Get It Right with a Tech Formula (Part 2) — Note from Towards Data Science’s editors: While we allow independent authors to publish articles in accordance with our rules and guidelines, we do not endorse each author’s contribution. You should not rely on an author’s works without seeking professional advice. See our Reader Terms for details. AI in banking is…

Get It Right with a Tech Formula (Part 1) — Note from Towards Data Science’s editors: While we allow independent authors to publish articles in accordance with our rules and guidelines, we do not endorse each author’s contribution. You should not rely on an author’s works without seeking professional advice. See our Reader Terms for details. You’ve heard the buzz…

Name that app: What is a social network that’s growing on steroids into a strong competitor of FinTech unicorns? Hint: It’s not Facebook and it’s not WeChat. The answer is TikTok. If you’ve never considered this random challenge-generating machine as a financial industry disruptor, then you better would. It seems…

Once upon a time, all a customer expected from a bank was to store their hard-earned cash and provide some way to spend and withdraw it. Then came challenger banks and other FinTechs and showed that all things finance could be lightning fast, mobile-friendly, and affordable. Meanwhile, customers grew even more accustomed to top-notch omnichannel experiences thanks to Amazon, Uber, and other apps making once-daunting processes a one-click breeze. Gradually, most of us developed a neat digital ecosystem of products to fulfill our every need. Now FinTech apps have the opportunity to find their place in the heart of that ecosystem.

FinTech product development lessons from WeChat and Facebook Calibra Once upon a time, banks were the only way to make payments. But with the arrival of FinTech, things have changed. We now have multiple apps for settling all sorts of financial affairs straight from our phones and laptops. The variety…

Fact: Digital banking is the new business as usual for leading market players. Customers increasingly choose to settle their financial affairs through digital channels — particularly mobile apps — and innovative FinTech products rather than at old fashioned branches. Moving forward, the need for a better digital banking experience will…