Startups

Online food delivery often becomes the most convenient way to order among people. Today there are a lot of apps available with offers for food delivery from different restaurants.  We can meet some of the Best Food Delivery Apps in the World in 2020.

This pandemic and the lockdown both have been challenging and exhausting for everyone. Sitting at home all day has made one’s stomach even more hungry than usual. Everyone loves to eat outside. Didn’t everyone miss restaurant food amidst the lockdown?

Everyone loves having them rather than cooking them on our own, don’t we? Despite this hard lockdown, food delivery apps have made sure that everyone gets their favorite foods, just a click away. All you need to do is order and wait till it comes to your doorsteps. Isn’t that so easy and quick? 

Here are the top 10 best food delivery apps in the world in 2020.

1. Doordash

Doordash is one of the most used food delivery apps, serving in Canada, Australia, and the U.S. Founded by some Stanford University students, it is a digital market for ordering food around the city’s best places. All one has to do is search, place their orders, and wait for its delivery at the expected time. 

Doordash is a popular and successful food delivery app. It allows users to get food from nearby restaurants. During this pandemic, Doordash has also changed it’s default drop off the option to contactless delivery. Thus, it emerged to become the fastest-growing food delivery app during this pandemic situation. 

If you are planning to build a successful food delivery app like DoorDash, You should learn about how to create an online food delivery platform.

2. GrubHub

GrubHub is an on-demand food delivery service and a unique online take out and delivery order marketplace. The app was first launched in 2004, allowing it to partner with many restaurants. Almost 30,000 restaurants are listed on this app. This satisfies the cravings of all the customers across Chicago, New York, and London, making it one of the best food-delivery apps. With Grubhub, one can browse through options such as customer reviews, discounts, coupons, working hours. Isn’t that amazing and smooth?

If you are planning to build an online food ordering system like GrubHub, then you should learn about How does GrubHub work?

3. UberEats

When thinking of ordering something from outside, the first name that pops into everyone’s mind is UberEats. UberEats has been one of the most prominent players in the market. It is one of the initiatives from Uber, a leading cab service company.

Uber Eats can be considered an aggregate business model is constituting a food ordering application and delivery tracking application on a single platform. It is very user-friendly, with all types of payment options available. It ensures hygienic delivery of one’s favorite food with a live tracking system. Also, it worldwide users!

If you are planning to build an online food delivery marketplace like Uber Eats, Then you should learn about the online food delivery business model.

4. Postmates

Postmates is everyone’s one-stop solution for food, drinks, groceries, and what not?! All one needs to order whatever they want and get it delivered to their doorstep. It is a unique on-demand delivery service provider with a unique way of delivering goods when compared to other service providers. 

It is primarily spread over the United States. This app offers people a lot of discounts and easy payment options. One can send gifted meals to any loved ones across the city. Postmates also ensures tracking of the delivery to its customers. In this pandemic, Postmates has also offered contact-less delivery for its customers.

If you are planning to build an on-demand food delivery app like Postmates, you should learn more about how does Postmates work?

5. Instacart

Want to get groceries from your preferred vendor to be delivered? Instacart is the name that comes first in one’s mind! An American company that provides easy grocery shopping across the U.S. In the on-demand sector, this grocery delivery startup made many entrepreneurs learn more about the Instacart business model and provoke them to develop a new thing in the economy. 

It has thousands of options to choose from and many money-saving offers available. This app allows its customers to select grocery shopping from their preferred retailer and get it delivered. Orders can be placed via the Instacart app or through their website. This makes everything pretty simple, right?

If you are planning to build the most popular grocery delivery app like Instacart, you can learn how to create an app like Instacart?

6. GoPuff

GoPuff should be everyone’s go-to app when craving some snacks, pastries, and drinks. It also delivers food from one’s favorite restaurants across the city. This app is considered to be a digital retailer delivering goodies right whenever someone needs them. Also, one can even place an order for their everyday essentials, toiletries, and medicines. All of these services come with a very affordable delivery charge.

