Category: Big Data

Fintech Companies Migrate to the Cloud

There’s no doubt about it. Fintech adoption is booming—global investment activity was valued at $3.2 billion in 1Q2017. Learn how the drive for fintech provides greater flexibility and faster delivery of traditional and innovative financial offerings to fintech customers. The Cloud-ward Migration is Real In the past, financial software focused on internal processes and operations. But then, device-carrying customers started to live their financial lives online.  Presto! Forward-looking finance companies started delivering what their customers wanted, a mobile-first experience. More and more customers got engaging services that were convenient, fast and useful, anywhere there’s an Internet connection.  Contactless payments, e-deposits, digital lending, capital markets and peer-to-peer payments. Life was good. As the crowds of enthusiastic mobile customers grew, so did […]

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FinTech & loT: How They Relate

Fintech and the Internet of Things (IoT). These are just two of the countless buzzwords that the IT sector launches at unwary users. But it’s worthwhile learning about them because they both are growing in importance and have a lot to offer. Here’s how they work together to provide value for finance companies and customers. Fintech and the IoT Say the word “fintech,” and many things come to mind—an industry, a group of companies or specialized technologies. What’s the best definition? When you talk about the IoT (a group of technologies), it’s helpful to define fintech as: Technologies that financial services organizations use to offer new or improved services and make their operations more efficient. What is the IoT?  Think […]

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FinTech Sends Financial Services a Wakeup Call

FinTech Jolts the Financial Services Market Whether you call fintech changes to the financial services market disruptive, seismic (my favorite) or a technology tsunami, there’s no doubt: technology developments and customer expectations drive established companies to stay competitive by adopting new tools and practices.  What’s responsible for this turbulence? CapGemini analysts point to Growing customer expectations of convenient, connected services. Lower barriers to market entry. The accelerated pace of technological evolution. Enthusiastic venture capital funding. Financial Services Market: Ready for Change Since the fintech revolution started with the founding of PayPal 20 years ago, the financial services market has been ripe for change. Here are three current reasons why: Customers comfortable with mobile connectivity want to engage with their finances […]

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