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Weekly Research Highlights – 23 April 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!

Bitcoin Halving: A Comprehensive Guide for Investors (LinkedIn)

“Bitcoin Halving: A Comprehensive Guide for Investors” provides an extensive exploration of the bitcoin halving event, specifically curated to cater to the needs of investors. Delving deep into the mechanics and implications of this pivotal event in the cryptocurrency sphere, the guide offers invaluable insights to help investors navigate the complexities of Bitcoin investment. From understanding the significance of the Halving to uncovering potential market impacts, this resource equips readers with the knowledge and understanding necessary to make informed investment decisions in the dynamic world of digital assets. Read more

38 trillion dollars in damages each year: World economy already committed to income reduction of 19 % due to climate change (Potsdam Institute for Climate Impact Research)

PIK’s study, published in “Nature,” reveals alarming findings about the economic impacts of climate change. Even with significant reductions in CO2 emissions starting immediately, the global economy is projected to suffer a staggering 19% income reduction by 2050 due to climate-related factors. These damages, estimated at a whopping $38 trillion annually, are six times larger than the costs required to limit global warming to two degrees Celsius. The research, conducted by scientists at the Potsdam Institute for Climate Impact Research (PIK), draws on empirical data from over 1,600 regions worldwide spanning four decades to assess the future economic repercussions of climate change. It predicts substantial income reductions in the majority of regions, with South Asia and Africa bearing the brunt of the impact. Notably, even highly developed regions like North America and Europe are not immune, facing significant economic losses. Read more

Commercial banking top trends for 2024 (Accenture)

In the current landscape, commercial banks are navigating a delicate balance between immediate challenges and future growth prospects. Heightened regulatory pressure has led to a significant focus on compliance and risk management, while stability and efficiency remain top priorities. Concurrently, there’s a growing recognition of the potential of artificial intelligence (AI) and advanced data capabilities to drive innovation and expand services. However, the cautious approach to addressing present challenges may hinder investment in transformative technologies that could streamline operations and enhance customer experiences. Achieving the right balance between managing current concerns and embracing innovation will be pivotal for commercial banks as they navigate the uncertainties of 2024 and beyond. Read more

Public consultation on the Verification Of Payee Scheme Rulebook (European Payments Council)

The European Payments Council (EPC) has initiated a public consultation on the Verification Of Payee (VOP) scheme rulebook, marking a significant step in enhancing payment verification processes. Running for a 90-calendar day period from February 20 to May 19, 2024, stakeholders are encouraged to actively participate by providing feedback on the proposed VOP scheme rulebook and the recommended matching processes. Feedback can be submitted via email to change-request.EPC-scheme@epc-cep.eu, employing the designated response template (EPC289-23), by the deadline of May 19, 2024, midnight Brussels time. Contributions received after this specified date and time will not be reviewed. This consultation underscores the EPC’s commitment to fostering transparency and collaboration in shaping effective payment standards. Read more

Embedded Finance and Banking-as-a-Service Report 2023 (The Paypers)

The Paypers’ Embedded Finance and Banking-as-a-Service Report 2023 offers a comprehensive overview of the Embedded Finance and BaaS ecosystem, covering key business models, industry players, and emerging trends. Through nine detailed chapters, readers gain insights into definitions, growth drivers, and regulatory considerations, along with expert perspectives from industry leaders. The report also features industry company profiles and a global infographic, making it an essential resource for understanding and engaging with the evolving landscape of Embedded Finance. Read more

Top 10: Digital Payment Platforms 2024 (Fintech Magazine)

The digital payments market is experiencing rapid growth, with an expected value of US$11.55 trillion in 2024. Leading the charge are platforms like Alipay and WeChat Pay, originating in China, which offer comprehensive financial services alongside robust security measures. Meanwhile, global players such as Apple Pay, Google Pay, and PayPal continue to expand their reach, providing seamless transactions and widespread acceptance across various countries. In India, platforms like Paytm and PhonePe are gaining prominence with versatile transactions and user-friendly interfaces. Samsung Pay stands out with its support for NFC and MST payments, primarily in the U.S. and Asia, while Venmo and Cash App cater to the American market with features like social feeds and Bitcoin trading. These platforms collectively represent the evolving landscape of digital payments, catering to diverse user needs and driving the shift towards cashless transactions worldwide. Read more

The essential buyer’s guide for risk orchestration software (Fintech Futures)

The orchestration platform discussed offers fintech companies a streamlined solution for customer onboarding and ongoing risk management. By integrating customer and third-party data, it simplifies complex processes, reduces friction, and ensures timely decision-making. Furthermore, it facilitates rapid deployment of new capabilities to adapt to digital advancements, regulatory changes, and evolving threats. Fintechs seeking to optimize their customer lifecycle and regulatory screening processes will find valuable insights in this buyer’s guide, which outlines key considerations for selecting a risk orchestration platform vendor, ultimately leading to improved compliance, enhanced security, reduced costs, and better customer experiences. Read more

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