Creating a Better Digital User Experience Through Digital Lending

Financial institutions have seen a rapid increase of digital lending. Fintech solutions, or “disruptors” have caused major impacts in the market. This is due to the following statistics (Corporate One reference): 59% of payments are now done online or on mobile devices Desktop use is down 20%, mobile use is up 30%, 50% of consumers Read more about Creating a Better Digital User Experience Through Digital Lending[…]

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[…]

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[…]

Ethical Banking

Ethical banking is defined as a banking system that embraces socially and environmentally conscious practices. It is a broad concept that can encompass anything, from providing financial aid to an environmentally-friendly company to participating in a charity event for housing. Banks try to practice ethical banking while simultaneously making profits, which is their top priority. Read more about Ethical Banking[…]

Financial Data Security

According to Info Security Magazine, “About 83% of consumers believe their banks are secure from cyber attack and trust it with their money and most sensitive data too.” It is interesting that the majority of consumers have this level of trust with their banks, as just one in five banking executives are highly confident in Read more about Financial Data Security[…]

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[…]

Advantages of Mobility in Banking

Advantages of Mobility in Banking include: Customers can perform transactions securely on mobile and web apps, and multiple security checks are in place. Banks can effectively advertise their financial products and tools to their customers. Employees in banking have upgraded their working process with smartphones and tablets. Banks can sync up with app development companies Read more about Advantages of Mobility in Banking[…]

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[…]

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?[…]

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