Nowadays, with e-commerce being the norm, social media is crucial for obtaining these data points. As the saying goes, data is the new oil.

Social media platforms have become invaluable tools for new businesses, helping build brand awareness and engage with customers.  This provides companies with a valuable database of customer preferences.

However, without proper safeguards, the social media channels that drive growth can expose sensitive data and open the door to risks.

In this blog, we offer expert advice on safeguarding sensitive data on social platforms, empowering startups to navigate these challenges while building lasting customer relationships.

Understanding Data Privacy in Social Media

January 28th was Data Privacy Day, and as Forbes mentions, companies must adopt a ‘Privacy By Design’ approach. A culture of data privacy in social media protects a company’s business and helps build trust with customers.

Even a single breach by hackers can damage reputations and lead to costly legal consequences. For instance, Harvard Business Review reports that data breaches cost companies millions annually, not to mention the long-term damage to brand reputation.

Startups must adopt a proactive approach. This begins with accessing the data they collect through social media channels and ensuring the security of customer information.

This means ensuring that social media data, such as profile details and behavioral patterns, is handled securely and responsibly.

Social Media and Data Misuse

Recent studies have unveiled a concerning issue with data privacy and social media. Social media apps like Instagram and TikTok have been responsible for the misuse of consumer data.

The Instagram lawsuits, for instance, argue that companies like Meta indulged in data exploitation and privacy breaches. They also mention how the youth are being manipulated by tweaking algorithms in order to make the platforms addictive.

This highlights the pressing need for more responsible digital practices, especially as social media continues to play a central role in shaping the perceptions and well-being of today’s youth.

Best Practices for Safeguarding Data on Social Media

According to Forbes, bot attacks have doubled in 2023, and cyber attacks will continue to increase every year. To navigate these risks, startups have to adopt some best practices as recommended by experts:

Adopt a Comprehensive Data Strategy

The first step in protecting customer information is developing a comprehensive and strong data strategy. The startup needs to map out all data flows, starting with collection, storage, and finally disposal. This audits the entire flow and helps identify vulnerabilities.

Implement encryption for data at rest and in transit and use cloud storage solutions to ensure that the data remains protected from unauthorized access.

Transparency To Consumers For Data Usage

A 2023 Statista survey found that 39 percent of consumers who get clear information on data usage trust the company more. Startups must clearly communicate what data is being collected, how it is used, and the safeguards in place to protect that information.

Clear Social Media Policies

Creating clear policies on social media is crucial to defining what data can be shared and how it should be handled.

Training employees on these policies can help prevent data leaks and ensure that social media remains a safe channel for consumers.

Adopt Security Measures

It is crucial to empower users to manage their digital footprints. This can be achieved by educating them about best practices for data protection. Tools like password managers, VPNs, and encrypted messaging apps are imperative.

Implement multi-factor authentication (MFA) to strengthen access controls by requiring multiple forms of verification before granting access to sensitive data. MFA is already a popular method among social media users to restrict unauthorized account access.

Implement Advanced Monitoring Tools

Startups must implement technology that provides real-time alerts of any detected suspicious activities. This would help startups respond quickly to potential threats.

According to Forbes, real-time data monitoring and analysis are critical investments for startups that want to minimize fraud.

Legal Insights and Industry Best Practices

Legal considerations are crucial in data privacy, especially in today’s highly regulated environment.

Startups must be aware of the potential legal problems of inadequate data protection on social media. Stringent privacy measures are needed to avoid costly litigation and damage to reputation.

Many startups underestimate the importance of a comprehensive data privacy framework and user safety. TruLaw observes that social media algorithms are manipulated using customer data, resulting in unsafe content for users.

By integrating best practices early and ensuring their users are protected, businesses can preempt issues before they escalate.

The Future of Data Privacy in Social Media for Startups

The landscape of data privacy is evolving every day, and new regulations and technologies are shaping the future. AI and machine learning are technologies that must be adopted to stay ahead.

A Forrester study found that 40 percent of organizations will combine data insights with AI. Startups that aim to grow cannot afford to miss the new data privacy tools that AI offers.

As new technologies emerge and regulatory landscapes shift, staying ahead in data privacy will be key to long-term success.

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Understanding Loan Origination Software

Before going over the pros, it’s essential to know what loan origination software is. Loan Origination Software is a computer program that manages and handles the whole process of loan processing, from the initial application to the last payment. Credit scores, underwriting, organizing paperwork, talking to customers, and making sure rules are followed are all part of it. Lenders can save time and effort on each loan with the help of this software. This makes the whole lending process better.