7. ChowNow

Chownow is a lifesaver when it comes to ordering delicious food from one’s favorite places. It helps to get access to one’s local restaurants. Based on people’s preferences, it helps one to choose from a wide range of restaurants—a dedicated food delivery app fulfilling all your cravings. Chownow now has a feature that allows the customer to select and order food via the restaurant’s Instagram profile. 

Whoa, how new is that!! 

8. Munchery

Initially founded in the year 2010, in San Francisco, California, Munchery is a food and meal delivery app. It serves tasty chef-made meals to its customers. Munchery was a collaboration of chefs who offered menus to the users. The chefs used to choose ingredients and prepare the meal according to the customer’s order and got them delivered. In return, the users used to rate the meals.

9. Eat 24

With Grubhub being its parent organization, Eat 24 is a web-based food delivery service that partners with all the city’s restaurants. Offering a vast selection of local restaurants even without any efforts, Eat 24 does it all for people. It offers them promo codes, offers, and many more exciting things so that anyone can get their favorite food with just a tap! Want to have your favorite burritos again? Tap that ‘reorder’ option. Yes, this app also allows one to reorder their favorite meals with a simple click. A great option to enjoy, isn’t it?

If you are planning to build the best online food delivery app like Eat 24, then you should learn about the business model of food delivery startups.

10. Seamless

To satisfy any food craving, Seamless is a great option to visit. This app comes with a variety of restaurants and food joints to select from. You can find coupons, offers, and kickback rewards in the app. Seamless is a neighborhood food delivery app.

Each of these apps that are listed above has its perks and is different from one another. One can opt for any of these apps based on one’s choice of preferred food, locality, and services required. The app possesses a real-time order tracking option for a better delivery experience.

How to Create an Online Food Delivery App?

People have a large number of options to select among the food ordering and delivery apps. These are some of the Best Food Delivery Apps in the World in 2020. If you are in search of building an app similar to the apps in the above list, here is an open-source script to help you to create your app.

iScripts NetMenus is an online restaurant delivery software with an administrator panel where you can manage restaurants, customers, orders, payments, and many more. 

Conclusion

These food delivery apps have become popular not just because of their wide range of food options to choose from but also for the convenient payment options and user-friendly delivery options. And this pandemic has also introduced the contactless delivery option, which is a much ch-needed option nowadays, to maintain both their employees’ and customers’ safety.

So why not order some delicious food and satisfy our cravings?!! 

If you are planning to start an online food delivery app the same as the above apps, then just have a look at our product NetMenus.

Contact us to create amazing on-demand food delivery apps.

Peer-to-peer loans are excellent options for people who are seeking loans. Loans are significant in terms of fulfilling your requirements. Besides that, getting a loan in an emergency condition helps you deal with the condition better.

When it comes to peer to peer loans, you don’t need a third-party consultation or a middleman to get your loan approved. Some several online websites and platforms offer peer to peer loan facilities to their clients. These websites connect their clients directly to investors. 

Therefore, no commission or additional charge gets deducted from your loan account for the loan approval. However, these online peer-to-peer lending platforms are great for investors as well. You can expect assured profitable returns as you invest in such an online lending platform. In this article, we will discuss the benefits of the top peer to peer lending platforms in the market.

Lending Loop 

The Canadian online peer-to-peer lending platform’s authenticity is beyond doubt. Lending Loop deals with the top investors, and the process is entirely secure. The loan-approval procedure is relatively easy, and you will get complete assistance from the help desk if you face any issue related to the loan application. If you’re thinking of expanding your small business, Lending Loop is the best platform to get a small finance loan indeed.  

Lendified 

As businesses are all about profits and losses, a sudden loss in your small business can put you into trouble. If something like that has happened to you already, don’t give up and visit the official site of Lendified. Lendified has financially backed a lot of small businesses from different industries. With the platform, you can avail of a small business loan with the minimum paperwork. In addition to all these, the interest rates are also way more affordable than other online lending platforms.

Afluenta 

This is another online peer to peer lending platform that has gained the trust of thousands of clients. The loan sanction process with Afluenta is 100% online-based, and you can avail of your loan without visiting any branch. While applying for a loan from Afluenta, you won’t have to wait for a long to get your loan disbursed. After the submission of all the required documents, this platform disburses the loan as soon as possible.

