FinTech’s keep moving fast and breaking things. It’s a major shakedown for the incumbents who often lack what the newcomers are known for: ingenuity and openness to innovation. But what are the patterns here? What trends are emerging? Let’s take a closer look at the DACH region.
In recent years, the banking sector has become aware of the great importance of the field of business and small companies, and banks are competing to provide innovative solutions for Internet banking. As banks embed their solutions by creating their own environments via the Internet browser, and it is important to integrate this work environment with mobile applications to be effectively similar and complementary to what is available through browsers.
Systems for receivables management can put a huge load on company's servers. Additionally, you have to spend valuable hours of developers' work to implement such systems. However, it can be easier. It is worth leaving this segment of your business in the hands of specialists and move factoring to the cloud. Invoices are handled by themselves, but you still keep control over your company's finances - from anywhere in the world. See why you should enter the factoring industry and how the crisis can help you do it.
The online banking ecosystem makeover is a new dimension of digitizing relations with business customers, and a big step into the future – points out Maciej Glapa, Managing Director of Cash Management Division at the BNP Paribas Bank Polska S.A., in an expert commentary for ISBtech.
Until recently, only a few, usually the biggest players in the banking sector undertook the time-consuming and often very costly process of digitization in banking. Today, in times of a pandemic, the term digitization in banking industry is ever-present and used by virtually everybody.
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