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Latest Results from /predictions

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BIS study finds global fintech gender gap

There is a significant global fintech gender gap, with men far more likely to use financial technology products and services than women, according to a survey from the Bank for International Settlement (BIS).

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Deutsche Börse tests quantum computing for risk models

Deutsche Börse has piloted the use of quantum algorithms to compute risk models, finding that the technology can bring down the time required for simulations from years to hours.

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2020 Fintech funding down on 2019 but on the way back up

Global investment in fintech fell significantly in 2020 as the Covid-19 pandemic hit but picked up significantly in the second half of the year, according to KPMG, which expects a strong 2021 for the sector.

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BNPL expected to double market share in UK e-commerce within the next four years

Buy now, pay later schemes are expected to account for 10 percent of all UK e-commerce sales by 2024, according to data compiled by Worldpay.

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Exchange that lets investors trade on event outcomes raises $30m

Kalshi, a Silicon Valley-based online exchange that lets users trade on the outcome of real-world events, has raised $30 million in a Series A funding round led by Sequoia Capital.

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Tesla bet sparks bitcoin surge

Bitcoin hit a record high on Monday after Elon Musk's electric car maker Tesla revealed that it has bought about $1.5 billion of the cryptocurrency and will soon let buyers purchase vehicles using it.

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Nordic change is in the air for 2021

As part of Finextra’s Predictions Series for 2021, Hannah Wallace spoke to Erik Zingmark, Nordea’s head of transaction banking to unpack some of the leading trends he expects to see throughout 2021.

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Worldline and Nexi emerge as chief beneficiaries of EU payment consolidation

The recent wave of consolidation among payment processors in Europe provides a powerful motivation for banks to review their acquiring business, according to a deep-dive analysis of the EU payments sector by Jefferies.

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Dimon 'scared shitless' by fintechs; calls out Plaid

JPMorgan Chase CEO Jamie Dimon says incumbent banks should be "scared shitless" by fintech rivals, adding that some - including Plaid - are competing unfairly.

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Regulatory innovation advances in the face of Covid-19

While Covid-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritise and actively deploy fintech initiatives by regulators.

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Buy now, regret later? Brits face £2.3bn bill for Christmas shopping

A quarter of Brits used buy now, pay later services to fund Christmas shopping, setting up a £2.3 billion bill, according to Credit Karma.

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Future-proofing payments technology with cloud migration

Consumer expectations, behaviour and payment preferences are and will continue to evolve at an accelerated rate.