Nowadays, blockchain technology is utilized across various industries. So what about the banking sector? How are blockchains currently used in fintech, and how will blockchain technology advance the industry?
The world of e-commerce is constantly strengthening its security systems, developing ever more reliable and modern methods to prevent fraud. Thus, the updated 3-D Secure 2.3 authentication protocol now is guarding personal data and online transactions.
Two hundred years ago Charles Darwin said: “It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.” The capability to build own internal processes to quickly and correctly integrate new functionality into existing software is the key to successfully adapting to the ever-evolving financial sector.
November 2022 is the official go-live date for global banks migrating from SWIFT MT financial messaging to ISO 20022. The final deadline for this adoption is November 2025.
12 years ago, the first and most famous cryptocurrency burst onto the scene — Bitcoin. Since then, more than 2,000 types of crypto coins have been registered on the market, and new cryptos are constantly appearing on the market.
Because of the stay-at-home orders and social distancing of the past year, the COVID-19 pandemic brought about accelerated digital transformations across different industries, including finance. With customers now looking for accessible solutions for their banking needs, banks used this time to strengthen their virtual infrastructures and embrace significant growth opportunities. Here are a few financial technology trends that have come about as a result of the COVID-19 pandemic.
When developing new products or expanding existing capabilities, it’s necessary to test the novation and immutability of the previously existing functionality. Reliable tools for functional, integration, regression and performance testing are essential. The SOLAR Testing Toolkit is the perfect solution.
Internet connectivity is powerfully pushing back the limits of our reality – smart systems and environments fit smoothly into our daily routines, responding dynamically to behavior and anticipating needs through a knowledge of user preferences.
Convenience, the quality of financial products and customer support, and the resulting user satisfaction with a bank’s services directly depends on how well the bank’s internal business processes are organized.
Banking on the go through smartphones is now popular and easy-to-do. Users can choose a gadget from hundreds of models available on the market. However, smartphones are not the only smart appliance supporting digital payments today.