The Key Benefits of Loan Origination Software

Here are the key benefits of loan origination software – 

1. Improved Efficiency and Automation

The most remarkable thing about loan origination software is that it can do dull tasks for you. The old way of giving money required people to read, enter data, and sign off on papers by hand. This could slow down the approval process. LOS does these things for you, which helps banks process loan requests faster and more accurately.

For instance, when a borrower fills out an application, the software can check their credit record, confirm their proof of income, and get other important information from outside sources. This is made possible by having people take part in only some parts of the process. This makes decisions faster and less likely to go wrong.

2. Enhanced Customer Experience

In this modern age, customers expect to get in touch with banks easily and quickly. Borrowers can get angry, and lenders can lose their chances if the loan approval process takes too long, requires a lot of paperwork, and requires multiple in-person visits. This is fixed by loan origination software, which gives both clients and lenders a simple, easy-to-use interface.

A lot of LOS platforms have websites or mobile apps that make it easy for people to apply for loans, share documents, see how their applications are going, and talk to loan officers right away. This self-service way gives people more freedom to apply for loans whenever it works best for them.

3. Better Risk Management and Decision Making

When donating funds, it’s critical to understand the level of risk involved. The lender can determine creditworthiness and loan default risk. The lender must abide by internal and external regulations.  Risk management is better with loan creation software because it gives you tools to help you look at data and make choices.

Some LOS platforms link to outside data sources, which lets lenders see information about loan applicants right away, such as their credit scores, job history, and financial records. Then, complicated algorithms look at this data to find possible red flags, such as income that doesn’t match up or a high amount of debt to income.

4. Streamlined Collaboration Between Departments

Among the personnel who make loans possible are loan officers, underwriters, compliance teams, and customer service representatives. When everything is done by hand, it can be challenging for these teams to work together and talk to each other, which can lead to delays and confusion.

Loan origination software gives everyone on the team a place where they can work together at the same time. Loan officers can change the status of applications from a single dashboard. Underwriters can look at them and decide whether to accept or refuse them, and compliance teams can make sure that all the paperwork is in order.

Conclusion

New software for loan origination gives banks the tools they need to work faster, make users happier, and handle risk better. This is changing how loans are made. Lenders can focus on what’s important: making their business grow and helping their customers with LOS. Jobs that need to be done over and over are done automatically. It also makes better choices and makes sure that lenders follow the rules.

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Plumery Digital Lending offers market-leading speed with banks, digital lenders and other financial institutions who are able to launch their new lending products in as little as 18 weeks, allowing firms to triple their loan portfolio and capacity while maintaining the same staffing levels.

Many financial institutions are still unable to offer a fully digital loan origination process to customers, forcing them to partially complete a process online before finalising with human intervention. Yet, firms need to move quickly to stay competitive in today’s fast-paced world and benefit from the highest interest rates in a decade.

Ben Goldin, Founder and CEO of Plumery, said: “By transforming the loan origination process into a fully digital experience, banks and other financial institutions can meet the demand for seamless and efficient customer journeys. Firms can configure every aspect of the process, safe in the knowledge they are on top of bank-grade security and infrastructure.”

Digital Lending includes:

• Digital application through web and mobile interfaces
• Secure capture and storage of customer information
• Streamlined, compliant onboarding experience
• Automated application processing and data collection
• Integration with external data sources for accurate scoring and vindication
• AI/machine learning driven credit decisioning with customisable rules
• Digital document generation and e-signatures
• Loan disbursement and integration with core banking or loan management systems

With customer journeys built on the Plumery platform, firms can align with their unique workflows or adapt to changing regulatory requirements – and continue making rapid improvements from there. Plumery offers tools which both developers and business users can employ to make final adjustments, ensuring fast and affordable automation.

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Estas son algunas de las conclusiones del último informe del Centro de Geopolítica de Boston Consulting Group (BCG), “Great Powers, Geopolitics, and the Future of Trade”, publicado hoy.

“El comercio mundial superará los 29 billones de dólares en 2033, pero las rutas por las que viajarán estas mercancías están cambiando a un ritmo notable”, ha señalado Aparna Bharadwaj, managing director y partner en BCG, y global leader de Global Advantage Practice. “Las rutas comerciales ya se estaban desviando de los patrones históricos y los aranceles estadounidenses que se avecinan acelerarán esta tendencia. Navegar por estas nuevas dinámicas será crítico para cualquier negocio global”.

