{"id":22777,"date":"2021-04-30T08:02:00","date_gmt":"2021-04-30T08:02:00","guid":{"rendered":"https:\/\/www.experfy.com\/blog\/how-fintech-is-changing-banking-and-financial-services\/"},"modified":"2023-08-23T13:23:40","modified_gmt":"2023-08-23T13:23:40","slug":"how-fintech-is-changing-banking-and-financial-services","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/fintech\/how-fintech-is-changing-banking-and-financial-services\/","title":{"rendered":"How Fintech Is Changing Banking and Financial Services"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"22777\" class=\"elementor elementor-22777\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-2ae4b9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ae4b9d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-03fd6c9\" data-id=\"03fd6c9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14ff4a3 elementor-widget elementor-widget-text-editor\" data-id=\"14ff4a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The financial sector is changing. Brick and mortar institutions are giving way to new Fintech solutions. These are reshaping the very way we do finance. According to <a href=\"https:\/\/perma.cc\/9K8Y-DTFJ\" target=\"_blank\" rel=\"noreferrer noopener\">Goldman Sachs<\/a>, around $ 4.7 trillion of traditional financial sphere revenue could be disrupted by the Fintech industry. Compared to their estimates that the <a href=\"https:\/\/www.marketscreener.com\/INDUSTRIAL-AND-COMMERCIAL-6499173\/news\/2019-Global-Financial-Services-Market-Research-Reports-Industry-Analysis-28976337\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"broken_link\">overall size<\/a> of the financial markets is set to hit $ 26.5 trillion in 2022. This makes it a force to be reckoned with. But what is Fintech exactly, and how will it affect and reshape the ways we do finance?<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf032d8 elementor-widget elementor-widget-heading\" data-id=\"cf032d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is Fintech?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40d6d6f elementor-widget elementor-widget-text-editor\" data-id=\"40d6d6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>First, let\u2019s look at what Fintech is precisely. Fintech or financial technology is a broad name for a range of innovative financial services. Generally, we can divide these into the following categories:<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e2e6918 elementor-widget elementor-widget-text-editor\" data-id=\"e2e6918\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Payments systems<\/strong> that allow users to send and receive payments (PayPal, Apple Pay, etc.)<\/li><li><strong>Digital banking solutions<\/strong> that help business and personal clients to manage their money (Ally, American Express, Barclays, etc.)<\/li><li><strong>Insurance, aka. InsurTech<\/strong> covers everything from car insurance to home insurance and everything in between to deliver a new way to insure yourself and your property<\/li><li><strong>Lending solutions<\/strong> upgrade the traditional way lending was done by offering smart solutions to lenders and clients (HES Fintech)<\/li><li><strong>Investment software and Robo-advisors<\/strong> help their clients invest their money in everything from stocks and shares to cryptocurrency. Robo-advisors advise clients using the latest in AI technology (Robinhood, Betterment, etc.)<\/li><li><strong>Blockchain and Cryptocurrency<\/strong> provide an alternative to fiat currencies and a new way to do finance (Bitcoin, Ethereum, Litecoin, etc.)<\/li><li><strong>Crowdfunding<\/strong> aids fundraisers in gathering donations for a charitable or personal cause (Patreon, Kickstarter, GoFundMe, etc.)<\/li><\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-656a601 elementor-widget elementor-widget-text-editor\" data-id=\"656a601\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>While Fintech might sound modern, its origins date back to the 1950s with the invention of the credit card (Diners Card). From there, it has gone through many changes \u2014 from ATMs to electronic trading to the introduction of PayPal and online payment systems.<\/p>\n<p>The very latest solutions often focus on the blockchain or artificial intelligence (AI) technology. These are often designed to offer an additional layer of security, add speed or even completely revolutionize the way financial services are done.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c9f4ab elementor-widget elementor-widget-heading\" data-id=\"4c9f4ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How is Fintech Changing the Finance Industry?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd5172d elementor-widget elementor-widget-text-editor\" data-id=\"dd5172d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>According to a study by PwC, <a href=\"https:\/\/www.pwc.com\/jg\/en\/publications\/pwc-global-fintech-report-17.3.17-final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">82% of financial service providers<\/a> expect to adapt Fintech solutions in the next three to five years. But what exactly do they plan to achieve with these developments? Let\u2019s take a look at some of how Fintech is fundamentally changing the financial industry landscape today.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0e7392 elementor-widget elementor-widget-heading\" data-id=\"c0e7392\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Banking<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68a5aa8 elementor-widget elementor-widget-text-editor\" data-id=\"68a5aa8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With a reduction in <a href=\"https:\/\/www.ft.com\/content\/c1164d2e-e11c-11e9-b112-9624ec9edc59\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"broken_link\">local bank branches<\/a> and the growth of online services, Fintech is more prevalent than ever. But its reaches go much further than simple banking apps. So, how is Fintech changing banking?