Ferhan Patel

The Crypto Currency world in the US is heating up with a new report released by the US AG which took an in-depth look at 13 exchangers.  It detailed all the ways the exchanges could fail to protect their customers against scams, fraud, deceit and manipulation.   The New York AG sent a voluntary questionnaire earlier in the year to those exchangers, and most responded back with the exception of 4.   Binance Limited, Gate.io,  Huobi  Global Limited, and Kraken. You can read more at: Ferhan Patel

This blog was originally posted on here: Ferhan Patel's Technology Website --- Fifty years ago, people expected to pay with cash more often than not when they went to purchase a product or service. Nowadays, the world of payment is entirely different. Because we have the internet at our beck and call at all hours of the day from numerous different types of devices, whether they are handheld or desktop devices, people’s expectations have skyrocketed of companies both large and small. This new found sense of urgency in gaining information and completing previously complex tasks in seconds from anywhere in the world has proven to improve business’ abilities to meet customer needs in new and profitable ways. On the contrary, this has also costed some companies their competitive edge. Because people have a much smaller tolerance for delayed gratification, it is only getting harder for companies, particularly smaller companies, to stay relevant. Customers, although well meaning, ...

This blog was originally posted here: Ferhan Patel's Technology Website --- As technology has exponentially improved over the past century, payment methods have improved, as well.  With the “FinTech,” or Financial Technology, industry booming, customers have been increasingly impressed and provided for by some of the tools FinTech companies have created. Scheduling Meetings Whenever someone wants to meet with a banker, for example, the usual process goes something like this: A customer walks into a bank, waits in line, and/or waits for the next banker to be available.  There is no guaranteeing how long a customer will have to wait, and this can be quite inconvenient for customers.  So, a handful of banks, such like Wells Fargo, are now allowing customers to make consultations with bankers online.  This makes the process of working with a bank much shorter and more convenient for customers. Virtual Tellers Virtual tellers are now being provided by Banc...

The financial technology, or FinTech, industry has been spreading over the course of the past decade, and it is only getting bigger. Using technology to organize and control finance used to be just an idea, but is now used by big banks and Wall Street firms. Banks have even begun investing in FinTech startups in order to get ahead of competitors, by receiving the latest innovative product before anybody else. Unfortunately, this explosion of FinTech in big banks and investment firms has made smaller companies struggle. However, that is beginning to change. Startup companies focused on FinTech are now seeking out smaller community banks that are thinking about going national. The banks want to become relevant in the digital age, and the startup companies want more business. Technically, this arrangement works for everyone. It is also arriving at a time in which the Federal Reserve is making decisions that will detrimentally affect small banks. The Federal Reserve wants to work on ...