Check: Advantages of Peer to Peer Lending Business

Briq 

Briq is a friendly platform for investors who are passionate about investing in real estate projects. No matter how much money you want to invest, you have to make sure that the online investment platform is genuine and safe. Briq is one of the safest investment platforms where you can invest in profitable real estate projects comfortably.

M2CROWD 

M2CEOWD is another big name when it comes to investing in vital projects. This platform allows you to check out the grand projects before you invest in one. You can also track the growth of your investment whenever you want. Moreover, reinvesting or withdrawal is possible with a single click through this platform.

LendingClub 

If your business’s growth got interrupted due to a lack of funds, LendingClub is there to help you. This online lending platform offers business loans up to forty thousand dollars based upon your credit score. You can get the loan amount credited to your account within a few minutes after applying for a loan on the official website of LendingClub.

Funding Circle 

Are you all set up your new business, and the lack of funds is holding you back? Avail of a business loan from Funding Circle to convert your dreams into reality. Thousands of investors, lower interest rates, and fast loan processing are the key features of this online lending platform. Moreover, Funding Circle is one of the most trusted lending platforms in the world. So, don’t delay anymore and apply for a small business loan at the official website of Funding Circle.

Check: Top Fintech Startups in 2020

Crowd Lending 

You can invest money in the top real estate project using this platform. On the other side, you can lend your required fund from Crowd Lending if you’re a builder. Crowd Lending is one of the most efficient lending solution platforms that serve a vast number of enthusiastic investors and builders. Visit the official website of Crowd Lending for fulfilling your lending requirements.

FundingKnight 

This is another trustworthy platform that benefits its clients with a bunch of jaw-dropping offers. If you’re an investor, you can earn high profits by investing through FundingKnight. The loan-seekers can avail themselves of business loans at affordable interest rates using this platform.

Prosper 

This online peer to peer lending platform offers attractive loan schemes to its clients. You can select the preferable tenure for repaying the loan as per your convenience. Customizable loan schemes, affordable interest rates, and higher savings on repayments make this platform the loan-seekers’ favorite. Learn more about the interesting business model of Prosper.

Sharestates 

If you’re a builder and are waiting for funds to start your dream project, Sharestates can easily help you get a loan. Hassle-free loan disbursal, comfortable installment payment options make this platform much better.

Fundrise 

Every investor looks for a compact online lending platform, and Fundrise can be an excellent choice for investors. The flexible minimum investment is the most attractive feature of this lending platform. Through this platform, you can invest your money in promising projects that can produce high profits in the future.

Upstart 

Upstart is one of the most reliable peer-to-peer lending platforms that offer high-quality lending services to its clients. You can get your loan sanctioned in an effortless way using this platform, and the loan repayment system is also customizable.

Check: Start your business with Fintech clone scripts

Peerform 

Check your loan eligibility in seconds on the Peerform website and apply for a small business loan easily. This platform offers a lot of attractive features to investors and borrowers that other lending platforms don’t.

Lendinghome 

Lendinghome offers a variety of loan schemes to the builders to help them in accomplishing their dream projects. Faster loan-approval, dedicated client support, and lower processing fees are the main highlights of this platform.

Conclusion

Whether you’re going to invest in projects or lending money, these online lending platforms are the best choices for you.

If you are in search of creating a similar online lending platform,  Then we can help you in building a similar one.

If you are on the lookout for creating a similar deliverable application, avail of a free consultation from our technical team at iScripts by clicking here.

You can also call us on 312-423-6728 or compose an email containing your business requirements and budget to sales@iscripts.com to receive the best digital solutions for your company.

Despite holding the capability to deliver unique & new innovative solutions to the financial sector, Fintech companies are amongst the worst affected industry players amidst the pandemic. The impact of COVID-19 remained severe and interrupted the smooth flow acquired by some major Financial Technology giants. 

While the pandemic has taken a toll on the economy, there lay equal opportunities, especially for Fintech companies, to come out of the hole and seize the day presented ahead. The demand for contactless payments has seen a surge and provided fresh opportunities for Fintech companies to successfully cater to consumers’ changing needs.

