Previously, when there was no such international account number (IBAN) for banks, there were a lot of errors and confusion during the identification of accounts of different banks in countries of multiple parts of the world. There were different standards, which became a source of errors in transactions. After the appearance of IBAN, in those […]
Traditional banks have been and will continue to exist on the market – at least three-quarters of the population still turn to them for services. But in recent years, in front of long-established traditional banks, a new competitor, fintech, has been growing. The fact that people began to massively switch to more innovative technologies is […]
You may have heard of these terms and wonder the exact meaning of SWIFT or IBAN, and the essence put in simple words. In fact, the main difference between these terms are as follows: within the European Union area SEPA is translated as “single euro payment area” allows you to make payments without limits in […]
Over the past few years, the popularity of digital wallets has increased dramatically. This phenomenon can be explained by their convenience and ease of use, their security – an ideal tool for making everyday transactions. Still, the question “what is a digital wallet?” is popular and frequently searched online. Digital transformation has knocked on the […]
Phishing is a hacking method that tricks people into extorting their sensitive information or downloading software that harms a device. This effective and simple method appeared a long time ago – one of the oldest types of cybercrime and at the same time one of the most innovative. Phishing never ceases to evolve and hackers […]
The future of financial functions directly depends on the correct combination of the latest relevant technologies and people who know how to use them – the main thing is not to lose this truth in the hurricane of decisions that appear every day. Transformation in finance will be driven by skilled professionals who are highly […]
Due to the ongoing pandemic of COVID-19, many modern businesses are in a state of complete uncertainty. The pandemic crisis vividly demonstrated and insisted on the emergence and development of digital capabilities. Now more than ever, businesses must be alert to change and be able to respond quickly, from the price of supplies to the […]
Globalization and the use of IT technologies affect how organizations conduct their business and what methods they use. IT technologies have, in one way or another, become an integral part of those organizations that have invested in them the budget to activate business growth and company scale. For digital users for business purposes, the interest […]
The epidemic is already being seen as a watershed moment in the history of banking, owing to the convergence of dynamics changing the sector. COVID-19 has prompted banks to be more proactive, to re-examine long-held beliefs, and to be more adaptable and inventive. Rather than looking back on their accomplishments, people are more prone to […]
Nowadays, marketplaces show tremendous growth, so it’s no wonder that this sphere is increasing and spreading all over the world. Marketplaces promise large benefits and if they manage to become leaders in their niche, they will quickly join the rows of companies with billion dollars revenue. Moreover, online marketplaces can be considered a phenomenon in […]