El informe analiza en detalle las regiones y los sectores que se podrían ver más afectados por la imposición de aranceles por parte de los Estados Unidos:

1. BCG modeló el impacto directo del escenario 60/25/20 (aranceles del 60% sobre los bienes chinos, un 25% sobre los bienes procedentes de Canadá y México, y un 20% sobre las importaciones de todos los demás países). Se estima que los aranceles añadirían 640.000 millones de dólares al coste de importación de bienes de los diez principales países importadores a EE. UU., sobre la base de los niveles de 2023, a menos que se encuentren fuentes o proveedores alternativos.
2. En cuanto a las categorías de productos importados por EE. UU., el mayor impacto se produciría en las piezas de automóvil y los vehículos de motor importados, lo que afectaría principalmente al comercio con México, la UE y Japón. Los productos electrónicos, la maquinaria eléctrica y los artículos de moda serían los más afectados por el aumento de los aranceles sobre los productos chinos. Se estima que un tipo arancelario del 60% añadiría 61.000 millones de dólares al coste de importación de productos electrónicos de consumo de China a EE. UU.

“El sistema de comercio mundial es demasiado volátil para que las empresas confíen únicamente en la probabilidad”, ha afirmado Michael McAdoo, partner de BCG y director de Global Trade and Investment. “Planificar escenarios y contar con planes de acción flexibles ayudará a las empresas a protegerse contra posibles inconvenientes y aprovechar nuevas oportunidades”.

Otras conclusiones del informe:

• América del Norte se consolida como un bloque comercial resistente, pero los aranceles y el USMCA podrían condicionar su futuro:

La relación comercial entre EE. UU., México y Canadá, reforzada por años de deslocalización cercana y amistosa para reducir la dependencia de las importaciones chinas, está contribuyendo al crecimiento económico de América del Norte.

Si se evitan los nuevos aranceles de EE. UU. sobre los productos mexicanos, se prevé que el comercio anual entre EE. UU. y México aumentará a 315.000 millones de dólares en 2033, lo que representa una tasa de crecimiento anual compuesta (CARG) del 4%; mientras que el comercio entre EE. UU. y Canadá crecerá unos 147.000 millones de dólares a medida que las empresas que abastecen a los mercados norteamericanos trasladen una mayor parte de sus cadenas de suministro a la región.

• China gira a los mercados del Sur Global:

Mientras el comercio de China con EE. UU. y la UE se ralentiza, está creciendo con fuerza con gran parte del resto del mundo. Se proyecta que el comercio bilateral anual con Occidente se contraerá en 221.000 millones de dólares a 2033, lo que representará un descenso medio anual del 1,2%.

El descenso de 159.000 millones de dólares en el comercio anual entre EE. UU. y China podría agudizarse si EE. UU. aumenta significativamente los aranceles sobre los productos chinos. En el escenario más extremo, se estima que esto reduciría aún más el comercio anual entre EE. UU. y China en torno a una cuarta parte. El coste de los bienes chinos importados aumentaría en más de 200.000 millones de dólares si no se dispone de fuentes alternativas y si los volúmenes de importación se mantienen constantes.

Se proyecta que el comercio de China con los países del Sur Global, por el contrario, aumentará en 1,25 billones de dólares o un CAGR de 5,9% para 2033. Este giro apoyará la agenda geopolítica de China de reducir su dependencia económica de Occidente y estrechar lazos con los principales mercados emergentes.

El crecimiento del comercio total de China se limitará al 2,7% anual durante la próxima década, muy por debajo de la estimación actual de crecimiento del PIB del 3,8%. Esto también es más lento que el crecimiento anual del 4% en el comercio que China disfrutó entre 2017 y 2022.

• El Sur Global está listo para ganar poder:

Uno de los acontecimientos más intrigantes -y menos anunciados- del comercio mundial es el creciente poder de las naciones del Sur Global. Este grupo de 133 países en desarrollo representa alrededor del 18% del PIB mundial y el 62% de la población mundial. También representa alrededor del 30% del comercio mundial. Se prevén varios cambios importantes en el comercio del Sur Global durante la próxima década.

Aunque el comercio con China seguirá creciendo con fuerza, el ritmo se ralentizará hasta el 5,9% de CAGR, frente al 7,5% de los últimos cinco años, a medida que maduren los procesos de fabricación locales.

