A PWC survey of the financial services sector and fintech has showed that almost 77% of financial services industry plan on adopting blockchain in some way by 2020.
The Federal Reserve is set for new leadership this year as FOMC member and future chair Jerome Powell waits for Janet Yellen to serve out her remaining days following a relatively smooth confirmation hearing.
ezbob is one such company that has flourished since the introduction of new finance laws to European markets.
Though smaller businesses have a lot of disadvantages compared to large enterprises, they can gain an advantage with these five innovative fintech trends.
UK-based ezbob is now one of the leaders of the growing LaaS (lending as a service) market. It wasn’t always like that, as the company, which was started in 2011, operated as an online lender and completed over 10,000 loans to SME with over £130 million of credit extended from its own balance sheet.
UK-based fintech company Ezbob is finding success in their collaborations with traditional lenders. Ezbob provides an automated lending platform for use by financial institutions.
Much has been said and written about the impending doom of banking, as customers begin to flock over to fintech products and services. However, the claim that fintech will kill banking is still an overstatement. Banking, as we know it, is changing because of fintech, but it would take a major event of cataclysmic proportions to do away with banking institutions.