In this article, let us discuss the new and improved opportunities for the companies.

What is the New Normal for Fintech companies?

Prior to the pandemic, most Fintech companies faced the challenge to spread enough awareness so that consumers choose to rely on digital platforms rather than physical banks. Hence, the financial technology sector remained in the developing stage. 

Amidst the pandemic and the enforcement of lockdown in the fight against coronavirus, a boom in digital payments was evident. On the brighter side, most Fintech companies have started to leverage their unique & disruptive skills to embrace the financial sector’s technological shift. Based on CNBC’s study, digital payments are likely to reach a mark of 726 billion by the end of 2020. That is indeed a massive high!

Today, consumers are more likely to purchase through online payments as a result of safety measures. Hence, small and big businesses are rebooting the payment modes to digital, whereas Fintech companies are taking significant steps to meet consumers’ new demands. Contactless payments being the new normal for Fintech companies!

Check: Top Fintech Startups in 2020

Top New Opportunities for Fintech Companies

Save recurring costs via remote working- While the Fintech companies have ensured close interaction with the clients & the consumers for better building relations, the new normal of remote working has proven to be a challenge. 

However, it is an ideal opportunity to control office spending as employees would be working remotely, and hence, they would not be utilizing resources offered at the workplace.

Besides that, similar to social events organized for building close relations with the investors or communities, there is an even better possibility to gather individuals through online webinars, live Q&A, and spread technology awareness. Exactly what you had wished for in the past!

An increase in demand for mobile app payments-Vikas Bansal, director at Amazon Pay earlier, shared his inputs on customers relying on Amazon Pay for major transactions. To acknowledge an ever-growing demand for purchasing groceries and other essentials online, PhonePe has enabled the local businesses to sell its products through PhonePe’s virtual stores.

Hence, the Fintech companies are also engaged in responding to the newly emerged need for Fintech payment apps. The government is highly discouraging people from using cash in response to the social distancing norms. The contactless payment solutions are seeing an unprecedented boom.

Strengthening customer relationships- Amidst the challenges, the pandemic has brought a new opportunity for Fintech companies to shift working style based on the customer’s needs. While coping with a customer’s changing demand, various Fintech companies have modified their policies to ensure customers receive a proactive response.

They are quite involved in utilizing Artificial Intelligence and other disruptive technologies to deliver superior customer experience along with a safe environment.

Check: Start your business with Fintech Clone Scripts

What are the areas that require further improvements?

Data Privacy & Security:

Data has been of great concern since the time the digital revolution began in the world. Amongst all, Fintech companies tend to hold a large amount of personal data in terms of credit card details, bank account numbers, and social security numbers. 

This kind of information is considered highly sensitive, and hence, it is the responsibility of companies to ensure the data is not compromised. In the past, we have heard instances where hackers compromised personal information in huge amount despite the robust algorithms.

With users turning to digital platforms to share such sensitive information online and make purchases, the challenge falls upon Fintech companies to secure the provided data & information.

Personal Touch Without The Human Touch:

It is evident how successful Fintech companies have been in implementing advanced technologies for seamless transactions. For years, these companies have made efforts to lure customers to digital payment transactions and remained in tough competition with traditional banks.

However, with a lack of human touch, it is critical to maintaining trust so that consumers are not reluctant about online transactions. A few experienced Fintech companies have acquired the new interaction method through webinars, personalized emails & messages, and online gatherings. The other remaining companies are in a continuous huddle to maintain close relations with the customers despite human touch’s unavailability.

Rethinking Revenue & Expenditure:

The inevitable economic slowdown has affected the Fintech companies and has created a new challenge to manage resources. Remote working has provided relief and allowed companies to save money on unavoidable expenses.

Major Fintech giants are rethinking on their expenditure and cutting down on resources. While the period of COVID-19 has caused a boom, Fintech companies are also remodeling business to withstand the economic pressure. An increase in demand for contactless payments has created room for more employees to handle an overload of online transactions.

