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Fintech. What Does It Mean?


The world of fintech is littered with its own terminology. We explain some of the more widely used terms. Broadly speaking, fintech is a generic term used to denote either innovative financial technologies themselves or start-up companies that provide digitally enabled financial services. Pundits disagree on its origins, with some saying the term was coined by Citibank in the 1990s to talk about collaboration with third-party providers. The term is often used to specify relatively small, agile start-ups in digital finance that emerged following the 2008 global financial crisis.

The Top 5 Fintech Trends Everyone Should Be Watching In 2020 The African Exponent.


Very soon, fintech will be taking over. Everything, from buying vegetables to your latest car model online will soon be through fintech. The projection is that towards the end of 2020, the volume of financial investment in fintech will surpass 30 billion dollars. This huge investment is likely to drastically lower the time and expenses and improve service delivery from the financial sector. Although fintech technologies are surging daily, the following is a list of the top five fintech trends 2020 to watch out.

Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities

IEEE Computer

The financial technology (FinTech) sector sees high potential value in cryptocurrency blockchain protocols, or distributed-ledger technology (DLT). However, the requirements and guarantees of blockchains for cryptocurrencies do not match those of FinTech--from transaction throughput to security primitives and privacy. The author explores how blockchain research beyond Bitcoin is closing these gaps and some of the challenges that remain.

DLT and AI Top of Mind at SIFMA Fintech Conference - Delta Data


Last week, I attended SIFMA's Fintech conference in New York. I sat through panels discussing the topics of the day in financial services operations – emerging technologies, the ever-evolving regulatory landscape, you name it. Overall, it was an engaging event with interesting insights into how fintech is transforming the financial services sector. As I reflected on the event and the topics explored, it became clear that many of us face the same challenges in grappling with new technologies that promise to transform the industry. A few distributors have broken through the pilot phase of implementing distributed ledger technology (DLT) at their firms and are looking for production usage.

Blockchain to become mainstream in finance


Blockchain technology is expected to be fully adopted by the finance industry in the next 5 to 10 years according to experts. The digital ledger technology could radically shake up five sectors as it streamlines the process and opens up the market: trade finance, payments, trading, insurance and digital identity. "We will definitely move from the lab to the business model. It's time to innovate and change," Laurent Marochini head of Innovation Societe Generale Securities Services said at Fintech Connect, in London. "It will change the way we do business in the banking sector," Marochini predicts that as blockchain becomes more common in the financial services.