Signifies Importance of Technology in Financial Services
The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency increases the importance of Fintech or Financial Technology all over the world. Fintech is the technology and innovation that aims to compete with traditional financial methods in delivering financial services. Financial technology companies consist of start-ups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. Fintech companies use various technologies, including artificial intelligence, big data, robotic process automation, and Blockchain.
As the need and demand for financial transactions increase, payments and the banking industry have been evolving continuously. The best kind of consumer experience and quick responses to regulatory changes will matter the most. Now, it is only a matter of time to see how high the Fintech market will continue to grow and what scale. In contrast with other emerging industries such as biotechnology, network analysis shows that Fintech has mostly engaged in strategic partnerships and only a few banks have acquired or obtained a financial interest in Fintech.
Fintech can regularly be grouped into four categories:-
- Financing (crowdfunding, crowdlending, crowd investing)
- Asset Management (robo advice, social trading, factoring)
- Payments ( cryptocurrencies, alternative payment system)
- Others ( search engines, infrastructure provider)
Despite the rapidly changing environment in the financial industry, almost no studies have investigated the Fintech-bank relationship and how the emergence of Fintechs affects the traditional banking sector. In a study, they find that venture capital investments in Fintechs can be attributed to differences in the enforcement of Financial regulation among start-ups and banks after the financial crisis.
We have the grown-up watching rise of various technology companies, started as garage companies to the world leader in the respective segment. There were always some great leaders who led those companies to make that journey. They not only have grown their companies big, but they have changed lives; they have shaped our future, our society. That’s what motivated me to become a leader, asserts the luminary. Since its inception, the company has focused on addressing the issue of Blockchain.
It is an indispensable technology. It started with a buzz, and it will be deeply rooted in human society more and more. There are lots of areas in Blockchain that can be improved. They tried taking a bit from both and tried improving it. They tried making a Hedge Fund that’s significantly different than just another Blockchain-based fund.
Star Pacific International Ltd. offers an investment opportunity in a Block based Token. The Token is different than other thousands of Token out there. It is a Token that not only gives high ROI in terms of dividends but also let investors take part in the development of the very next step in technology which their company is doing. Star Pacific is bringing Artificial Intelligence(AI) into Blockchain.
It will even help in a way that changes how Blockchain works. So, investors can also take a considerable benefit of their investments when they bring the result of their R&D out. Their primary focus is empowering people, so with their investment tools, they may grow alongside the company. Investors are not only a part of their company; they are the company.
And just for that, they not only offer them the Token, but they also offer them a platform called lowgas.io. It provides a plethora of functionality from investment to exchanging to trading. Even they ensure that their investors are safe, growing, and have enough options to find out the right place where they can fit themselves in.
Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. If we look at the past, even traditional businesses change with time. And as far as the technology sector is concerned, the change is at light’s speed. It is like the course of the river. The shift in path is inevitable and required for a sustainable business. And there comes the utility of forecasting and predicting the future. For a CEO, it is always required to predict the course of the sector or industry and set strategies accordingly. Only then can the business follow the path and grow continuously.
UNCERTAINTIES IN THE JOURNEY
From the mid of 2019 to the entire 2020, there were huge uncertainties around the globe. Even still, it is there prominently. But for digital businesses, the impact is very less. The direct impact is almost none, and whatever the indirect impact is, it can be dealt with strategically. So, it didn’t hinder their growth or didn’t become a roadblock for them. Initially, there were some uncertainties, but that’s pure because they were not ready for such a situation.
CHALLENGES FOR C SUITES
In the tech sector, the world is very competitive and evolving rapidly. The biggest challenge for any executive officer is to develop a solution that can cut through the hurdles. Investors, Consumers, users nowadays are knowledgeable and connected. They have several options for every need. So, to be on top of their list, they must stand out. They have come up with a solution that has a few unique offerings. That gives little more extra value to their customers than competitors’ offerings.
ROLE OF R&D IN GROWTH
The role of R&D is very important for the growth of any company. Their prime work is the result of R&D. They are bringing Artificial Intelligence into Blockchain the way it has not been done before.
Their company is relatively new but working on exciting technologies. They are very proud of what they are doing and what they are developing. They have a strong belief that when their new Blockchain comes out, it will be the lighthouse for many companies out there.
Their plan is to launch their AI-enabled Blockchain within a year. And from there they think everything will turn interesting. They have a long plan to make their Blockchain more powerful and intelligent. They have started developing a new breed of Blockchain but always keep their investors in mind. It will make their current customers or the owner of Star Pacific Tokens a pool of rich investors. Their target always is to make investors’ investments go back to them in multiple folds.
- Upcoming List of Top Indian Web Series of 2021
- Top 10 richest player of the world 2021
- Top 10 highest-paid Indian Athletes 2021
- Top 10 highest paid CEO in the World
- Top 10 richest person of India
- Top 10 Highest Paid CEOs of India
- List Of Most Followed Facebook Pages in 2021
- The Success Story of Jeff Bezos
- Success Story Of Elon Musk
- Top 10 Business Magazine In India
- Top 10 Business Newspaper In India
- Top 10 richest billionaires in the world 2021
- Upcoming English Web Series in 2021
- Top 10 Tourist Places in India, places to visit after lockdown