Banks have historically developed their own solutions for the marketplace, using sophisticated information technology (IT) and development resources. “If they wanted something for the marketplace, they would create it” and would design, develop and support those solutions for their unique needs, DadeSystems President and CEO...
The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce. But, in fact, banks and FinTechs may make for the perfect marriage, as each works to...
Identity presents a challenge for consumers around the globe, according to FinTech experts at artificial intelligence (AI) biometric software companies. “There are about a billion people in the world who lack any kind of legal identity whatsoever,” Distilled Identity CEO David Shrier told PYMNTS in...
Payments can be very cyclical for clients of FinTech startups – they can be flooded Monday morning after a quiet Sunday. With that sudden rush of information, the startups need to rapidly adapt to handle that flow of information. “We need the ability to scale...
