PYMNTS

JULY 22, 2020

FinTech apps, for example, saw a 72 percent increase in usage in the first quarter of 2020 alone. Experts predict that the market will reach $10.87 billion by 2027, generating a compound annual growth rate (CAGR) of 13.6 The global digital banking platform industry generated $3.95 percent over the next seven years.

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PYMNTS

AUGUST 12, 2019

At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. Existing financial market infrastructure just isn’t built to provide this bundle.

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PYMNTS

APRIL 17, 2017

Ogden said what sparked the idea for ClearBank was the perfect storm of market consolidation in the U.K. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K. When you’ve only got a market in the U.K. That, Ogden observed, blunted the ability of U.K.

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PYMNTS

DECEMBER 11, 2018

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer. That figure could rise to 50 percent, it estimates, by 2027. working population. It’s not a U.S.-only

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PYMNTS

JUNE 24, 2019

According to the tracker, there was a 24 percent year-over-year increase in same-day ACH payment volume between Q1 2018 and Q1 2019, and the global real-time payments market is projected to increase by a 30.6 workforce in Q4 2018, a number that’s expected to tip over to a majority share by 2027. percent CAGR between 2018 and 2025.

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PYMNTS

JULY 23, 2018

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. market, for example, quadrupling to $3.4

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NCR

DECEMBER 13, 2017

Putting forward the case for a more efficient international payments network, R3 argued that businesses in particular are being disadvantaged by the high cost and inefficiency of cross-border transactions, having become accustomed to real-time payments in their domestic markets. Image credit: iStock/monsitj. appeared first on Banking.com.

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