Weekly Analysis and Opinion Highlights - 11 October 2021

Weekly Analysis and Opinion Highlights – 13 June

And we’re kicking off the week with new details on crypto, money transfer, fintech funding, payment process, debt crisis and more. Dive into the latest fintech insights and have a great start of the week!

Digital banking should be the cornerstone of every small business’ tech strategy (Fintech Futures)
Sometime last year, the phrase “post-pandemic” officially entered the mainstream dialogue. Despite new variants and ongoing infections, people collectively agreed that we had entered life after COVID-19 – and it wasn’t hard to understand why. Consumer spending rebounded, growing 7.9% for the year, completely offsetting losses in 2020 and driving a healthy 5.7% increase in GDP, according to estimates released by the US Bureau of Economic Analysis (BEA). Read more.

Is the global housing market heading for a downturn? (AFR)
A series of interest rate increases by many of the world’s central banks has stalled the pump that had been rapidly inflating global house prices. Experts expect the continuing rises to end the rapid, two-year surge in home values and to slow price growth sharply. Yet, the pandemic-induced housing boom has not ended quite yet. Property viewings in London are still attracting crowds of prospective buyers. Houses are still going for sums that far exceed their asking prices. Read more.

Why trade finance should embrace blockchain to realise its digital ambitions (Fintech Futures)
The digitalisation of the trade finance sector is long overdue. The need to obtain and effectively process trade data has never been more pressing – not only for banks and financial institutions, but for the corporates, businesses, and other supply chain participants they serve. The reasons for this are manifold. Firstly, trade partners require faster processing speeds, which can only be achieved through a more digital approach and independence from paper documentation. Secondly, supply chains are in desperate need of stability after two years of pandemic disruption. Furthermore, there is a greater focus on providing practical solutions to the industry’s evolving environmental, social, and governance (ESG) requirements and help address the climate emergency. Read more.

Which Fintech Stock Could Emerge Stronger from the Recent Selloff? (Investor Place)
Soaring inflation, high interest rates and geopolitical tensions continue to drag down the broader market, most particularly growth stocks. Last week’s U.S. inflation data further spooked investors as the Consumer Price Index rose 8.6% year-over-year in May, marking the highest increase since December 1981. Several financial technology (fintech) stocks, which benefited from pandemic tailwinds, are now deep in the red as investors are concerned about the impact of an impending recession and a slowdown in consumer discretionary spending. Read more. 

Money 20/20 Europe: How is the rise of fintech transforming the next generation of banking? (Fintech Futures)
At Money 20/20 Europe in Amsterdam, Standard Chartered’s Kahina Van Dyke took to the stage to discuss an unfolding “cultural revolution” in financial services. Van Dyke, who heads up Standard Chartered’s global digital channels and data analytics, began by identifying three drivers of change that are flowing downstream from fintechs into traditional banking. Van Dyke spoke about how the “existential fear” of fintech upstarts is a great motivator for transformation within so-called traditional banking. Additionally, the fluidity of talent, Van Dyke says, means people no longer have to work for a company in the city they live in and can move freely between the two spheres. Read more.

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