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Nine years ago, the New York Times announced the beginning of the “Age of Big Data.” Since then, Big Data, from a vague and rather senseless concept, has turned into one of the most important tools for businesses.

The potential of the advertising market is huge. Total spendings on advertising are expected to reach $630 billion in 2025. However, high ROAS is no longer possible without advertising technologies (AdTech).

FinTech ecosystem is now worth more than $226.7 billion. Driven by changes in customer needs, it experiences fierce competition. Yet, fighting your rivals isn’t necessarily the best strategy. Experts agree that partnering with other institutions can solidify your market position and benefit all parties.

As governments around the world are raising the regulatory pressure, compliance becomes one of the main challenges for FinTech startups. So what are the FinTech compliance regulations around the world and how can you use them to your advantage?

One of the first questions that people who want to develop a financial solution ask is “How much does it cost to build a fintech app?”. Although the request that can involve anything from creating a simple personal finance app to a feature-rich investment solution, everybody need to know the numbers. 

Financial technology is one of the fastest-growing markets with hundreds of startups fighting for a $324 billion prize. But with so many opportunities to choose from, which one shows the most promise for a FinTech startup?

Sixty years ago, the success of the bank could be measured by the size of the chandelier and the height of the ceiling in its headquarters. Now, a bank doesn’t even have to have a branch to thrive. What matters more is the kind of experience its customers get online.

This might come as a surprise, but FinTech is among the top industries that outsource despite high security and compliance requirements. After all, FinTech development outsourcing promises large cost savings amidst the recession fears. It also gives access to the talent and expertise needed to deliver a truly outstanding product.

MindK has seen firsthand the rise of FinTech. Back in 2012, when we first implemented PayPal in one of our apps, nobody knew what to call the tech that was quickly changing the way we interact with money. From 2015 to 2019, FinTech adoption was doubling every 2 years. Now 96% of consumers know at least one FinTech service and ¾ of them have used one before.

When was the last time you got annoyed with how a particular financial institution works, or why it lacks a specific solution or service? If often, then you are not alone. Most people become extremely demanding as modern technology gets us used to speed, accessibility, and convenience. 

5 years ago, the US saw its first real estate transaction recorded on blockchain. The deal came as a part of a pilot program from Propy, a California-based property marketplace. Blockchain helps the company document every step of a transaction, from the showing of initial interest to inking the deal and transferring ownership rights.

The transition to online reshaped the Fintech industry and gave a huge lift to innovations. Banking became more business-oriented, payment cards gave way to mobile apps, transactions became more “invisible” – and that’s just a small part of how the FinTech industry is evolving.