Industry News

For 36 countries around the world, remittances represent more than 10% of their respective GDP; for 14 countries, it is more than 20%. For El Salvador, my country-of-origin, remittances represent roughly 25% of the GDP – five times more than all agricultural...

The cannabis industry is the fastest-growing industry on the planet. All over the world, laws restricting the use of cannabis as a medicinal or recreational substance are being relaxed. But as the world moves from ‘reefer madness’ to weed gummies, this liminal phase...

The concept of remittances is a tale as old as time. Fintechs have played a huge role in turning the remittances market into what it is today During the 19th and 20th centuries, Spain, Italy, and Ireland were all heavily dependent on remittances received from...

“I feel numb.” That’s something I hear again and again. As the cost of living continues to rise, what will banks do? When breaking news is always just a tweet or a push notification away. When we are bombarded by an endless news cycle that seems to get more depressing...

Cybersecurity Awareness Month might have come to an end for another year, but as any cybersecurity expert will point out, the actual awareness never stops. Today’s cybersecurity challenges are almost overwhelming for businesses When, in 2004, the Bush administration...

The fintech and payments sector has performed strongly in recent years and growth within the sector has resulted in the rapid scaling of companies globally. Ireland has become the EU/EMEA headquarters for many fintech and payments firms With banks subject to higher...

Two key breakthroughs will soon intersect, influencing how people access and safeguard their financial data. Big Tech firms are paving the way for a future without passwords As banks, financial service providers, and fintechs continue to implement open banking,...

It was almost definitely watching the TV series Star Trek where I first heard the word ‘federated’. Federated technology could allow for a more radical transformation at banks The United Federation of Planets is the interstellar government with which the Starfleet...

The economy is going digital, and today’s leading financial service companies are optimizing their digital infrastructure to thrive in that future. Financial services are one of the most interconnected industries Before the pandemic, the financial services industry...

According to recent research by the UK government, financial services has one of the lowest rates of investment in employee learning and development. AI-based software can streamline accounting processes At the same time, we know that we are living in an era of rapid...

Financial professionals estimate over £295,000 is lost to invoice fraud per business, every year in the UK. Even more shocking is the fact that 1 in 5 (20%) finance professionals are unaware or unable to even estimate the cost of invoice fraud to their business. This...

In 2026, the global datasphere will generate 221ZB of data. The majority of it, or 155ZB, will come from enterprises. What companies do with their data is vital to data’s business value For the financial services industry—which amasses significant amounts of complex...

Unlike other consumer-facing industries, the financial services sector has been comparatively slow to embrace the digital-by-default model. The financial services industry must be prepared to completely reimagine the digital experience Even before the pandemic hit,...

Written by Darren Woodward, senior director of payments, global cards network, and Ryan Frere, EVP and GM of B2B, Flywire According to new analysis from UK Finance, there were 357.4 million credit card transactions in May of 2022, a 26.9% increase from May of 2021....

Since they emerged in the middle of the 2010s, challenger banks have changed the entire financial landscape, growing exponentially in the process. Fintech in the 2020s is all about collaboration But for the first time in their short history, the challengers are now...

Firsts are always memorable moments. Be intentional in finding new voices Remember the excitement when your work was first published or when you were quoted by the reporter you admired? Remember that butterfly feeling when your expertise was first recognised and when...

The agriculture industry has radically transformed over the past 50 years. Fintech is contributing to the evolution of the agriculture sector Farming equipment has increased in scale, speed, and productivity, leading to more efficient cultivation of larger land....

For years, billions in venture capital has poured into fintech banks like Chime and N26 on the bet such upstarts can wrest away the lion’s share of an estimated $469 trillion in assets held globally by other financial institutions and retail banks. To do speech right,...

The pandemic forced consumers to spend more online and alerted them to the benefits of digital payments. With our research finding that 20% of UK consumers reported the pandemic changed the way they think about paying for products and services, it’s no wonder that...