The FinTech industry has evolved at a rapid pace over the last few years. Banking and Finance show fundamental shifts in technologies applied, thanks to mobile products' skyrocketing and machine learning (abbreviated as ML). Hence, there is more scope for startups in the industry. It was reported that FinTech startups in the United States raised more than $12 billion in funding. This numbers out-growing forecasts by 30%. And note: spending ...

In the years ahead, the banking sector is waiting for a growing fintech impact on the banking industry. "Uberization" may reduce the number of staff in the industry to 50%. Profitability in some areas of banking services will fall to more than 60%.   It was stated by the former head of one of the largest banks in the UK, Barclays Anthony Jenkins, back in 2015. He forecasted that the revolution in financial institutions ...