FINTECH REVOLUTION: HOW DISRUPTIVE TECHNOLOGY DRIVE INNOVATION

WHAT IS FINTECH?

  1. Engagement with the customers on a personal level
  2. Owing to data collections, businesses have a lot of new channels for communication with their customers using a more personal approach rather than a mass one. This way, clients receive better services, better experience, and, hence, a certain type of loyalty is established.
  3. Data analytics and AI
  4. Financial institutions and agencies are having new horizons opened through the technologies that help them to cut expenses, increase their revenues and boost the overall performance via applying Robo-advisors and chatbots to communicate with their clients or attracting the new ones.
  5. For many fintech companies who have to deal with the client’s data, and, more importantly, to get the consent from the clients to exploit these data is under the strict attention of the national governments. Not so long ago, businesses around Europe have been introduced to the General Data Protection Regulation (GDPR) which requires the organizations and service providers to address the data governance with thorough scrutiny to be fully compatible with the aforementioned regulation. Hence, companies that collect the data have to transform to open and transparent data management models to gain the user’s trust and become or remain a powerful market player.

DISRUPTIVE TECHNOLOGY THAT TRANSFORMS THE GLOBAL FINANCIAL MARKETS

  • 27 payments and transactions companies,
  • 19 wealth companies,
  • 17 insurance companies,
  • 15 lending companies,
  • 13 companies that operate across multiple fintech parts
  • 9 neo/challenger banks.

CHALLENGES THE FINTECH SECTOR ENCOUNTERS & THEIR SOLUTIONS

THE SKILLSET MISMATCH

GOVERNING AND REGULATIONS

SECURITY

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Agiliway

Agiliway

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Custom software development company offering a wide range of IT Consulting, Web and Mobile development, Quality Management, BI and BigData services.