New York, New York, July 18th, 2024, Chainwire XION’s groundbreaking chain abstraction Web3 technology enables EarnOS to transform digital advertising, driving unprecedented user engagement and brand awareness for global companies. XION, the first blockchain purpose-built for mainstream adoption through chain abstraction, announced the massively successful beta launch of the EarnOS platform...
Open banking is transforming the financial landscape by fostering innovation, competition, and improved customer experiences. It involves sharing financial data through secure application programming interfaces (APIs). This practice allows third-party providers (TPPs) to access banking data with customer consent, enabling the development of new financial services and products. The concept...
The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to...
At Scientific Financial Systems (SFS), we believe that big data is the key to unlocking new opportunities and driving innovation in the financial industry. In today’s fast-paced and complex markets, the ability to gather, process, and analyze vast amounts of data is essential for making informed decisions and gaining...
Decentralised Finance (DeFi) platforms are revolutionising financial services, particularly in emerging markets where traditional banking infrastructure is lacking. These platforms leverage blockchain technology to create open, accessible, and secure financial systems that operate without the need for intermediaries like banks. As a result, DeFi is gaining traction rapidly due...
U.S.-based banking-as-a-service giant Evolve Bank & Trust has said that cybercriminals accessed the personal data of millions of customers during a recent cyberattack. In a filing with Maine’s attorney general on Monday, Evolve confirmed that the personal data of at least 7.6 million people, including more than 20,000 customers based...
Regulatory Technology, or RegTech, has emerged as a crucial ally for financial institutions navigating the intricate landscape of compliance. In 2024, advancements in RegTech are revolutionizing how firms manage regulatory requirements, leveraging innovations such as AI-driven monitoring and big data analytics to enhance efficiency and transparency. AI in Monitoring and...
Blockchain technology, which was once closely associated with cryptocurrencies such as Bitcoin, has advanced significantly beyond its initial uses. Within the financial technology sector (fintech), blockchain’s impact is profound, revolutionizing conventional financial operations. This discussion explores the multifaceted ways in which blockchain is reforming fintech, highlighting its influence on...
Joseph Phillips and William Corbera, both of whom come from entrepreneurial backgrounds, have been friends for over a decade. Corbera co-founded RevoPay, a payments processing platform that was acquired by payments solutions firm OSG in 2022. Phillips, for his part, led the national sales team at Seamless before heading up...
Scientific Financial Systems appreciates the power of Snowflake with the scalability, performance, and burstability that it offers our customers. With its recent Snowpark Container Services (SPCS) offering, Snowflake now provides even more value. The allure of SPCS lies not only in its promise of lower latency and enhanced security...