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The move toward FinTech has been gradually happening for many years, driven by the high costs of systems maintenance, slow delivery of new functionality, the high salaries and high turnover of developers and specialists, and increased demand for real-time solutions. Take a look at one of the key strategies behind FinTech solutions and innovations—API.

Where you sit in the investment hierarchy generally dictates what access you have to types investments and what your risk appetite may be. This is also true for the different investment vehicles in the FinTech investor landscape. FinTech CEOs need to know their potential investors very well and select the best ones in terms of capital, business growth opportunities, and long-term exit opportunities.

Blockchain is one of the tools that FinTech uses in transforming and redesigning banking business processes. Blockchain offers a decentralized data structure with an immutable source of truth that is traceable, tractable, and auditable across the complete history of a transaction or an event. Through automation, it minimizes the potential of human error or malicious activities while reducing costs.

Technology in general is constantly developing, and a number of new technologies are being applied to the financial services arena. This article highlights some of those new technologies and how FinTech firms are putting them to work. © Prostock Studio/Shutterstock.com Authentication methods Biological authentication (biometrics) is the future of authentication, with authentication methods such as facial recognition, voice recognition, retina scans, and fingerprint scans becoming ever more accurate and widely deployed: In particular, voice biometrics represents a major step forward in eliminating passwords and making authentication more reliable and expedient for the client.

The process of selecting and implementing the best cloud services for a financial institution can be quite complex and may require specialized education or experience. FinTech companies can be of great assistance to businesses trying to develop long-term cloud and technology strategies.FinTech companies are generally well versed in the complexities of infrastructure analysis, banking and financial industry regulations, and legacy systems.

To buy or to build new FinTech technology is a thorny issue not without its adamant stakeholders and points of view. However, the mystery behind the problem can be resolved by asking some key questions about your situation, which we address in this article. © Rawpixel.com/Shutterstock.com Whichever choice you make, success is driven by thorough planning and clear communication.

In this article, we look at some business types in more detail to see how traditional financial firms are being shaken up — and improved — by FinTech disruptions. © wutzkohphoto/Shutterstock.comWhat is FinTech? FinTech is an overarching term for the combination of finance and technology. However, within FinTech, many subcategories apply to specific sectors of the financial world.

FinTech companies are businesses that leverage new technology to create better financial services for both consumers and businesses. Of course, that begs another question: What is financial technology? We define it as all parts of technology that help provide financial services and products to customers. Those customers can be individuals, companies, or governments.

If you’re going to use open source in your organization, it’s critical to have a well-thought-out plan for doing so. There are many moving parts and many factors to consider when developing an open source strategy. This article summarizes some of the factors that may make a difference in how you want to proceed.