Weekly Research Highlights – 7 December 2021

For this week’s research article, we dive into new insights on financial fraud, fintech, payments, banking, money, crisis and more. Happy reading!

Why Cashless Payments Open the Door for Fintech Lending (Wharton)
Fintech lenders are more likely to approve loans to borrowers who have adopted cashless payments than to non-adopters, according to a recent research paper titled “Fintech Lending and Cashless Payments” by experts at Wharton and elsewhere. The cashless payment records of such borrowers provide lenders with verifiable information and thereby more efficient screening of loan applications. Those borrowers could also enjoy lower interest rates and may pose lower default risks, the paper noted. Those advantages could push more borrowers to adopt cashless payments, the researchers predicted. Read more.

Survey Reveals FinTech is Now a Necessity, Heralds the End of In-Person Banking (PR Newswire)
Blumberg Capital, a leading early-stage venture capital firm, today announced the results of its fourth annual survey of consumer behavior and attitudes on financial technology, known as fintech. The study, which polled 1,000+ U.S. consumers over the age of 21, revealed a significant shift in how consumers engage with and value fintech solutions. Following pandemic lockdowns, the majority of consumers (66%) now believe that fintech solutions are a necessity for personal finance, not just a nice-to-have, up from 41% in Blumberg Capital’s 2020 fintech survey results. In the first half of 2021, U.S. fintech startups raised a record-breaking $39 billion in venture capital, nearly double than the same period in 2020. The survey was designed to better understand how investment, innovation and consumer usage of financial services has improved consumers’ financial well-being. Read more.

Juniper Research: Mobile Money Transaction Values to Exceed $870 Billion in Emerging Markets by 2026, as the Payments-as‑a‑platform Model Accelerates (Business Wire)
A new study from Juniper Research has found that the total value of mobile money transactions in emerging markets will exceed $870 billion in 2026, up from $555 billion in 2021; representing growth of almost 60%. Mobile money in emerging markets includes microinsurance, microloans, microsavings and mobile money transfer. This growth will be driven by the transition of mobile money vendors, such as M-PESA, to the PaaP (Payments-as-a-Platform) model. This model enables mobile money vendors to offer their users access to third-party services such as eCommerce; creating additional revenue streams. The research identified PaaP as critical to increasing revenue for mobile money vendors, as smartphone adoption and user expectations grow. The new research recommends that mobile money vendors focus on building their ecosystems now by agreeing merchant partnerships to correctly leverage this opportunity. Read more

Fintech Crisis Management Market Key Players Is Taking a Huge Risks of Enormous Investments Due to Increasing Demand (UK Parents Lounge)
The latest release of the WMR titled Fintech Crisis Management 2021-2027 Market Research Report (by product type, end-user / application, and regions/countries) assesses each market segment of Fintech Crisis Management in detail so that readers can be guided about future opportunities and profitable areas of the industry. In addition, it features an encyclopedic study of key market dynamics, including market size, share, growth triggers, trends, obstacles, challenges, and opportunities. Read more.

New RegTech100 List of Fintech Companies Transforming Financial Services Announced by RegTech Analyst (PR Newswire)
The fifth annual RegTech100 recognizes the world’s most innovative regulatory technology solution providers in the areas of compliance, risk management, information security and anti-fraud. The rapid growth of innovation and investment in the RegTech sector in recent years has accelerated further since the start of the pandemic as financial institutions address the compliance challenges caused by remote working and the expanding use of digital channels. This high-growth trajectory is expected to continue and RegTech spending by banks and other regulated institutions is anticipated to surpass a total of $130bn by 2025. Read more.

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