The Evolution of Banking

Banks are one of the oldest, and most important businesses of our industries. Banks have two important economic functions, the first being financial intermediation. The money deposited, lent or invested in banks go towards the creation of governments, households, and business enterprises. Most banks are profit-seeking corporations that make their profits by charging borrowers. This Read more about The Evolution of Banking[…]

Peer-to-Peer Lending Vs. Bank Lending

Do you need to borrow money? Traditionally, people have turned to their local bank to take out a loan for a range of commodities like a house, car, or even a luxury vacation. In the past several years, peer-to-peer lending has become popular due to the banking crisis that has affected people’s ability to borrow Read more about Peer-to-Peer Lending Vs. Bank Lending[…]

Zikher’s Usability Study

A usability study was conducted to test customer satisfaction derived from the use of digital lending platforms, particularly Zikher’s platform. Below is the methodology and key results from the study: METHODOLOGY The financial industry is embracing digitization, for it is the future of banking. As there are efforts to make the lending process completely digital, Read more about Zikher’s Usability Study[…]

What is Fintech & Its Benefits?

Fintech is reshaping the way financial services take place in the 21st century.  What is Fintech?  Investopedia defines fintech  (or financial technology) as “a portmanteau of financial technology that describes an emerging financial services sector in the 21st century.”  These services typically consist of banking activities that are in an online format that are but Read more about What is Fintech & Its Benefits?[…]

Why Collaboration Between Banks and Fintech is the Right Step Forward

A few years back, it was predicted that fintech would make banks slowly disappear. Industry professionals predicted that 40% of revenues and 60% of retail bank profits were threatened by fintech rivals. But in recent years people believe that banks and fintech can work together.  People label the age of fintech in “three waves.”  The Read more about Why Collaboration Between Banks and Fintech is the Right Step Forward[…]

Anticipated Trends in Fintech

The rapid growth of fintech continues to grow in 2017 thanks to fintech investment and technology advancements. The anticipated trends of fintech: Innovation in artificial intelligence (AI) is a significant trend in the financial services sector, with algorithmic (algo) trading handling 75 percent of global trades. AI is allowing business users to have powerful insights, Read more about Anticipated Trends in Fintech[…]

How Changing Consumer Needs Are Shaping Financial Services

Technological innovation led by fintech companies is shaping consumer expectations and demands in the financial industry. Banking customers want better service and optimized convenience when dealing with their finances, and they know technology can provide them with that. These expectations and demands are forcing banks to innovate their financial services to keep their customers satisfied. Read more about How Changing Consumer Needs Are Shaping Financial Services[…]

Will Fintech Require Regulation?

Fintech is a rapidly evolving sector that has increasingly drawn the attention of many regulators. Even though President Trump has promised to reduce regulations across the economy, it is speculated that fintech could expect to face quite the opposite trend. This industry is growing at a fast pace. A Business Insider Intelligence found that “in Read more about Will Fintech Require Regulation?[…]

Community Banks & Their Benefits

Community banks are a solution for people who are looking for full banking services in their suburbs or towns. Legally speaking, community banks keep it simple. A majority are stand-alone or is owned by a bank holding company (BHC), which is a corporation designed for the purpose of owning a bank.  Your deposit in a Read more about Community Banks & Their Benefits[…]

Zikher Will Participate in Queen City FinTech Accelerator!

Zikher Will Participate in Queen City FinTech Accelerator!  Zikher is excited to announce its participation in Queen City FinTech among a class of financial technology startups!  San Francisco, CA. Zikher was selected along with twelve other fintech startups to participate in the Queen City Fintech accelerator program in Charlotte, North Carolina. This year, the program received an Read more about Zikher Will Participate in Queen City FinTech Accelerator![…]

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