Fintech

Covid-19 pandemic has fundamentally affected the development of many online and offline businesses and healthcare has become an area of massive interest. Experts believe that embedded finance platforms for healthcare

BNPL market is now growing by leaps and bounds and investors keep showing that they are really interested in it. According to Grand View Research , by 2028 market size is

The year 2021 gone by and speeded up the processes that many companies were trying to implement before and also shed light on some new challenges and opportunities. We have

Amid rapid economic growth of fintech industry which we have witnessed for the last few years, strong and reliable partners make this growth even more sustainable and significant.

The past decade has seen a series of technological breakthroughs which opened many opportunities for the fintech industry and took it to new heights. The Covid-19 pandemic has had a

In times of crisis, when the markets drop, one of the key goals of any company is to maintain long-term and time-tested partnerships. This is especially important when the crisis affects a huge number of areas, industries, countries and macroregions, when the usual models and rules suddenly stop working, and there is a minimum of time to build new ones.

Today, when technology is developing rapidly, and people are more and more immersed in the world of mobile devices, there is more and more talk that traditional service providers, especially financial ones, will give way to young and more mobile fintech companies (online lenders and neo-banks). In addition to fintech companies that have already become part of the financial services world, we should not forget about large Internet companies, both global (Google, Amazon, Facebook and Apple, so-called GAFA), and local, which have a large share in each separately selected country or group of neighbouring countries, for which financial services are not the main and significant source of revenue. These companies have accumulated a huge client base and an array of information for each client, and they already offer various financial services that were previously considered traditionally banking.

In our article about banks and financial companies development strategy we touched the subject of business growth speed and innovation adoption speed. Today we will continue this conversation and consider from a different angle: we will discuss the differences between banks and fintech companies in terms of operational management, and also how this affects product development process and effect for the customer.