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Revolutionizing Finance: The Power of Artificial Intelligence in Fintech

If there’s one thing paving the way for innovation in the financial sector, it’s artificial intelligence (AI). AI in finance encompasses everything from chatbot assistants to fraud detection and task automation. As AI gains popularity in banking and demands for smarter and more convenient ways to manage money increases, financial institutions are building on their existing solutions to solve increasingly complex challenges. According to Forbes, 70% of financial firms are using machine learning to perform things like cash flow predictions, [...]

2023-08-14T15:19:45+00:00FinTech, UX Trends|

How UX is Shaping the Future of FinTech

Over the past decade, there has been a huge shift of consumer preference to utilize mobile devices. This shift has impacted every industry, especially banking and financial services. In 2015, mobile banking became the number one way to bank, surpassing branches and online banking (BBA). With this rise in mobile banking—combined with the closing of traditional banks due to the pandemic—the FinTech industry has boomed. Financial services have never been more accessible to the everyday consumer, from asset management to [...]

7 Steps to transforming Your fintech ux

The FinTech evolution brought us better finance management tools, mobile payments, crowdfunding, fast loans, and peer-to-peer lending. All this was done by brilliant minds that came together, understood the significance of Design Thinking, and created services where banks and financial institutions struggled. Despite that, there are still many financial applications that are out of date. […]

13 signs it’s time to modernize your UX

As more and more customers transact business online and through applications, their expectations for a better user experience are heightened.  If your users work with comparable applications with better user experiences, they may consider abandoning your service and moving to a competitor. […]