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[…]

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[…]

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![…]

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[…]

Oligarchies of Banking Technology

About 96% of today’s market is controlled by only four core banking vendors: FIS, Fiserv, Jack Henry, and D+H. The remaining 4% of the market is comprised of small, niche, and foreign vendors. Core banking software is the glue that holds banks together, “processing all deposits, payments, loans, most bank transactions and customer data.” The Read more about Oligarchies of Banking Technology[…]