Weekly research highlights 25 September 2020

“The State of European Fintech 2020” report by Finch Capital dives into the latest trends from the fintech sector, such as current developments, the impact of Covid-19, mergers and acquisitions, possible new trends to be seen in 2021 for fintech, and government support initiatives. Read more

Clifford Chance’s latest report, “Central Bank Digital Currencies and Stablecoins – how might they work in practice?”, highlights how Central bank digital currencies (or CBDCs) and stablecoins are a growing trend, and especially the involvement of social media platforms such as Facebook’s “Libra” stablecoin project, which was not positively received by regulators. Proponents of CBDCs show them as the future of payments, due to benefits in terms of cybersecurity and identification, while opponents are concerned due to the risks CBDCs posit for financial stability and also the regulation system. Read more

According to a recent research conducted by the Visual Capitalist, 95% of consumers experienced guilt shopping. TitleMax emphasizes 29 different psychological tricks that marketers use in order to try to make consumers buy more. By classifying the tactics into four categories, the most used trends involve: visual pricing tricks, intentional language tricks, brick-and-mortar tricks and urgency tricks. Read more

In one of the latest reports by The European Commission, “Shaping the Digital Transformation in Europe”, a further look is given into the digital transformation sector and also the potential economic impact it might have on the European economy. The forecast analysis highlights that by 2030, the GDP contribution could add up to €2.2 trillion if all EU members contribute annually €75 billion for ICT investments and a further €42 billion per year to educate the workforce into managing these new technologies. Read more

Peak Capital highlights in their analysis the young and up and coming companies competing for the best Saas services in Belgium and Luxembourg. The overview also presents an interactive map with other sectors, such as fintech, business intelligence, legal, education. So far, the summary includes 29 SaaS companies built in Luxembourg and 132 made in Belgium, which indicates a growing trend of “early-stage” startups taking off. Read more

“DeFi Adoption 2020: A Definitive Guide to Entering the Industry” report by Cointelegraph Consulting presents an overview of the trends within the industry related to scalability, objectives, and overall project structure. Structured in three parts, the report firstly describes introductory key terms, benchmark analyses and metrics to get an overview of the current DeFi landscape. The second section focuses on cases and protocols regarding open financial tools. The last part takes a look at project initiatives such as Wing use of Ontology public blockchain as an alternative to Ethereum. Read more

A new study by LexisNexis Risk Solutions, “Future Financial Crime Risks 2020”, highlights new insights from over 300 UK financial crime professionals. The main conclusions of the report regard the current types of financial crime attacks faced by businesses, the challenges in detecting cyberattacks, how the industry regards the new developments in terms of cybercrime, obstacles to overcome by teams internally, abilities and talent workforce to track new crime activities and the costs associated with implementation of new technologies have a security system. Read more

A new BIS paper, “Fintech and big tech credit: a new database” by Giulio Cornelli, Jon Frost, Leonardo Gambacorta, Raghavendra Rau, Robert Wardrop and Tania Ziegler highlights how new intermediaries are disrupting the credit markets. As such, digital lending models like P2P and marketplace lending are popular methods among customers, due to the fact that the online platforms facilitated by fintech credit companies are easy to use. With the rise of Big Techs, the credit markets are also seeing further changes and new offerings, such as “big tech credit”. Read more

A recent paper conducted by the Cambridge Centre, the “Third global Crypto Asset  Benchmarking Study”, emphasizes the need of regulations in order to combat money laundering schemes, finance terrrorism and other illicit activities in the crypto asset sector. One important point to consider is that despite the progress in terms of regulation, the differences between geographies can have implications for the crypto asset market, such as the lack of an uniform insurance plan. Read more

Capgemini’s latest report, “World InsurTech Report 2020”, highlights how Covid-19 and Big Techs are affecting the InsurTech sector when it comes to gaining new clients and retaining them. The paper also presents the key areas that insurers must take into account when trying to reach clients’ demands, shift in technology views, challenges and recommendations to help insurers navigate through these challenging times. Read more

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