Category Archives: Financial

  • The Best Tools to Maximize Sales Revenue from Your Existing Leads

    What tools can help automate your email outreach, find more qualified leads (like decision makers in R&D) and lead to increased sales revenue? Numerous products have been developed to increase productivity at every stage of the sales cycle. Depending on the stage of the sales cycle, there are applications and products to ... READ MORE

    By: Sofiane Boukhalfa
  • PreScouter Journal 2017 Roundup & 10 Most Read Articles

    It has been quite a year for the PreScouter Journal. Thanks to our great team and valued readers, the journal received 3 unique awards in 2017: PreScouter Journal named one of the Top 50 Innovation Websites and Blogs for Innovators & Inventors. PreScouter Journal named one of the ... READ MORE

    By: PreScouter Journal
  • PreScouter Case Study: Late-Stage Technologies that Minimize Financial Risk

    The following is a case study report of the work that was carried out by PreScouter for a client in the insurance industry. About the client: The Client's organization specializes in personal and commercial property and casualty insurance. The Client was interested in supplementing standard insurance offerings with interactive tools that could allow customers to take a proactive role in evaluating, preventi .. ... READ MORE

    By: Sofiane Boukhalfa
  • What are the disadvantages of cryptocurrencies?

    Much time has been spent lauding blockchain and cryptocurrencies in this series.  However, cryptocurrencies suffer from several drawbacks that have led many (such as famed investor Warrant Buffet) to refer to them as a the next “bubble”. As such, it is important to identify and to understand the drawbacks and obstacles that may refrain mainstrea .. ... READ MORE

    By: Sofiane Boukhalfa
  • What is the next generation of cryptocurrencies?

    Today’s major cryptocurrencies have finally entered the mainstream. BitCoin, Ethereum, LiteCoin, and many others are creating a vibrant ecosystem of cryptocurrencies. As the space continues to evolve, innovative players are tailoring their approach to differentiate themselves from competitors and gain momentum and acceptance. The strategies these players have adopt .. ... READ MORE

    By: Sofiane Boukhalfa
  • What are the top 5 cryptocurrencies and blockchain-enabled technologies on the market?

    An exploration of cryptocurrencies and the blockchain technology would not be complete without looking at the various players currently operating within this diverse market. Ranging from cryptocurrencies to payment and digital platforms, the possibilities are var .. ... READ MORE

    By: Sofiane Boukhalfa
  • Cryptocurrencies, the Fintech Sector and Millennials

    The potential impact of cryptocurrencies on the financial sector is immense. This technology is designed to be decentralized, with various "layers" cooperating to create a platform on top of which one can build products and services. Currently, the two most widely adopted cryptocurrencies are Bitcoin and Ether (the currency that is used to power the Ethe .. ... READ MORE

    By: Sofiane Boukhalfa
  • An Introduction to Cryptocurrencies

    In the next series of articles, I will be focusing on cryptocurrencies, an emerging type of currency enabled by an emerging technology called blockchain that is set to revolutionize the financial sector. What Is a Cryptocurrency? According to Crypto Currency facts, .. ... READ MORE

    By: Sofiane Boukhalfa
  • Bitcoin Fork Pushes Bitcoin to All-Time High

    On August 1st, at 18:24:41 UTC, the blockchain for bitcoin “forked” into two cryptocurrencies – bitcoin and bitcoin cash. Bitcoin cash (BCC) is a completely new cryptocurrency available to those who have already held bitcoins. BCC is aimed at replacing cash and facilitating transactions with merchants globally. The “fork” created a duplicate version of the existing bitcoin blockchain based on the previous transac .. ... READ MORE

    By: Sofiane Boukhalfa
  • FinTech: Focus on China in 2017

    China has quickly become a powerhouse in FinTech, thanks to its strong technological and digital infrastructure. “China now is a leader in terms of fintech development and we hope to bring its technologies to global markets,” said Victor Chu, CEO at First Eastern Investments, “Searching for new technology, traditionally, we came to the US, Japan and Europe, .. ... READ MORE

