According to Tony Moroney, Managing Partner at Beta Digital, 12 percent of UK residents switched to digital banking between March...
Sifted has created a list showcasing women who are founders or c-suite executives at highly valued fintech companies across Europe;...
The funding followed by Dragoneer, Monashees, and Atlantico is one of the largest Series A rounds ever received by a Latin American insurtech
A new survey by Deposit Solutions says 20 percent of UK consumers are considering a savings account switch; 17 percent...
Blockchain has been becoming increasingly utilized across a range of industries; speculators believe 2017 could be blockchain's biggest year ever with a number of factors supporting the technology; bitcoin's price has been increasing, reaching a three-year high in January; market participants have been strengthening led by the Hyperledger Project; investment has also been increasing, specifically investment in patented blockchain technology. Source
Decreased venture capital funding and fintech challenges in 2016 slowed the market for initial public offerings (IPOs); experts believe the IPO market could be revived in 2017 with four companies at the top of the list to watch for a potential public offering; companies include Transferwise, SoFi, Ant Financial and Credit Karma; all four companies have significant venture capital support and are likely leaders for the fintech IPO market in 2017. Source
A venture capitalist blogpost from avc.com provides some interesting predictions for 2017; expects the US stock market to continue its bullish trend higher into the first half of 2017 with support from corporate and personal tax cuts from President Trump; thinks tech initial public offerings (IPOs) will increase in 2017; Google and Facebook will see some challenges as monopolies; software as a service companies will consolidate; artificial intelligence (AI) will continue emerging with corporate AI strategies a top priority for businesses; venture capitalists will invest in genomics and biometrics; crypto programming will be important for cybersecurity. Source
The insurance industry is adopting innovative technologies for profitable and sustainable growth; 2017 could be a transformational year for the insurance industry; key trends in insurance technology for 2017 include: artificial intelligence, predictive analytics with machine learning, cloud-based infrastructure, customer experience, and data solutions centered around internet of things technology and big data. Source
2018 has not been kind to the digital currency as it is down 50 percent against the dollar and the first quarter is the second worst on record; regulation, a clampdown in Asia hurting volume and the big price run up in late 2017 have all hurt Bitcoin; the prevailing thought about making fast cash has gone away as the price has dropped; the price today stand just below $7,000, down from a high of $20,000. Source.
Last year was a busy year for the US fintech industry, which welcomed 15 new companies on the public markets. Investors were betting big on fintech startups, but this confidence seems to be dying out.