“Variations on the digital challenger bank model championed in Europe are spreading globally with new entrants targeting niche customer pain points. Collectively this year, startups in our market map have raised over $1.7B in venture capital.”
via CB Insights
According to CB Insights data, the top three industries that have seen the most artificial intelligence (AI) deals in the last five years are healthcare, security, and fintech. And players in these top AI industries are the subjects of intense ethics debates.
via CB Insights
The appeal of Regtech is that financial institutions can utilize new and disruptive technologies, such as Artificial Intelligence (AI), Big Data analytics, biometrics, blockchain or chatbots to reduce their overall spending on compliance by unlocking more efficient practices.
According to IDC’s new Worldwide Semiannual Blockchain Spending Guide, Europe will be the second-largest investor in blockchain technologies, with a compound annual growth rate (CAGR) of 80.2% for 2017–2022, closing the gap with the U.S., the biggest blockchain investor.
FIS and IBM top the 2018 IDC FinTech Rankings Top 100 and Enterprise 25 respectively. Now in its 15th year, the annual IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services.
Many business leaders have a much better understanding of blockchain technology than just a couple of years ago. There’s been a surge in R&D, both internally and in partnership with third parties, and a recognition that blockchain has the potential to be deployed in a variety of commercial use cases.
The combination of automation and cryptography produces a variety of enterprise use cases that are attractive to a wide range of industries. This study forecasts that increasing adoption of enterprise blockchain will drive the global market size from $4.6 billion in 2018 to $20.3 billion by 2025.