Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Consumer spending on mobile devices set to top £53 billion a year by 2024 - Barclays

Consumers are set to spend £53.6 billion a year using their smartphones and tablets by 2024, compared with the £9.7 billion spent today, according to new research by Barclays.

13 April 2015

News/Research/analysis

Card is king as cash usage continues to fall - Halifax

The popularity of cash and cheques continues to decline, according to figures from Halifax which show that nearly 85% of all current account transactions made by its customers are now electronic.

13 April 2015

Company update/Research/analysis

Worldwide IT spending to decline 1.3 per cent in 2015

Worldwide IT spending is set to shrink to $3.66 trillion in 2015, a 1.3 per cent decrease from 2014, according to the latest forecast by Gartner, Inc. (see Table 1). Gartner said that the rising dollar is chiefly responsible for the slowdown.

09 April 2015

Company update/Research/analysis

Direct carrier billing has four times more reach than PayPal - ImpulsePay research

New research from ImpulsePay (www.impulsepay.com) reveals that Charge to Mobile reaches one and a half times as many consumers as credit cards and over four times as many as PayPal.

02 April 2015

Company update/Research/analysis

Defaqto swaps private equity owner

Defaqto Group, a benchmarking company that provides a number of ratings and data analysis services to financial institutions, has swapped its private equity owners after Foresight Group sold its share in the firm to the management, backed by a majority investment of £24.25m from UK PE firm Synova Capital.

01 April 2015

News/Research/analysis

US mobile banking on the rise - Fed study

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

27 March 2015

News/Research/analysis

European government bond trading goes electronic

Some 57% of trading volume in European government bonds was executed electronically in 2014, up 14 percentage points since the onset of the global financial crisis according to a new report from Greenwich Associates.

26 March 2015

News/Research/analysis

Credit Suisse paper offers qualified bitcoin backing

While it is unlikely to ever truly compete with traditional currencies, bitcoin could, when combined with the traditional finance system, have cost advantages over credit cards and money transfer firms like Western Union, according to a Credit Suisse article.

24 March 2015

News/Research/analysis

Fintech and bank collaboration could create 5000 jobs in Ireland - Deloitte

The junction between Ireland's emerging fintech cluster and the traditional financial services sector could create 5000 new jobs by 2020 says professional services firm Deloitte.

23 March 2015

News/Research/analysis

Government report sets out plan to make UK world's fintech capital

A new report from the UK government's chief scientific adviser has set out 10 recommendations designed to help achieve Chancellor George Osborne's stated aim of turning Britain into the world's fintech capital.

18 March 2015

News/Research/analysis

70% of Americans prefer digital to branch for account opening

Nearly three quarters of Americans would rather apply for a checking account digitally than at a bank branch, according to a survey from Javelin Strategy & Research.

06 March 2015

News/Research/analysis

ID fraudsters stole $16bn from Americans in 2014 - research

Identity fraudsters stole $16 billion from 12.7 million Americans last year, with a new victim every two seconds, according to Javelin Strategy & Research.

05 March 2015

News/Research/analysis

ECB plays down virtual currency risks

Despite flagging some concerns, the European Central Bank says that it does not think that the rise of virtual currencies currently provides a material risk to the smooth operation of payment systems.

03 March 2015

News/Research/analysis

Branches hold strong in face of digital onslaught - FDIC

Despite the rise of online and mobile banking, there has been only a modest decline in the number of branches in the US over the last few years, according to research from the Federal Deposit Insurance Corporation (FDIC).

20 February 2015

News/Research/analysis

Banks and MNOs set for sub-Saharan African mobile money market fee bonanza

The sub-Saharan mobile money revolution is set to net providers such as telcos and banks as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group (BCG).

19 February 2015

News/Research/analysis

Investment in fintech startups soars

Fintech firms around the world raised $6.8 billion in funding in 2014, a three-fold increase on the previous 12 months as the sector enjoyed a banner year that also saw its first IPOs and a host of startups joining the billion dollar club.

10 February 2015

News/Research/analysis

Contactless and US EMV adoption drives global smart card growth

More than 1.5 billion smart payment cards were shipped in 2014 as the rise of contactless and America's migration to EMV technology drove growth.

05 February 2015

News/Research/analysis

Credit card metadata gives shoppers' identities away - research

Individuals can be identified from just four pieces of credit card metadata, researchers from the Massachusetts Institute of Technology (MIT) have found.

30 January 2015

News/Research/analysis

Crooks net $11m in bitcoin scams - research

Scammers have duped unsuspecting victims out of at least $11 million in bitcoin over the last four years, according to researchers from Southern Methodist University, Dallas.

30 January 2015

News/Research/analysis

Fed sets out faster payments options

The US Federal Reserve has set out a series of options for speeding up the country's antiquated payments system.

26 January 2015