Jan 2020 The global fintech ecosystem continues to grow at a significant pace. New startups are appearing and getting funded each week in countries all over the world. Some have local aspirations, other global. But typically, these startups sprout up in a specific place and grow from there. Keeping track of this rapid growth can be a challenge. So, many regional...
Digital’s role in our lives has reached new heights, with more people spending more time doing more things online than ever before: The number of people around the world using the internet has grown to 4.54 billion, an increase of 7 percent (298 million new users) compared to January 2019.Worldwide, there are 3.80 billion social...
Summary of findings Q3’19 fintech funding topped $8.9B, a quarterly record when adjusting for Ant Financial’s$14B investment in Q2’18: As of Q3, fintech has raised $24.6B in 2019, already surpassing 2017’s annual total. Funding grew on the back of 19 $100M+ rounds worth approximately $4B in Q3’19. Deals rebounded slightly in Q3’19 but are likely...
In the world of the platform economy, the big get bigger. It’s the winner who takes all. That’s why investors were all turning their attention last Thursday as Visa announced its quarterly earnings. Processing some $3 trillion in transactions the last quarter, Visa has been the largest U.S. card network, vying with Mastercard for the top...
Call it an expansion of the Visa network-of-networks model. Visa said it will buy Plaid — which focuses on the development of application programming interfaces (APIs) that allow consumers to share their data with thousands of apps — for $5.3 billion. On a conference call with investors following the announcement, Visa CEO Al Kelly said that “Plaid opens up...
Both ride-hailing services will continue to operate independently across the Middle East. Careem operates in 120 cities across 15 countries in the region. The Dubai ride-hailing company retains operational and brand independence even as it becomes a wholly-owned subsidiary of the American firm. Careem co-founder Mudassir Sheikha also remains chief executive. Its board will be made...
Berlin-based banking startup N26 claims to have recruited 250,000 new customers in the US, just six months after opening its doors Stateside. The digital banking app now now boasts five million customers, a significant increase from its 3.5 million users last summer, with European markets proving the most fertile region for growth. With the US launch,...
Most of FIs still not able to create an effective approach to engage with FinTechs within the organization. Some FIs create or participate to VCs or build their incubation centres to speed up engagement. They really help the growth of the FinTech ecosystem and create a robust funding. However, these kinds of outer structures...
What Is an API Sandbox? Today’s software architecture relies on APIs as core to the application in much the same way as a database or user interface are considered core components to the architecture. That reliance on APIs means that developers must test the application’s reaction to a variety of API responses. Fundamentally, an API sandbox...
In most of the FIs there are 5 power roles which runs the organization which I can summarize as 4C1P means Channel, Customer, Capacity, Control & Product. Channel; channels are the pipelines which you touched to final customer. There are traditional channels like branches or offices or alternative channels like call centres and ATMs and...
