Blog - Page 23

These days, it’s hard to imagine someone collecting their receipts to control daily spending. Saving money is an investment into a better future, but who wants to make much effort? Money-saving apps can balance it out.  Mobile solutions are always at hand to help manage spending and illustrate it with graphs and reports. On the one hand, it’s a no-brainer for...

“Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” – Chris Skinner, fintech expert and author of Digital Bank and its sequel, ValueWeb.  It’s no secret that fintech is a pioneer in adopting innovative technologies. While artificial intelligence is something alien for many industries, the market for AI in fintech...

The logistics market is dynamic and competitive. Over the past year, it has been “reformatted” not only due to the situation in the world but also because the Internet of Things has entered further into the logistics niche. According to KPMG reports, market challenges are forcing participants to find new growth points for their business and rebuild existing supply chains,...

Regulatory compliance is a challenge for financial institutions nowadays. If you’re reading this article, you probably agree, just like thousands of entrepreneurs all over the world.   Where is that compliance lifeline everyone is looking for? It lies within financial RegTech. Now we know that the RegTech market is booming: with a market size of 6.3 billion USD in 2020, it will reach 16 billion USD in 2025...

Not so long ago, artificial intelligence was a tricky invention from fiction books and movies. Today, things have taken a different turn, becoming a part of business reality. We at CHI Software are exploring AI from various perspectives, applying it in numerous domains. In this article, we look closely at AI-based decision-making. In a Gartner survey, 65 percent of respondents...

Fintech is one of the main areas of software technology used today. Banks and financial companies are actively investing money there, and the future of this market is definitely promising. It is evidenced by the growth in the number of fintech startups: from 2018 to 2020, 72 percent (from 12,000 to almost 21,000). Large-scale transformations concern, first of all, mobile solutions in...