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Gamification apps
What is app gamification? App gamification means adding game mechanics and designs to apps that don’t relate to gaming. In the landscape where customer retention becomes a task of creativity, businesses implement gamification to encourage their audience to use the app more consistently. Apps with gamification introduce badges, point systems, and challenges as motivating elements, …
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Digital wallet app
Digital wallet definition A digital wallet is software, usually in the form of a mobile app, that stores bank account information and allows users to pay online or with their phone. Since all the banking data is linked to the app, users don’t have to carry physical credit or debit cards with them. Numerous mobile …
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Neobank
What is a neobank? A neobank is a fintech company that provides banking services exclusively online. While most regular banks have a website or an app, the functionality there is limited, and customers still have to visit a physical branch for less routine operations. Neobanks eradicate this necessity completely. They enable their customers to do …
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Banking analytics
What is banking analytics? Banking analytics describes the process of collecting information pertaining to the field of finance and analyzing it to obtain insights and actionable recommendations. By distinguishing patterns in up-to-date market trends and customer behaviors, fintech companies and banks can transform their operations and significantly improve their service. Modern-day data analytics in banking …
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ChatGPT
What is ChatGPT? ChatGPT is mostly known as an online ChatGPT chatbot developed by the OpenAI laboratory. It is a new generation of smart AI chatbots that generates answers to users’ questions in a dialogue by using natural human conversational language. Unlike other AI-driven chatbots, the OpenAI ChatGPT bot creates unique pieces of content instead …
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Database
What is a database? A database is a form in which information is managed, typically representing a digital hub or a cloud. By database definition, it is data management software that uses a standardized structure to make it easy to store, retrieve, and analyze information. Databases act as a central hub where information can be …
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Tech stack
What is a tech stack? A technology stack is a complex of different tools, databases, libraries, and other technologies used to create a software product. Product development teams can choose different software technology stacks for different projects, as these tools have a direct impact on the results: the scope of work, the purpose of the …
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