MODERN FINANCES
Fintech solutions today
create better future tomorrow
Join thousands of financional institutions already gone digital. Fintech is what we have been doing for over 35 years so let us help you in the process of your transformation.
MODERN FINANCES
Fintech solutions today
create better
future tomorrow
Join thousands of financional institutions already gone digital. Fintech is what we have been doing for over 35 years so let us help you in the process of your transformation.
Fintech – Where Finances meet Tech
When discussing technology use in the financial industry, it is necessary to clearly distinguish between two primary groups – traditional banking and fintech.
Traditional banking upholds the long-standing practice of offering financial services through banks and other financial institutions, such as payment transactions, loans, and card services.
Fintech represents a transformative shift in the market. The rise of fintech solutions is a result of blending traditional banking services with technology to make those services more accessible and user-friendly for customers.
The main differences between traditional banking and fintech are operating models, innovation access, and user interaction.
Fintech companies excel at serving niche markets efficiently. Through agile development, they rapidly customize their services to meet the unique needs of their users.
The traditional banking system on the other hand provides clients with personalized service, wide range of services, with a strong focus on security and trust.
Uses, benefits and Examples of Fintech
Fintech had been here for decades. An example of a fintech solution is PayPal, which had been around for 25 years. PayPal has revolutionized the way people handle financial transactions by providing a fast, easy, and secure alternative to traditional banking services.
So fintech is not something new. But the past decade has seen a technological revolution, leading to a surge in the fintech industry. As a result, innovative platforms have emerged in the market, many of which are now part of our daily lives. Think of Revolut, an e-money institution founded in 2015, which today has over 45 million customers globally. Fun fact: We once shared the same roof in London with them.
The numbers clearly show how much the fintech industry is changing things. The fintech market capitalization doubled in just three years, reaching 550 billion dollars. During the same period, the market saw the emergence of 272 fintech unicorns, with a combined value exceeding 936 billion dollars. This marks a sevenfold increase from just five years ago when the number of unicorns was 39. There is no stopping the rapid rise of fintech unicorns in the near future.
AI and fintech
Machine learning is widely used in the fintech industry as one of the most popular AI technologies.
It is followed by deep learning, natural language processing, and computer vision alltogehther technologies our in-house AI experts use daily.
According to leading analytical companies, AI generates a trillion dollars additional value for the banking system annually. Therefore, the pragmatic shift to an AI-first approach is entirely unsurprising.
Why TIS GRUPA?
TIS GRUPA has been involved in various projects within the traditional banking sector for the last 35 years, participating in some of the most important (inter)national projects related to the financial sector.
Here are some examples of our fintech-related projects:
- Payment gateway solutions: TIS GRUPA has developed advanced payment systems that enable secure and efficient online transactions, helping businesses integrate digital payments into their operations.
- NCS (National clearing system): One of our significant fintech projects, NCS, is designed to enhance nd digitize payment processing systems, enabling more efficient and secure financial transactions.
- EURO implementation projects: TIS GRUPA played a role in implementing the euro in the Croatian and Slovenian markets, working on the necessary infrastructure and digital systems to ensure smooth transitions for businesses and consumers.
In the UK, TIS Grupa has undertaken various venture-building activities in recent years to promote the growth of the fintech startup industry through different channels.
Along with our long-standing partners, we consistently explore, develop, and incorporate technological solutions for the traditional banking industry. With a dedicated AI department, TIS GRUPA as been actively generating ideas to drive technological innovation in TIS’s core business.
Don’t be late for the digital transformation. Make financial services more accessible and user-friendly. Let’s talk about your fintech needs.
Work with us
Whether you seek traditional IT services or customized solutions, we assist with the selection, development, integration, and maintenance of services tailored to your organization's needs.
With our offices in the UK, Croatia and Slovenia, we can move fast and help you reach your business goals to stay relevant today- and in the future.
Join the many companies that have secured their future with TIS GRUPA's innovative solutions.
