How Decentralised Finance Will Change the World’s Economy

Decentralised Finance (DeFi) will make a game-changing impact on the world in dozens of different economic dimensions. DeFi can address many of the flaws in the existing financial systems, including giving the unbanked access to the financial system. In the coming years, DeFi can offer improved transparency, more robust security while replacing many of the outdated processes. Decentralised Finance, or Open Finance, is all about creating a global, decentralised alternative to every financial service that exists today, including insurance, savings, loans, etc.

Is Blockchain Now Transitioning to a More Mundane and Useful Era?

Like the Internet, the blockchain is an open, global infrastructure upon which other technologies and applications can be built.  And like the Internet, it allows people to bypass traditional intermediaries in their dealings with each other, thereby lowering or even eliminating transaction costs. In 2019, it will start to become mundane… After the Great Crypto Bull Run of 2017 and the monumental crash of 2018, blockchain technology won’t make as much noise in 2019.  But it will become more useful.

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No longer a currency, is bitcoin the digital equivalent of gold?

In the past few years, bitcoin has become equally famous and infamous worldwide thanks to the media hype that followed its rising and falling evaluations. Yet, the most interesting changes in bitcoin run deeper than valuation swings. The more bitcoin’s popularity grew, the more its groundbreaking technological infrastructure – the blockchain – and its democratic governance became a liability. Bringing blockchains to the forefront of the ongoing digital transformation is arguably the greatest impact of the bitcoin so far.

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  • Three Powerful Trust Signals to Unlock Your Fintech Startups Growth

    Fintech startups tend to struggle when it comes to acquiring customers. One of the main reasons for this is a failure to recognize the critical role trust plays in customer acquisition. Building trust is as vital to success as the quality or usefulness of a product or service because people ONLY buy things from companies they trust. This is especially the case in fintech, where people’s livelihoods and sensitive data are involved.

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    The Impact of Crypto Currencies on Developing Countries

    Crypto currencies can have a considerable impact on developing countries, by increasing financial inclusion of individuals and companies. In particular, by reducing the transaction fees and time, cross-border payments can be improved (Scott, 2016). This is beneficial for remittance payments, peer-to-peer lending and international trade. The underlying technology also supports the fight against corruption by having a more transparent tracking system for the use of funds.Currently, crypto currencies support the growth process of the developing countries in very limited ways.

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    Cyber Minds: Expert Insights on Blockchain and Much More

    The new book “Cyber Minds” offers insights on cybersecurity perspectives and recommendations across the cloud, data, AI, blockchain and IoT.   The interviews and insights offered in this book make it an excellent choice for technology, security and business leaders to learn the latest approaches and thinking on cybersecurity on a range of hot tech topics. The insights and interviews discussing topics like blockchain and cloud computing are very insightful and different. 

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    Automated Factoring For Banks: Is Custom Software Development Worth Investment?

    Automated factoring for banks: is custom software development worth investment?

    Experts consider factoring a secured short-term financing tool, which reflects the real needs of the economy. At the same time, one can suppose that factoring automation makes it easier and less time-consuming for all parties, and can substantially increase the volume of factoring contracts. Digital factoring in banking becomes a powerful tool for banks as factors, helping to give their receivables finance business a brand-new look. Supply chain networks are working faster so automation is a matter of time. Great, if your bank is going to be next. 

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    Is There Actually a Problem with Hiring Fintech IT Talents?

    Existing financial institutions and companies are improving the technology side of their business and expanding market reach. Also millions of Fintech start-ups appear every year to offer innovative services, channels, and approaches. As a result, the request for IT talents in Fintech is increasing exponentially. However, the labor market cannot keep pace with the demand, and Fintech is experiencing a growing shortage of software engineers. This article delves deeper into the issue, and analyze its impact on the Fintech business, and determine how it can be resolved.

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    Second Line of Defense for Cybersecurity: Blockchain

    New blockchain platforms are stepping up to address security concerns in the face of recent breaches. Since these platforms are not controlled by a singular entity, they can help ease the concerns created by a spree of recent breach disclosures. Services built on top of #blockchain have the potential to inspire renewed trust due to the transparency built into the technology. The integration of smart contract development in blockchain platforms has ushered in a wider set of applications, including cybersecurity.

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    Blockchain, DLT and Crypto Assets: Trends and Predictions for the New Year 2020

    Blockchain in general provides tremendous benefits in the field of finance as it can enhance security, transparency, immutability and data privacy of transaction data. Why do organisations not fully embrace blockchain yet, as it seems? In our opinion, this is due to the high regulatory burden for financial corporations. But here, governments are changing laws to remove frictions between decades-old law frameworks and dematerialized assets and rights based on blockchain, crypto assets and Distributed ledger technology (DLT). 

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    Ten Ways AI Is Going To Improve Fintech In 2020

    AI & machine learning will improve Fintech in 2020 by increasing the accuracy and personalization of payment, lending, and insurance services while also helping to discover new borrower pools. Fintech’s traditional tech stacks weren’t designed to anticipate and act quickly on real-time market indicators and data; they are optimized for transaction speed and scale. What’s needed is a new tech stack that can flex and adapt to changing market and customer requirements in real-time.  Here are ten predictions of how AI will improve FinTech in 2020.

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    Blockchain for Organizational Culture: Part 2

    The most likely scenario of Blockchain for cultural change will be sub-organizations that leverage elements of a Decentralized Autonomous Organizations approach. The focus in this Part 2 is primarily on the cultural ramifications of a decentralized organization that can be realized through Blockchain (or rather deployed on a Blockchain) – including its governance policies, bylaws, voting, and overall operations. Even though the Blockchain revolution is in its infancy, the introduction of Smart Contracts executing on the Blockchain is a key enabler for substantive changes in organizational culture: towards autonomy, flat organizations and robust communities.  

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