Tagged: research

Emerging Digital Technology Breakthroughs in AI and IoT are Fundamentally Changing Consumers’ Banking Experience: Report

The global digital banking market demand is expected to reach $12 trillion by 2026, according to a new report. The digital banking market from corporate banking is now on track to expand at an 8% CAGR from 2020 to 2026. This growth may be attributed… Read More

Germans are Not Using Banking Apps as Much as Expected, but Are Using Online Trading Apps More Frequently After COVID: Report

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

Belgium: FSMA Report Says €69 Million Raised via Crowdfunding in Last Two Years as Market Grows

The Financial Services and Markets Authority (FSMA) in Belgium has published a report on the securities crowdfunding market. According to the document, during the past two years, crowdfunding offerings carried out in Belgium to finance new projects have raised at least €69.24 million. The period covered… Read More

Non Bank Lenders on Track to Manage $1 Trillion in Assets by End of 2020, Cloud Powered Lending Platforms Needed: Report

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

P2P Lender Robo.cash Claims it’s Been Successful During Current Crisis Because of Profits from 2019 and Working with Affiliated Loan Originators

A study recently performed by the European peer to peer (P2P) lending platform Robo.cash reveals that the main factors for its success during COVID were the profits it generated in 2019 and “work with affiliated loan originators.” Robo.cash claims that “remarkably, interest rates, funding volumes… Read More

Fintech Firms in India are Expecting to Make a Recovery from COVID within 6 Months: Report

Fintech companies in India are now expecting to make a recovery within the next six months, after being hit hard by the COVID-19 pandemic, which has led to many people losing their jobs and businesses shutting down. Indian Fintech firms including payments, lending and neobanking… Read More

Survey on Crypto Indicates Concern of Illicit Usage but Everyone Believes Usage of Crypto as Form of Payments Will Increase in Coming Years

A new study by RUSI and ACAMS tackles the emerging digital assets or cryptoassets ecosystem. According to the survey results, the perception of affiliated risk regarding cryptoassets is mixed with governments and financial institutions seeing cryptocurrency as a significant source of risk. Meanwhile, crypto industry… Read More

Reserve Bank of India Releases New Cybersecurity Report which Outlines the Technology Vision for Local Banks

The Reserve Bank of India (RBI) has released a new report, titled “Technology Vision for Cybersecurity for Urban Co-operative Banks – 2020-2023.” The RBI notes that the document makes recommendations or suggestions on how to improve the nation’s cybersecurity infrastructure of its urban co-operative banking… Read More

Renewable Energy Now Powers Nearly 40% of Proof of Work Cryptocurrency Mining: Report

  Full-time equivalent employee growth in the blockchain and digital asset sector has slowed down following the 2017 cryptocurrency bull market, according to the findings of the 3rd Global Cryptoasset Benchmark Study by the Cambridge Centre for Alternative Finance (released in September 2020 by the… Read More

State of European Fintech During COVID-19

Finch Capital has published a report on Fintech during a challenging time due to COVID-19. The annual State of European Fintech report for 2020 indicates that Fintech is a resilient European Tech growth engine.  For now. Radboud Vlaar, Managing Partner at Finch Capital, says that… Read More

Over 60% of Insurtech Firms are Now Interested in Working with BigTech Companies: Report

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

SMEs in Fintech Scored Highest in terms of “Readiness” for Blockchain or DLT Adoption and Integration: Report

Fintech

Fintech solutions, retail focused platforms, and information communication technology or ICT software programs are expected to lead the blockchain or distributed ledger tech (DLT) revolution, according to a new report. The findings of CIVITTA’s report reveal that finance, retail, and ICT solutions are the “most… Read More

Germany has Over 800 Fintech Firms with $2.2 Billion in Funding Secured since January 2019: Report

Germany has one of the world’s most active Fintech sectors. It has become increasingly competitive with many new ventures being launched. There are more than 800 Fintech firms in Germany and $2.2 billion has been invested into the sector between January 2019 and August 2020,… Read More

Over 90% of Actual Cryptocurrency related Transactions within a Financial Institution Might Not Even be Detected: Report

Current Financial Crimes Enforcement Network (FinCEN) regulations state that it’s the responsibility of all financial service providers to accurately and promptly identify and report any suspicious or potentially fraudulent activity. This activity may be related to how criminals or bad actors exploit convertible virtual currencies… Read More

Fintech Funding in Ireland Surged in H1 2020 as VCs, PE, M&A Deals Secured Over $300 Million in Capital: Report

While many business sectors in Ireland have seen a substantial decline in activity or revenue due to the COVID-19 crisis, that nation’s Fintech industry attracted significant investments of around $328.6 million during H1 2020. This, according to KPMG’s latest report on Fintech deals during the… Read More

Digital Transformation in the Banking Sector Is Being Driven by Need to Reduce Operational Costs, Offer Better User Experience: Report

The global digital banking platform market is on track to reach $9 billion by 2026. It’s currently expanding at a compounded annual growth rate (CAGR) of 16% during the forecast period, according to a new report. According to a release that summarizes the findings of… Read More

The More Financially Literate are Less likely to Invest in Bitcoin (BTC) and other Cryptocurrencies: Survey

Our attitude or approach towards cryptocurrency investments are determined by our understanding or knowledge of basic financial concepts (financial literacy) and our ability to assess the potential risks involved with investing in Bitcoin (BTC) and other digital assets. This, according to researchers Georgios Panos and… Read More

Artificial Intelligence in Banking: Hong Kong Academy of Finance Publishes Report on AI and Fintech

The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research segment of the Hong Kong Academy of Finance (AoF), has published a on AI and banking. Entitled “Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision” the report seeks to provide… Read More

Dr. Rotem Shneor Discusses the Findings of “Advances in Crowdfunding, Research and Practice,” a Comprehensive and Insightful Compendium of Global Crowdfunding Research and Analysis

Rotem Shneor, Ph.D., and two colleagues, Liang Zhao, and Bjørn-Tore Flåten, are publishing “Advances in Crowdfunding – Research and Practice,” a 500-page compendium of articles by 30 contributors, mostly academic researchers, about everything you ever wanted to know about crowdfunding across business models, sectors, and… Read More

Online Lending Sees Drop in Loan Impairments, Majority of Modified Loans Have Resumed Payments

A report this week indicates that in aggregate, loan impairments from online lenders continue to decline. dv01, a data provider in the online lending sector that has partnered with over 25 issuers and provided securitization reporting and analytics on over $100 billion transactions across consumer… Read More

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