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Weekly Research Highlights – 2 January 2024

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!

Discover Payment Insights that Drive Growth, Inside the Global Payments (Woldpay)

The 2023 Global Payments Report explores payment trends across 40 markets, emphasizing the rise of A2A payments, digital wallet dominance, strong consumer credit demand, and evolving BNPL services. It touches on emerging cryptocurrency payment options, offering insights into the evolving landscape of payment technologies and consumer preferences. Read more

2024 global insurance outlook (Deloitte Center for Financial Services)

In 2024, the global insurance industry is proactively addressing rising risks through technology and a customer-centric approach. Despite recent M&A slowdown, a resurgence is expected, with InsurTechs playing a key role in transformative solutions. The industry is evolving into a sustainability ambassador, guiding clients towards purpose-driven decisions for positive societal impact. Read more

Future of data in the finance function: FSN’s survey (Wolters Kluwer)

Data health is vital for finance teams in the tech age. FSN’s survey reveals 44% lose over a day to data downtime monthly, and 75% grapple with significant accounting errors. The resulting cost for idle time is at least £600,000 for mid-sized global teams. Before delving into AI or machine learning, it’s crucial to establish a solid data health baseline. FSN’s report suggests CCH Tagetik as the solution for finance’s data challenges. Read more.

Mapping the Biggest Tech Talent Hubs in the U.S. and Canada (Visual Capitalist)

California’s Bay Area, including Silicon Valley, boasts the largest tech talent hub with 407,810 workers earning $185,425 annually. Toronto is North America’s third-largest tech hub. Emerging Canadian cities like Vancouver and Calgary experience substantial tech worker growth. The U.S. Midwest and South, such as Boise and Las Vegas, are potential tech hubs. The tech sector remains a significant employer in North America, attracting over seven million highly skilled workers. Read more

 

The 50 Most Valuable Companies in the World in 2023 (Visual Capitalist)

The world’s most valuable companies in 2023, led by Apple and Microsoft, collectively hold over $26.5 trillion in shareholder value, with Information Technology leading at $9.3 trillion. The U.S. dominates, followed by Switzerland, France, and China. Notable companies include Nestlé, LVMH, Tencent, and Alibaba. Read more

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