According to an Experian study, the average American has $92,727 in consumer debt, which includes credit cards, auto loans, mortgages, personal and student loans. In 2021, about 28% of Americans had debt in collections on their credit report because they failed to pay their loans. Whether a lender outsources the…

The emergence of trading bots has divided the trading community into two camps. While some argue whether it is profitable or too risky to trade with bots, others enjoy the benefits and generate additional income. Bots gained wide popularity — they are used by individual investors and traders as well…

For each new product, there is a specific reason to develop an MVP: test the hypothesis and product-market fit, test product idea and gain some actionable insights from users’ feedback, and so on. …

The fintech market continues to grow, offering a variety of opportunities for new players. A multitude of software solutions covering almost every aspect of users’ financial lives are constantly emerging, yet the demand for better and more inclusive financial services is increasing ever faster. …

In our digital age, routine financial operations have migrated to online. People no longer want to wait in line for hours at a bank to get a loan when they can do it from the comfort of their couch. …

If there is any sphere that was created to confuse the customer, it’s banking or financial in general. It is historically known for complicated operations, long waiting time for many of the requests, either a credit score inquiry or loan approval, and its specific terminology. This confusion has been growing…

If we ask ourselves what value numerous FinTech companies bring to end customers, the answer will likely be speedy transactions. That’s true because nowadays the overriding argument toward the digitization of all spheres of our life is instant or near-instant access to enormous amounts of data. But do we get…

Having worked with brokerage companies for years, we know how stressful your environment can be and what challenges you have to navigate on a daily basis. Workflow management software is a tool that can make your job easier by streamlining and automating routine processes, giving you an overall view of…

Startup teams strive to deliver value and help their products grow with fewer people, limited resources, and reasonable budgets. They must concentrate on the right actions at the right time, minimizing waste. The concept of a minimum viable product (MVP) allows you to understand if customers really need the product…