    By: Sofiane Boukhalfa
  • FinTech and Banking Industry Dynamics Set to Shift to Acquisitions

    Last week, the FinTech firm Worldpay was acquired by US firm Vantiv for $10 billion. The acquisition is the result of a multi-party bid that saw interest from the likes of banking giant JP Morgan Chase. ... READ MORE

    By: Sofiane Boukhalfa
  • Going From Transactional to Transformational: The Growth Mindset of Capital One

    Banks are changing the way that consumers bank by investing in Fintech. One bank that’s taking the lead in innovation is Capital One. In a recent lecture that PreScouter attended at the Chicago tech conference, Techweek, the Chicago VP of Technology at Capital One addressed top-down innovation, crafting services and applications that empower their custome .. ... READ MORE

    By: Amanda Elliott
  • Paradigm Shift in FinTech Funding: From VCs to Established Firms

    Venture capitalists (VCs) identify emerging industries in the early stages and invest in their potential. As such, the sharp decrease in investments for FinTech this year is a telling sign of the paradigm shift occurring within the industry. VCs invested $117 billion into the financial services sector between 2012-2016, but that trend is reversing, with many having recently begun to decrease their investments in the industry. Meanwhile, ... READ MORE

    By: Sofiane Boukhalfa
  • How Digital Technologies Are Bringing Back Trust in Insurance

    The insurance industry has an opportunity to create a better image and user experience, and become more accurate and streamlined by adopting emerging technology. The concept of insurance pushed advancement since its founding. Take, for example, The Insurance Office, ... READ MORE

    By: Sofiane Boukhalfa
  • European Fintech Startups Gain Funding

    Fintech has the potential to not only disrupt current financial systems but also could eliminate 30% of jobs in the banking industry. Increased demand for online banking and online payments makes it the next logical step for financial institutions. However .. ... READ MORE

    By: Heidi Reidel
  • PSD2 and Its Effect on FinTech

    The revised Payment Services Directive (PSD2) will be implemented across the European Union (EU) member states in less than a year. This implementation should lead to new opportunities for start-ups and incumbents alike. Addition .. ... READ MORE

    By: Sofiane Boukhalfa
  • The Financial Services Industry Adapts Cloud Computing

    The year 2017 will be a year where cloud computing companies will target the financial services industry aggressively. Cloud-based services can increase operational efficiency and significantly decrease costs for players of any industry. However, through stra .. ... READ MORE

    By: Sofiane Boukhalfa
  • Coupling IoT and Machine Learning: A Golden Opportunity for the Financial Sector

    Machine learning was developed as part of a multi-industry push for artificial intelligence (AI) driven by emerging technologies like the Internet of Things (IoT). Today, over 76% of businesses (including those in the financial sector) indicate IoT will be critical to future success. .. ... READ MORE

    By: Sofiane Boukhalfa
  • Beyond Cryptocurrency: Blockchain’s Impact in the Financial Services Industry

    Most people have by now heard of blockchain, the technology which creates a shared, distributed ledger of transactions over a decentralized peer-to-peer network. A blockchain is a corruption-resistant string of ledger entries shared over a network by multiple parties. It is a foundational internet meta-technology that will enable a broad range of capabilities including anti-counterfeiting, transparency, smart contracts, digital identities, secu .. ... READ MORE

    By: Sofiane Boukhalfa
  • How European Banks and Robo-Advisors Are Leading The Digitization of Financial Services

    Increasing digitization of financial services is a major trend in FinTech. Changing demographics and the emergence of new digital technologies used by European banks and powered by innovations like Robo-advisors, will increase digitization of financial services in 2017. Digital Banking Innovations from Spain and Turkey Both the advances in ... READ MORE

    By: Sofiane Boukhalfa
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