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Following industry turbulence, governments in the US, UK, and Europe are proposing measures to protect digital asset owners from the threat of unregulated risk. The fall of FTX has capped off a difficult year for cryptocurrencies. With an estimated industry-wide loss of $3.9bn in 2022, a recent report into all crypto losses has identified that ove...
10 March 2023 /payments /crypto
Maksym Popov COO at 42flows.tech
Evolution of Payment System In the last decades, payment processing has been organized around the usage of payment plastic cards and POS terminals. In many countries, inserting or rolling a card through the POS terminal was recognized as one of the most trusted and comfortable methods of payment. However, as time flies, the financial world is chan...
10 March 2023
Ian Henderson CEO at Kyckr
After a decade aptly described as the 'golden age of FinTech', last year saw a substantial dip in global FinTech investment (from $238.9bn in 2021 to $164.1bn in 2022). The industry, as one easily can imagine, was rattled. Media called it 'FinTech's first test' and 'the great FinTech reckoning'. They all agreed that the so-called 'easy money' had ...
07 March 2023 /regulation /predictions
Time and again digital transformation initiatives fail. Research by McKinsey shows that 70 percent of complex, large-scale change programs don’t reach their stated goals. Some companies are now frightened to go down the route of digital transformation after their expensive ‘big bang approach’ didn’t work, despite a long and laborious process. But...
07 March 2023 /payments /identity
While the sophistication of chatbot technology has been steadily increasing over the past decade, the release of Large Language Model-based ChatGPT is set to be the harbinger of the next wave of powerful, hyper-personalized and highly adaptable chatbots. Released last November, ChatGPT – Chat Generative Pre-Trained Transformer – has been trained by...
28 February 2023 /predictions
Pierre Suhrcke Venture Partner at TempoCap
2021 was the year of funding records – global venture capital funding was up 111% year-on-year, with total value hitting $621 billion, according to CBI Insights. Tech companies received funding at 50- 100 x revenue multiples. FOMO and herd mentality was driving the VC industry globally. But now the brakes are on, hard – funding dropped 35% in 2022...
23 February 2023 /startups /markets
Nick Green Director at Purple Patch Broking Ltd
Using the right credit bureau has never been more important. Aside from the usual need for the best priced credit data – to keep profit margins lean and ensure credit providers can compete – the best quality data has always been important. However, this has been somewhat overlooked because an assumed trust has always been in place. But right now, ...
21 February 2023 /regulation /retail
Prateek Duhan Senior Consultant at Capco
In this series we are looking at where financial institutions stumble on the path to building high-performing change organizations, limiting their ability to deliver meaningful strategic transformation. A mature transformation organization is a finely tuned machine, all parts of which are designed to be in harmony with each other. Once operational,...
16 February 2023 /wealth /wholesale
With crypto adoption still restricted by negative perceptions, the participation of financial institutions is recognised as a key agent for change. As inflation continues to affect how much we can spend, and, more importantly, where we can spend it, perceptions of risk and a lack of understanding around cryptocurrencies are slowing adoption rates i...
16 February 2023 /payments /crypto
Muluken Alemu CEO at BirrLink Financial Technology
The African opportunity for the Fintech industry 14 February 2023. Edited by: Muluken Alemu The African houses more than a billion people today, and yet the entirety of the continent seems to suffer from the state of being ignored. The continent, while currently underdeveloped and in parts still in turmoil, has many nations that are actually in t...
15 February 2023 /markets
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