Por el contrario, el comercio anual entre las propias naciones del Sur Global crecerá en 673.000 millones de dólares durante la próxima década, con un CARG que se acelerará hasta el 3,8%, frente al 2,8% del periodo 2017-2022. El comercio entre el Sur y el Norte también se acelerará, hasta el 3,7% de CAGR desde el 2,3% de los últimos cinco años, alcanzando los 1,67 billones de dólares anuales en 2033.

• La UE se centra en la competitividad:

Las tensiones geopolíticas, la preocupación por la seguridad energética y los desafíos regulatorios han llevado a los 27 países de la UE a replantearse sus relaciones comerciales tradicionales. Se prevé que el comercio bilateral con China se estanque en la próxima década. Se espera que el comercio con Rusia disminuya en unos 106.000 millones de dólares a 2033, a medida que la UE siga reduciendo las importaciones de energía rusa y aplicando sanciones económicas.

Se proyecta que el comercio total de la UE seguirá creciendo un 2% anual hasta 2033. El comercio anual con EE. UU. crecerá 303.000 millones de dólares durante la próxima década, impulsado en gran medida por las importaciones de GNL estadounidense por parte de la UE, mientras que se acelerará el comercio con India y África.

Las empresas también deben seguir de cerca las iniciativas europeas para impulsar su competitividad global en sectores estratégicos.

• Los países de la ASEAN ganan con la reestructuración comercial:

Esta región ha sido una de las mayores beneficiarias de los cambios en la producción impulsados por la geopolítica, como las tensiones comerciales entre EE. UU. y China. Se prevé que el comercio combinado de las naciones de la ASEAN crezca un 3,7% anual durante la próxima década, a medida que mejoren las capacidades de la industria de manufactura de la región y se profundice su participación en las cadenas de valor industrial.

Se prevé que la relación comercial de la ASEAN con China siga creciendo un 5,6% anual, hasta alcanzar los 558.000 millones de dólares en 2033, mientras que el comercio tanto con la UE como con EE. UU. se moderará.

• India avanza con fuerza:

India se está convirtiendo en la otra gran historia comercial del Sur Global, ya que mantiene relaciones favorables con la mayoría de las principales economías del mundo. Se proyecta un 6,4% de CAGR en el comercio total de la India hasta 2033, en torno a 1,8 billones de dólares anuales, en línea con su alto crecimiento del PIB. Entre los factores que impulsarán este crecimiento se encuentran la creciente popularidad de la India como base de producción para las empresas que buscan diversificar las cadenas de suministro concentradas en China, los cuantiosos incentivos gubernamentales para la fabricación, una enorme mano de obra de bajo coste y la rápida mejora de las infraestructuras.

“Para los líderes empresariales, nunca ha sido tan importante adelantarse a los acontecimientos”, ha afirmado Marc Gilbert, managing director y senior partner de BCG, y global leader del Centro de Geopolítica. “Seguir desarrollando cadenas de suministro ágiles y, lo que es más importante, asegurarse de que tienen la capacidad de percibir y reaccionar a los cambios geopolíticos, serán habilidades necesarias para operar en esta nueva realidad de cambios rápidos y grandes riesgos”.

Descargar la publicación aquí.

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The Glasgow-based provider, which offers loans and savings accounts, will go live in the coming weeks with LendingMetrics’ award-winning Auto Decision Platform (ADP).

The platform – a universally integrated SaaS solution that handles real-time execution of credit reference, AML and affordability calls to data providers – will provide application decisions in seconds and free in-house underwriters to focus on areas needing more expert input.

The Scotwest announcement follows on from LendingMetrics’ recent signing of Hinckley & Rugby Building Society, which is also to use ADP. In both cases key factors determining the selection were speed of customer assessments and the ability to make changes to lending criteria with no reliance on an IT team.

David Wylie, Commercial Director of LendingMetrics, said: ‘After considering a range of options, Scotwest decided ADP represented their optimal choice. They particularly liked the facility to change rules in real time by using a simple editor interface. This last feature enables clients to rapidly increase or decrease lending flexibility according to their risk appetite.’

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The latest enhancements include tools like Portfolio View, Allocation, Rebalance, and Tax Loss Harvesting, all designed to help advisors optimize client portfolios efficiently. Additionally, US-based advisors can now access the AI Commentary Generator, a cutting-edge generative AI tool that simplifies the creation of custom portfolio performance reports and market commentary.

