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Weekly Research Highlights – 31 May 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!

‘Risk, Recovery, and Empowerment’ Details Benchmark for Global Policy Leaders (Fintech Futures)
Finance and Tech Innovator Marcia-Elizabeth C. Favale Shares One-of-a-Kind Bank Restructure Study. The world’s financial health depends on innovative strategies to meet the formidable challenges of our time. Perhaps few understand these complexities more than Blingby CEO Marcia-Elizabeth C. Favale, who answered the call from the governor of the National Bank of Kazakhstan in early 2009 during the financial meltdown. Today, Favale releases her book, a case study, detailing how this international benchmark, The Burden-Sharing Framework, came to be, along with its wider applicability and importance.  Read more.

RBI Annual Report | Regulations key for fintech, involvement of Big Techs in the segment brings systemic risks (Money Control)
The Reserve Bank of India (RBI) outlined its approach towards the Indian fintech sector, which is largely unregulated in areas such as digital lending and neobanking, saying that even though innovation thrives in the absence of regulations, legislation is needed to ensure sustainable growth. The regulator also highlighted that the impact of the fintech segment is growing at both macro and micro levels. The impact is seen across financial stability, cybersecurity, consumer protection and financial inclusion. Read more.

Financial Stability Review, May 2022 (ECB)
The May 2022 Financial Stability Review (FSR) has been prepared against the backdrop of the devastating invasion of Ukraine. We do not yet know how the war will be resolved. But we do know that the human suffering it has caused is enormous. We hope for peace. This war is also affecting the economy, in Europe and beyond. The invasion and the associated uncertainty have prompted some repricing in global financial markets, albeit with much less turmoil than seen in March 2020, and dampened the confidence of businesses and consumers that are only just emerging from the tight restrictions imposed during the coronavirus (COVID-19) pandemic. Read more.

Juniper Research: Biometrically Authenticated Remote Mobile Payments to Reach $1.2 Trillion Globally by 2027 (Fintech Futures)
A new study from Juniper Research has found the value of biometrically authenticated remote mobile payments will reach $1.2 trillion globally by 2027; rising from $332 billion in 2022. These transactions use biometrics, typically facial and fingerprint recognition, to authenticate remote mobile payments. This growth of 365% is driven by recent regulatory changes, with the introduction of SCA (Strong Customer Authentication) pushing greater adoption. Read more.

Banks Plan on Tripling their Use of Cloud by 2025 (Fintech News)
Though cloud adoption in the banking industry has increased steadily over the past years, adoption is projected to accelerate significantly as bank seek to automate processes, apply advanced analytics to data, and enhance their ability to embed partners like fintechs. These are the findings of a study conducted in 2021 by digital consulting company Publicis Sapient, in collaboration with Google Cloud. The study, which polled 250 senior banking leaders around the world to better understand where they are on their cloud and business transformation journeys, found that over two thirds of the banks surveyed want at least 31% of their applications and data to be in the cloud in three years’ time. Read more.

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