Favorable Blogs

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neo banks
  • Comments Off on What are neo-banks?

What are neo-banks?

“New banks,” also known as “neo-banks” or “digital banks,” are a type of financial institution that primarily operates online or through mobile applications. These banks typically have no physical branches, which allows them to reduce overhead costs and offer their services at lower fees compared to traditional banks. What does “neo” mean at these banks?...


open banking & saas
  • Comments Off on 6 great examples of Open Banking integration in SaaS applications

6 great examples of Open Banking integration in SaaS applications

Software as a service, or SaaS, has been a growing industry, offering convenience and business-tailored utilities for all-size enterprises. Open banking is a concept where third-party providers have entry into customer banking information. Combined, SaaS and open banking is driving innovations, streamlining business operations, and leveling up customer experience aspects.  As a business owner, or...


finance industry
  • Comments Off on How AI’s data processing is reshaping the finance industry

How AI’s data processing is reshaping the finance industry

AI has been the buzzword since 2023 kicked into gear. Unlike the excitement surrounding the metaverse and decentralized finance last year, both of which have yet to show any sign of materializing, artificial intelligence has been an integral part of enterprises for quite some time. While AI’s capability holds the potential to upend any sector,...