Bank of Korea Predicts Growth of FinTech Industry in South Korea

Bank of Korea Predicts Growth of FinTech Industry in South Korea

FinTech Industry In South Korea The FinTech Industry has become the talk of the town over the last few years. The surging technological influence in the Finance Industry is not only shaping the future of the major economies but also bringing in new changes to the traditional financial industries. The Western World has already experienced the massive growth of FinTech Industry and the inclination of the customers towards it. However, for the first time, one of…

Morgan Stanley Modernization Plan – Company to Invest in Fintech

Morgan Stanley Modernization Plan – Company to Invest in Fintech

Morgan Stanley Investing In Fintech Morgan Stanley has revealed the strategic plans to boost the Wealth Management Business in the world. The Investment Bank announced that it had already partnered with 10 Technology Firms that would offer service to the Wealth Management Customers for quick, smooth and immediate Financial advice. At a time, when the Financial Technology has become an integrated part of the Banking and Brokerage Services, the Investment Firms have also bitten the…

Financial Services and the Blockchain Government

Financial Services and the Blockchain Government

Blockchain Government If you have had your head buried in the sand for the last few years, you might not have noticed the massive groundswell of support, discussion, and investment, in the technology that that has been touted as the next revolution in society. Blockchain is, in layman’s terms, a data structure that allows for the creation of a digital ledger shared across a peer to peer network. Each new transaction or addition is verified…

Financial Robo-advisors Cannot Replace Humans

Financial Robo-advisors Cannot Replace Humans

Financial Robo-advisors Last year we saw the rise of numerous robo-advisors, bots, and investing robots that are considered a disruptive force within the financial industry. All the media hype aside, these tools have a long way to go before they could be considered a replacement for human-made investment decisions. The online universe is now full of robo-advisors and bots that run in the cloud or on specific websites, providing services ranging from simple investment advice…

Deciphering Fintech Through Education

Deciphering Fintech Through Education

Fintech Through Education With technology permeating all industries, few of us would feel confident utilizing financial products or services that aren’t thoroughly tech-integrated, and yet the realm of fintech is still observed warily by many. Though fintech indeed incorporates many of the cutting-edge innovations which bring finance and technology together, sometimes in scenarios considered risky, or at the very least enigmatic, much of today’s fintech provides the backbone for our financial institutions and ensures we’re…

Fintech Advancing Steadily In Coming Year

Fintech Advancing Steadily In Coming Year

Fintech Predictions for 2017 For the last decade, fintech has been developing and advancing, often in the background with little acknowledgement from most of us. But in fact, the fintech explosion has changed the way our world economies run with innovations such as mobile banking, online lending, and internet payment solutions such an integral part of most of our day to day lives it’s difficult to imagine how we coped without them. In the coming…

Is Data Becoming an Important and Possibly Expensive Form of Currency?

Is Data Becoming an Important and Possibly Expensive Form of Currency?

Data Currency When we think about currency in the world, we often go the pieces of paper money we all keep in our wallets or the numbers on the screen when we look at our bank accounts online. While this is the case for most people, anything that can hold value can be seen as a form of currency. And in the “ever-evolving” world of technology, data is quickly becoming the next important and expensive…

10 Online Savings and Wealth Management Services

10 Online Savings and Wealth Management Services

Wealth Management Services There are a lot of cloud based options for those of you wanting to save for a holiday, invest some spare cash, or plan for retirement. This is a list (in no particular order) of some of the best services for online savings or wealth management. WiseBanyan WiseBanyan was the world’s first free financial advisor with no minimum account balance, and is built on the principle that investing should be a right, not…

Financial Management Finds a Welcome Home in the Cloud

Financial Management Finds a Welcome Home in the Cloud

Cloud Based Financial Management The most cautious person in any organization is likely to be the CFO. After all, they’re the person who gets paid to ensure the company’s finances are protected from unwarranted risk. However, even the most risk-averse of CFOs are beginning to warm to the possibility of moving their firms’ financial management systems to the cloud. One thing you can say about the adoption of cloud services by businesses: It’s unconventional. After…

How Can Banks Compete With Fintech Startups?

How Can Banks Compete With Fintech Startups?

Fintech Startups The relationship between Fintech and traditional banks is a complicated one. On one hand Fintech startups have emerged through the disruption trends of the sharing economy, as a direct challenge to traditional banks and institutions. However, for banks to survive this economic and technological revolution, they will have to adopt concepts and technology that is being pioneered by Fintech startups. Some banks have adopted a pragmatic approach, rather than trying to compete they…