In a world where open banking is the future of fintech, banks and other financial institutions need to understand both WSO2 and PSD2. With regards to implementation, WSO2, an open-source technology with a platform for integrating application programming interfaces (APIs), applications, and web services, is often regarded as a better alternative…
It’s only February, yet the fintech market is already triggering immense change within the financial industry in 2020. Visa is acquiring Plaid for $5.3 billion, Morgan Stanley is acquiring E*Trade for $13 billion, and Lending Club is acquiring Radius Bank for $185 million. Plus, Visa is granting Coinbase the ability…
The fintech scene in Latin America is booming, and for a good reason. Nearly 70% of the Latin American population is unbanked. However, the use of smartphones is drastically increasing and it’s predicted that 90% of all Internet connections in Latin America will come from mobile devices by 2022, leaving…
For a long time, financial technology (fintech) has been its own vertical supporting the financial services industry. However, fintech companies are disrupting this space and making fintech a necessity not just for financial institutions, but for any company, in any industry. Angela Strange with a16z said, “In the not-too-distant future,…
The banking and finance industry has grown and changed in recent years. Two of the factors driving that growth and change have been the rise of financial technology (fintech) companies or programs and the use of application programming interfaces (APIs). Because of APIs and fintech, people can now do incredible…
Tech is changing the way the world works, including the financial world. In recent years, how people and businesses manage and receive money has changed considerably. Fintech, or financial technology, is in large part behind the massive shift in the industry. Apps, websites, and even new forms of currency have…
Hydrogen and Armada Labs announce partnership to deliver an exceptional fintech acceleration experience to the entire Financial sector and beyond. New York, NY February 4, 2020 - The Hydrogen Technology Corporation (“Hydrogen”), the industry's leading global fintech acceleration platform, today announced that Armada Labs, LLC (“Armada Labs”) has become a…
Bankrate’s January Financial Security Index survey revealed that just 40% of U.S. adults can cover the cost of a $1,000 car repair or emergency room visit using their savings. The survey is similar to other shocking studies by The Federal Reserve and the Pew Charitable Trusts over the past few years.…
In the increasingly digital age, customers expect more and more from their banking institutions. When they have the option of taking time out of their day to sit at the bank and open an account or spending a few minutes online doing the same thing, it's easy to guess which…
This according to Built in NYC, one of the leading resources for the local New York City tech scene. Here is how they describe the top 50 startups and the criteria for selection: According to PitchBook, NYC venture capital activity surpassed $15.63 billion as of September 2019 — beating out the…