Customer’s Expectations in Banking

With today’s technology, information is available at the speed of light at people’s fingertips, making nearly everyone expect more. Banking customers expect immediacy and efficiency with a touch of personalization in their financial services. Partnering with fintech companies is an easy way to meet the following customer expectations:   More Personalization: Customers want a personalized Read more about Customer’s Expectations in 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[…]

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?[…]

Credit Unions & Their Benefits

If you’re wondering what credit unions are and want to know everything about them, then you’ve come to the right place! Investopedia defines a credit union as, “a member-owned financial co-operative that is created and operated by its’ members and profits are shared amongst the owners.” Credit unions are similar to banks in the sense Read more about Credit Unions & Their Benefits[…]

Millennials vs. Traditional Banking

Millennials are looking for banks that will give them that personal touch of banking and will judge banks based on their digital capabilities. If we are going to select a bank, an institution that will be responsible for managing­­ our money, you better believe that we are going to do our research and learn everything Read more about Millennials vs. Traditional Banking[…]

Financial technology Small banking fintech banking industry Dodd-Frank Act Dodd-Frank Repeal Pros & Cons: Repeal of The Dodd-Frank Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is a financial reform legislation passed by the Obama administration to decrease risks in the country’s financial system, in response to the financial crisis of 2008. In his presidential campaign, President Donald Trump vowed to repeal Dodd-Frank, and increase bank lending. The possible reasons Read more about Financial technology Small banking fintech banking industry Dodd-Frank Act Dodd-Frank Repeal Pros & Cons: Repeal of The Dodd-Frank Act[…]

How Fintech is Emerging

FinTech is at the forefront of the technological revolution in the banking industry, reshaping the status quo. Over the last few years, fintech has gained momentum in the the banking industry by making financial services faster and more accessible for businesses and consumers. Banks will have to innovate to keep up, or be left behind. Read more about How Fintech is Emerging[…]

Creating a Bank of the Future

The financial services industry has been impacted by the increased use of technology in our everyday lives, from smartphones to even wearables. Many banks today are facing a serious challenge– banks must create a new, digital organization that has great human experience to meet the needs of the increasingly, demanding tech-savvy customers.  The bank of Read more about Creating a Bank of the Future[…]

Blockchain in Banking

Everyone is talking about the new technology in the fintech industry, blockchain. Banks are competing to harness its power, believing that it can cut costs and transform the industry. It has energized the fintech service industry on a global scale. Blockchain provides a shared digital ledger that allows instant updates for Bitcoin, Ethereum, Ripple, Eris Read more about Blockchain in Banking[…]

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