Overview
Fintech also includes the development and use of cryptocurrencies and exchanges. This subset of fintech is of special interest to Architechtura as our co-CEO is currently developing the first ever SEC-regulated security exchange.
Fintech at Architechtura is dedicated to integrating your services with technologies to expand customer reach and delivery capabilities. We work together with all regulations and compliance guidelines you have to abide by and better them by adding extra layers of security.
When you work with our fintech team you can rest assure that your will be fully compliant and that we will understand all of your individualized needs. In fact, our fintech team is equipped with a financial industry specialists so that you can speak your lingo, and the experts can translate it to tech terms that our engineers value on your behalf.
Challenges
Privacy
A client’s financial information along with a business’s financial information should be completely private. Failure to maintain privacy can have detrimental effects that can ruin both a company’s present and future operations. At Architechtura we know how important it is to keep data private which is why we offer sophisticated tools to ensure privacy while still abiding by KYC
Regulatory Compliance
Comprehension
Customer Authentication
Accessibility
Security
Legal Crypto
Communication
Sample Solutions
Peer-to-Peer Lending
Peer-to-peer lending allows for financing options to be accessible by multiple individuals. It is a win-win for both lenders and borrowers as the process of getting a loan is simplified than those seen in traditional financial institutions. Peer-to-peer lending platforms take on the requirements of pre-approving borrowers, and overall expedites the lending process. It can also be used to enforce the terms of the loan repayment.
Alternative Credit Scoring
Traditional methods of credit scoring often hinder small businesses and self-employed individuals from getting loans. The fintech industry recognizes these challenges and has a solution, which is alternative credit scoring. Alternative credit scoring works using qualitative analysis of alternative data points such as payment history and social signals. This credit scoring mechanism drives the cost of underwriting loans down, which helps alternative credit scoring pass such benefit along to borrowers. Overall, the power of deep learning algorithms in alternative credit scoring helps led to better lending decisions, which empowers the industry overall.
Digital Banking
Technology is being utilized more and more every day, and pre-existing financial institutions such as large banks are having to make the shift towards offering digital banking. Digital banks work the same as traditional banks but lack a physical headquarter or branch location. This saves on the cost of real-estate, and those savings are then passed along to clients.
Asset Management
Asset management that utilizes fintech allows investors to create a portfolio through the purchasing of stocks and mutual funds without commission fees. Fintech is able to make things commission free by leveraging the collection of investor data in exchange as a trade to waiving the fee. The collected data is then shared with traders, who can directly influence asset prices.
Payment Gateways
Secure payment gateways are required for any site that accepts payments. Thus, it is important that these gateways accept multiple payment methods such as a variety of debit and credit cards. Another feature that can be added to payment gateways is the capability for them to accept cryptocurrencies. Most often traditional banks charge large fees to merchants to process any transaction but integrating an alternate payment gateway can reduce these fees. In addition, payment gateways can be customized into user-friendly editions, that are more appealing to customers.