Check: Different Options Available to Accept Online Payments

Conclusion:

The world is certainly in the process of recovering from the crisis COVID-19 gladly bestowed upon us. Major industries remained affected and saw a shift in the economy. Similarly, despite holding strong technological skills, Fintech companies were greatly affected and struggled to stand still against the slow economy. 

What comes as a surprise are the opportunities the crisis has brought ahead for these Fintech companies. They have adopted a new approach and are working towards fulfilling the new demand for contactless payments.

More customers now prefer contactless payments over visiting a bank or an ATM for money related requirements. Each major store or a shop has embraced digital existence and catering to their customers’ new demands. Fintech companies are finally a step closer to make customers tech-reliant.

You can contact us on 312-423-6728 or compose an email containing your business requirements and budget to sales@iscripts.com to receive the best digital solutions for your company. Get a free consultation from our technical team at iScripts.

For most economies, start-ups play a crucial role in job creation. Such companies bring forth new ideas and innovations, which give rise to groundbreaking concepts. Moreover, new jobs must be created for emerging economies to absorb the burgeoning population of skilled laborers.

To do so, the growth of start-ups should be encouraged. However, the present COVID 19 crisis brings forth challenges to start-ups’ growth, especially to the emerging economies. Nevertheless, some entrepreneurs perceive these challenges as opportunities to innovate and create new businesses.

Some of the challenges and opportunities that start-ups are facing during the COVID 19 crisis are as follows:

Challenges of Startups

1.Acquiring Funds

The COVID 19 crisis has made it difficult for start-ups to acquire funds. For companies looking to invest in start-ups, it has become challenging to make investments. Financing companies have become wary about investing in start-ups because of the overall economic downturn.

Financial institutions and banks have become strict when it comes to giving loans. The primary reason for this is that it remains unpredictable whether the loans can be realized after the crisis. This economic downturn seems to be trickling down to the start-ups, and the companies are finding it challenging to acquire the necessary funding.

Without funding continuing to work in a crisis becomes difficult for start-ups. However, once the crisis is over and as the economy recovers, things will start becoming better for start-ups for emerging economies.

Check: How to find developers for your startups with equity?

2.Setbacks on the Growth Front

The primary setback that start-ups face with the COVID 19 crisis is that the opportunity to grow has been reduced. The primary reason for this is the imposition of travel restrictions. The acquisition of talent from other parts of the country has also reduced because of travel restrictions.

Similarly, managers cannot travel overseas to meet clients and acquire more business opportunities. The creation of new resources, reaching out to more people, and proving to clients and investors, why investing in their start-ups will prove worthwhile have become a significant challenge.

Entrepreneurs have to depend entirely on digital media to convince clients to invest in their companies. This often prevents companies from growing and acquiring new business opportunities. Travel impositions and inability to meet with clients face-to-face have become significant problems, which have led to setbacks on the growth front for most start-ups.

Check: Advantages of Starting an Online Business During Covid

3. Reduction of Human Resources

With the COVID 19 crisis, strict norms for social distancing have to be implemented. Additionally, it has become essential to allow most employees to work from home. Both of these together have made it difficult for most owners of start-ups to manage their businesses. Say, for instance, your start-up belongs to the retail sector, then maintaining social distancing norms and, at the same time serving customers can prove to be challenging.

Similarly, work from home is not a possible solution for employees working in the retail sector. Hence, start-up owners have to come up with innovative solutions so that their employees’ health is not compromised, and at the same time, the company, too, survives the crisis. 

Opportunities for Startups

1.New Business Options

Although the COVID 19 crisis has brought up several challenges for start-ups, many entrepreneurs perceive it as new business opportunities. Most start-ups are diversifying into eCommerce and retaining customers by providing doorstep service.

For example, if your start-up belongs to the retail sector or owns a start-up that provides home service, you can set up a website, and your customers can reach out to you through the website. Similarly, you can even launch a mobile application and let your customer base know that your services are available even during the COVID 19 crisis.

Many start-ups have diversified into the eCommerce industry and, by doing so, have not only retained their loyal customer bases but also have gone on to expand it. Thus, for such entrepreneurs, the COVID 19 crisis has brought forth new business opportunities. 

