Read our articles and get the valuable insights from the experts of the FinTech industry.
In a few years, banking will look much different than it does today. Here are four trends to expect in 2023. First, mobile banking will continue to grow in popularity. In fact, many banks might eventually move entirely to a digital-only platform.
Cleaning data from payment transactions was initially an painstaking manual task. Seven years ago, we were learning to understand data, googling and searching the web for data. We started with a few thousand enriched transactions a month, but gradually we algorithmized the manual work and built our data engine. Today, we process thousands of times more transactions with a huge degree of automation.
As we at SME Banking Club discuss topics connected with the digitalization of SME banking on an everyday basis – during our webinars, publications on the websites, and interviews, in this article, I summarized the main subjects leading banks in the CEE region are thinking about right now.
Rising inflation, economic recession, rising prices of absolutely everything… The times are not exactly conducive to splurging, quite the contrary.
The topic of global warming, long-term sustainability and overall respect for planet Earth has been discussed for decades, across human activities and industries. Today, there is little doubt that climate change poses a real and significant political and economic risk to humanity.
We all use data enrichment every day, often without realising it. Google’s autocomplete feature, for instance, relies on data enrichment to provide users with a more intelligent search experience.
Data is the most valuable commodity of the 21st century, and its importance is growing every day across industries. Finance and payments are good examples of this. Find out what the new Mastercard Mandate means for banks and fintech
Data is the key to understanding the customer and the long-term success of any business, so it’s no wonder it’s a sought-after commodity. Accurate and detailed data not only unlocks the door to further business growth, but also to increasing customer satisfaction.
The restriction of free movement, retail sale and other services has had a strong economic impact. Tech solutions are one of very few options which will allow us to return to a (new) normal way of life soon and help us prepare for the potential second wave of coronavirus.
It is safe to say that personalization stopped being an option and became the new necessity to every business and not just to those in the financial sector. The advancement of technology, development of analytical tools and change of consumers’ perception of digital channels are creating endless options for banks to take a hold of personalization and utilize it to the benefit of everyone.
We have previously emphasized the importance of powerful UX and how TapiX can help you elevate the customer experience. Let’s look more closely on the principles that change the thinking of financial institutions from product‑centered to user‑centered. Let’s break down the key elements of TapiX.
Moderated by Šimon Kočí, the Head of Partnerships at TapiX, the round-table discussion aimed to identify the challenges and opportunities in design of financial services.
We decided to provide our insights into the power of strictly MCC-based categorization and its limits. Categorization is important for credit risk scoring and it is the basis for Personal Finance Management tools.
When we analyzed our categorization with MCCs, we saw that only 53% of transactions could be easily and reliably categorized based on their MCC code. Let’s have a look at the most frequent problems we identified that make MCC usage more difficult than it may seem at the first glance.