“Our web-based Advisor Portal is now more powerful than ever, offering advisors the same robust trading and portfolio management experience they’ve come to expect from our desktop platform,” said Steve Sanders, Executive Vice President of Marketing and Product Development. “With tools like the AI-powered Commentary Generator, we’re empowering advisors to save time, deliver value, and focus on what matters most: their clients.”

Advisor Portal gives financial advisors web-based access to Interactive Brokers’ technology and other resources at no charge, including: PortfolioAnalyst®, a client relationship management (CRM) dashboard, activity statements, QuickTrade, Investors’ Marketplace and more. The latest enhancements bring industry-leading trading tools from its Trader Workstation desktop platform to the web-based portal:

1. Portfolio View provides an overview of client account performance, giving advisors the ability to drill down by individual positions or accounts. Advisors can choose to view values in the native currency of the security or account, or in their own master base currency.
2. Allocation Order allows a single stock order to be distributed across multiple accounts. Advisors can choose to customize the allocation themselves or can use one of 14 allocation algorithms.
3. With Rebalance, advisors can adjust multiple positions across multiple accounts using target allocation percentages.
4. Models enable advisors to manage different portfolio strategies and invest accounts in them in a scalable way. Advisors create their investment models, define their target positions and the tool generates orders to align selected client accounts to the target positions.  Positions can be adjusted at any time and the model rebalance tool can realign client allocations as needed.
5. Tax Loss Harvesting scans advisors’ client accounts for harvesting opportunities, in accordance with US tax laws. Advisors can search for losses at the entire position level, lot level, and within short- or long-term capital losses.

 Introducing the AI Commentary Generator

US-based financial advisors can easily create custom portfolio performance reports and market commentary using the AI Commentary Generator, a new generative AI-enabled tool available through the Advisor Portal. The AI Commentary Generator is integrated with PortfolioAnalyst reporting and is designed to help – not replace – advisors with client portfolio performance reporting, market updates and ticker-specific news.

By combing through dozens of sources and citing them for the advisor’s convenience, the AI Commentary Generator conducts research in seconds that would otherwise take hours to complete.

The AI Commentary Generator provides four sections of content:

1. Portfolio Summary identifies and describes the performance of the five best performing holdings, five worst performing holdings, and five highest concentrated holdings in the selected account.
2. Portfolio News and Trends searches for, and summarizes, publicly available information for news relating to the holdings identified in Portfolio Summary.
3. Macro Update summarizes content from the Federal Reserve’s Beige Book as well as Federal Open Market Committee (FOMC) meeting notes.
4. Economic and Market Outlook searches publicly available information for all market news and provides a summary.

Interactive Brokers’ free portfolio management offering, PortfolioAnalyst, offers a unified and holistic view of client accounts plus an extensive selection of reporting and analytics content. It enables advisors to consolidate their clients’ finances from over 15,000 financial institutions, assess client portfolios and simplify investment decision-making.

“We’re excited about our clients’ early response to the AI Commentary Generator in the US and look forward to rolling it out to advisors worldwide,” said Sanders. “Interactive Brokers is always looking for new ways to apply innovation and automation to help advisors everywhere be more efficient and more engaged with their clients.”

The AI Commentary Generator is only available to US-based financial advisors.

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Brokers using Nullpoint’s CRM can now add Brokeree’s PAMM and Social Trading solutions across their trading environment. This collaboration combines Nullpoint’s expertise in brokerage operations management with Brokeree’s specialized investment solutions to create a cohesive solution that enhances trader engagement and operational efficiency.

With this integration, brokerages can now offer their clients cross-server trading capabilities, so traders from different MetaTrader 4 and 5 servers can share trading signals and invest in each other’s strategies without technical limitations. This removes server-based limitations and creates a single investment pool that maximizes trading opportunities and investor participation.

The partnership enhances Nullpoint’s IB Management System by incorporating advanced rebate schemes and commission structures within PAMM and Social Trading frameworks. This allows brokers to earn commissions based on master traders’ and investors’ trading volumes. This creates more diverse revenue opportunities within the investment ecosystem.

“Our collaboration with Brokeree has been nothing short of exceptional. Their seamless integration with the Nullpoint CRM and Client Area Ecosystem has enabled us to provide enhanced solutions for brokerages, benefiting both money managers and investors. Their PAMM integration works flawlessly with our IB Management System, supporting advanced rebate schemes and commission structures. We highly recommend working with Brokeree for their expertise, reliability, and innovative approach, which make them a trusted partner in delivering cutting-edge solutions to the brokerage industry,” said Nullpoint’s press release.