Check: How to Start an Online Retail Business?

2.Online Shopping

The COVID 19 crisis has forced most consumers to rely on the Internet to meet their daily requirements. Hence, from purchasing their daily essentials to clothes, medicines, and even electronic gadgets, they become heavily dependent on the Internet.

Many entrepreneurs perceive this as an opportunity to venture into the eCommerce industry. Start-ups that provide Software as a Service (SaaS) perceive this as an option to help such companies thrive in a highly competitive eCommerce industrial sector. If you see the eCommerce industry, it was a thriving industry before the COVID 19 and had significant players.

Now to compete with them, start-ups need to provide customers something new and unique. So most entrepreneurs perceive this as a chance to innovate and provide customers with something new. Similarly, start-ups providing SaaS help these companies come up with unique Software related solutions to simplify the process. This way, both customers, companies, and clients are happy with the working of the industry.

Check: How to Start and Run an Internet Business Successfully?

3.Reducing Expenses

With the COVID 19 crisis, entrepreneurs realize that there are numerous ways of reducing operational expenses. For example, they realize that working from home does not necessarily reduce the efficiency level of employees. In some cases, it can even help employees become more proficient in their work.

Moreover, money can be saved in traveling and maintaining proper offices. When funding is low, then maintaining extensive offices can prove to be cumbersome. Hence, work from home can come across as an opportunity to reduce operational expenses and increase profitability.

Some start-ups are even considering that after the COVID 19 crisis is over, they will not insist on employees to work from the office if they find that their productivity levels remain unaffected while working from home. 

Thus, the COVID 19 crisis can be perceived as a time of both challenges and entrepreneurs’ opportunities. When you look at the challenge offered by the COVID 19 crisis, you will have to look for an innovative solution that will help you overcome the crisis. The only factor that you must consider is that even after the crisis is over, the solution you come up with remains effective.

Have an idea of your own?

If you are planning to start your own business, our dedicated development team can help you to build it.

iScripts can customize any software or even develop a system, app, platform based on any idea or yours from scratch.

Give us a call or shoot us an email to discuss your idea and find out your options for development and implementation.  Any idea is feasible with the iScripts team. 

For more information or questions related to how you can take advantage of the platform, contact us at (312) 423-6728) or sales@iscripts.com

Today’s Fintech industry is witnessing a boom like never before, and all the credit goes to the technological space. As the tech-savvy generation is slowly moving towards a better future, banking and financial options evolved too.

Today is the time and age where mobile banking has taken the lead, and the tech space drives many financial options and institutions. From digital loans, e-commerce payments, and digital currency exchanges, no sector is not touched by the Fintech industry.

In this article, we will unveil 15 startups that revolutionize the financial sector with their innovations.

1. Chime

Chime is a mobile bank that has set a huge pedestal for itself in the banking space. The company is located in San Francisco and offers automatic savings, which is one of its many features. Till now, the mobile banking system has over one million accounts to its name and is also touted as one of the fastest-growing banks in the United States of America.

2. Brex

The company is located in San Francisco and specializes in designing corporate credit cards for tech, e-Commerce. There are many cards features out of which prime are 30-day payment cycles, 10-20 times higher credit limit, and reward points when business purchases are made. The card also lets companies earn points on tool and software purchases as well as food delivery.

Check: Working of Online Payment Gateway Stripe

3. Tala

Tala is another growing Fintech industry that deals with credit, data, and software. One of the company’s prime features is it gives credit access to people in parts of the world like Tanzania, Philippines, Kenya, and even Mexico. Through its app, the company can also employ alternative data to users who have no credit history.

4. Braintree

The head office of Braintree is situated in Chicago, Illinois. The company is a division of Paypal and provides services to all businesses. With products that help market places upgrade their security services, prevent online fraud, and even safeguard user information, Braintree is making transactions and other payment-related services much safer. 

5. Morning Star

Morning Star is another company that caters to the investment and research services. The company is also located in Chicago, Illinois, and has an array of services that easily help investors make financial decisions. One of the ways in which the company is able to achieve this through its professional-grade finance related research.

