LendIt Fintech and Latam Intersect PR have produced a new report from a survey conducted with over 300 fintech and banking executives. It provides a snapshot into the state of fintech in Latin America.
A new report by Fidelity Investments shows that 22 percent of institutional investors already have some exposure to digital assets;...
A new report by consultancy group Kearney says a quarter of bank branches in Europe are set to close in...
A new survey by N26 found that 27 percent of people around the world feel in control of their finances;...
A new report by Ernst & Young surveyed 1,500 U.S. consumers across different wealth, age and demographic groups to discover...
The Federal Reserve Bank of New York released its 2016 small business credit survey yesterday and the data shows some bad news for online lenders; big banks, small banks and credit unions all scored higher on the survey than online lenders when it comes to access to capital; one of the more telling pieces of data from the report was that online lenders scored lower than banks on transparency; fintechs did score higher on speed of application and ease of process; not all bad news but still points out the advantage that banks have when it comes to cost of capital. Source
A new report from Kantar says UK financial institutions could be missing a £130bn ($173) opportunity by not winning over women; they are not targeting women in ads and are missing the potential for a significant boost in savings and investment; the report also shows that 38 percent of women feel in control of their financial future and women retire with a third of the savings compared to men; targeting women can not only help to bring these number up but the study also shows women are more apt to recommend financial services than men. Source.
According to a new report by Accenture and McLagan, which is part of Aon Hewitt a business unit of Aon plc, blockchain technology could reduce infrastructure costs for eight of the world's 10 largest investment banks by an average of 30%, translating to $8 billion to $12 billion in annual cost savings for those banks; key figures include a 70% cut on central finance reporting, a 50% cut on business and central operations, and a 50% cut on compliance. Source
Tearsheet asked 107 financial professionals from traditional financial institutions and fintechs who is the biggest threat to banks in consumer...
New Resource Bank has been offering asset based loans through a partnership with P2Bi and the agreement could help to establish a template for smaller banks working with fintechs; the partnership is a win-win for P2Bi with more leads and the bank as they get to more efficiently work through customer relationships that might normally take more time and energy than it would be worth. Source.