Open Banking expands banks' potential to its users by offering them access to innovative services in a single view. It also opens the field for fintechs and TPPs to play a part in crafting user-oriented financial services. Explore Open Banking and how it is shaping up the ecosystem to be an end-to-end customer-centric marketplace. Read more.
BNPL is the new shopping buddy which helps the customers checkout with their dream products. Read our article as we tried to reveal the extrinsic factors and psychology behind the rapid adoption of BNPL by both merchants and customers. Know more.
Our AVP Implementation, Lekhaa, is our first employee and she is quite adept in handling client implementations like a pro. She is also a super mom who loves cooking and gardening, and she moonlights as a DIY project maker. She proudly says, “M2P is her home rather than a workplace.” Read more.
By 2035, AI technology will increase profits by almost 40% across major industries.
In 2021, Apple Pay, Google Pay, and Samsung Pay would own 56% of the combined market shares of mobile payments.
Fintech firms are viewed as potential partners by 60% of the financial institutions.
The global Blockchain market is expected to reach $39.7 billion by 2025.
The combined AUM of digital wealth-management companies that focus on retail are expected to reach $600 billion by 2022.
India is among the fastest-growing Fintech markets globally, witnessing a 67% rise in the last five years with the current standing value of $31 Bn. The fintech market value is expected to grow to $84 Bn by 2025, at a CAGR of 22%.
Tide, a leading Fintech company has raised $100 million in Series C funding round that gives the startup a post-money valuation topping $650 million. The funding was led by Apax Digital Fund, with participation by existing investors Anthemis, Augmentum, Jigsaw, Local Globe / Latitude, SBI, and SpeedInvest.
JP Morgan Chase has announced it will take a 40% ownership stake in the full-service Brazilian digital bank C6 Bank.
Titan, the fintech investment platform for the “Everyday investor”, has raised USD 58 Million for its mobile-first investment platform. The round was led by Andreessen Horowitz (A16z) and included pro athletes and popular celebrities like Odell Beckham Jr., Kevin Durant, Jared Leto, and Will Smith.
A new Islamic-focused and Shariah-complaint digital bank, Nomo, has been launched by Kuwait's Boubyan Bank in the UK. NOMO offers both virtual and physical Mastercard and allows its users to spend in both GBP and USD.
That's it for now. See you again soon with all the need-to-know fintech updates!
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