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Getting a mortgage. Paying student loans. Paying salaries to temporary workers. Selling insurance. Starting a loyalty program with e-wallet integration. Payments and money remittance.
All these financial services - and many more - could soon only be available online.
“We've been working hard to make our clients achieve their business goals in digital banking solutions development. And we're really excited to know that our efforts are noticed by Clutch and rewarded!” — CEO, Metryus
According to experts at Forbes, fintech startups can face multiple challenges. From creating cost-effective marketing to business model issues, companies in the industry can run into many different roadblocks.
It's hard to imagine a modern mobile or web application independent of third-party services (a "third-party source" means a supplier (or service provider). Building a modern application is somewhat reminiscent of building a ship or a rocket when you design a shape, develop control mechanisms and other important functional parts, and then use third-party equipment - add engines, communication and navigation systems, etc. Similarly, to create modern and client-oriented service in digital products, we use integration with various third-party systems, for example, SMS gateway for sending messages or card provider to ensure card issuing and money transfers.
Around 200 million migrants support 800 million family members globally. Labour migration for work seeking is one of the key reasons behind international migration. And behind this trend, a huge flow of remittance lies. Is there a new field for FintTech players?
D'Artagnan: “It is too much! I cannot accept it. Athos, you take it.”
Athos: “No, for the Comte de la Fère it is too little; for Athos, too much.”
We have just signed a new deal with a customer here in the UK (hurray!) and incidentally both us and our new client got to taste how SME banking works for a start-up company. I thought that our story deserves a short review, so here it is...
At a time when many financial providers are thinking of moving into the traditional banking space, the first question they ask is “How do we build a bank?”.