Curated by www.knowledgeinnovations.com – Your authoritative knowledge source mapping FinTech, Innovations, Artificial Intelligence, Blockchain, Big Data, Machine Learning
May 28, 2022
Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.
In this edition,
IMF’s Georgieva Urges Against Abandoning All Crypto After Terra’s Crash : IMF’s managing director urges the public not to shun the crypto world, saying it offers faster service, much lower costs, and more inclusion.
HyperPay, Mastercard partner to grow digital payment rails across MENA : Mastercard partners Saudi Arabia-based HyperPay to offer advanced new technologies to help businesses, governments and SMEs switch from cash-based payments to an improved, frictionless, and seamless ecosystem utilizing the innovative capabilities.
LoanSnap introduces Cloud-based portal for Mortgage business using AI : Artificial Intelligence (AI), mortgage company, LoanSnap unveils its cloud-based portal, LoanFlow, to enable verifiable NMLS licensed brokers and loan officers in the U.S. to originate mortgages.
Airtel Africa’s Smartcash PSB Launches in Select Cities in Nigeria : Airtel’s SmartCash Payment Service Bank brings digital financial services to Nigeria to improve lives of the unbanked consumers and expand the region’s digitization efforts – a “journey to revolutionize the financial services landscape in the country”.
The Consensus 2022 Experience : CoinDesk, this year, again is hosting world’s longest-running crypto and blockchain conference, Concensus to celebrate and showcase cryptocurrency -all sides of blockchain, crypto, Web 3 and the metaverse in Austin, Texas, from June 9 to 12, 2022. Concensus 2022 will ignite conversations and critical debates on how these technologies and communities are remaking the worlds of finance, investing, culture, entertainment, marketing, governance and others.
BaaS’ drive of Innovation in the Digital Payments space : As customers move to alternate providers in search of better experience and offerings, banks, given the wealth of data and customer trust they hold, are to create their own BaaS platforms. While non-bank businesses will require traditional financial institutions to provide them with the infrastructure, regulatory support as well as the utilization of APIs, financial institutions on the other hand can generate new revenue streams leveraging BaaS. Neobanks and fintech firms while providing a seamless digital banking experience, however need a bank to offer cards, lending, money transfers, and other banking services. Hence, BaaS seems to be becoming the solution to banking service needs of fintech firms and neobanks – offers an opportunity for incumbent banks to widen their offerings, while being the custodian of the customer’s interests, to enable banks enhance their reach with offerings that go beyond banking products, thereby improving their engagement with customers.
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