Fintech Mundi | REPORTS
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Fintech Europe DACH Report 2022

Fintech in DACH region of Europe is the quiet revolution and the region has attracted progressively more of the global funding pie since 2017, emerging as a genuine rival to Asia and North America for fintech VC dollars.

Fintech Saudi Arabia 2022

Fintech Saudi Arabia is ready for take-off and Saudi Arabia is one of the world’s fastest-growing fintech hubs. And as the region’s largest economy the potential to become a global reference point for fintech across the Middle East and North Africa is real.

Digitalization’s next act.

What the Nordics need to do to take centre stage

This Nordic Fintech Insight Briefing, presented at Mastercard Lighthouse in May 22, examines why the Nordics are particularly suited to take advantage of the next phase of fintech digitalization.

A (pandemic) year in the making – the 2021 Global Fintech Rankings

#PoweredbyMambu, after a year of crunching the numbers, interviews with fintech ecosystems around the world – we’re thrilled to bring you the second edition of the Global Fintech Rankings – the only global rankings of fintech ecosystems now covering 264 cities and over 80 countries (including 50 newly crowned fintech hubs).

This year we’re celebrating the winners and unpacking what’s happening in fintech and fintech ecosystems around the world during a notably tough year. Download the full report here to see who’s new

While many of the Top 20 remain unchanged – there are some surprises. Tel Aviv joins the top 5 for the first time while Berlin’s rise up the rankings is making the city a genuine contender for Europe’s fintech crown.

findexable and Fintech Mundi are delighted to announce the launch of our inaugural Diversity for Growth Report, in partnership with fintech firms Chargebacks911 and Global Processing Services (GPS).

The report is the cornerstone of our Fintech Diversity Radar, the world’s first global platform to accelerate diversity in fintech.

In the report, we uncover systemic underrepresentation of women in the fintech industry, including:

  • A new 1% club: Only 1.5% of the best funded private fintech firms globally are founded solely by women and receive just 1% of total fintech venture funding.
  • No seat at the table: Women make up 11% of all board members and 19% of company executives.
  • West is no longer best: Asia has the highest proportion of female founders at 7.7%, and Africa and the Middle East are the leading regions for the proportion of female CEOs.

The tech gender gap: Less than 4% of women globally hold the title of Chief Innovation or Technology Officer.

Nordic Fintech Report 2021

A joint undertaking between Finetch Mundi and findexable and with FCGHuawei and Mastercard, the report seals the success of the Nordic fintech community, which stands strong, with investors and innovators hard at work across the space.

The region’s early success at moving away from cash, its embrace of collaborative models for the development and distribution of innovative financial services long before fintech became every bank’s favourite bandwagon, and commitment to digital services have created the foundations for a thriving fintech ecosystem.

Behind the big names and celebrated unicorns lies a diverse and innovative marketplace. A region where size is no obstacle to success or ambition.

Across three themes, the Report looks at the qualitative issues occupying the region’s investors, fintech firms, accelerators and support systems – to identify the impact of the pandemic on operations, shifting perspectives on opportunities across the sector, and the role that finance will play in building the economy of the future. Encouragingly the underlying conversation is a discussion about sustainability in all its forms.

Fintech exists to solve global problems. Of access – such as in emerging markets where banking economics stop the poor from getting a bank account. Of speed – where old infrastructure slows the send­ing of money, receipt of payments or makes international trade difficult. Or of cost and convenience – by making it eas­ier to pay, or cheaper to borrow. There’s another problem too. An industry founded on principles to make the world better, needs a global index to track progress, and benchmark its suc­cess. Without one there’s no  easy way to learn from the best. Or, like any other tech-driven industry, to learn from past mistakes.

And with the world creating information at an unprecedented rate, where do you turn for a trustworthy, unfiltered view of global fintech that lets you compare cities and companies?

That’s the vision of Findexable, the company founded with the mission to build the Global Fintech Index. This city rankings report is the first glimpse of what the Index algorithm is designed for.

To identify emerging hubs, fintech companies and trends – objectively and in real-time. To promote growth and adoption of progressive, inclusive financial services everywhere.