6. Circle

The circle is a company that deals in Cryptocurrency. Located in Boston, Massachusetts, the company follows a simple yet effective approach that currency shall be secure yet free. Therefore, its services allow users to transfer money and help customers invest new currencies easily.

7. Transferwise

The one and only aim of the company is to make money available to users at mid-market rates. Therefore, the company has no unnecessary fees and has both vendors and users in its platform.

Check: 25 Major Payment Gateways in Different Online Markets

8. Gravity Payments

Gravity Payments is a company that is located in Seattle. The company has flexible payment processing solutions for small businesses and also offers lower rates to them. Equipped with a platform that processes both credit cards, POS, and gift cards, the firm has made the financial transaction easy and more accessible.

9. Opploans

If you feel that it is very difficult to apply for personal loans, then think again. Opploans is a company which has solved this problem of yours. The company offers personal loans in a matter of days. The loan includes every sector like a car, house, family bills, medical emergencies, and so on, thus making it easier for people to get access to lower interest loans. 

10. Suplari

Suplari is located in Seattle and is one of those companies that integrate machine learning in its daily operations.  The company covers all departments like Finance, Procurement, and Operations, along with zeroing on areas where the money is spent needlessly. Users can take the help of the platform to analyze, predict, and cut down costs easily. 

Check: Different Options Available to Accept Online Payments

11. Optiver

The company is headquartered in Amsterdam but also has an office in Chicago. Optiver can be easily deemed as a trading company that facilitates the buying or selling of goods. The company also promotes liquidity by promoting easy exchanges and stresses on building markets.

12. Verifi

Verifi offers payment protection and risk management services to all its customers. The company’s platform is one of a kind as it allows cardholders, merchants, and issuers to access real-time data and get access to secure payments that can battle frauds easily.

Check: Recurring Payment Based Businesses

13. Enfusion

The company is located in Chicago, Illinois, and has an integrated platform that supports a multitude of operations. The platform supports operations like hedge funds, trading, risk management, and accounting. The company’s main mission is providing a concrete view to the clients, which will help them establish an operational efficiency.

14. Trueaccord

If there is one company in the fintech space that has successfully integrated machine learning, it is true. The company helps a thousand others to collect debts in such a way that it suits both the business and the customers. Instead of traditional methods like cold calling and sending over debt collectors, The company uses notifications and texts to encourage customers to payback on time.

15. Blend

The Blend is a digital program that helps simplify the loan process and makes it easier. Located in San Francisco, the company allows customers to get a more transparent look into their business. With low-touch pre-approval and quick data verification, the lending process of Blend is quite simple and hence has been used by major financial institutions till now.

Check: Start Your Business With Fintech Clone Scripts

Conclusion

It is no surprise that the Fintech space is now getting to see major changes day by day. This is due to the fact that technology has navigated itself into this sphere also. With so many startups blooming under the sector, one thing can be easily said that in the coming years, the banking and other financial institutions will surely pull up their socks and come with new innovations to revolutionize the fintech space.

You can contact us on 312-423-6728 or compose an email containing your business requirements and budget to sales@iscripts.com to receive the best digital solutions for your company. Get a free consultation from our technical team at iScripts

Even before the pandemic shook the entire world’s everyday life, we would have often spotted people indulging in discussions over a possible future digitalization.  A few of those seated comfortably consumed in formal suits inside a meeting room throwing big jargon at each other such as Blockchain, Robotics, Artificial Intelligence, Virtual Reality, etc. 

There is just slight indifference that lies within the uncertain birth of a possible catalyst such as COVID-19 itself, responsible for rigorous development in the digital world. And the unsaid has eventually come true.

While there was no stopping of what lied ahead of us, we indeed believed that despite the uncertainty, there would be enough time in our hands to embrace the changes happening across online trends. Well, there is no such thing as enough time now, is there? 

What are some online trends gaining speed amidst a crisis?

For starters, they are not unheard!

They did not come to life overnight but have been lingering around for the past few years. However, these trends’ impact is overwhelming while some might run on a parallel, but other handfuls of these seem to be a matter frowned upon.

