Weekly Research Highlights - 17 August 2021

Weekly Research Highlights – 10 January 2023

A little bit of last year and some of new year, but here we go – selected research news that hopefully will help for the better! Enjoy researching!

Global Crypto Tax Report 2022 (PWC)
The report highlights the trend of increasing tax regulation targeting the digital assets sector, as governments and bodies such as the Organisation for Economic Cooperation and Development (OECD) and European Union (EU) seek to create tax policy that keeps up with the pace of technological innovation. However, there is still a disparity in the coverage, definition, and tax treatment of digital assets between jurisdictions. This year’s report includes tax insights from 39 countries and covers emerging trends around crypto tax policy, including crypto-asset tax information reporting, taxation of crypto finance and decentralized finance (DeFi), and value added tax (VAT) and goods and services tax (GST) issues around non-fungible tokens (NFTs). Read more

Europe’s fintech opportunity (McKinsey & Company)
he deteriorating macroeconomic environment in both Europe and the world has hit fintechs hard, with valuations declining and access to financing becoming more difficult. Viewed from a long-term perspective, however, European fintechs continue to gain in strength and relevance for customers and the economy. In each of the seven largest European economies, as measured by GDP, at least one fintech ranks among the top five banking institutions. Strong fintechs offer customers greater choice and convenience. The competition they bring to banking systems is already helping modernize the financial sector ecosystem in several European countries. In this article and the accompanying in-depth report, we focus on three key aspects of Europe’s fintech sector: founding, funding, and scaling—that is, fintechs’ ability to set up in the first place, the ease with which they can access capital, and how well they can grow and thrive. Our analysis highlights growing fintech activity in every European country. But we also find a wide divergence of maturity and performance among fintech ecosystems by country, with substantial gaps between the top one-third and the rest. Two countries in particular stand out for their superior fintech ecosystem performance: the United Kingdom and Sweden. Read more

Fintech performance is variable across Europe, with the United Kingdom, Sweden, and northern European countries leading.

21% of UK to Ditch Physical Wallets in Next Five Years, Finds Mastercard (The Fintech Times
How much of what is in your wallet do you actively use? Will we carry a physical wallet at all in five years’ time or will we become fully reliant on smartphone payments? Around 21 per cent of Brits expect to completely ditch their physical wallet within five years, according to new research. Research from Mastercard in partnership with fashion communication graduates of arts and design college Central Saint Martins looked into the changing use of physical wallets. Market research company Opinium conducted the research on 2,000 UK adults. While over one in five Brits do not expect to hold a physical wallet in five years, this number rises to 34 per cent among Gen Z; with a further rise to 38 per cent of Millennials. Ninety-three per cent of consumers said they are considering using alternative means of payment in the next year. New forms included contactless, QR codes, biometric payments, and cryptocurrency transactions. Read more

2022 Global Gender Wealth Equity Report (wtwco)
Gender inequity is a long-standing issue affecting women throughout their working lives. Often gender inequity assessments are made through a single lens of pay, career, pensions or leadership representation, but the reality is that the inequity is multidimensional and should be studied as such. New flagship research from WTW and the World Economic Forum found that there is a significant gender wealth gap between men and women at retirement. Upon retirement women globally are expected to accumulate only 74% of the wealth that men have, according to our Wealth Equity Index. WTW’s Global Gender Wealth Equity Report explores differences in gender wealth equity across five regions worldwide, analyzing reasons for the disparity – including the interlinked effects of career, family support, life events and financial literacy on wealth accumulation. We also share actions employers can take to help improve gender equity. Read more

The global wealth equity distribution for 39 markets
The global wealth equity distribution for 39 markets


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