Future FinTech Announces Headquarters Relocation to Beijing

 Technology is fast disrupting the entire business value chain in the banking services space reshaping the role, models, and competitive environment for financial institutions and the markets.

So MYTECHMAG brings to you "Top Banking Tech Solution Companies" with emerging technology trends and services.

Our skilled and trained developers at Appdupe will take care of the complete Fin|Tech app development process and help you become a crucial contributor to the finance industry.

Revolutionize the market with a cutting-edge app and yield high profit.

Reach out to us now. 

eTHIC Audit Automation provides customizable solutions that save time, effort, & resources which helps banks to direct these energies into more productive activities.To know more please visit : https://ncssoft.in/risk-audit-management/NCSSoft is a product development company primarily focused on developing products for financial sector.

Completing a decade of delivering comprehensive solutions for Banking and media industries, NCSSoft is the preferred Auditing solution provider for top financial institutions across India.

With a user base exceeding 1 lac, we are poised to become a global leader in the Auditing and Compliance space.

The financial technology (fintech) revolution is quickly spreading worldwide, altering the global financial dynamics.

The spectacular growth in the usage of smartphones has only catalyzed the adoption of digital tools for fintech platform solutions.

Here are 5 ways in which fintech is transforming the banking and financial services landscape-  Enhanced customer experience powered by omnichannel presence: Fintech platforms enable banks with powerful banking capabilities for better customer engagement across different channels and deliver a hyper-personalized experience, enhance customer value, and seamlessly transition to the digital age.

Digital handshake with cloud AI: Banks are offering a unique customer experience centered on personalization, speed, relevance, and seamless delivery, such as AI-enabled Chatbots to manage customer queries faster and save time.

With RPA being applied, the KYC process is made much faster, and customer data can be analyzed and verified within moments with very little room for inaccuracies.

Digital currencies using Blockchain technology: Customers have benefited from cryptocurrencies for moving money, lowering expenses, and saving time since blockchain provides a reliable trading platform with improved transparency.

The recent wave of digitization in the banking industry – more specifically in payments – and the use of access and network technologies have created various opportunities for new entrants such as FinTechs and challenger banks to claim some market share, but also for established banks to reconsider their market position and rethink their value proposition to their customers.You might have seen a huge difference in the banking industry in recent years.

This helps in allowing for the development of the applications and programs with the help of which financial lives can be managed better.Fintechs and APIs: OverviewBy Fintech we simply mean those companies which make use of tech to provide financial services to customers.

APIs can be used by firms internally, to integrate diverse systems and allow for the exchange of data across different departments by performing API “calls” or sending queries to an API server.This systematic way of sharing data can make it easier for internal teams to collaborate and access information when and how they need it, thus helping to interconnect services and business processes across the organization as well as improve employee productivity and even create better omnichannel experiences for customers.In addition to having a variety of different uses, APIs provide numerous benefits to the fintech companies that use them.Banks can no longer close their eyes to the necessary digital transformation.

Therefore, it is worth making the transition to the platform bank, as it enables the transition to an API ecosystem that allows the use of current technologies without replacing legacy systems.Image sourceOpen banking via an application programming interface (API) is an integral component of the future of banking.

The performance of APIs can increase when criteria such as programming methods and programming languages and/or environments are selected appropriately.

The applications are often built on application programming interfaces (APIs) based on web technologies such as HTTP (HyperText Transfer Protocol), REST (Representational State Transfer), SOAP (Simple Object Access Protocol), and JSON (JavaScript Object Notation), which can be used for other operations.This feature enables the development of increasingly complex third-party applications, which repeatedly use existing content and services.