Data & Analytics

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.

Agrograph, which helps agriculture companies get better access to finance, has closed its seed round, which was led by Mucker Capital.

Investment analytics platform Aumni has closed its Series B round on $50m to help it increase its customer base.

A OneSpan blogpost has underlined how financial institutions (FIs) can compete in the mobile banking sector following the shifts brought about by the Covid-19 pandemic.

A survey by Temenos has found investment in technology and data infrastructure are the most vital priorities for asset managers as they look to deliver a post-pandemic recovery.

InsurTech Pie Insurance has revealed it has received regulatory approval from the Illinois Department of Insurance to purchase Western Select Insurance Company.

German firm Taktile has reeled in $4.7m from a seed funding round led by Index Ventures.

A report by Allied Market Research has projected that the buy now, pay later (BNPL) will generate $3.98trn by 2030 and record a CAGR of 45.7% from 2021 to 2030.

The Bank of Thailand (BOT) has revealed it intends to begin a retail central bank digital currency (CBDC) pilot study in the second quarter of 2022.