Fintech and its challenge for banking sector

FinTech and cloud in banking

The use of technologies in financial services is not new. Financial institutions have, for a long time, been implementing technological solutions to support the provision of services to their customers and to ensure compliance with their regulatory obligations. They have also long relied on outsourcing arrangements with external service providers for the provision of technological solutions. Ho...

Fintech – The digital (r)evolution in the financial sector: Algorithm-based banking with the human touch

Click here for part 2 of the report Internet firms throwing down the gauntlet to the banking world. In sections of the financial industry there are many weband data-based financial products and services that customers cannot obtain from either their bank or a similar provider. This gives rise to a new competitive environment. Non-bank, primarily technology-driven providers are entering the mark...

Data Mining Techniques and its Applications in Banking Sector

Data mining is becoming strategically important area for many business organizations including banking sector. It is a process of analyzing the data from various perspectives and summarizing it into valuable information. Data mining assists the banks to look for hidden pattern in a group and discover unknown relationship in the data. Today, customers have so many opinions with regard to where t...

The sustainable growth of china's economy and its banking sector

A Model for relationship management with fintech and financial startups in banking industry

Todays, with the growth of competition in the banking industry, on the one hand, and the development and change of customer needs on the other hand, banks have been continuously seeking to provide modern banking services and to exploit new technologies. One of the new technologies that we have seen in the past few years in the banking industry is the Fintech and financial startups that have bro...