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IT infrastructure holds insurers back - Covernet

New research from Covernet has revealed a roadblock for insurers and MGAs - their technology isn’t keeping up with their ambitions.

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FinTech Scotland records 8% employment growth in 2024

The FinTech Scotland Cluster recorded an 8% year-on-year employment growth in 2024 bringing the total number of people working in fintech to over 11,300.

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Nutmeg survey shows increase in personal saving

New research from Nutmeg, the UK’s largest digital wealth manager, reveals a positive picture when it comes to the nation’s personal finance habits.

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Humans will not be replaced by robots in the near future - HSBC

The power of human interaction will continue to play a critical role in business over the coming decade, even as technology such as AI, robotics and quantum computing dramatically reshapes entire sectors and business models, according to a new HSBC report – Digital Horizons: How emerging tech will shape tomorrow’s business.

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Ethereum ranks as UK's most popular bitcoin alternative

New research has revealed 2023’s most popular Bitcoin alternatives, with Ethereum coming out on top.

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BaaS to drive profound shift in financial services industry

The potential opportunities for banking-as-a-service (BaaS) in Europe could lead to a revolutionary shift in the financial service industry, a report reveals by research firm WhiteSight as commissioned by fintech SaaS provider Toqio.

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Real-time transactions in UAE expected to reach 146 million by 2027

New, sophisticated use cases for consumers and businesses are driving global real-time payment volumes to record highs, with 195.0 billion transactions recorded globally in 2022 — a YoY growth of 63.2% — according to the 2023 Prime Time for Real-Time report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company.

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Climate risk digital solutions market will skyrocket to $4 billion by 2027, Verdantix forecasts

Rising losses from extreme weather are driving a global surge in investment in climate risk digital solutions, a new report from leading independent research and advisory firm Verdantix says,

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African fintech revnues tipped to grow by 8x to reach $30 billion by 2025

As the fastest-growing start-up industry in Africa, African fintech raised over US$1,3 billion in 2021 alone, the success of fintech companies is being fuelled by several trends, including increasing smartphone ownership, declining internet costs, expanded network coverage, and a young, fast-growing, and rapidly urbanizing population.

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Banks risk losing 89% of SME business to fintech challengers

New payment methods (instant payments, e-money, mobile and digital wallets, account-to-account, QR codes) are leading the charge with consumers, but the looming threat of recession and growing inflation rates coupled with continuing geopolitical issues, is posing a whole host of new challenges.

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UK institutional investors anticipate uplift in crypto holdings

A new study from London-based Nickel Digital Asset Management (Nickel), Europe’s largest regulated and award-winning digital assets hedge fund manager shows professional investors in the UK expect more crypto/digital investment funds to launch as regulation of the sector improves (please see the attached press release).

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Kiya.ai launches Indian banking metaverse

Ever imagine being able to visit your bank branch virtually (without leaving your home) or conveniently discussing investment plans with an advisor?

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