Tagged: research

May 13, 2024 @ 10:57 pm By Omar Faridi  |  

Payment cards remain the most preferred payment tool for e-commerce purchases in South Korea, collectively accounting for over half (54%) of the total e-commerce payments in 2023, signifying a strong preference for secure and convenient transactions among the online shoppers, finds GlobalData, a data and… Read More

May 13, 2024 @ 5:01 pm By Omar Faridi  |  

Research from Uniswap Labs proposes a new methodology for measuring price improvements across Order Flow Auctions (OFAs). Uniswap has been an enabler of automated market makers (AMMs) – which have gained significant traction over the past few years. The Uniswap Protocol alone has “processed over… Read More

May 13, 2024 @ 8:41 am By Omar Faridi  |  

Driven by the prospect of higher interest rates, lower fees, and around-the-clock access, new customers flocked to digital banks during the past year. This, according to research and key findings shared in a new banking sector report. For the most part, the direct banking institutions… Read More

May 13, 2024 @ 7:50 am By Omar Faridi  |  

Low float crypto account for 21.3% of the top 300 crypto by market capitalization, according to an update from CoinGecko. This means that for 1 out of every 5 large cap crypto, “the majority of their token supply has yet to be unlocked, resulting in… Read More

May 13, 2024 @ 7:46 am By Omar Faridi  |  

Carta has released their State of Private Markets: Q1 2024 report. Carta notes that the venture capital fundraising market “remained slow in Q1 2024, but valuations held steady or climbed at almost every stage.” Carta also mentions that the startup fundraising market “got off to… Read More

May 12, 2024 @ 7:10 pm By Omar Faridi  |  

Global insurtech funding falls to its lowest quarterly level since 2018, according to a report from CBInsights. Despite growth in broader venture funding in Q1’24, insurtech (insurance technology) funding declined 18% quarter-over-quarter (QoQ) to hit its lowest level in years ($0.9B), the CBInsights report reveals…. Read More

May 12, 2024 @ 7:09 pm By Omar Faridi  |  

Many countries have launched or are in the process of launching instant payment rails, which are transforming how payments are made and processed, the researchers at Juniper Research noted. However, one key limitation with national payment rails is “that they can only facilitate payments domestically,… Read More

May 11, 2024 @ 5:30 pm By Omar Faridi  |  

Widespread concerns are growing among US employees about escalating cybersecurity threats in the workplace, with 53% worried their organization will be the target of a cyber attack and a third (34%) worried that they may be the ones leaving their organization vulnerable due to their… Read More

May 11, 2024 @ 8:48 am By Omar Faridi  |  

April’s KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signaled a further decline in permanent placements made by UK recruitment consultants. There were reports of a heightened caution “amongst clients, with firms reportedly holding back on recruitment.” However, the overall fall… Read More

May 10, 2024 @ 2:31 pm By Omar Faridi  |  

Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyber threat landscape. The report reveals significant “increases in mobile banking malware and cryptocurrency-related phishing, signaling growing threats to digital financial assets.” 2023 witnessed a substantial rise… Read More

May 10, 2024 @ 9:44 am By Omar Faridi  |  

Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion (NYSE: TRU) released these findings at the company’s 2024 Financial Services Summit. The new TransUnion study, Solving for Z, “explored credit… Read More

May 10, 2024 @ 8:58 am By Omar Faridi  |  

One of the world’s largest asset managers projects that the stablecoin market will tip $3 trillion in the next four years, a 22x leap from today. This, according to an update shared by Ripple Labs. Putting this adoption in context “requires understanding the role stablecoins… Read More

May 9, 2024 @ 2:56 pm By Omar Faridi  |  

U.S. businesses and consumers are rapidly adopting digital, faster and instant payment services, according to studies released by Federal Reserve Financial Services. Digital wallet use saw especially strong growth in 2023 — efficiency-focused businesses increased their use “by 31% over the prior year, and convenience-minded… Read More

May 9, 2024 @ 8:23 am By Omar Faridi  |  

The US, UK, and the Philippines are reportedly leading overall interest in small cap cryptocurrency tokens, according to an extensive update from CoinGecko. According to the research report from CoinGecko, the most degen country in crypto is the US, which “represented 16.8% of global interest… Read More

May 9, 2024 @ 8:02 am By Omar Faridi  |  

Three-quarters of Australian companies are using or piloting Artificial Intelligence (AI) in financial reporting – and in three years time the number will be 100%, according to a KPMG International survey. The biggest leap will be in the use of Generative AI (GenAI), “currently being… Read More

May 9, 2024 @ 8:01 am By Omar Faridi  |  

Varo Bank, a federally chartered digital bank, has shared research about the impact of inflation on cash-sensitive consumers in a new Wealth Watch Insights report. The data shows the strain inflation has caused for this demographic, “with 89% of respondents reporting that they now rely… Read More

May 8, 2024 @ 3:57 pm By Omar Faridi  |  

Research from RedCompass Labs, a firm focused on payments modernization, has revealed that US banks are failing to meet demand for instant payments. The report, “Time to leave legacy behind? Instant payments in the US”,  “surveyed 300 senior payment professionals in US banks to get… Read More

May 8, 2024 @ 8:27 am By Omar Faridi  |  

Over 90% of stablecoin transaction volumes are not being attributed to transfers made by legitimate users, according to a metric created by Visa Inc. (NYSE: V), indicating that these crypto tokens could be far away from becoming a popular method of payment. The dashboard from… Read More

May 7, 2024 @ 12:40 pm By Omar Faridi  |  

BitPay, the provider of Bitcoin and cryptocurrency payment services, released its latest report, “The 2024 BitPay Spending Report,” which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run. Key findings shared by Bitpay include: Crypto payments up 20% from January… Read More

May 6, 2024 @ 9:27 pm By Omar Faridi  |  

The UAE card payments market is forecast to grow at a compound annual growth rate (CAGR) of 10.6% between 2024 and 2028 to reach AED764.1 billion ($208.2 billion) in 2028, according to GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card… Read More