– The trend towards embedded fintech applications, or the integration of financial products by non-financial companies into their service offerings, is gaining traction around the globe and across applications.
– The growth of open banking has continued to prompt investments into new bank technology providers, though legacy companies… also begun providing open banking services.
– Intense retail wealth management competition contributed to consolidation in Q2’20.
– Multiple fintech companies filing to go public in Q2’20 could signal an impeding shift in attitudes toward IPOs among other mature fintech companies.
– Checkout conversion solutions are poised to capitalize on accelerating global e-commerce.
– Big Tech companies are investing heavily in payments products. Facebook and Google are eying these tools to expand into emerging markets…
– Big Tech wants a piece of ‘buy now, pay later’. In 2020, Amazon and Apple both added options for interest-free installments.
– Startups offering alternative ways to borrow see traction among the unbanked/underbanked and are also building products to address the financial needs of underserved SMBs.
– Large asset managers benefit from spike in new brokerage accounts as day trading gains popularity.
– Early-stage startups are targeting the financial health and literacy of the youth and workforce.
– Robo-advisors launch checking & savings products, remittance players introduce investment services.
– Automakers are using data to improve embedded insurance offerings.
– Digital identity solutions aim to reduce compliance costs and improve onboarding.
– Expense management and revenue intelligence services for SMBs gain traction.
– Record low mortgage rates drive purchase activity and urgency for digital transformation.
– Startups offer homeowners trapped liquidity [equity sharing, buy & lease back].
– Startups powering digital transactions gain traction.