And we’re kicking off the week with new details on insurtech, fintech revolution, banking, fintech trends and more. Dive into the latest fintech insights and have a great start of the week!
How to work with insurtechs to maximize value, limit risk (Dig-in)
Rick Bushell says that insurers shouldn’t allow their risk-averse nature or concerns about a potentially difficult integration road ahead to lead them to ignore upstart insurtechs. The best is providing new technologies that will rapidly give their partners significant competitive advantages in this era of rapid claims technology advancement. That said, there’s no denying that working with startups entails risk. Read more.
What Trends are Driving the Fintech Revolution in India? (India Briefing)
Naina Bhardwaj discusses major trends shaping the future of Fintech in India and break down how the Fintech market is evolving in key service and technology segments. Recently on December 3, 2021, at the launch of InFinity forum, a thought leadership forum on Fintech, Indian Prime Minister Narendra called for a “Fintech revolution” in India with a “security shield”, primarily to be driven by income, investments, insurance, and institutional credit. The statement comes at a time when India has the highest Fintech adoption rate in the world – at 87 percent – and significantly higher than the global average rate of 64 percent. Enabling factors here include the Digital India initiative, a conducive policy environment, and the presence of a sizeable talent pool. Read more.
How banks are using technology to fight climate change (Popsci)
Anete Lusina from Pexels, believes that new technology can help people track exactly how, and where, their money is spent. When we think of climate change fighting tech, the first thing that might come to mind is solar panels or electric cars. But, technology in the financial sector could play a serious role in mitigating the worst of climate change. Enter financial technology, or fintech,— a growing section of financial services that utilizing algorithms, data gateways, and artificial intelligence helps customers and business partners handle different business transitions. Read more.
The Rise Of Vertical Banks (Medium)
ames Green at Investor, states that n the eve of NuBank’s IPO, we have been thinking about the rise of neobanks throughout the world. We’ve seen Monzo ($4.1B) in the UK, Chime (~$35B) in the US, N26 ($9B) in broader Europe. This list goes on. Our guess is that by the end of 2021, we’ll have >$150B of global enterprise value created from consumer neobanks. Given the rise of NuBank etc, it’s very possible this could be an underestimate. Read more.
Dear Luc: What fintech trends should I prepare to see in 2022? (Fintech Futures)
The fintech sector, always a dynamic space, has undergone a rapid influx of developments in the last two years. First, with the pandemic, we saw a huge increase in e-commerce and a shift towards contactless payments. This year, not only have we’ve seen these trends become norms, but we’ve also witnessed a surge in buy now, pay later (BNPL) services and crypto offerings. The fintech market is constantly changing and as new innovations come into play, here are four trends that I predict will occur in 2022. Read more.
Do you have any news to share: please put firstname.lastname@example.org on your press list.
Curious to read and find out more from fintech? Then subscribe & read our full newsletters here: https://hollandfintech.com/featured/newsletters/. Stay tuned for more insights following up this week regarding news piece