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The global financial technology market is expected to grow to $309.98 billion at a CAGR (Compound Annual Growth Rate) of 24.8% through 2022. This is according to a report released by the Business Research Company. Fintech Global Market Report The FinTech market, that consist of sales of technology solutions and products, is expected to grow…
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According to the Global Financial Centres Index (GFCI 26), the number of financial centres in the index increased from 102 to 104 cities. At the same time, four Chinese cities, Beijing, Shanghai, Guangzhou and Shenzhen are part of the top five Fintech hubs in the world. Financial Centers Report According to the GFCI 26 report,…
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South Korea is expected to be setting up a $252 million fund (₩300 billion won) in order to help fintech firms receive more money to improve their operations. The information was released by the local financial regulator on September 18. South Korea To Help FinTech Firms According to Eun Sung-soo, the Chairman of the Financial…
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Financial startups could be ready to register as much as $280 billion in revenue that banks would now be missing out. According to a report released by Accenture, the global payment business is expected to reach $2 trillion by 2025. Nevertheless, banks would be losing 15% of their global payments revenues. FinTechs To Increase Pressure…
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Singapore-based Fintech bank, Arival Bank has raised $2.3 million dollars in a pres-series equity crowdfunding campaign. The campaign was spearheaded by two other companies. These were UK-based Crowdcube and New York-based Seedinvest. Arrival Bank is a fintech bank for both medium and small-sized enterprises and crypto businesses that was founded in 2017. It partners with…
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In spite of the storm around Brexit and the effects it has had on the United Kingdom’s economy, fintech firms in the United Kingdom are thriving. Three years after Brexit was first announced, players in FinTech are experiencing high growth levels. The UK collectively voted to leave the European Union, a move which potentially could…
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Whether it’s mobile banking, cryptocurrencies like Bitcoin, or customer onboarding times that now take minutes instead of days or weeks – The FinTech industry is moving at an incredible pace. However, we are still a long way away from what FinTech of the future will look like. Notably, with the likes of machine learning and…
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American tech giant, Apple Inc. could potentially be expanding its presence in the FinTech sector by allowing users to send money to their friends & family using the iMessage App. The Apple Pay service launched in October 2014, allowing users to use it as a digital wallet on devices such as the iPhone 6, iPhone…
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Coinbase stock (NYSE: COIN) is down sharply in early US price action today after the US SEC sued it for allegedly breaking US security laws. In its complaint, the SEC alleged that Coinbase let its customers trade in multiple cryptos which were unregistered securities. “Coinbase has never registered with the SEC as a broker, national…
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Coinbase stock (NYSE: COIN) gained almost 7.5% yesterday and rose to the highest level since March after Atlantic Equities upgraded the stock to overweight. Analyst Simon Clinch sees Coinbase stock as a long-term opportunity despite the short-term volatility. According to Clinch, “The company is regaining custody asset share and is also leveraging its trust credentials…
