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Top FinTech Trends for 2018

AvidXchange

Instead of the bank or government handling transactions, a set of computers and ‘miners’ do all of the virtual processing. A lot has happened in the blockchain world since its launch in 2011, and this year its growth is proof that 2018 may be the biggest blockchain and bitcoin year yet. The next up and coming trend is edge computing.

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Preventing payment fraud and shadow spending

Nanonets

billion in 2011 to $32.39 Companies may also incur expenses related to potential restitution, program reviews, audits, and retrofitting or redesigning of processes and systems. Satyam Computer Services , an Indian IT services company, faced a major financial shadow spend scandal in 2009. Payment fraud has tripled from $9.84