Tag Archive | banking

Global Fintech and Open Banking Market Outlook

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The fintech revolution continues to gather momentum. Global investment in fintech ventures more than doubled from $26.67 billion in 2017 to $55.33 billion in 2018. During the same period, the number of deals rose by 18.5% to 3,251.

via Knowledge@Wharton

The U.S. Leads Top Acquirers in Payment Tech

The U.S. Leads Top Acquirers in Payment Tech

Three out of the top five M&A deal makers (in terms of volume) during 2014-2018 were from the U.S. market. Germany-based Wirecard AG and China-based Ant Financial Services Group were the two other companies featured in the top five list.

via GlobalData

Digital Money Transfer will Reach $525 Billion by 2024

Digital Money Transfer will Reach $525 Billion by 2024

Mobile and online (digital) money transfer offerings will continue to transform the market. New technologies, such as blockchain, will further accelerate the trend.

via Digital Lifescapes

How Financial Services Disruption Created Opportunities

How Financial Services Disruption Created Opportunities

According to Juniper Research, driven by the increasing acceptance of alternative approaches to traditional banking solutions, fintech platform revenues will reach $638 billion by 2024 — that’s up from an estimated $263 billion in 2019.

via Digital Lifescapes

Digital Payments Reach $6.7 Trillion in B2B Transactions

Digital Payments Reach $6.7 Trillion in B2B Transactions

According to the latest worldwide market study by Juniper Research, B2B transactions processed by pureplay digital payment operators will reach $14 trillion by 2023 — that’s up from $6.7 trillion in 2018.

via Digital Lifescapes

Data Protection and the Future of Financial Services

Data Protection and the Future of Financial Services

“92 percent of those surveyed agreed that companies must be proactive about data protection. The good news for banks: most consumers (42%) trust them more than any other industry, apart from hospitals.”

via World Economic Forum

Why Small Business Banking Has Been Disrupted

Why Small Business Banking Has Been Disrupted

Fintech has discovered SMB banking. “Small and medium-sized businesses are crucial sources of revenues and profits at most banking providers, so the prospect of bank brands losing their relevance among SMEs should keep bankers awake at night.”

via Forrester