Tag "Europe"

IMF Study: Europe Lags Behind in Fintech Activities

Fintech activities relating to alternative financing and mobile money are less developed in Europe than in the Americas and Asia Pacific (APAC), a trend’s most likely due to the region’s high pre-existing banking presence and financial inclusion, strict regulation, and

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EU Consumers Uncomfortable Sharing their Data, Finds New Open Banking Survey

European consumers still have reservations about open banking offerings despite the entry into force of the Revised Payment Services Directive (PSD2) and efforts from governments to promote fintech and open banking, according to a new survey by PwC’s Strategy&. The

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COVID-19 Accelerates Shift to Digital Payments, Virtual Banking: McKinsey

The COVID-19 pandemic and its many repercussions have dramatically changed consumer behaviors, accelerating the move from physical to virtual banking and boosting digital payments, according to a new report by McKinsey. All forms of electronic payments, whether peer-to-peer (P2P) or

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A Deep Dive Into the European Open Banking Adoption and Fintech Collaboration Space

Across the world, banks in Europe are being the most active in adopting open banking, and the majority of them are pursuing a collaborative approach when it comes to developing new, innovative products, a new survey found. The study, conducted

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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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European Proptech Landscape: Who is Leading Proptech Funding?

The UK is the European leader in proptech funding with US$821 million raised so far and is home to the region’s largest proptech sector with 771 companies, according to a new report by German proptech investment fund Proptech1 Ventures. The

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14 Hottest Digital-First Challenger Banks by Country in Europe

Europe has been the bright spot for challenger banks and neobanks over the past decade. Since 2011, European neobanks’ customer base has grown by more than 15 million, according to a research by AT Kearney. It’s projected that by 2023,

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European Fintech Investment Surpassed Asia

Fintech is Europe’s largest venture capital (VC) investment category, receiving 20% of all VC investment in the region between 2017 and 2019 year-to-date (YTD), surpassing enterprise software (17%), health (13%) and transportation (8%), according to the State of European Fintech

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European Challenger Banks Struggle to Turn a Profit: Research

Though challenger banks have attracted a collective customer base of over 200 million customers, many of them are still not profitable, according to a new research by Amsterdam-based Fintech Consultancy Group (Fincog) which analyzed over 150 challenger banks worldwide. Fincog,

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SME Digital Banking Startups See Rapid Growth in Europe

The European Union (EU) is home to 24 million small and medium-sized enterprises (SMEs), representing about 99.8% of all companies and employing 93 million people that account for two-thirds of total employment. Although SMEs make up a large part of

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