Blog about FinTech

Key Takeaways Banking legacy software modernization is a staged program across core, integrations, data, and infrastructure, not a single replacement event. The pressure is both financial and regulatory: banks spend up to 70% of their IT budgets on legacy systems maintenance, and DORA has required ICT resilience since January 2025. Five approaches (API wrapping, replatforming, refactoring, sidecar, full core replacement)...

In 2025, PayPal reported a consistent year-to-year 10% growth in P2P and other consumer total payment volume. The company followed up on the insight and introduced PayPal links, which allow users to send and receive money via a personalized, one-time link that can be shared in any conversation. In our experience, such technologies that make transactions seamless and instant often...

45.3% of respondents use digital tools to manage their finances, according to a recent AcademyBank survey. In another study, 60% of respondents cite feature gaps in their main finance app, and 80% feel at least occasional frustration. The numbers show a positive competitive environment for FinTech businesses: demand for personal finance apps is present, and chances to gain a competitive...

The global macroeconomy continues to face headwinds; high interest rates and inflation pressure make traditional bank lending more restrictive. The 2025 bank lending survey shows that credit standards are tightening for the first quarter of 2026 and onward. However, a more agile and accessible alternative continues to gain traction. The peer-to-peer lending market is expanding at a CAGR of 25.73%...

It's no surprise that banking app development is becoming a necessity today. Just think about it: the UK’s penetration rate of online banking was 98.41% in 2023, followed by Norway, Iceland, and Denmark. It’s clear that financial services have been steadily changing, and so have  customers’ habits and preferences. Financial organizations need to keep with current trends to stay competitive....

You’ve seen it yourself – technologies transform literally every industry, changing markets and customer expectations. What do banks and FIs have to do in such circumstances? They surely need to keep up with innovations.  Let’s look at the numbers. According to PwS, 81% of banking CEOs have concerns about the speed of tech changes. At the same time, workflow optimization, pandemic trends, and high security...