Weekly Research Highlights – 7 November 2023

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!

Challenges and opportunities in the Fintech and Payments industry: A comprehensive overview (Boston Consulting Group)

According to Boston Consulting Group’s 2023 Global Payments report, the fintech industry has experienced robust revenue growth and attracted over 5,000 players in the payments sector. However, future prospects are becoming more challenging due to declining valuations and increased macroeconomic turbulence. Revenue growth is anticipated to slow over the next five years. To counter this trend and maintain historical growth rates, payment industry leaders must innovate and take decisive actions. Read more

Contactless payments soar in latest Nordic Payments Report (Nets)

The Nordic Payment Report 2023 offers insights into changing consumer payment trends in the region. Consumer behavior is returning to pre-pandemic norms, with a continued preference for online shopping alongside renewed interest in physical stores. Cash usage is declining and leveling off, while payment cards remain the dominant choice. Notably, mobile payments are steadily gaining ground and are now the second most favored method in most Nordic countries. The report also highlights the increasing adoption of omnichannel and unified commerce approaches, along with growing demand for digital receipts and convenient loyalty solutions. Achieving a balance between automation and personalization is crucial for businesses in the competitive payment landscape. Read more

Collaboration key to unlocking Variable Recurring Payments opportunity (Payments, Cards and Mobile)

With all eyes on the future of Open Banking, merchants, banks and payment providers are convinced that Variable Recurring Payments (VRPs) will unlock widespread benefits, provided the industry works together to create the market conditions for success. These are the findings detailed in a new survey report published by, and Open Banking Expo. The results of ‘The future of Dynamic and Variable Recurring Payments’ research point to an industry that is now fully cognisant of the benefits of commercial VRPs (often called non-sweeping or premium APIs). Indeed, when asked to compare the benefits and disadvantages of commercial VRPs against other payment types, respondents said commercial VRPs come out on top in virtually every category. Read more

Reframing employee health: Moving beyond burnout to holistic health (McKinsey)

For most adults, the majority of waking daily life is spent at work. That offers employers an opportunity to influence their employees’ physical, mental, social, and spiritual health. To support the move to better health, the McKinsey Health Institute (MHI), along with other organizations such as the World Health Organization (WHO), are highlighting a more modern way to view health beyond illness and its absence.1 Embracing the concept of holistic health—an integrated view of an individual’s mental, physical, spiritual, and social functioning2—is a vital step toward “adding years to life and life to years” across continents, sectors, and communities. Read more

Coinbase’s Q3 revenue beat expectations, but its shares fell as growth prospects underwhelmed (Tech Crunch)

Coinbase, the second-largest crypto exchange by trading volume, released its Q3 2023 earnings on Thursday, giving shareholders and market participants an opportunity to see what’s going on under the hood. In response to the report, the company’s stock is down about 5.5% in after-hours trading. In the third quarter of 2023, Coinbase generated $674 million in total revenue, down from $707.9 million in the previous quarter. The company’s net revenue was $623 million, down 6% from Q2 2023, but up from $576 million one year ago. The company’s net loss totaled a slim $2 million in the three-month period on a GAAP basis, worth –$0.01 per share. The company also reported an adjusted EBITDA result of $181 million. Read more

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