The era of bankers dominating banking is over as software developers rise — and a record wave of job cuts will soon sweep the industry. That’s according to Wells Fargo & Co. analysts led by Mike Mayo, who estimated that the technology improvements and automation these developers bring will allow the industry to cut 100,000… Read more »
Posts Categorized: FinTech
‘There’s literally no limit’: NFTs could soon be used for cars, real estate: Experts
The first time most Canadians heard the term “non-fungible tokens” was likely after a recent blockbuster Christies auction for a piece of digital art. However, experts expect the technology to move far beyond the art world into everyday life — though nobody knows for sure how they will be used. NFTs — which are essentially… Read more »
Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade
Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter prospects. Instead, the 34-year-old ended up in a series of odd jobs earning the minimum wage to survive – a typical story for many young Nigerians who are just trying to get by. It was not until… Read more »
China opens door to Ant Group’s stock market debut
Chinese tech giant Ant Group was set to sell shares worth about $34.4bn (£26.5bn) before it was abruptly halted. The listings in Shanghai and Hong Kong would have been the biggest stock market debut to date. Ant Group is China’s biggest payments provider, with more than 730 million monthly users on its digital payments service… Read more »
The Complete Beginner’s Guide To FinTech Everyone Can Understand
You may have heard the relatively new term “FinTech” bandied about, but what actually is it? And why is it important for all entrepreneurs to know about and understand? FinTech stands for Financial Technologies, and in its broadest definition, that’s exactly what it is: technologies used and applied in the financial services sector, chiefly used by financial… Read more »
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