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!
Digital Economy Payments: How Consumers Pay In The Digital World (PYMNTS)
New Data Shows Consumers Are Buying Less, Spending More and Changing Habits Consumers are not only getting less for their money when they shop due to inflation, they’re also shopping less often. The PYMNTS March “Digital Economy Payments Report” surveyed 3,017 U.S. consumers to understand how inflation is influencing their spending behaviors and habits. Read more.
Global impact of war in Ukraine on food, energy and finance systems (UNCTAD)
UN Secretary-General António Guterres announced the establishment of a Global Crisis Response Group on Food, Energy and Finance (GCRG) to coordinate the global response to the widespread impacts of the war in Ukraine. The GCRG will ensure high-level political leadership to get ahead of the immense inter-connected challenges of food security, energy and financing, and put in place a coordinated global response to the ongoing crises. This brief is the result of the coordinated work of the Global Crisis Response Task Team, reporting to the Steering Committee of the GCRG. Read more.
Fintech unwrapped 3.0 (Sifted)
Is crypto eating Europe? Digital assets are fighting for their place alongside stocks, shares and other asset classes — we hear how they still have a distance to go. Read more.
An African Sunrise Sector: The Growth of Fintech (ORF)
Financial technology has revolutionised the global financial sector and has, in many ways, fundamentally changed how we store, save, invest, transfer, and borrow money. Fintech, as it is now commonly known, may be regarded as a business application, process, or model, enabled by a combination of business, technological, and financial innovation. Read more.
Despite 182% Growth, Talent Shortages Threaten Global Fintech Sector (DIGIT)
Despite the fintech industry being one of the fastest growing sectors post-pandemic, there are still substantial recruitment hurdles to face.
The global fintech sector has seen a 182% boost in tech job growth for the first quarter of 2022 – with the top eight fintech ‘mega-hubs’ accounting for more than 90% of new fintech jobs advertised globally. However according to recruiter Robert Walters, the sector will face major hurdles this year as a substantial shortage in global tech talent threatens to halt the growth of the fintech sector. Read more.
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