In the year 2020, many banks and financial institutions faced the turmoil of the COVID-19 pandemic. Consumers were now given an array of new services that were better costumed for staying at home. However, this has caused many institutions to begin using APIs to assists businesses and customers with planning their finances. Continue reading to…
The pandemic has changed the way companies and consumers interact digitally and brought many challenges to the financial world. The demand for new services that focus on banking and data storage has risen, and companies are having to evolve quickly to keep up with these changes. Continue reading to learn about the top five technology…
The pandemic has shifted the everyday lives of consumers around the world and alters the ways people choose to manage their money. With these unforeseen circumstances and uncertainty about how to effectively save money, consumers have begun to utilize digital banking and various budgeting apps as a way to better grasp their finances. Continue reading…
The technical evolution is driving the cashless revolution as tech continues to advance with multiple high-tech payment options, subsequently dwindling the need for cash. While the use of cash has not disappeared, cashless payment options are continuing to grow in popularity. Continue reading below to learn more about the cashless revolution! Our lives revolve around…
Cloud banking has become one of the largest new industries to pop up in the technology market. Financial services account for nearly 20% of global cloud usage, yet they remain secure and safe due to innovations in regulation and approach. Continue reading more below! In recent years, banks have become one of the largest adopters…
ACH is the network system that transfers funds electronically between banks. It helps to alleviate costs and processing time for electronic funds. But how long does it take? Just how effective is it? Continue reading below to learn more! You may have come across the term ACH when looking at different banking options or making…
5G is the newest cellular connection technology and allows for streamlined data connectivity and quicker, easier, and safer digital payments and banking. 5G Digital banking has never been in the spotlight as much as it is right now, with every company and institution trying to get a piece of the action. 5G digital banking is…
Biometry technologies are taking over the technology industry as a whole, but particularly e-banking. Privacy and recognition functionalities that prevent any sort of hack or override attempts are built into pretty much every cellular device and computer these days. Continue reading below to find out how the future of banking is tied to these technologies! …
IBM has been focusing more resources on the cloud technology scene at large, but now they’ve turned their eyes to the financial sector and the e-banking system. With the revolution of “portable banking”, greater bets need to be placed on the inevitable reality of banking as a whole becoming an entirely digital system. It’s only…
Banking has changed with the advent of smartphones and digital technologies. 2020 saw big banks lose members as digital banking applications and companies became more and more appetizing to the general public. Traditional banking has had to take strides to compete with all the fresh competition as digital banking has gone mainstream. Continue reading below…