No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Throughout December, the community of fintech CEOs and leaders shared their thoughts on the year’s key fintech trends. Today we are hearing from Ageras, DataSeers, Hokodo, Lumanu and Token.
for Martin Hagerund CMO and co-founder Agelas Fintech providing a complete ecosystem of tools and services to over 1 million SMEs The spotlight for 2022 was Buy Now Pay Later (BNPL).
For the average consumer, the rise of BNPL, which has grown 75% since last year, is one of the key keywords for 2022, he said. Fintech space.
Obviously, the industry is maturing and alternative financial products and technologies are being used, accepted and trusted more and more. Conversations about the impact on the industry itself have become an important subject.
Adwait Joshi is the founder and CEO of Dataseer, Fintech to help banks and payment companies by applying big data and analytics at scale. He talks about his two big events for 2022.
Decreasing funding and associated losses in the world of venture capital investments, as well as major turmoil in the cryptocurrency world, has recently plateaued with the collapse of FTX. From FTX, BlockFi, Voyager to Celsius, There is no denying that it has been a tough year for cryptocurrencies.
On the funding side, the study gives a clear indication of what has happened. Fintech will receive one-fifth of all venture capital investment in 2021, but this year the support VC funding fell 20% by the end of Q1 2022. By Q3 2022, VC fintech investment was just $12.9 billion, down from the previous year. decreased by $23.1 billion.
It is clear that the fintech bubble has burst and the battle between traditional and technology-oriented financial institutions is being reshaped. All too often, we fail to meet established goals and priorities, such as ensuring
As a result, fintech companies are finding other ways to scale back, cut staff significantly, cut costs, preserve cash reserves and extend runways. Adoption of the product remains slow, with global market share reported in the low single digits.
The macroeconomic environment has changed dramatically this year, exploding an asset bubble fueled by prolonged low interest rates. Louis Carbonnier Co-Founder and Co-CEO of B2B BNPL Provider Hokodo.
Fintech, and the broader economy, must learn to operate in the new normal, with higher interest rates and more conservative VC funding, he says. Fintech Times. Against this backdrop, some areas of fintech, such as cryptocurrencies, have collapsed, but we expect the more robust and smarter parts of the sector to emerge stronger from the crisis.
Naturally, I have been keeping a close eye on developments in the BNPL space. The popularity of BNPL has exploded in 2020-2021. Enjoyed the opportunity. For companies, adopting BNPL was a natural progression from their transition to online trading.
Then, in 2022, B2C trends changed course. experienced devaluation.
But this is not a trend reflected in the broader embedded financial services space. Companies are waking up to the potential of embedded finance and driving more innovation in the market. I don’t think so.”
Todd Clyde CEO of token and is an established operator of software companies in Silicon Valley. He grapples with the changing payment landscape.
Last year around this time, we predicted that Open Banking payments would fund the new fintech layer of 2022, and that prediction has come true, he says. In the UK alone, open banking payments increased by more than 155% last year and are now the mainstream method for topping up value wallets. He has emerged as the most used case.
Looking back over the past 12 months, it is clear that payments have established themselves as the most exciting opportunity for open banking players. and have seen solutions focused on personal finance management shut down.
As we move towards 2023, retailers and consumers are adopting open banking, and open banking conversations are beginning to take hold beyond use case discussions and as alternative payment methods.This is how it ends up of method of payment. In short, Payment Service Providers (PSPs) need to act now to be ready to meet the growth in adoption that will continue to skyrocket over the next 12 months and beyond. “
Tony Tran CEO and co-founder Rumanuis a company that supports payments and fundraising in the creator economy, highlighting how evolving fintech solutions have helped a wide variety of people.
The shift to remote work and the rise of technology-enabled communication tools has fundamentally changed the future of work, giving creators and creative professionals new and flexible ways to make a living. Creators have turned into business owners, bringing new responsibilities, such as accounting and cash flow management, that require an easy-to-use payment platform.
Additionally, embedded finance continued its rise this year, allowing businesses to offer credit to consumers without leaving the platform. This has proven to be a win-win for both companies and customers. Customers benefit from the convenience and seamlessness of the experience, and businesses can explore new use cases and use customer data to improve financial access.
In 2022, fintech also played a key role in improving financial inclusion. We are helping to reach about 1.7 billion people, and by making banking more accessible, we hope to close an even more important socio-economic gap.
