Yuliia Melnik

The latest reports show that every week more than 25 percent of people make purchases via mobile devices. Most transactions are done through the merchant's applications. For this reason, global mobile payment incomes crossed US$1 trillion in 2019.   Millennials who have grown up in the universe of gadgets are rapidly changing fintech. People worldwide are moving away from “physical” payments to digital tools, among which wallet applications (e-wallets) are of particular interest. They are useful for both sides of the deal...

One of the critical decisions a company makes about a product is its price. Nowadays, merchants require sophisticated pricing strategies to succeed in a highly competitive marketplace and satisfy all consumers' needs. Businesses face two key challenges: optimizing prices and managing income in a constantly changing environment. So, companies use a strategy called dynamic pricing to solve them simultaneously.   The method's efficiency can be noticeably increased with artificial intelligence (AI)...

In the face of digitalization and the pandemic’s impact on business workflows, the investment industry’s focus has shifted to online platforms. They allow wealth to grow, and customers understand it. In Australia alone, the investment platform market was US$680 billion in the first half of 2020, with positive growth of 8 percent in the quarter.   This trend is global and clear for fintech companies and startups. Today, competing platforms...

Machine learning in self-driving cars is the way to use technology, whose scope of the application shows rapid expansion recently. Autonomous vehicles (also known as AV) are a "new black" in the world of navigation, long-distance trucking, and industrial and logistic automation as a whole. According to Globe Newswire, the global machine learning market is going to grow at a CAGR of around...

The FinTech industry has evolved at a rapid pace over the last few years. Banking and Finance show fundamental shifts in technologies applied, thanks to mobile products' skyrocketing and machine learning (abbreviated as ML). Hence, there is more scope for startups in the industry. It was reported that FinTech startups in the United States raised more than $12 billion in...

In the years ahead, the banking sector is waiting for a growing fintech impact on the banking industry. "Uberization" may reduce the number of staff in the industry to 50%. Profitability in some areas of banking services will fall to more than 60%.   It was stated by the former head of one of the largest banks in the UK, Barclays Anthony Jenkins,...