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Over the past few years, fintech has disrupted traditional financial services by putting customers first. According to a PwC report, 53 percent of financial institutions see themselves as customer-centric compared to more than 80 percent of fintech companies. As one global banking executive says, “We thought we know our customers, but fintechs really know our customers.” Emphasizing a seamless customer experience is growing even more important as services become more automated and individualized. Here are a handful of...

A lot has changed in the short amount of time since the day the United Kingdom formally severed ties with the rest of the European Union. We affectionately remember this day, June 23, 2016, as Brexit. The decision of Brexit by UK diplomats has been called into question by fintech experts around the world, especially given that London’s hard won status as the fintech hub of Europe has come under threat.   The Financial Hub of Europe...

The premier fintech event of the year, FinovateFall promises to showcase some of the greatest new tech for financial services! If you can make it out to the Midtown Hilton this year, look out for the following themes and businesses gearing up to disrupt the industry as we know it. 1. Better Business with Smarter Data As businesses (startup and enterprise) move toward a more Agile process structure, data-driven decision making has taken center stage. Getting good, accurate...

Goldman Sachs is changing the traditional banking industry reliant on bank tellers and in-person service. The bank recently launched GS Bank, an online bank that promises a 1.05% APY and requires a minimum deposit of only $1. For a bank with a reputation for wealthy clientele, this shift might have come as a surprising change within its private wealth management arm. GS Bank is an FDIC insured savings bank that evolved from the acquisition of GE...

Within the last decade, droves of customers have turned to technology to simplify their daily activity. With the touch of a screen, a ride across town is at their disposal with Uber. Consumers can book an overnight room with Airbnb. One swipe right on Tinder and a relationship can blossom. While financial service companies can also use modern tech to improve their customer experience, too many don’t. Optimizing the user experience around financial services is among the...

Monetary interactions once meant face-to-face meetings where cash exchanged hands. The financial services industry has since undergone innumerable transformations. With Finovate Europe right around the corner, let's take a moment to consider the advances and trends poised to happen in FinTech over the next 12 months. Reintegration of the Human Factor Past years have seen financial services trending toward a more digital implementation.  From online banking to mobile payments, companies have catered to the demand for faster and...

Still reeling from the end of FinTech Week (September 14th - 18th), the plethora of new technology disrupting the space is enough to leave anyone in awe of the industry’s newest innovators.  FinTech, or Financial Technology, refers to a section of the financial industry dedicated to technological disruption.  These are the innovators and game changers of finance.  Here are seven fintech companies with inspiring products, people, or recent growth - and the ones we will likely...