Weekly Research Highlights – 1 February 2022

For this week’s research article, we dive into new insights on fintech market, banking, insurance, payments, trends, diversity in fintech and more. Happy reading!

Global Cybersecurity Outlook 2022 (Weforum)
The first Global Cybersecurity Outlook flagship report identifies the trends and analyzes the near-term future cybersecurity challenges. The accelerated shift to remote working during the COVID-19 pandemic coupled with recent high-profile cyberattacks have resulted in bringing cybersecurity top of mind among key decision-makers in organizations and nations. Much still needs to be done to arrive at a shared understanding of how to strengthen cyber resilience. The aim of this report is to provide an in-depth analysis of the challenges that security leaders are dealing with, the approaches they are taking to stay ahead of cybercriminals and the measures they are implementing to enhance cyber resilience not only within their organizations but also within the wider ecosystem. Read more.

Q2 Unveils 2022 State of Commercial Banking Market Analysis Report (Fintech Future)
Q2’s PrecisionLender data predicts increased loan demand for large and mid-market firms and reveals cautious optimism for market recovery. Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, released its 2022 State of Commercial Banking Market Analysis Report today. The report, based on insights mined from Q2’s proprietary databases, is an annual review of the major trends in the commercial banking industry from the previous twelve months, as well as a look at the challenges and opportunities ahead in the coming year. Read more.

Fintech Market Size (2022-2030) | Top Key Company Profiles – PayPal Holdings, Tencent Holdings Ltd, Envestnet, Square, Ant Financial Services Group, Robinhood (Bristolcityst)
The Fintech Market report covers the whole scenario of the global market including key players, their future promotions, preferred vendors, market shares along with historical data and price analysis. It continues to offer key details on changing dynamics to generate market improving factors. It aims to rationalize the expenses of the company. You can also find the current revenue generation rate and spend score here. The best thing about the Fintech market report is the provision of guidelines and strategies followed by major market players. The investment opportunities in the market highlighted here will be of great help in moving the business forward. Knowing the current state of the market is the most important thing covered here to help big players survive in the cutthroat market. Read more.

Banks to face fintech challenge head-on in 2022: report (Capital)
The line between FinTechs and incumbent banks will become blurred this year as the former forces the latter to heavily invest in digital and seek new partnerships, according to a new report from consultancy Capgemini.  Firms such as Nubank, Square, Revolut and Stripe are disrupting conventional banks’ market share, margins and customer base by bringing “intuitive, easy-to-use, intelligent yet economical” products to market at speed, the authors state.  Bolstered by lower regulatory barriers than traditional banks, these challenges have leveraged social media, data integration and scalable platforms to achieve a “meteoric rise”, they add. Read more.

Africa: Which countries are investing in fintech? (The Africa report)
Let us assume, for a second, that the world will belong to those countries who best master the technology of today and best prepare for the technologies of tomorrow. How might that be fostered? In the 1990s, the South Korean government invested massively in broadband infrastructure; Samsung now rules the waves – the only company close to rivalling US firm Apple. On the continent, different approaches have emerged in two growing tech powerhouses. In Nigeria, the central government holds its young tech-savvy entrepreneurs responsible for enabling the 2020 #EndSARS protests that culminated in the Lekki massacre. The central bank has banned commercial banks from participating in cryptocurrency transactions. Read more.

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