<\/p>\n<p>Modern banking Fintech solutions are a sophisticated approach that covers everything from onboarding to Know Your Customer (KYC) and Anti-Money Laundering (AML) to providing a variety of services, including chatbots, loan calculators, and more. Fintech is upgrading the way <a href=\"https:\/\/www.experfy.com\/blog\/fintech\/digital-transformation-banking-finance\/\" target=\"_blank\" rel=\"noreferrer noopener\">banking<\/a> is done.<\/p>\n<p>These digital solutions make it simpler for clients to access services without ever entering brick and mortar offices, such as making online transactions, opening accounts, and paying bills. Allowing businesses to optimize staffing, reduce costs on the number of physical branches, and concentrate efforts on delivering efficient customer services.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d72ba1 elementor-widget elementor-widget-heading\" data-id=\"5d72ba1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Financial Services<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67a7ff4 elementor-widget elementor-widget-text-editor\" data-id=\"67a7ff4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Encompassing a variety of financial services, such as lending, insurance, trading, and more, Fintech is a growing presence in the financial services industry. <a href=\"https:\/\/www.pwc.com\/jg\/en\/publications\/pwc-global-fintech-report-17.3.17-final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">88% of market participants<\/a> are concerned that if they don\u2019t adapt to market changes, they may lose out to innovators.<\/p>\n<p>The world\u2019s largest financial giants share this belief. Take a look at recent acquisitions by <a href=\"https:\/\/247wallst.com\/banking-finance\/2019\/08\/06\/mastercard-makes-fourth-2019-fintech-acquisition\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"broken_link\">Mastercard<\/a> of Finicity and Nets for $ 1 billion and $ 3.19 billion, respectively, or <a href=\"https:\/\/techcrunch.com\/2020\/01\/13\/visa-is-acquiring-plaid-for-5-3-billion-2x-its-final-private-valuation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Visa\u2019s<\/a> acquisition of Fintech star Plaid for $ 5.3 billion. These suggest that even those at the top are investing heavily in Fintech services to boost their current stack.<\/p>\n<p>Across the broader financial services industry, solutions are being rolled out to deliver personalization, automation, reduce errors, and increase overall efficiency\u2014for example, document automation and reading, digital ID checks, and more.<\/p>\n<p><a href=\"https:\/\/hesfintech.com\/blog\/digital-transformation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Digital Transformation in Banking and Finance<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11dabab elementor-widget elementor-widget-heading\" data-id=\"11dabab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How is HES Fintech Changing the Lending Industry?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dee2d02 elementor-widget elementor-widget-text-editor\" data-id=\"dee2d02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>HES Fintech is a <a href=\"https:\/\/hesfintech.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">world leader<\/a> in the provision of smart lending solutions for financial institutions. The company helps businesses to upgrade their technology stack to automate processes, <a href=\"https:\/\/hesfintech.com\/blog\/how-automation-maximizes-the-efficiency-of-lending\/\" target=\"_blank\" rel=\"noreferrer noopener\">drive efficiency<\/a>, and increase revenue. Here\u2019s how.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d31e5cb elementor-widget elementor-widget-heading\" data-id=\"d31e5cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Automation of essential processes<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb5afa5 elementor-widget elementor-widget-text-editor\" data-id=\"bb5afa5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When staff is concentrating on paperwork, they\u2019re not focusing on client satisfaction. <a href=\"https:\/\/blog.hubspot.com\/service\/customer-service-stats?__hstc=205360911.1c6c7007af1f7ee05dcc05a614028c9b.1606301904449.1618319951763.1618384285271.150&amp;__hssc=205360911.16.1618384285271&amp;__hsfp=2463365532\" target=\"_blank\" rel=\"noreferrer noopener\">49% of customers<\/a> said that just a single negative experience would make them reconsider doing business with that brand again. By automating document reading and process, your team can concentrate their efforts on customer satisfaction. This conversely has a 77% chance that your customer will stay, reducing costs to your business. Estimates put onboarding new clients at 5-25 times more costly than retaining current ones.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72f34fb elementor-widget elementor-widget-heading\" data-id=\"72f34fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Personalization of services<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bb0186 elementor-widget elementor-widget-text-editor\" data-id=\"7bb0186\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In the modern world, personalization is everywhere. From the algorithms behind Netflix to the ads you see on Google. There is no reason that when your customers approach your company, they shouldn\u2019t have the same personalized approach. By adopting the most modern solutions, not only will you be able to deliver a more human approach, delighting your clients, you\u2019ll be able to reduce risk to your business by treating them as an individual.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08814e7 elementor-widget elementor-widget-heading\" data-id=\"08814e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Security across the board<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cf6d06 elementor-widget elementor-widget-text-editor\" data-id=\"3cf6d06\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>From GDPR to KYC and AML, and other regulations, the requirement for robust security features in any Fintech solution is priority number one. As a financial services provider, you are required to deliver security to your clients\u2019 data and money. Going beyond the minimum sets you up as a reliable provider who your customers can trust. Additionally, security is a primary feature you will require to meet national and international requirements to protect your business from fraud and identity theft, which could cost you in money and reputation.