UppLabs blog

Business, FinTech, Technology, UppLabs

How could digital wallets impact banking and financial services?

September 10, 2022

The studies show that the total number of digital wallet users worldwide will exceed 5.2 billion in 2026, up from 3.4 billion in 2022, an increase of over 53%. And it’s no surprise. With a digital wallet, you can make money transfers, pay for goods and services, and live without cash or a bank account. Transactions between systems are instantaneous, and many allow using different currencies. At the same time, more and more users prefer digital wallets as a more convenient and cheaper alternative to traditional banking services. In this article, we will explore how digital wallets could impact banking and financial services.

Business, FinTech, Technology, UppLabs

Blockchain and the Metaverse

August 25, 2022

The connections between the financial, virtual, and physical worlds are getting more assertive. The devices we use in our everyday use provide us access to almost anything we want at the touch. NFTs, blockchain games, and crypto payments are no longer limited to crypto-fans. All are now readily available as part of an evolving metauniverse. In this article, we are going to explore the Metauniverse and understand its prospects in the future. 

Business, FinTech, Technology, UppLabs

Everything you need to know about the dApps

August 8, 2022

Navigating today's crypto space is impossible without encountering decentralized applications or dApps. Like regular apps, dApps have a wide range of uses: there are financial services, decentralized file storage platforms, and even games. This article will explore the world of dApps in Blockchain and learn about the concepts, features, benefits, and types of dApps.

Business, FinTech, Technology, UppLabs

Blockchain-as-a-service (BaaS) solutions

July 25, 2022

We know that the use of Blockchain goes far beyond cryptocurrencies, but where exactly can it be applied? One of the most promising ways to use this technology is Blockchain as a Service (BaaS). In this article, we will explore the concept of Baas and when is the best time for companies to use this model. 

Business, FinTech, Technology, UppLabs

NFTs 101: A Useful Beginner’s Guide

July 12, 2022

The emergence and popularity of NFT tokens are already changing the market and creating new formats and concepts of ownership in the digital space. Thanks to the tokens, content creators can earn money without intermediaries, receiving funds from the audience. 

Tokens are already changing the system of digital content copyright and can protect it from illegal copying. It is not only a new market for collectors but also a new way of licensing content. This guide will reveal all aspects of NFT’s world and show you that you can now tokenize any digital object. 

Business, FinTech, Technology, UppLabs

Top Blockchain Trends in 2022

April 8, 2022

DeFi, NFT-art, Ethereum 2.0, metaverses, and central bank digital currencies are the main trends in the world of blockchain, Fintech, and cryptocurrencies now. Everyone talks about them, and their development is easy to predict. In this article, we will try to show you some of the other appearing trends that significantly impact the cryptocurrency markets. We will share our opinion on how these trends and aspects may affect the value of virtual assets and shares in 2022 and the following years.

Business, FinTech, UppLabs

A guide to Fintech development outsourcing by UppLabs

March 31, 2022

Fintech is no longer just a short-term trend. It has become one of the most promising and ambitious markets as the numbers speak for themselves. As for the end of 2021, around 9.000 Fintech startups were in the USA. Meanwhile, the global fintech market value is expected to reach $305 billion by 2025.

To meet high demand, improve efficiency, and quickly adapt to new technologies such as artificial intelligence, blockchain, Internet of Things (IoT), and data science, these Fintech startups are turning to outsource companies to hire specialized technical experts that can create the software. This article provides a detailed guide to Fintech development outsourcing and explains how to choose the right outsourcing Fintech vendor for your product.

Business, Technology, UppLabs

How to get started with offshore software development?

March 17, 2022

The best thing that can happen in human relationships is interaction. Helping each other makes us much stronger.  Cooperation in the IT field is offshoring. It is a moment you turn for help to colleagues from other companies or even countries who are experts in a particular area. 

In this article, we will talk about the pros and cons of offshoring, the challenges, risks, and ways to start with offshore software development for your business. 

Business, FinTech, Technology

How can the blockchain be used for financial services?

February 22, 2022

In the financial services industry, blockchain helps to completely revise the existing structure of banks, speed up transactions, and modernize stock exchanges with proper security. In this article, you can find out more about the influence of blockchain on other financial services and their prospects. 

Business, Technology, UppLabs

Software development vendor’s assessment checklist

February 14, 2022

Or how to choose the best devs for your project

For many years, UppLabs specialists have been bringing large-scale projects to life. Today, we decided to share our main tips on choosing the right professional development team for your project and creating a checklist you can download and follow. 

Business, FinTech, Technology

What is the next big development in Fintech?

January 18, 2022

The current global fintech technologies market size is over $110bn. But development in fintech is growing. Experts say the market will grow at a CAGR of 20.3% until 2030. 

Business, FinTech, Technology

Advantages and disadvantages of accounting system based on fintech technologies

December 30, 2021

What advantages to accounting does Fintech technology have? The accounting field relies on precise organization and analysis of numbers and financial data. Computerized accounting systems aid businesses by minimizing accounting errors and organizing income and expenses of accounts.