Tagged: Research Report

Digital Asset Market Participants’ Perception of DeFi Tokens Shifts from Speculation to Identifying Long-Term Investments: Report

Digital asset exchange OKEx recently published a report, titled: “How centralized exchange volumes illustrate DeFi’s boom-and-bust cycle.” With market data provided by Kaiko, OKEx Insights looks at DeFi‘s “boom-and-bust cycle” in 2020. The exchange notes in its extensive report that as 2020 comes to an… Read More

Northern Ireland has One of the Highest Concentrations of Fintech related Employment in the UK: Report

Whitecap Consulting has released a new report titled, Northern Ireland Fintech Ecosystem Report 2020. It reveals that the region has a population of almost 1.9 million with over 36,000 professionals employed in the financial services or technology sectors. There are at least 74 tech firms… Read More

Russia’s Bitcoin Mining Facilities are Mostly in Siberia, Energy Surplus Allows BTC Miners to Secure Competitive Electricity Rates: Report

The team at HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has published a report titled, The State of Bitcoin Mining… Read More

There are Now 123 Fintech Startups in Vietnam and Over 4.2 Million Digital Wallet Users: Report

Vietnam’s Fintech startup ecosystem has grown significantly between 2017 and 2020, according to a new report. There were 44 Fintech-related startups in the country in 2017 and now there are at least 123 financial technology firms, Fintech News Singapore confirmed. The number of Fintechs operating… Read More

Thailand Is Now Home to 96 Fintech Startups including Crowdfunding, Insurtech, Remittance Payments Services: Report

During the past few years, the Fintech sector in Thailand has grown significantly. The country is now home to at least 96 Fintech startups. Thailand’s Fintech ecosystem includes companies and businesses operating in the digital payments space, blockchain or distributed ledger tech (DLT). There are… Read More

Many More UK Residents are Buying Bitcoin and Other Cryptos as British Pound falls to Lowest Level Against USD in 35 Yrs: Survey

Paxful, a leading peer-to-peer cryptocurrency marketplace, recently published the results of a survey performed with assistance from OnePoll on “the state of the financial climate” in the UK. As noted in a blog post by Paxful, sentiments include recent notions about the country’s traditional banking… Read More

Bahrain and Saudi Capital of Riyadh Named as Top Fintech Ecosystems to Watch Closely: Report

The Kingdom of Bahrain and Saudi Arabia’s capital city Riyadh were recently chosen as the top Fintech ecosystems to watch closely, according to a report from research organization Startup Genome. The researchers at Startup Genome analyzed the economies and deal activities of several different countries…. Read More

Recent Bitcoin (BTC) Price Consolidation Might have Helped XRP Surge 80%, Ethereum (ETH) Also Up 25% in 72 Hours: Report

Bitcoin (BTC), the flagship cryptocurrency, is approaching its all-time of nearly $20,000 which it set back in December 2017 during the historic crypto market bull run. Bitcoin peaked at $18,950 this past week, and has begun to move higher toward its new year-to-date highs at… Read More

Digital Payments Surge in 2020, while Distributed Ledger Tech is in Focus for Digital Currency Solutions, Efficiency Enhancements: Report

Capgemini has released a new report titled, Payments – Top Trends 2021: Drivers, Opportunities, and Risks Shaping Financial Services. While highlighting key Fintech trends in the payments sector, the extensive report noted that Payments-as-a-Service has gained significant “traction” among small- and mid-tier institutions. It added… Read More

Bitcoin (BTC) has Become Less Volatile than Many S&P 500 Stocks, As it Approaches its All-Time High of Nearly $20,000

Bitcoin (BTC), the world’s leading digital currency that’s trading at over $18,000, has become less volatile than many S&P 500 stocks. The team at VanEck, a New York-based investment management firm, has noted: “Historically, Bitcoin has been discussed in the news and among investors as… Read More

DeFi Tokens Aave and YFI Continue to Rally as Institutional Investors back Decentralized Finance Intiatives: Report

Analysts are still quite bullish on decentralized finance (DeFi) as increased capital flows indicate that the market is “primed to move higher,” according to a report from OKCoin. Following Bitcoin’s (BTC) ascent to around $18,700, major DeFi tokens have continued to surge as well. OKCoin’s… Read More

Fintech M&A Market Appears to be Recovering After Struggling in H1 2020 due to COVID

  The Fintech mergers and acquisitions (M&As) market appears to be rebounding from the COVID-19 pandemic. As reported by Financial Planning, the Wealthtech sector seems to be recovering after the Coronavirus crisis had put many deals on pause. RightSize Solutions, a company offering cybersecurity and… Read More

Latin America Needs Strong Fintech Regulatory Framework, Institutional Support before It Can Effectively Leverage New Tech: Report

Carlos Cantú and Bárbara Ulloa have noted in a new paper, which covers Fintech developments in Latin America, that innovative financial technology is transforming financial services in the region. The paper, titled The Dawn of Fintech in Latin America: Landscape, Prospects and Challenges, states that… Read More

Money Transfers via Fintech Platforms have Surged due to Increased Adoption of Digital Banking in the US: Report

The transactional value of the US Fintech market is expected to increase at a compounded annual growth rate (CAGR) of 8.6% over the forecast period of 2019-2024, according to a new report. The report from Industry Research states that Fintech is beginning to transform the… Read More

Southeast Asia has Emerged as Fintech Hotspot with CAGR of 55% in Equity Funding: Report

  Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More

Fintech Solutions Offered by Banks Might Not be Effectively Using AI and Machine Learning due to Lack of Qualified Professionals: Report

There’s been a significant increase in demand for technical workers with data, advanced analytics, and AI skills in the modern banking sector. However, there aren’t enough qualified data and AI professionals to meet the requirements of major organizations across the globe. This major talent gap… Read More

Applying “Old Thinking” to New Problems and Use Cases Might Derail Artificial Intelligence Progress and Integration: Report

Although manufacturing and tech firms have made substantial investments in AI (artificial intelligence), the results have been “mixed,” according to a recent report from Lux Research. The report notes that companies have been “hampered” because they’ve been using traditional or outdated processes to manage AI… Read More

Underserved Singapore based SMEs are Now Considering Switching to Digital Banks: Visa Survey

  Payments giant Visa recently published a study on Digital Banking and SMEs in Singapore. According to the report, 88% of Singapore’s SMEs are now considering switching over to an all-digital banking platform. These findings of the study have been released at a time when the… Read More

Taurus Group Explains how Banking Grade Digital Asset Custody Solutions are Integrated by Financial Institutions

Taurus Group, which provides secure, compliant and reliable infrastructure and tools for digital assets, notes that it has helped many banks and other financial institutions with integrating crypto-assets into their existing business. The Taurus Group provides the infrastructure and technology needed to support transactions with… Read More

Inefficient Payment Processes have Led to Significant Increases in Operational Costs for UK Businesses: Report

UK-based businesses might be “sleepwalking” into a major payments crisis, according to a recent report from Modulr, a Payments as a Service API Platform for digital businesses. The report reveals that payment processes cost UK businesses a substantial £1.5m (or 12% of Opex) with costs… Read More

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