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Square Launches a New Bitcoin Business

The digital payments company Square has announced its plans to create a business with a focus on Bitcoin cryptocurrency to design decentralized financial services.  Square CEO Jack Dorsey posts about these new plans on Twitter saying that the company is “focused on building an open developer platform with the sole goal of making it easy …

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Chatbots Impact on Fintech and Banking

Within the last few years, there has been a huge shift in the banking and financial sector as financial technology has become increasingly popular. Chatbots are one of the technologies that have revolutionized customer experience in the banking world.  A chatbot is an artificial intelligence (AI) software program that simulates human conversation. Users communicate through …

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The Brief History of Fintech

Financial services and technology have teamed up over time to change the world. Where did fintech start? Where is it today? Here is a brief history each fintech period to date:   Fintech 1.0 The evolution of the telegraph, as well as transportation devices such as railroads and steamships, marks the beginning of fintech. This …

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European Digital Bank, Revolut, Has Its Eyes Set on India

United Kingdom’s online banking start-up, Revolut, plans on expansion into a new market, India. The London headquartered company announced Thursday, April 22nd that it has been in contact with the former executive for Indian start-ups Flipkart, Via.com and Lendingkart, Paroma Chatterjee, about leading its operations in its new market venture. They announced this alongside a …

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JPMorgan Chase Faces Possible Obsolescence in Fintech World

The rapidly accelerating global fintech market has shaken up the financial world tremendously and has demanded long existing financial institutions to reevaluate how they do business and the services they offer customers. The pandemic has been one of the leading causes of this rapid fintech acceleration, as many people worldwide have begun preferring to do …

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