Software Development Blog
Recent Articles:
Designing a Cloud-based Accounting System for SMEs
Modern entrepreneurs have taken a liking to cloud-based accounting systems to better manage their financial data. The aforementioned solutions offer a number of benefits, which include cost savings, better accessibility or greater data security. Small and medium-sized enterprises (SMEs) are opting for cloud-based accounting systems due to resource constraints that affect investment in traditional software.
FULL ARTICLE
Building a secure payment gateway using Open Banking standards
Online shopping has dominated all kinds of online payment gateways in recent years. The need for a secure payment gateway for online transactions is directly proportional to the growing number of online purchases. Therefore, quite a few entrepreneurs are making the decision to invest in payment solutions that will secure sensitive customer data. Among the options available on the market today, the use of open banking standards often stands out.
FULL ARTICLE
The Role of Artificial Intelligence & Machine Learning in MedTech
The rapid adaptation of artificial intelligence and machine learning to our world has led to many innovative solutions. The medical industry, too, has decided to capitalize on the potential that lies in this disruptive phenomenon. This bold step from the medical point of view is extremely important. And that's because it contributes to the development of devices that make it possible to save patients' health and increase the possibilities for modern medical treatment.
FULL ARTICLE
Integrating open banking APIs with Payment Systems
Open banking has transformed the financial industry by allowing customers to share their financial data with third-party providers securely. Payment systems have advanced dramatically since the advent of open banking APIs. Application Programming Interfaces (APIs) enable the secure and dependable integration of payment systems with open banking services, allowing for faster and more efficient transactions.
FULL ARTICLE
How to Deal With Authentication Issue when Developing Apps?
The world has seen a boom in the popularity of the financial services industry recently. FinTech companies have transformed the way we manage our money, from mobile banking to online payments. However, as more financial transactions move online, the issue of security becomes more pressing. Authentication is a critical part of internet security in finance.
FULL ARTICLE
Plaid vs Tink: Which FinTech Integration is better to choose?
FinTech companies are increasingly opting for external integration because they see many opportunities for their business, especially since the industry is regulated by strict regulations to which they are obliged. Companies see opportunities in expanding the product range, increased productivity, and better service for the potential customer.
FULL ARTICLE
Empowering consumers: An overview of Australia's CDR initiative
The Railwaymen blog has already featured two articles on important regulations that are related to the FinTech industry. After zooming in on PSD2 and the CFPB, it's time to mention a bit more about the legislation undertaken in Australia as part of the Consumer Data Right initiative. I will try to give a more detailed overview of this regulation and the details that it involves.
FULL ARTICLE
Building a Real-Time Payment Processing System for eCommerce
In the era of dynamically escalating technological progress, companies have abandoned traditional payment methods in favor of digital ones. Online and mobile channels dominate the market in the modern world and are the best options for accepting and processing payments, which as a result has earned them a solid position in the eCommerce and payment industry.
FULL ARTICLE
How the CFPB is balancing innovation and consumer protection?
The development of the financial sector and accompanying technologies has led to rapid progress for both consumers and businesses. These activities have also had a direct impact on embodied innovation, which has significantly improved the way financial services are accessed and managed. However, with the growth of the FinTech sector came the need for consumer protection and guarantees of market stability. To this end, many countries decided to start working on regulations that would control all dependencies that occur within financial activities.
FULL ARTICLE
Exploring the Benefits of Open Banking for Financial Institutions
The banking industry is evolving with innovative financial solutions aimed at improving the customer experience while delivering benefits to stakeholders. An example of such a solution is open banking, which is quickly taking over the financial sector. With the introduction of Open Banking, the financial industry entered a new era. It has posed a challenge to the old systems while providing numerous benefits to the various parties involved, including businesses, consumers, banks, and financial institutions.
FULL ARTICLE