Tag Archives: BigTech

With the rise of new payment solutions such as Apple Card and Amazon Go, we are seeing a disintermediating (or de-coupling) or the traditional banking industry from the business of …

Facebook has introduced Facebook Pay, a unified online payment system for Facebook, Instagram, Messenger and WhatsApp. Facebook Pay is designed to simplify transactions made through the sites while also ensuring …

Ever since the financial crisis of 2008, the vast majority of financial institutions have sought to deliver profitability through cost cutting and efficiency measures. While these strategies have worked to …

Although there have been a myriad of changes in the banking sector that have made banking processes faster, easier and more convenient, the basic concepts behind them remain largely unchanged. …

Money20/20 was held earlier this year in Las Vegas. Here are 5 key takeaways from the event: The distinguishing lines between merchants and FinTechs continue to blur –  Uber created …

The European Commission has launched an antitrust investigation against Amazon that could result in USD 23 billion in fines. The investigation stems from the fact that Amazon is itself a …

As the wealth management industry evolves, wealth management firms must reinvent themselves and take advantages of cutting-edge technologies to enhance consumer experiences and provide greater personalization. Here are five key …

BigTechs have been rapidly moving to offer a wide range of financial services. But the role of BigTechs in the financial sector raises numerous issues as BigTechs are not regulated …

In 2019, FinTech is not a new concept, with most people having at least some understanding of it. But this is not the case for TechFin. What is it? And …

Today’s consumers want the same level of experiences they get from financial institutions as they get from BigTechs like Amazon and Google. The reality, however, is that most financial institutions …

Over the past few years, there has been much made of the FinTech boom and how tech- and financially-focused companies were invading the financial sector from seemingly every corner. A …

BigTechs – with their size, brand recognition, distribution capabilities and technology – are already active in the financial services industry and have sufficient motivation to enter the asset management industry. …

Digital-centric companies like Amazon and Uber have raised consumer expectations regarding the experiences companies provide. These expectations are even being placed on financial institutions. Here are 4 lessons the financial …

While most companies turn to BigTechs for ways to make work easier (e.g. with software and apps), they can also teach all industries other valuable lessons about how to do …

At EBAday 2019, a group of panelists discussed the likely future of instant payments in a world of open banking. The group noted that major progress is already being made …

Facebook has announced a plan to launch its own cryptocurrency (Libra) next year. In fact, what they may be doing in launching Libra is actually creating a new financial system …

With Apple Inc. starting the rollout of its brand-new Apple Card and its availability expected to reach more than 40 countries by the end of the year, we wanted to …

U.S. banks are projected to lose as much as USD 43 billion in revenue if mobile payment apps become as popular in the U.S. as they are in China. This …

At a meeting of the financial heads of G20 countries in Southwestern Japan, a discussion was held on developing a new tax system for large internet companies such as Google …

On the surface it may seem the China’s WeChat is a social network like Facebook or WhatsApp. But with more than a billion users and a plethora of functions, it …