For money managers and signal providers, the investment systems offer extensive fee configuration options, including management fees, performance fees, and platform fees. The solution also implements robust risk management features, including proportional copying, advanced stop-loss settings, and comprehensive monitoring tools to ensure stable system performance.

“The integration of our Social Trading and PAMM systems with Nullpoint is now available.This advancement enables brokers using the CRM system to benefit seamlessly from the combined strengths of both advanced technologies. It is designed to align with our clients’ interests and meets the market trend towards integrated technologies and turnkey solutions,” said Jesse Waiganjo, Senior Business Development Manager at Brokeree Solutions.

Both Social Trading and PAMM may be complemented with the Ratings Module, a solution designed to increase brokers’ website visitor conversion and client attraction. The module collects trading history, calculates performance indicators, and displays them via interactive dashboards. It is especially suitable for brokers who organize traders’ competitions or provide their clients with investment systems such as PAMM or Social Trading.

• The solution instantly processes all new changes;
• The web interface provides administrators with extensive customization abilities;
• Inbuilt templates for displaying trader statistics via cards, rows, and tables widgets.

To help traders navigate through the ratings of their peers or available money managers, brokers may add custom filtering options. This way, traders may sort the list by country, risk of their trading strategies, profitability, or any other chosen indicator.

About Nullpoint Technologies

Nullpoint Technologies, founded in 2017 with offices in Cyprus and Barcelona, delivers advanced SaaS solutions for Forex brokerages, including Forex CRM, IB Management, as well as MT4/MT5 Hosting and Administration. With a strong track record, years of industry experience, and a team of seasoned professionals, the company helps brokerages optimize operations and drive sustainable growth. Their in-house trained support team ensures consistent service and builds long-term, successful relationships with brokerages, delivering innovative solutions that exceed expectations.

About Brokeree Solutions

Brokeree Solutions is an international provider of technological solutions for multi-asset brokers worldwide. With 10 years of industry expertise, the company specializes in turnkey solutions development, trading platform servicing, and consultation for retail brokers using MetaTrader 4 and 5. Brokeree Solutions’ extensive product portfolio includes flagship systems like Social Trading, PAMM, Prop Pulse, and Liquidity Bridge, offering comprehensive technologies that address almost any broker’s needs.

Brokeree Solutions’ Technological Offerings

Brokeree’s product portfolio covers almost every possible broker’s request for MetaTrader 4 and 5. Several key categories of solutions may level up the infrastructure of the brokerage business:

• Portfolio and money management;
• Risk mitigation;
• Liquidity aggregation;
• Bonus distribution;
• Symbol configuration.

For more information contact sales@brokeree.com

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La banca digital crece más y más, según revela el informe La digitalización como eje de transformación bancaria, realizado por Funcas-KPMG. En España, el uso de banca digital alcanza el 70 % de la población, por encima de muchos de sus comparables europeos. Está previsto que en los próximos cinco años se aproxime al 85 %, es decir, se logren seis nuevos millones de clientes más. La contratación digital ofrece a los clientes y usuarios mayor flexibilidad y accesibilidad, tomar decisiones informadas y realizar transacciones desde cualquier lugar y en cualquier momento, sin necesidad de visitar una sucursal física. La optimización financiera es otro de los beneficios de la banca digital en concreto hasta 250.000 millones de euros podrían ahorrar los consumidores europeos si adoptaran herramientas de gestión digital como la Inteligencia Artificial (IA) para gestionar sus finanzas, según recoge el estudio realizado por Visa (marzo/ abril 2024) entre consumidores de Francia, Italia, España, Polonia, Alemania, Suecia y el Reino Unido.

El crecimiento del canal digital en la contratación digital de productos financieros es una tendencia al alza, así lo revela el reciente informe de Funcas (octubre, 2024) “Contratación digital de productos financieros: una tendencia al alza” que examina la evolución en el uso de la banca y la contratación digital de diversos productos financieros. El informe también revela que, en el canal digital, además de una mayor contratación de productos financieros y compraventa de activos financieros, existe también un crecimiento en el ámbito del crédito. En concreto, y como puede verse en el siguiente gráfico (gráfico 1 de dicho informe), en 2023 a un 3,8 % de los usuarios de internet les fue concedido un préstamo o hipoteca a través del canal digital, una cifra 3,4 veces superior al registrado en 2016.

