FinTech Weekly Issue #398 - New Investments, New Promises, New Trends

Banking

Learn about the ongoing evolution in Banking-as-a-Service, the key market players, the market structure and how incumbents deal with new challengers.

Business Investments

Financial and tech stocks underperformed in 2022, maybe because of the many occasions for growth offered by the pandemic. The fintech sector was actually one of the more successful during Covid-19, but now it has to face the choices of the past.

Banking Business Cryptocurrency

Tap, the crypto trading app founded by 29-year old Arsen Torosian, allows users to trade currencies and use them also for purchases thanks to the partnership with Mastercard. Since its launch in 2018, Tap has grown to over 10.000 users, and will soon be available in the USA and Australia. Tap is one of the first stocks listed in the UK in 2023.

Banking Opinions

BaaS – Banking-as-a-Service – helps in the distribution of banking goods and services by third parties and is a promising opportunity to acquire more consumers at a significantly lower cost. The success of BaaS will be evaluated by addressing key obstacles and establishing a roadmap and timeframe. Discover more with FinTech Weekly.

InsurTech Investments

Vista Equity Partners agreed to pay 2.6 billion to Duck Creek Technologies, a service that provides software to property and casualty insurers for underwriting, claims management, billing and payments.

Business Sustainable Finance

In the past few years, fintech has dominated startups in India. Since then, India has taken giant steps in fintech. 2023, we will see the rise of responsible fintech, that will be focused on customer rights and green technology.

Investments Politics

In his first speech of the year, Prime Minister Rishi Sunak promised 20 billion worth of funding for R&D. In his speech, he also said that maths will become a priority of the educational system, and that the new government’s plan will also include helping people get back into work.