FinTech: Crystal Ball for 2020 (KPMG’s Report)

March 2, 2020 | FinTech
https://dailyalts.com/wp-content/uploads/2020/03/libra-4417285_640-kpmg-fintech.jpg

2020 promises to be another big year for 2020.

Fintech in 2020 will ride to new heights based on key trends identified by KPMG in their biannual Pulse of FinTech H2’19 report.

Industry undercurrents that will propel Fintech

KPMG is bullish on global investments in the fintech industry in 2020.

Factors that are creating a positive environment around fintech include:

  • New fintech hubs are sprouting globally
  • Fintech products and services are pushing the envelope in scope and innovation
  • Regulatory clarity improves in many jurisdictions
  • New technologies such as blockchain and AI are showing promise

KPMG’s top 10 predictions for fintech in 2020

  1. Deal sizes will grow as investors focus on later-stage fintechs with potential pathways to profitability
  2. Deals will spill outside the current focus geographies of Southeast Asia, Latin America, and Africa
  3. Fintechs will ambitiously strikeout of existing, niche, comfort zones into fresh new pastures (“adjacencies”) such as energy and telecommunications
  4. More and more countries will muster up the courage to issue digital banking licenses
  5. Mature fintechs will scope acquisitions to grab talent, boost capacity, and enter new markets
  6. More and more tie-ups in all kinds of permutations and combinations – big techs and fintechs, corporates and fintechs, and fintechs with each other
  7. Open data will move beyond its current banking limitations and into financial services in other industries such as energy
  8. Consumers will reverse their preference for various digital products. Instead, they will look to re-bundle their fragmented digital life into a single, reliable financial platform
  9. Fintechs focused on cybersecurity and identity management will be in high demand.
  10. According to KPMG, big techs such as Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOGL) and Alibaba (NYSE: BABA) will increasingly trespass into fintech territory.

Related Story:   FinTech: JPMorgan Plans Foray Into UK Digital Banking

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/09/trees-5605176_640.jpg
Alternative Investments/ESG: New ETFs For ESG Investing From iShares

iShares launched September 24 its new suite of ESG screened ETFs that track S&P 500 sustainability indexes by market capitalization. Investors looking to keep their portfolios with a greater component…

https://dailyalts.com/wp-content/uploads/2020/09/screenshot-www.mosameat.com-2020.09.29-16_33_37.png
Venture Capital: Mosa Meat’s Slaughter-Free Hamburger
September 29, 2020     ESG and Sustainability, News, Venture Capital

Alternative meat startup Mosa Meat, which harvests beef directly from cow cells, rather than raising and slaughtering a whole animal, announced its Series B fundraising of $ 55 million. The…

https://dailyalts.com/wp-content/uploads/2020/09/consensys-2020-featured-image.jpg
Digital Assets: Consensys To Work On CBDC for HK-Thai Cross-Border Payments
September 29, 2020     Digital Assets, News

Consensys is a leading U.S. blockchain technology company specializing in Ethereum blockchain infrastructure and applications for new economic systems. It announced September 25 its win of a contract from the…

https://dailyalts.com/wp-content/uploads/2020/09/crypto-currency-1823349_640.jpg
Digital Assets: Novogratz Prefers Bitcoin To Gold; Is Short On Stocks
September 29, 2020     Digital Assets, News

Michael Novogratz, the founder, CEO, and Chairman of Galaxy Digital has a bearish view of stocks and the dollar and is bullish on gold and bitcoin. But he favors bitcoin…