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!
Which Are The Leading Fintech Apps In The UK iGaming Market? (Finsmes)
There are many different fintech apps in the UK iGaming market, but which ones are the leading players? In this blog post, we will take a look at some of the most popular fintech apps and discuss how they are impacting the industry. We will also offer our thoughts on which app is likely to come out on top in the coming years. So, if you’re interested in learning more about the leading fintech apps in the UK iGaming market, keep reading!
The 10 Biggest Fintech Companies In America 2022 (Forbes)
Fintech’s mightiest privately owned companies continued to grow over the past year, but declining investment in the industry signals stormy waters ahead. It’s turning into a sobering year for fintech. After a carnival of new unicorns and mega-funding rounds in 2021, private fintech companies are now scrambling to cut costs and stretch out the funds they have to avoid needing to raise additional money at a lower valuation (known as a “down round”). Their fear is well grounded. Read more.
Hyper-personalisation is the future of Insurtech – Capco (Reinsurance News)
Insurtech firms that prioritise hyper-personalisation and embedded insurance will come out the long-term winners and define the sector in the coming years, according to Usman Sheikh, Executive Director at Capco. “Despite flagship Insurtech brands decreasing in valuation this year and the sector facing a challenging economic climate, there remains a clear path towards attaining long-term growth through smart product investment and commercial prioritisation,” he said. Read more.
Insurtech: The Unexpected Solution To Commoditization In The Banking Industry (Forbes)
The one thing every company in the financial services space needs right now is value. Commoditization in the financial industry has made it hard to have a differentiating product. For instance, a bank—whether traditional or online—is still, at the end of the day, a bank. While a digital-first (i.e., online) bank might have higher savings options than a traditional brick-and-mortar bank, it’s still difficult to stand out, as most features are similar, encompassing options for checking, savings, financial advice, etc. Even now, most “traditional banks” have digitized their offerings, partnering with fintech companies to improve user experiences with tech. Read more.
Banking as a service is transforming the sector’s staid processes (Racounter)
Keeping up with banking can feel like trying to watch a Star Wars spin-off with too many characters. The latest cohort of fintech innovators includes Ordo, Kasko, Mantl, Kani, and Tuum (respectively a payment processor, product distributor, customer onboarder, reconciliation specialist, and a core banking provider). The ecosystem is bulging with startups with colourful names but a similar premise: offering a cloud-hosted service, connected via an API, to offer something the bank can’t build internally. Read more.
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