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b09aa2d elementor-widget elementor-widget-heading\" data-id=\"b09aa2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Risk assessment<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd0d99e elementor-widget elementor-widget-text-editor\" data-id=\"bd0d99e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>One of the first questions your company has to answer when working with a client is related to risk. HES FinTech delivers tailored risk assessment software to help you effectively onboard and work with clients. This is done by automating document processes, comparisons of product types, and integrated debt collection software. It allows you to manage your clients as individuals, not as numbers, more effectively.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19b98ec elementor-widget elementor-widget-heading\" data-id=\"19b98ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Integrations for any platform<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7bb505 elementor-widget elementor-widget-text-editor\" data-id=\"a7bb505\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There\u2019s no point in investing in technology, no matter how great it sounds on paper if it doesn\u2019t work for you or your clients. From credit bureaus to payment and notifications providers, BI solutions, KYC, AML, and more, HES Fintech focuses on delivering smart technologies that meet your business needs. These can be an entire platform to system upgrades, depending on what your business needs to get to optimum capacity.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f61dfd elementor-widget elementor-widget-heading\" data-id=\"5f61dfd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A threat to the Finance Industry or Latest Evolution?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb5fa4a elementor-widget elementor-widget-text-editor\" data-id=\"fb5fa4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>While we are seeing a reduction in the traditional brick and mortar intuitions that once serviced our financial needs, Fintech is not a monster to be feared. The opposite is true. The latest Fintech solutions are an evolution.<\/p>\n<p>In particular, loan and lending software solutions, such as those offered by HES Fintech, deliver businesses the potential to develop their capacities and market access and engage their clients like never before. To recap, here\u2019s what they can do:<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cae743e elementor-widget elementor-widget-text-editor\" data-id=\"cae743e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Personalize solutions and services. <\/strong>HES Fintech has a 3-4-month delivery time (depending on the product), taking your business from zero to ready.<\/li><li><strong>Deliver greater efficiency for your business. <\/strong>Automate document processes and complete compliance tasks with ease.<\/li><li><strong>Increase customer satisfaction. <\/strong>Spend more time focusing on your clients, seeing them as individuals, not a mountain of paperwork.<\/li><li><strong>Make your data more accurate. <\/strong>Digitized technologies for working with data reduce the risk of error.<\/li><li><strong>Create complex solutions for your needs. <\/strong>Out-of-the-box solutions are fast but don\u2019t suit every business. A tailored solution for your company means that each stage of the loan process becomes streamlined and effective.<\/li><\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57c0d21 elementor-widget elementor-widget-text-editor\" data-id=\"57c0d21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Source: <\/strong><a href=\"https:\/\/hesfintech.com\/blog\/how-fintech-is-changing-banking-and-financial-services\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/hesfintech.com\/blog\/how-fintech-is-changing-banking-and-financial-services\/<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The financial sector is changing. Brick and mortar institutions are giving way to new Fintech solutions. These are reshaping the very way we do finance.<\/p>\n","protected":false},"author":1109,"featured_media":23328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[192],"tags":[132,1546,99],"ppma_author":[3662],"class_list":["post-22777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-banking","tag-financial-services","tag-fintech"],"authors":[{"term_id":3662,"user_id":1109,"is_guest":0,"slug":"dolgorukov","display_name":"Dmitry Dolgorukov","avatar_url":"https:\/\/www.experfy.com\/blog\/wp-content\/uploads\/2021\/05\/Dmitry-Dolgorukov-150x150.jpeg","user_url":"https:\/\/hesfintech.com\/","last_name":"Dolgorukov","first_name":"Dmitry","job_title":"","description":"Dmitry Dolgorukov is a Co-Founder and a CRO of <a href=\"https:\/\/hesfintech.com\/\" target=\"_blank\" rel=\"noopener\">HES FinTech<\/a>,and CEO at <a href=\"https:\/\/ginimachine.com\/\" target=\"_blank\" rel=\"noopener\">GiniMachine<\/a>- an AI-driven platform that solves traditional credit scoring challenges with machine learning algorithms. He is a member of the Forbes Finance Council since 2020. He was ranked as one of the most influential AI leaders in Eastern Europe in 2019, and as one of the top 200 Fintech leaders in Europe in 2018."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/22777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/1109"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=22777"}],"version-history":[{"count":8,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/22777\/revisions"}],"predecessor-version":[{"id":31268,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/22777\/revisions\/31268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/23328"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=22777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=22777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=22777"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=22777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}