The predominant Conventional Banking system has been strongly challenged by Islamic finance which has grown manifold in the previous three decades due to its appeal of being highly ethical and fair to the stakeholders. The current size of the industry is estimated close to USD3 Trillion with a projection of it reaching USD3.7 Trillion by the end of 2024. Though still considered in its nascent stage with Islamic Development Bank, the first multilateral finance institution being founded in 1973 followed
We dream of a world with no pandemic, fewer restrictions, more learning, networking, and more business. So, with that optimism, we have curated a list of top FinTech events to attend in 2022. This list will be updated often for our readers to have the most recent information about the global FinTech space.
Financial Technology, or FinTech, is an emerging industry that aims to replace traditional financial services, by means of modern technology and innovations, most notably IT. This includes mobile banking, online stock trading, cryptocurrencies, and many more. It is certainly a booming industry, with Statista reporting that global consumer adoption rates for FinTech have more than tripled between 2015 and 2019: from 17 percent to 34 for savings and investments, from 18 percent to 75 for money transfers and payments, from
Today most companies globally have realized the value of data and have started thinking about how to use it for better decision making. However, realizing its importance and being able to use it strategically are two different things. And this is exactly where most companies falter.