The fintech industry is rapidly evolving and disrupting traditional financial systems. In this article, we bring you the latest research insights to help you stay ahead of the curve and understand the future of financial technology. Enjoy researching!
African Fintech Ecosystem Recorded A Significant 26 Startup Acquisitions in The Last Two Years (Takedia)
In a recent Disrupt Africa report, African Fintech startup space recorded a significant twenty-six (26) startup acquisitions between June 2021 and July 2023, up 270% from 7 in 2019-2021.South Africa led the way, accounting for 10 of the deals over the last 24 months and 16 overall. One famous acquisition was the deal, which saw MFS Africa, a South African digital payment company that describes itself as Africa’s largest digital payments gateway, announce the acquisition of Baxi, a Nigerian fintech startup. Read more
eComms is in the regulatory spotlight – is your firm ready to stand up to the scrutiny?
(Fintech Global)
What makes eComms compliance especially challenging is that it’s constantly evolving. Compliance teams need to be able to monitor the communication channels that employees are using today and be ready for any innovations that tomorrow will bring. Although it might be tempting for firms to enact policies that employees can only communicate via company landlines and email, it’s just not practical. Both customers and employees have come to expect quick and easy communications using electronic channels. Read more
Europol Report: An analysis of financial and economic crime (Payments, Cards & Mobile)
The criminal landscape constantly evolves, as criminals seek out new opportunities and exploit crises for their own interests. Criminal actors involved in economic and financial crimes are highly adept at taking advantage of our economy for their purposes, and at targeting increasing numbers of victims. Read more
The evolution and future of customer ID verification in the digital age (Fintech Global)
The journey of customer ID verification is a reflection of humanity’s evolving societal structures, technological innovations, and the inherent need for trust in transactions. To understand the future, it’s pivotal to trace the roots of this journey, delving into the historical context of ID verification. Historically, personal recognition was the first and most basic form of identity verification. In small communities, members identified one another through personal relationships and face-to-face interactions. A person’s word was their bond, and trust was built upon reputation. Read more
Biannual Threats Report: Emerging fraud schemes in retail and e-commerce (Payments, Cards & Mobile)
Visa has released the Fall 2023 edition of its Biannual Threats Report which highlights emerging fraud schemes targeting the global economy. This edition showcases a significant rise of phishing schemes proliferated through generative AI tools, and a marked increase in enumeration and ransomware. The report also shows how Visa is working with law enforcement around the globe to bring perpetrators of fraud to justice. Read more
Huge appetite for embedded finance amongst UK banks (Payments, Cards & Mobile)
A new whitepaper offers insights into the nuances influencing the approach to embedded finance innovation across UK banks and financial institutions. Carried out in collaboration with Censuswide during May 2023, Weavr’s research delves into ten crucial questions, extracting a wide range of thought-provoking answers. While responses to the survey indicate embedded finance is a promising commercial growth opportunity, a significant number of businesses appear to lack a defined strategy to capitalise on it. Read more
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