World is changing and in that new wave that has already arrived thanks to technology, the term fintech appears again and again. It is a new business concept that revolutionizes the financial market worldwide as it defines those financial services that use technology to facilitate customer life and improve the user experience. That is, online credits, currency exchange through the network, online payments, digital banking, among other services.
Zazz is here to help financial institutions and their customers by providing premium financial solutions and overcoming challenges like:
Our Services include:
Apps related to finance are subjected to much more security and regulatory requirements. Banking sector and financial services industries have to follow strict guidelines such as recommendations from the Federal Financial Institutions Examination Council (FFIEC), the Gramm – Leach – Bliley Act (GLBA), the Payment Card Industry Data Security Standard (PCI DSS), New York State online safety obligations for monetary utility businesses.
Having said that, not every app need every available compliance certificate. Not only newbies, often experts are not aware of the recent changes in the legislation. However, our analysts can help identify:
Zazz is not new in handling mobile banking apps. We partner with leading organizations to help them recognize the expansion of mobile technologies within their enterprise and seek ways to securely integrate them to further enable their workforce and achieve business goals by:
Fintech apps or financial solutions are not like any other mobile based solutions, they require to be handled carefully as there are certain rules and regulations. Zazz has got experience of handling financial sector and have an inhouse dedicated team for such tasks and development. We also take opinions of leading bankers, lawyers and financial experts.
Zazz has provided financial mobile apps and fintech solutions to almost all type of industries and their sub segments..
There are several factors that explain these gaps, such as high levels of informality in the region, strict documentation requirements to open bank accounts, low penetration of financial products such as leasing and factoring, deficiency or non-existence of credit information services, the lack of an adequate public registry of movable and immovable property, and the low financial education, among others.
These factors make financial inclusion difficult as they generate information asymmetries, promote a financial industry that is risk-free and contribute to the exclusion of homes and businesses from the formal financial system.
In this context, the digital transformation that the economies of the region are experiencing, including financial services, is a promising signal. Fintech companies appear as a relevant solution, not only to increase financial inclusion, but also competition, innovation and to deepen financial development.
With the penetration of smartphones increasing exponentially in North America (and in developing countries in general), a growing communications infrastructure and regulators that begin to consider the importance of these initiatives, there is a growing opportunity for SMEs and people access basic financial services, through different types of technological applications and innovative solutions.
Fintech companies have introduced improvements in many services and financial processes, from the advance of invoices to open banking. Thanks to them, innovations in the payment system or real-time financing are now a reality. And there are already fintech solutions for business financing.
However, there is still room for improvement in many activities of the financial industry value chain and there are still many possibilities for collaboration between all the actors in the ecosystem, including technological infrastructure entities, banking software, etc.
With the digitalization of banking, the sector model changes and leads to the opening of new values that are integrated into the financial ecosystem, as revealed by specialists and architects who contribute to the adequacy of this industry in global trends.
The claim that technology changed the way the bank and customer relationship is not new, but the fintech solutions (startups) that emerge to respond to the dynamics of the so-called 'banking of the future', private initiatives that usually identify opportunities - or weaknesses - that the actors in this industry can take to keep in tune with the internal and external public.
To this are added the areas of innovation or technological solutions that operate within the structure of financial institutions and where proposals such as credit simulators, electronic assistants, and mobile applications to perform operations or multifunction platforms that allow better management are born of the access time to the bank, which follow the line of omnichannel.