The banking sector is currently undergoing a revolution fueled by technology, with advancements in artificial intelligence (AI), machine learning (ML), robo-advisors, and voice payments paving the way for a more innovative and inclusive future. As these digital technologies become more accessible, banks and financial institutions must adapt to remain competitive and relevant.
In recent years, the fintech industry has been disrupted by the emergence of micropayments. Micropayments refer to small transactions that are typically less than $5 and are processed electronically.
In recent years, robo-advisors have emerged as a popular alternative for individuals looking to invest their money.
Open banking is a system that allows banks to share customer data with third-party financial service providers through APIs.
Augmented intelligence (AuI) is a relatively new term that was coined to describe the combination of human and artificial intelligence to enhance decision-making capabilities.
Cryptography is a critical component of modern technology, providing secure communication and data storage for businesses, governments, and individuals.