Banking is no longer just about branches, checks, and wire transfers. Over the past decade, a quiet revolution has changed the plumbing of financial services: open banking. This term describes a system where banks let consumers (and businesses) share their financial data securely with other service providers, often through standardized application programming interfaces (APIs). In…
The world of banking is undergoing a massive transformation. Gone are the days when you had to visit a branch, stand in line, or fill out endless paperwork just to open an account. Today, digital-only banks—also known as neobanks or challenger banks—are changing how we manage money. But when it comes to innovation and adoption,…
When it comes to borrowing money, one of the biggest factors borrowers consider is the interest rate. After all, the rate you pay can make a huge difference in how much your loan ultimately costs. In today’s financial landscape, you’re no longer limited to walking into a brick-and-mortar bank. Online lenders — including financial technology…
tificial Intelligence (AI) is changing the way financial institutions make decisions — especially when it comes to loan underwriting. Traditionally, human underwriters relied on credit scores, employment history, and income data to assess whether a borrower could repay a loan. But with AI-powered systems, the process is becoming faster, more data-driven, and in many cases,…
The financial landscape in Canada is undergoing a remarkable transformation. Over the last decade, the rise of Financial Technology (FinTech) lending platforms has disrupted traditional banking models and provided consumers and businesses with new ways to borrow money. From personal loans to business financing, Canadians now have access to a wider array of lending solutions…
Introduction In the last decade, Europe has been at the forefront of financial innovation, particularly in the field of open banking. Introduced under the European Union’s Revised Payment Services Directive (PSD2), open banking has fundamentally reshaped the way financial institutions and fintech companies operate. While much of the initial discussion around open banking focused on…