En España, la automatización de los procesos financieros está teniendo una enorme repercusión. De hecho, según revela una reciente investigación realizada por Visa (líder en pagos digitales), más de un 27 % de los consumidores españoles estarían dispuestos a dejar que la IA gestionara su solicitud de hipoteca y un 32 % lo harían si pudieran automatizar el proceso de manera segura; este último porcentaje sube hasta el 40 % entre los jóvenes de 18 a 34 años. Asimismo, también refleja que una cuarta parte de los consumidores españoles permitirían que la IA automatice de manera segura su cartera de inversiones y el 35 % confiaría en la IA para pagar sus facturas mensuales.

La implementación de la automatización en materia de préstamos ha beneficiado tanto a los clientes como a las entidades financieras. Ha mejorado la eficacia financiera, los créditos son aprobados en tiempo récord, con un menor costo y una mayor precisión y transparencia para los usuarios. Nuestra tecnología, afirma Antonio García Rouco, director general de GDS Modellica, empresa de GDS LINK, “permite otorgar créditos en tiempo real, mejorando significativamente las condiciones de los usuarios. Ofrecemos una experiencia más rápida, personalizada y eficiente, asegurando resultados positivos tanto para las instituciones como para sus clientes”.

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Backed by prominent figures including DNS designer David Holtzman, former White House Chief of Staff Mick Mulvaney, and Shanfari & Partners Chairman H.E. Sheikh Thamer Said Ahmed al-Shanfari, this innovative protocol transforms traditional untrusted devices into a decentralized security layer of cyber-trusted validator nodes, eliminating single points of failure that plague centralized security systems.

Decentralized Security: A Necessary Shift Amidst Rising Centralized Failures

The launch comes at a critical time, following the CrowdStrike outages in July 2024 that demonstrated the vulnerabilities of centralized security frameworks. These incidents disrupted global services across aviation, banking, and media sectors, highlighting the urgent need for decentralized security solutions.

“Current centralized models are vulnerable by design,” states David Carvalho, CEO & Founder of Naoris Protocol.”Our protocol decentralizes digital security, where every device becomes a secure validator node as part of a trusted, incentivized layer that uses post-quantum cryptography to create a real time, decentralized validation brain.”

The protocol introduces four key innovations:

• Post-Quantum Security: Designed to withstand quantum computing, ensuring sensitive data and blockchain infrastructures are protected from next-generation cyber threats.
• Decentralized Security Layer: Devices actively validate and prove their trusted state in real time, creating a self-reinforcing security layer that scales without weakening.
• Incentivized Security Model: Devices are rewarded for maintaining security validations across the network to continually reinforce cyber defenses.
• Real-Time Validation: Continuous verification of node integrity mitigates risks of compromise or collusion, a stark contrast to static and reactive centralized systems.

Impact on Expanding DePIN Ecosystems

With the DePIN market projected to reach $3.5 trillion by 2028, Naoris Protocol positions itself as the critical security DePIN for both Web2 and Web3 infrastructures. As DePIN expands into various industrial applications, the protocol provides essential infrastructure for DePIN ecosystems across cloud computing, storage, wireless and energy, offering unprecedented cyber resilience for community compute network models.

DNS pioneer David Holtzman, serving as Chief Strategy Officer, emphasizes: “Naoris Protocol is not just another blockchain project; it’s the security backbone that enables the entire DePIN sector to thrive safely. This could be the catalyst that propels decentralized infrastructures into mainstream adoption.”

Incentivized Testnet Launch

The upcoming Testnet launch will allow users to participate in stress-testing this revolutionary system. Validating and maintaining security standards, while counteracting threats like phishing and network breaches, the testnet will lay the groundwork to seed a global post-quantum cybersecurity DePIN.

For Testnet participation, visit https://naorisprotocol.network/

For more information, visit https://www.naorisprotocol.com/  Naoris Protocol is available for interviews and technical demonstrations of their groundbreaking DePIN solution for cybersecurity and digital trust.

Check out their White Papers

The post Naoris Protocol announces World’s First Post-Quantum DePIN for Cybersecurity & Digital Trust ahead of Testnet appeared first on Fintech News.

Digital Banking Fundamentals

Modern banking offers a range of tools and features designed to improve financial control and reduce unnecessary fees. Users can take advantage of low-balance alerts to avoid overdrafts, set up automatic transfers to maintain a financial cushion, and regularly review account activity to track spending habits. These tools, combined with real-time balance tracking and instant notifications, help users stay informed and in control of their finances. Automated bill payments, recurring transfers, and mobile check deposits further simplify money management, while peer-to-peer payment systems have made physical banking visits nearly obsolete.

