Cryptocurrencies, represents just one type of application of blockchain. Blockchain can underpin a wide range of applications in various sectors, which are not limited to cryptocurrency or FinTech. 

ITSacks aim to strength the integrity of existing financial information and communication technology (ICT) systems, assets and networks, as well as their governance.  

Cyber resilience is strengthened considerably through market participants maintaining basic precautionary standards – or ‘cyber hygiene’ – namely the installation of firewalls, regular security scans or the selection and maintenance of password. Further, supervisory practices could increase cyber resilience too. 

In parallel, ITStacks will also help you assess whether current rules related to cloud services are still fit for purpose and whether they provide adequate protection for meeting security needs of financial institutions. 

Cybersecurity, given the proliferation of cybercrime and the decentralized storage of data, cybersecurity and fintech are intertwined.

We offer the necessary customizations for billing and reporting without overwhelming you with choices. Examples of customizations include: benchmark creation, asset classification names, and reporting type and frequency. For clients who demand complete control, you have full customization ability through our API with a number of ecosystem partners ready to help you. 

This is completely up to you, the advisor/firm owner – we do not send communications from the ITStacks system to your clients, but we do offer you the option to invite some or all of your clients to view reports and invoices, aggregate outside accounts, and share files via your white-labeled client portal.

Our standard onboarding takes less than 30 days from signing the contract with ITStacks to having access to the system. During this time, we manage the historical data conversion, your billing configuration, and any customizations from your former system, so you can focus on your business priorities. Please note that due to significant demand, your onboarding time-frame may be subject to a waitlist.

Our tool is designed to be simple and easy to use. To keep it that way, we have limited excessive customizations, settings, and workflows you need to create at the time of onboarding. Additionally, ITStacks has proprietary automation technology built around typical conversion processes. These together both reduces onboarding time and the learning curve for leveraging our technology.

As fintech operate on the foundation of digital and cloud-based technologies that can prove vulnerable to malicious actors. Cyber Security professionals must take the responsibility for evaluating vulnerabilities, investigating incidents, and creating response plans in the event of security breaches.

Blockchain developers must expertise is use of programming languages such as Python, C, C++, C#, Go, Node.js, Java, and JavaScript to design, build, and launch blockchain technology in line with the requirements and business models of different organizations. 

Looking forward, we expect FinTech disruptors to continue to expand into other areas within financial services. There’s a lot of interest in areas like marketplace lending, credit underwriting, digital cash, treasury functions, deposits, and bill payments.  

We also anticipate a lot of activity in the robo-advice and wealth management space over the next year. Perhaps more importantly, we predict a lot of FinTech innovation in the next 12 months in the business-to-business (B2B) space. You can think of this as “FinTech 2.0.” Here, expect tech innovations like blockchain to come on line. As they do, they’ll start to radically alter business processes and drive down costs. We’re already witnessing a lot of firms exploring how they can apply these breakthrough technologies.