5 Ways Banks Can Benefit From Blockchain Technology

Few Fintech technologies have disrupted the banking industry more than blockchain. Developed as the database platform for Bitcoin, blockchain technology has matured into a viable alternative to traditional channels of financial transactions. Once banks realized that they could either find ways to utilize blockchain technology or else they would be circumvented by it, they began exploring how blockchain solutions for banking might allow them to remain relevant.

5 Hot Trends in Trading Platforms Development

Online trading remains hot, accounting for nearly 59.3% of industry revenue. As millennials make up an increasingly large percentage of the investor market, trading platforms will need to meet their expectations, if the growth of online trading is going to continue. While trading institutions depend on competitively low price-per-trade costs and discounted monthly fees to attract customers, trends in trading platform development technology will help drive growth in this market.

2017 Trends Shaping Insurance Software Development

Revolution is a term that tech writers seem to use a lot these days. Maybe too much. And, yet, it is difficult to describe the changes taking place in the insurance and reinsurance industry without using it. Current trends in insurance software development, stricter and more dynamic regulations, and changing customer expectations are, indeed, having a revolutionary impact on the age-old industry.

E-Procurement Platforms – 5 New Development Trends to Consider

A revolution in procurement processes is quietly underway. For more than five years, electronic procurement, or e-procurement, has been a requirement for companies wanting to do business with the U.S. government. Recently, the EU has established a timeline for digitizing all phases of the procurement process within the EU. Even so, for stakeholders already in the game, and for new arrivals, trends in technology are rapidly reshaping how governments and businesses transact business with one another.

P2P (Peer to Peer) Currency Exchange Trends for Fintech Developers

Driven by the growing global marketplace and the high exchange rates of banks, Fintech startups are disrupting yet another financial service sector: P2P currency exchanges. By connecting buyers and sellers of currencies without banks handling the transactions, these fintechs are carving out a nice niche for themselves. Not only do they attract customers with their lower fees, but many also offer a greater range of options than banks ever considered.

5 New Trends in Wealth Management Software for a Fintech CTO

True to their history of leaving no financial sector unscathed, fintechs are disrupting the wealth management industry like a storm. With their hallmark technology-centric approach to market opportunities, fintechs are leveraging wealth management software to outpace incumbent investment firms. Unbridled by legacy systems and legacy ideas about how business is done, fintechs are offering customers lower fees and lower investment minimums than conventional providers, while leading the way in innovation.

7 Fintech Outsourcing Trends for a Business Developer

Seldom does the entrepreneurial developer find so much low-hanging fruit as now seen in the fintech industry. With investors providing $5.3 billion in capital to fintech startups during Q1 2016, opportunities for the innovative developer are ripe for the picking. Especially interesting is the growth of investments in fintech — 67% since the same period last year. The rapid growth and infusion of investment cash equates to growth in fintech outsourcing opportunities in several areas of technology. Let’s take a look at seven of those now trending or likely to do so in the near future.

7 Big Data Developer Opportunities in Financial Trading

In today’s world of financial trading, nothing is bigger than big data, and for good reason. For an industry whose lifeblood is data, the ability to access and analyze huge and ever changing datasets represents nothing less than the new holy grail. Investment institutions are not just big on the idea of using big data to their advantage, they are investing heavily in the technology to make it happen.

How to Identify a Competent Fintech Developer Partner

Fintech startups are having a growing and disruptive impact on the financial service industry. The first quarter of 2016 realized global investments in fintech ventures of $5.3 billion — a 67% increase since Q1 2015. With the fintech wave on the rise, new startups emerge almost daily — many with a multi-million dollar idea and the investment dollars to make it happen. The first big decision startups often face is whether to develop their wares in-house, or to outsource the development of their products or services.

Debt Management Software Means Golden Opportunities for Business

Software development is a simple affair, really. You identify a problem, and you write a software application that solves it. If you are lucky, you will be the first to solve the problem in this way. But even if others get there ahead of you, the opportunity remains for you to take ground, if the problem is big enough. And so it is with the problem of debt, and why debt management software may be ground worth taking for the innovative developer.

7 Ways Fintechs Use Machine Learning to Outsmart the Competition

It has been said that to give a man a fish is to feed him for a day, whereas to teach a man to fish is to feed him for life. Forward-looking financial service companies are similarly finding that giving computers instructions is not nearly as fruitful as teaching them to write their own. From assessing credit risks to beefing-up the security of their own networks, fintech startups, in particular, are turning to machine learning finance-based solutions in order to work smarter rather than harder.

How to Apply Biometrics in Banking Sector

The era of passwords, PINs, and security questions is drawing to a close. At least, as far as banking and other financial services are concerned. With one major institution after another reporting that their customers’ information has been compromised, and with customers growing increasingly weary of remembering security credentials, institutions are turning to biometrics to authenticate customers. The growth of biometrics in banking is not only important to banks and their customers, it should be a top consideration for any fintech startup entering the financial sector.

Peer-to-Peer Lending: Turning the Tables on Traditional Banks

Benjamin Franklin said, "Out of adversity comes opportunity." We may not know what prompted Franklin to make this observation, but, if he were alive today, he might very well be speaking of peer-to-peer (P2P) lending.