. In 2014, Carl Icahn, an activist and an investor of PayPal, carried ...
Top 10: Digital Wallets - FinTech Magazine
May 1, 2024 · 2. Google Pay. Google Pay. Formerly Google Wallet and Android Pay, the Google Pay we know today was born in 2018. One of the most ubiquitous digital wallets on the market today, Google Pay offers an easy way to pay on various websites, within apps and also in stores using cards saved to customers’ Google accounts.
Integrating RPA and AI: The Future of Automation
Jan 31, 2024 · Today, the introduction of AI is augmenting RPA processes by helping the technology to manually make intelligent decisions. “AI offers additional streamlining and optimisation of processes while enabling a further increase of velocity and volume in data (scalability),” says van Greune. This optimisation will be crucial for FIs going forward ...
The future of ATMs: adapting to the digital age
Jul 6, 2023 · Paymentology’s data backs this claim, with the number of ATMs in Europe falling by over 10% since 2016. Meanwhile, analysis from global consultancy partnership Kearney predicted that 25% of European bank branches would close across Europe from 2020 to 2023, as consumers’ digital banking habits became more permanent.
A Comprehensive Guide to Open Banking, Technology and Beyond
Mar 16, 2022 · The overall goal of open banking is twofold. First, it's intended to increase competition and innovation in the banking sector by giving fintechs, and other providers access to the data of bank customers. Second, it's designed to improve customer experience by allowing customers to understand their finances better and more easily compare products.
Top 10: Blockchain Platforms - FinTech Magazine
Jan 17, 2024 · Here, FinTech Magazine counts down the top 10 blockchain platforms. 10. ConsenSys Quorum. Consensys Quorum is an open-source protocol layer building on the success of decentralised Ethereum. All it takes to connect to the Ehereum network is an Ethereum client. Consensys Quorum offers two clients in the form of Hyperledger Besu for use …
E-Wallets: The Evolution of Payments | FinTech Magazine
Apr 25, 2023 · A research report by CBS Insights predicts that the trend for e-wallets and super apps will see the market increase in value, from a conservative US$1tn, to $7tn by 2027. Many reputable studies show that, by 2024, a third of the world’s population will be using digital wallets. Not only that, but these e-wallets will merge with the super app ...
Huawei: Powering UnionDigital Bank’s Cloud Transition - FinTech …
Aug 20, 2024 · Leading Filipino financial services firm UnionDigital Bank has transitioned its core banking system to the cloud in just 35 days. This was made possible thanks to its collaboration with Huawei and Chinese fintech firm Sunline and marks a significant move in the bank’s mission to provide accessible financial services to underserved communities.
Top 10 Banks in the UK - FinTech Magazine
Jun 19, 2024 · Santander UK aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. The UK arm of Banco Santander, the bank is building a more responsible organisation and has made many …