Additionally, services like overdraft protection, which link checking accounts to savings or credit lines, ensure transactions are processed even during temporary shortfalls, providing a critical safeguard against declined payments. Some institutions also offer grace periods for overdrafts or waive fees for minor overages, adding flexibility for users managing their accounts. Enhanced features, such as transaction categorization and spending insights, empower individuals to make informed decisions and proactively avoid financial pitfalls. Together, these modern banking innovations create a seamless and integrated approach to managing daily financial needs.

Budgeting and Expense Tracking

Digital budgeting tools have revolutionized expense management through intelligent automation. These platforms automatically categorize expenses, creating detailed spending patterns that inform better financial decisions. Custom budget creation and tracking tools adapt to individual financial goals, while bill payment reminders ensure timely payments. Multi-account aggregation provides a comprehensive view of financial health across all accounts and institutions.

Investment Platforms

Digital investing has democratized access to financial markets through intuitive platforms and reduced barriers to entry. Commission-free trading apps enable investors to start with minimal capital, while robo-advisors provide sophisticated portfolio management using advanced algorithms. Fractional share investing has made diversification accessible to all investors. Real-time market data and analysis tools, combined with automatic portfolio rebalancing, help maintain optimal investment strategies.

Credit Monitoring and Management

Modern credit management platforms provide comprehensive tools for building and maintaining strong credit profiles. These systems offer continuous credit score monitoring and detailed report analysis, along with personalized recommendations for score improvement. Advanced identity theft protection features safeguard financial information, while integrated tools help users compare credit products and optimize their credit utilization.

Emergency Fund and Savings Tools

Digital platforms have transformed the savings process through automation and behavioral science. Smart algorithms analyze income patterns to determine optimal saving amounts, while automatic savings rules and round-up features make the process effortless. High-yield online savings accounts integrate directly with these tools, maximizing returns on emergency funds and short-term savings goals.

Debt Management Resources

Comprehensive debt management solutions help users take control of their financial obligations. These platforms track multiple debt accounts and create optimized payoff strategies based on interest rates and balances. For those seeking financial stability, online loans and various repayment options are available through digital platforms. Advanced calculators demonstrate interest savings across different payoff strategies, while automation ensures consistent payments.

Tax Preparation and Planning

Digital tax tools have streamlined tax management into a year-round process. These platforms automatically organize financial documents and track income and deductions throughout the year. Tax liability estimation tools help prevent surprises, while intelligent systems optimize filing status and deductions. Digital record-keeping ensures all necessary documentation is properly stored and easily accessible.

Retirement Planning Calculators

Advanced retirement planning tools provide sophisticated modeling capabilities for long-term financial planning. These systems account for multiple scenarios, incorporating Social Security benefit estimates and healthcare cost projections. Income replacement analysis helps determine necessary savings rates, while portfolio sustainability testing ensures retirement strategies remain viable through market fluctuations.

Insurance Management

Digital insurance platforms have simplified policy management and optimization. These systems analyze coverage needs and identify potential gaps, while streamlining claims processing and documentation. Integrated premium payment management ensures continuous coverage, while risk assessment tools help optimize insurance costs across all policy types.

Financial Education Resources

Digital learning platforms provide comprehensive financial education through multiple formats. Interactive courses and expert insights help users understand complex financial concepts, while market analysis tools allow practical application of knowledge. Community forums facilitate peer learning and discussion of financial strategies.

Security and Privacy Tools

Robust security features protect digital financial activities through multiple layers of protection. Two-factor authentication and biometric login options secure account access, while continuous transaction monitoring and fraud alerts protect against unauthorized activity. Encrypted data storage and secure document sharing protect sensitive financial information.

Integration and Automation

Modern financial platforms excel at creating seamless connections between various financial services. Cross-platform data synchronization ensures consistent information across services, while API connections enable automated financial rules and alerts. Regular financial reviews and performance reporting provide insights for the ongoing optimization of financial strategies.

The digital financial landscape continues to evolve, offering increasingly sophisticated tools for personal finance management. Success requires selecting the right combination of tools, maintaining security protocols, and regularly reviewing and adjusting financial strategies. Focus on platforms that offer strong security features, intuitive interfaces, and comprehensive integration capabilities with other financial services.

The post Navigating Personal Finance in a Digital World: Essential Tools and Resources appeared first on Fintech News.