SDFA Communications

History   FinTech started to evolve in the 1990s when the Internet and E-commerce market models emerged, and by the following years, most banking had been entirely digitalised. After the Global Financial Crisis in 2008, where many people lost trust in conventional banks, security and transparency had been more critical than ever. This change in perspective enabled the development of new customised solutions and regular practices, such as providing access to banking profiles, billing, and money transfer in converted currencies. (FinTech Weekly, 2021)   Definition   The word FinTech has been used in a variety of sectors worldwide, sometimes in unpredictable and vague ways. So far, no effort has been made a shared understanding of the term FinTech. (Schueffel, 2016) Nowadays, researching FinTech definition is challenging itself as there is no standard description of what FinTech is and what essential innovations the word includes. (Marck A, et al., 2019). However, many autho...

Business Intelligence  Business intelligence (BI) is a data-driven decision support system that integrates data collection, storage, and information processing with analysis to provide insights into decision-making. The concept was introduced in 1989, and many of its elements were already present in organisational information systems (Salomon & Gray, 2008). The term implies providing a detailed understanding of all the variables that impact the company. Therefore, to make efficient and high-quality strategic decisions, companies must have an in-depth awareness of variables such as clients, competitors, business partners, the economic climate, and internal processes. (Ranjan, 2005-2009) Business intelligence focuses on the study of vast amounts of information about a company and its activities. (Salomon & Gray, 2008). BI is a wide category of software and technology for collecting, delivering, and processing data to help corporate customers make smarter business decisions. (...