Fintech Veteran Says Most Disturbing Trend Is Early-Stage Firms Raising Back-to-Back Rounds with Minimal Progress or Product Development, Revenue Growth

August 30, 2020 @ 4:51 pm By Omar Faridi |

Frank Rotman, who claims to be a 20+ year Fintech veteran, says that the “most disturbing” trend he’s seeing in the early-stage financial technology ecosystem is businesses or companies raising between two to three back-to-back investment rounds with minimal or not enough progress in-between. … Read More

Read more in: Fintech, Global, Opinion, Strategy | Tagged fintech investment, fintech trends, frank rotman, project valuations, vcs, venture capital

Aspiring Online Lenders backed by Established Corporates are More Likely to Secure Virtual Bank Licenses than Standalone Challengers: Report

August 21, 2020 @ 9:59 am By Omar Faridi |

Digital banking or the use of online services and platforms may have been accelerated due to the COVID-19 outbreak, which had led to many countries enforcing nationwide lockdowns. While many countries are now beginning to “re-open” their businesses, the Coronavirus crisis has led to major… Read More

Read more in: Asia, Fintech, Global, Strategy | Tagged consolidation, consumer behavior, coronavirus, covid-19, digital banks, digital payments, digital transactions, digital transformation, fintech adoption, fintech trends, fitch ratings, mergers, online lenders, southeast asia, virtual payments

Fintech Sector can Expect Apps with Better Customer Experience, Improved UI and UX for Online Payments, Wolfpack Digital Predicts

July 18, 2020 @ 11:39 am By Omar Faridi |

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

Read more in: Fintech, Global | Tagged apis, baas, banking as a service, coronavirus, covid-19, digital banking, digital payments, europe, fintech adoption, fintech trends, neobanks, romania, u+i, user experience, ux, wolfpack digital

Digital Transformation Report: US Consumers were Already Shifting to Mobile, Online, Contactless Payments Before COVID-19

May 19, 2020 @ 11:09 pm By Omar Faridi |

The COVID-19 outbreak has led to significant changes in consumer behavior globally as many people throughout the world are now working remotely from home. Analysts are now questioning whether the behavioral changes are actually permanent or fundamental shifts that will last even after the Coronavirus… Read More

Read more in: Fintech | Tagged consumer behavior, digital banking, digital commerce, digital transformation, digital wallets, diigtal payments, e-commerce, fintech trends, mobile wallets, online paymments, online wallets, united states, us