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Weekly Research Highlights – 22 December 2020

For this week’s research article, we explore the latest numbers and infographics to find the newest trends from fintech. We look at the rapid recovery of Australian fintechs from Covid-19, the Spanish Fintech Ecosystem Overview, the fintech investments which took off this year, innovative financial disruptors, ESGTech 2020, Open Banking players to watch out for, and conduct a status check on the most recent fintech innovations. Happy reading!

Australia fintechs are on top of Covid-19 recovery…

How Australian fintechs are planning to emerge stronger from the crisis (EY Australia)

In the fifth issue of the EY FinTech Australia Census, the market status of the industry is shown, with positive results so far. The study finds that the fintech sector is maturing, with 78% of respondents post revenue, strong growth in paying customers and optimistic for global expansion. The top segments are: payments, wallets and supply chain, lending, and data and analytics. In addition, the results show issues arising from the tighten capital and decrease of collaborations between fintech startups and incumbents. Read more

Overview of the Spanish Fintech Ecosystem..

Map of the Fintech Ecosystem in Spain (astorya.io)

In a recent overview by ElReferente and ABANCA Innova, a comprehensive presentation of the startups and scaleups Spanish fintechs is given (see below image for more details on the companies and domains of activity – lending, tax and account solutions, PFM, financial infrastructure, financial distribution, investors, investment tools, neobanks, payments, foreign exchange, money, blockchain, bitcoin, equity):

Investment trends to take off…

State Of Fintech Preview: Investment Trends To Watch (CB Insights)

In a recent study conducted by CB Insights, an overview of the key investment trends, funding activities, and projections for 2020 is given. As main takeaways, the report suggests that deals and dollars could see a decline from 2019 despite deals bouncing back in Q4’20, seed/ angel share may drop off in 2020 while Series B rounds could gain the most share, and 2020 YTD has set a record for mega-rounds. 97 mega-rounds YTD in 2020 has surpassed 2019’s total by 5. Read more

Financial technology AKA financial disruptor…

Financial Services Technology 2020 and Beyond: Embracing disruption (PwC)

The financial services industry has seen drastic technology-led changes over the past few years. Many executives look to their IT departments to improve efficiency and facilitate game-changing innovation – while somehow also lowering costs and continuing to support legacy systems. Meanwhile, fintech start-ups are encroaching upon established markets, leading with customer friendly solutions developed from the ground up and unencumbered by legacy systems. The study emphasizes 6 priorities for success in 2020 and beyond, which include the importance of businesses updating their IT operating models, simplifying legacy systems to cut down costs, building technology capabilities, preparing the right architecture, taking all the measurements against cyberattacks, having the right talent pool. Read more

More on ESGTech 2020…

The Future of ESGTech 2020 (Finextra)

This study explores the tools and processes that can assist organisations in developing their ESG offering and driving growth through meeting sustainable goals in the years ahead. The findings show how the user experience of reported data can be transformed to improve knowledge of risks and opportunities and what role technologies such as AI and blockchain can play. In terms of advantages for the financial institutions undertaking ESG-driven activity, the society can also benefit in terms of healthcare, well-being, education, and protecting biodiversity. Read more

Open Banking Key Players to watch out for…

Global Mapping and Infographic of Key Players in the Open Banking Ecosystem 2020–2021 (The Paypers)

In this research, the findings highlight a comprehensive mapping of the global key players’ ecosystem and the range of services and solutions that Open Banking players are offering in order to keep up with customers’ demands. The paper shows an educational, exhaustive infographic, allowing for a deep understanding of the industry’s future perspectives and helping financial institutions and businesses choose the right Open Banking partner and solution provider. Read more

Tech Trends for this year: a complete mapping…

Tech Trends 2020 (Deloitte)

The 11th annual report Deloitte Tech Trends 2020 identifies the trends believed to be contributing to business disruptions. Based on insights from the study, gathering the views from the matter specialists, the world’s leading organizations, academic and industry luminaries, and leading startups, venture capitalists, and technology providers, key trends arise, such as digital experience, analytics, cloud, core modernization, risk, the business of technology, digital reality, cognitive, and blockchain. Read more

Fintech innovation status check…

What is Really New in Fintech (IMF Blog)

According to Arnoud Boot, Peter Hoffmann, Luc Laeven and Lev Ratnovski, the financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. The increase in demand for digital services triggered by COVID-19 is turbo-charging this transformation. The confluence we are witnessing is driving fintech innovation and raises important questions regarding financial innovation, policy changes and financial transformation. Read more

On digital assets…

Digital Asset Report (Fintech.tv)

Digital Asset Report provides a look forward to digital assets, blockchain, crypto, innovation, disruption and legislation/regulation. One of the most watched programs in the Blockchain sector and has been seen by over 4-million viewers worldwide. Read more

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