Tag "COVID-19"

Wealthtech Spending to Reach US$24B Annually by 2023

With COVID-19 accelerating digital transformation, wealth managers are expected to increase tech spending to reach approximately US$24 billion annually by 2023, according to a new research by Celent, the tech advisory arm of Oliver Wyman. By the end of 2020,

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Zurich Emerges as Data Center Hotspot in Europe

Zurich is emerging as a hotpot for data center development in Europe. The city is on track to becoming one of Europe’s top ten largest data center markets within the next five to ten years, according to a new study

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Platform-Based Banks More Profitable, Agile than Traditional Financial Institutions

In the age of disruption and increased competition from tech players, the traditional banking model is rapidly becoming outdated. For banks and financial companies, platformification is emerging as the most fitting strategy to maximized results, enabling greater agility and personalization.

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Wealth Managers Name Greenfield Digital Banking as Top Innovation Strategy

Greenfield business builds continue to be a top innovation strategy for the banking and wealth management industry, according to a new study by the Economist Intelligence Unit (EIU) and Temenos. In a report titled Forging new frontiers: Advanced technology will

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COVID-19 Brings Both Opportunities and Challenges for Fintechs: BCG Paper

The COVID-19 pandemic has caused significant changes in the ways consumers and businesses carry out their financial transactions, and though some cash-strapped fintechs might struggle in the short term, new opportunities will arise for those that manage to adapt their

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COVID-19 Crisis to Give Fintech Enablers a Boost

The COVID-19 pandemic has brought to a head the importance of a digital economy. In this context, competition is set to accelerate in the fintech sector as the digital shift will make stakeholders fight for market share, according to tech

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Crypto Market Down Amid COVID-19 Crisis: Crypto Valley Startups Impacted

The COVID-19 pandemic has put a toll on the crypto market, which close Q1 2020 at a 5.03% loss, according to CoinGecko’s newly released Q1 2020 quarterly cryptocurrency report. 2020 started strongly with the market rallying to nearly US$300 billion

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Influence of Coronavirus? Investments in Swiss Startups Drop in Q1

The Swiss Venture Insights report by startup.ch shows that the coronavirus and the threat of a possibly severe recession continue to create an uncertain environment for investors and startups. Despite a strong 2019, where equity investments passed CHF 2 billion

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