Here is a list of top most online trends:

1. Open Source Solutions

The solution has enabled the sharing of resources and innovative technology with others across the globe in order to fight effectively against COVID-19. It is considered one of the powerful ways to bring everyone battling against Coronavirus on collaboration terms.

What are the benefits associated?

• The open-source solutions enable a great deal of knowledge sharing, which was lacking otherwise in the world.
• While not keeping the resources limited to one’s own nation, the solution also makes resources easily accessible on a global scale.
• In response to the required need of the hour that lies in tagging along with changing technology, the incorporation of open source solutions has given a push to a smooth digital transformation.

2. A-Commerce

Automated Commerce or A-Commerce is a revolution in the E-commerce industry. There is a high possibility that with the year 2021 commencing, the E-Commerce industry would have ceased to exist. Too unbelievable? Well, it is already happening!

You might just have to get used to it sooner or later. While until now, Artificial Intelligence has been the main driver of this trend, with the new areas of implementation such as contact-free interaction, Robotics is going to be a key element in designing automation enabled stores.

For example, let’s say your fridge is empty, then with the help of sensors installed, the fridge will automatically detect what is missing, and suggest an a-commerce store at a convenient location with the best products available to make a hassle-free purchase. Your groceries would be delivered simultaneously upon reaching your place. Don’t worry about the money at all since it will all be taken care of in the background.

Check: Which Mobile Apps are Booming During this Pandemic?

3. Virtual Companions

Many articles have been published, and movies were made, such as “Her,” but the topic of incorporating a virtual companion in our lives remained debatable. However, with the crisis surrounding us, it might leave us no choice but to embrace the existence of a virtual companion accompanying us throughout the day.

People might have refrained from using them earlier, but, they will find it hard to say NO amidst the crisis. We evolved in the past, became easily accustomed to digital assistants and chat boxes given the need, and that shows us a promising picture of what lies ahead.

Check: Planning to Start New Online Business in the time of Covid-19?

4. Shop Streaming

A trend claimed to be booming in China is the next big thing waiting to happen across the globe. The live shop streaming provides an experience similar to that of shopping inside the store itself with the help of more interactive videos of a product.

The biggest E-commerce giant Alibaba has gained tremendous results post-implementation of Taobao Live to assist consumers in their shopping. The new technology insists on providing an entertaining experience for those stuck at home.

5. Online Education

Although it has become hectic for parents to make their kids study at home, online education does not leave even post-crisis. With COVID-19 shutting schools all over the world, over 1.2 billion students are now at home studying instead of classrooms.

Besides safety, online classes are also proving in saving time and making home studies effective. With so many language apps and virtual tutoring tools, it appears that online education might become a new normal.

6. Branded Mobile Apps

Since people were not allowed outside their homes, a variety of apps have gained usage in our everyday lives, and their demand skyrocketed almost instantly.

Right from grocery shopping apps to educational apps, other essential ones such as entertainment apps to get rid of the boredom and apps to help in exercising, there are apps available for almost every task. Some of you might have stumbled on ads speaking highly of healthcare apps as well to assist you with basic health-related queries.

Check: Advantages of Starting an Online Marketplace During COVID-19

7. Online food court integrated with last-mile delivery

Considering the number of people ordering food online is higher than ever, the integration of last-mile delivery would ensure quick delivery of items while minimizing the cost of transportation.

Since social distancing has become critical and looks like going to continue shortly as well, the incorporation of last-mile delivery would ensure the experience remains contactless. With the help of Artificial Intelligence now security systems include Ring, home automation, and unattended safe locker delivery in prime locations.

Check: How Does Online Food Ordering Services Make Profit at Crisis?

Conclusion:

The majority of the trends as mentioned above are undeniably helping us in despair, continue to provide a seamless experience of online education, entertaining ourselves while stuck at our homes, and a way to reduce the need for human interaction.

However, it is still a matter of concern since a few of the trends are emerging as new and have been claimed irrelevant in the past. We might just have to wait until the start of 2021 to know the exact impact of these trends across the globe.

Are you planning to start a new online business in the time of Covid-19? iScripts dedicated development team can help you to build your idea. For more information contact us.