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Weekly Research Highlights – 5 December 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!

Brazil’s Economy Shows Resilience With Unexpected Growth (Bloomberg)

Brazil’s economy unexpectedly grew by 0.1% in Q3, defying earlier predictions of contraction, providing a temporary boost to President Lula’s efforts to improve living standards. However, the expansion has lost momentum as support from agribusiness wanes and interest rates remain high, raising concerns about the country’s economic outlook. Read more

Treasury Yields Fall With Economic Data in Focus: Markets Wrap (Bloomberg)

Treasuries gained and stocks declined as investors awaited economic data to gauge the Federal Reserve’s potential interest rate cuts next year. Market movements were less pronounced than on Monday, emphasizing the risks faced by traders banking on a policy shift due to concerns about slowing growth and inflation, which could either pay off or backfire depending on the Fed’s decisions. Read more

AI Investment has Risen 48% Since 2021, Driven by Business ‘FOMO’ (The Fintech Times)

UK-based digital transformation consultancy Daemon reports a 48% increase in AI investment since 2021, indicating a shift in typical technology investment approaches. The study, based on a survey of 150 senior business decision-makers, suggests that the surge in AI and ML adoption is, in part, driven by a fear of missing out (FOMO) on technological advancements. While concerns around data security and privacy persist, organizations are pressing ahead with AI implementation to address issues such as skills gaps and legacy systems. Read more

The alarming surge of consumer e-commerce fraud: a deep dive into attitudes, motivations, and financial impacts (Ravelin)

Consumer e-commerce fraud is on the rise, with over a third of internet shoppers (40%) engaging in fraudulent activities within the last year, according to a study commissioned by Ravelin. Surprisingly, the over-45 age group accounted for the highest percentage of offenders (41%), surpassing younger demographics. The research, which polled over 6,000 adults in the UK, France, and Germany, revealed that financial pressures and the cost of living crisis may be driving this behavior. The rise in consumer fraud is expected to cost merchants in excess of $48 million by 2025, necessitating increased vigilance and automation to combat the trend. Read more

Report: Payments preferences of Latin American consumers (Payments, Cards and Mobile)

Latin American consumers increasingly adopt digital payments, with 77% using electronic methods. Debit cards dominate, preferred by 63% of users. The shift is driven by a desire to reduce cash usage (50%) and transaction speed (45%). Security is a top concern, with 83% prioritizing secure payment methods, favoring debit cards (36%) and bank transfers (34%). The findings, part of Mastercard’s research in 14 countries, reveal changing payment behaviors amid growing openness to new technologies. Read more

3 in 5 Americans expect all payments to become digital payments (Temenos)

A recent survey by Temenos indicates that a significant 58% of Americans, especially millennials, anticipate the complete transition to digital payments. Younger cohorts are notably dissatisfied with the speed and cost of traditional bank transfers, driving the adoption of online banking, contactless solutions, and payment apps. Read more

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