For this week’s research article, we dive into RegTech subjects, PCI compliance revenue, security services, mapping down the Danish Fintech Startups ecosystem, the most well-funded tech startups in Europe, present an assessment of the global trends and risks in non-bank financial intermediation, and take a closer look at the future of ESGTech 2020. Happy reading!
On RegTech: Australia & UK relations…
RegTech: An Opportunity to Boost Australia and UK Trade Relations? (The Fintech Times)
In a new research by RegTech Associates, commissioned by the New South Wales Government and the Australian Trade and Investment Commission, the advantages of the UK and Ireland as a market for regulatory technology firms with solutions that help regulated firms meet their obligations are highlighted. As main findings, the paper highlights that the majority of RegTech products in both markets fall into the Financial Crime category, with 27.7% in the UK and 30.4% in Australia respectively. Furthermore, the UK RegTech market is more mature than Australia, and the Australian RegTech products have the second-highest foreign presence in the UK with 9.1% market share, beaten only by the USA. Read more
On PCI compliance revenue…
How processors can increase PCI compliance revenue and reduce attrition by offering a managed compliance and security service (Sysnet)
This paper presents how processors can reduce their reliance on PCI non-compliance fee revenue, while setting the stage to deliver enhanced security capabilities that increase PCI compliance, reduce merchant churn, and dramatically enhance overall recurring revenue. The findings provide answers for why the income from non-compliance fees is a false economy, solutions on how non-compliance fee revenue can be replaced cost-effectively, and what life time value is lost through attrition. Read more
Danish Fintech Startups Overview…
Danish Fintech Startups (astorya.io)
In the below overview, astoryia.io and Copenhagen Fintech present a comprehensive mapping of the most prominent Danish fintech startups, classified on eight sectors of the industry:
Regulatory changes affecting financial services…
Financial Regulation: Horizon Report (Linklaters)
With the expectation set out for this year to be shaped by the Brexit preparations, operational resilience occupies a strong second place, due to the increased importance of fintech and BigTech, which caused numerous disruptions within the ecosystem. Furthermore, Covid-19 reaching Europe signified a greater impact on the financial services sector, its markets and the wider economy it serves. This report covers the sweep of regulatory change affecting the financial services, with a focus on what’s coming next. The findings consider the consequences of UK and EU divergence, and the consequences of the pandemic. Read more
Top fundings for European tech startups…
Startup Continent: The Most Well-Funded Tech Startups In Europe (CB Insights)
This analysis identifies the most well-funded VC-backed tech startup in each country in Europe. Collectively, the startups on our map have raised nearly $9B in disclosed equity funding. As main highlights, the top-funded startup in Europe is Sweden-based Klarna, which offers a “buy now, pay later” e-commerce solution. The least well-funded startup on the map is Slovenia-based crypto payments solution provider Eligma, which has raised $4.4M in seed funding (see below map for a comprehensive overview). Read more
Global trends and risks in non-bank financial intermediation…
Global Monitoring Report on Non-Bank Financial Intermediation 2020 (FSB)
This report shows an assessment on the global trends and risks in non-bank financial intermediation (NBFI), covering 29 jurisdictions that account for 80% of global GDP. The trends presented in the paper bring a further understanding on the risks and vulnerabilities which became apparent during the March market turmoil. The impact of the COVID-19 shock on the NBFI sector in general and on money market funds (MMFs) specifically is analysed in two case studies. The NBFI sector – comprising mainly pension funds, insurance corporations and other financial intermediaries – has grown faster than the banking sector over the past decade. Read more
What’s new with ESG?
The Future of ESGTech 2020 (Finextra)
With financial firms undertaking ESG-driven initiatives, the advantages and risks are still debatable. Practical solutions are in need to work towards sustainable goals that can help to bring returns while also delivering positive environmental and social impact. However, there are certain questions which remain unanswered regarding the standardisation of data, in order to make it digestible for firms across the industry, such as 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. Read more
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