Haseeb Awan 
Posts Currently viewing the category: "Fintech"

Yesterday, FOMC announced that they are not making any changes to the interest rate. Later last year, they made an upward move after almost a decade. They also changed their stance on frequency of changing the interest rate. Earlier they indicated that they would change interest rate 4 times in 2016, but it was not…(Read More)

Whenever we borrow any amount, we expect to pay an interest on top of the principal amount. Recently it was increase after almost a decade however buzz word of negative interest rate have started to circulate in financial world. It’s not a new concept and currently exist in multiple EU countries. “Consider it as…(Read More)

I was in Cayman Island recently and was fascinated by how developed it is. Sharing some of the interesting facts here 1 – Cayman has its own currency; the Cayman Island Dollar (CI$). This is tied to the U.S. dollar and does not fluctuate from it. The cash exchange rate is CI$1.00 = US…(Read More)

The financial services industry is a cutthroat market with razor-thin margins, making it one of the toughest industries in which to generate profit. Yet, for Fintech startups, it is one of the least chartered, most lucrative sectors. Accenture recently reported that fintech investments grew 201 percent in 2014 compared to the previous year. As…(Read More)

So Finally FOMC increased the interest rates this week by .25% after almost a decade as expected. Though it was fixed since 2008 at 3.25%, June 2006 was the last time it was increased. Federal Open Market Committee (FOMC) mandate is to determine the prime interest rate & money supply.It was formed through…(Read More)

Banks are boring & claim to be next generation bank is rarely heard in startup world. Banks were born out of need to store the cash safely.  Banks generally have a very good perception of trust & security among masses which led to position themselves as one-stop shop for anything financial related. Over time…(Read More)

Every week, a new startup is born to grab the 600 Billion remittance market volume . With an average fee of 7% approximately 40 billion dollar are paid in fees and despite dozens of startups trying to reduce it, fees are not coming down as anticipated. Even though we blame the remittance companies for higher fees…(Read More)

All of us have tried to outsource our work at some point. It is a very difficult process to communicate your requirements and get the work of your choice in such situations. There are multiple reasons to fail but mainly it is poor communication & lack of commitment from both ends. It is very hard…(Read More)

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