The global financial technology market is driven by the exponential growth of e-commerce, the increasing popularity of digital payments and mobile banking apps, and even the implications of the COVID-19 pandemic. It is predicted to grow at a CAGR of 8.6% from 2021 to 2024.
It makes the FinTech market highly attractive for startups, yet they are the least equipped to deal with FinTech security challenges because they often lack the human and capital resources. In the meantime, the average cost of a financial services data breach is $5.85 million.
Launched in March 2015, Robinhood’s mobile app pioneered zero-commission trading and removed the barrier for beginners. Since then, stock apps like Robinhood, e.g., Charles Schwab, E-Trade, Interactive Brokers, Merrill, and others, have attracted millions of users. The COVID-19 pandemic only reinforced their advantages.
2020 saw increased demand for online trading solutions and record growth of trading apps like Robinhood. Such apps appeal to lots of users because they facilitate investing for people with no economic background or prior experience and at minimum cost.
The educational industry is one of the fundamental ones, and it has been changing rapidly over the last few years. The COVID-19 outbreak, which has forced millions of people to learn remotely, has given another push to educational technology (EdTech) and online education. The learning process is now associated with innovative solutions like online classes, virtual reality tours, augmented reality tours, and learning management systems.
There were over 360k clinical studies registered in 2020 worldwide, and the number is flourishing, especially during the COVID-19 pandemic. Consequently, the demand for clinical trial software growth too, and the market for clinical trial software is expected to grow at a CAGR of 14.7% by 2025.
What is a clinical trial? A clinical trial is a complex process that usually comprises 3 stages varying in duration, the number of participants, and goals. …
The COVID-19 pandemic reinforced the role of mobile-powered solutions, especially for the healthcare sector. As a result, clinics and other stakeholders are actively integrating them, while more and more patients look for medical information and providers online, book doctor appointments and remote consultations, use drug delivery services, and more.
If you aim to build a mobile medical app, you need to pay special attention to the patients’ privacy and health data security to minimize the risk of litigation and financial penalties for your organization and customers.
There is also the special issue of data security in healthcare app development: depending…
Not so long ago, banking and other industries, like healthcare, were associated with long lines and wasted lunch breaks. For some people, it still is, though digitalization is steadily changing our banking routine. The industry felt the benefits of tech solutions and their efficiency so the rise of Fintech has no reason to slow down.
Fintech includes all innovative digital solutions aimed at optimizing banking and other financial procedures. Online and mobile banking provides customers with the freedom to manage their funds, bills, and bank accounts whenever they want which became extremely helpful during the COVID-19 pandemic.
Digitalization took over lots of industries thanks to the COVID-19 pandemic and various quarantine restrictions connected to it. The Healthcare industry is one of the most prominent on the digitalization list — and the most challenging. One challenge connected to the development of mobile healthcare apps or software for wearable devices (mHealth) is their need for HIPAA compliance.
HIPAA (meaning Health Insurance Portability and Accountability Act of 1996) governs the management, storage, and transmission of protected health information (PHI). Since September 2013, all the software meant for healthcare has had to follow HIPAA guidelines to ensure compliance.
Not only software…
Telemedicine technology and clinical applications are relatively recent milestones in healthcare digitization that mark a whole new level of healthcare services. Telehealth is a broader term that encompasses non-clinical services like remote patient monitoring or medical personal training.
The sudden outbreak of the COVID-19 pandemic significantly reduced the possibility of hospital visits. Thus, the demand for telemedicine applications for healthcare has increased by many folds. In fact, according to projections by Fortune Business Insights, the telehealth market will reach $560 billion by 2027.
With patients becoming more educated as consumers, their demands and expectations also grow. Namely, 93% of patients…
Telehealth apps have become extremely popular lately, as Covid-19 has made people around the world over-concerned with their health. Besides, people have been self-isolating and otherwise trying to reduce the risk of infection, so visiting a doctor has become problematic.
Telemedicine apps have become crucial for disease prevention for millions of people around the world. For example, in the last week of March 2020, there was a 154% increase in telehealth doctor appointments compared with the same period in 2019.
The following chart shows some more breathtaking statistics on telehealth apps and lists some of the key features of telemedicine…
Emerging technologies are rapidly changing industries as we know them, e.g. in healthcare, a well-made tailored doctor appointment booking system can significantly reduce patient waiting time and improve the quality of patient care overall.
The role of healthcare digital capabilities is only growing because of the COVID-19 pandemic. In 2020, according to the Accenture survey, 62% of consumers would choose virtual health and wellness advisories.
There are more benefits to doctor appointment booking systems than just reducing patient wait times and increasing patient satisfaction. According to the extensive research “Appointment Scheduling in Healthcare: Challenges and Opportunities”, appointment scheduling problems can…