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.
As the financial world moves quickly online, it is becoming more exposed to a widespread global threat – cybercrime. Today security measures need to be reliable and strong to protect virtual data and assets.
The 5G generation of cellular technology is right around the corner. As countries begin to roll it out, 5G will transform the way we live and work — and this will open up fresh opportunities for retail banking.
As the coronavirus Covid-19 is spreading worldwide, financial institutions are being forced to move their customer services fully online.
Half a century ago ATMs caused a revolution in the banking industry, eliminating the need to visit a bank branch to withdraw cash or deposit a check. Multifunctional ATMs that could perform basic financial transactions such as money transfers between accounts that previously were handled by tellers debuted in 1971. They showed that banking operations could be performed without the need for a branch or operator.