The Nordic and Baltic region has all the building blocks to generate wealth and opportunities and is punching above its weight in terms of producing unicorns, moving from start-up to critical scale-up phase and it leading the rest of Europe on Open Banking and PSD2 progress. Results from the fourth Nordic Fintech Disruptors Report launched during Money 2020 in Amsterdam finds confidence in abundance at 68%, 14% up from 2018.

A new report from Mastercard confirms the power of mobile technology to improve financial inclusion. The research shows that 15 countries account for over 60% of the global unbanked population, where 607 million people have a mobile phone, but do not yet have a bank account. Mobile technology could therefore provide them with immediate access to the benefits of financial inclusion.

In 14 of these countries, the number of people with a mobile phone outnumbers the number of people with a bank account by several million (rising to 204 million in China). The only exception is India, where more people have a bank account than a mobile phone.

A decade after the Great Recession a lot has changed in financial services. But much has also stayed the same. Not including regulator-enforced bank rescues, league tables of the largest financial services organisations in Europe, and across the Middle East and Africa, are much the same as before the crash. Despite a dent to revenues, and share prices between 2008 and 2010, global bank market capitalisation has grown nearly 50% in the years since. Trust in banking has also bounced back – UK consumers’ trust in banks is at the same level as high street retailers. At a time when the number of bank branches in Europe has declined by a fifth, and the number of banks by nearly a quarter, since 2008.

But all is not quite as it seems.

Nordic Fintech Disruptors Report 2018 image

The latest ‘Nordic Fintech Disruptors Report 2018’ and wide-ranging survey on financial institutions, fintech start-ups and ecosystem participants across the Nordic and Baltic region reveals that greater cooperation between regulators, banks and innovators is essential to the region’s status as a leading fintech hub.

According to the survey conducted by MagnaCarta and Fintech Mundi on behalf of Mastercard, more than four fifths (84%) of traditional players are now actively seeking partnerships with fintechs to help them digitise and create digital services for customers. They believe that collaborating with fintechs will help them to achieve their goals faster and more cost effectively.

fintech 2018 3

A year is a long time in fintech. This year’s research, the third in our series on the impact of fintech disruption across Europe, the Middle East and Africa, underscores some of the early gains made by banks and fintechs in some parts of the region, along the journey from electronic to digital finance. And reviews what success looks like in this brave new world.

The research reveals that the first phase of the fintech wave, characterised by recognition of the need for collaboration between ecosystem partners, is coming to an end and identifies two conflicting forces that need to be reconciled before the next phase can begin.

As the survey results show, the journey is far from complete. Indeed, as the tech industry culture of agile, always-on improvement takes hold, it may never be truly over.

This second edition of our review of fintech trends and perspectives across Europe, the Middle East and Africa reveals the extent of the progress made so far in bridging the divide between new fintech innovators and established financial institutions. It also explains the mutually beneficial reasons for what at times appears an unwieldy alliance.

The report takes in the findings from an industry-wide survey of banks and established financial institutions, fintech start-ups and ecosystem participants alongside insights from over 20 interviews with financial institutions across Europe, fintech founders, investors and enterprise-level technology firms.

As we launch the second edition of our review of Nordic financial innovation, this year extended to incorporate the results of an industry-wide regional survey, it’s clear that the region has moved on. While elements of conservatism remain, and perhaps rightly, the research suggests that bank-fintech collaboration  – as in other parts of Europe – is increasingly normal, and that the divergence is narrowing. Among survey respondents, 74% of Nordic banks said are they engaging in partnerships with fintechs, compared to 78% across the whole of Europe.

The Fintech Disruptors Report: Nordic Edition takes stock of the shifting currents of fintech innovation across Europe and the Nordic countries to chart the course for the new phase of financial services delivery.

The report is the result of interviews with more than 30 start-ups and incumbent banks across Europe and the Nordic region. Conducted between November 2015 and February 2016, it explores the breadth of the fintech ecosystem and makes the call for the continued support of the region’s raft of upstart innovators as they seek to re-make finance for the digital era.

The result of a series of interviews carried out between September and November 2015 with banks, incumbent financial institutions and high profile startups in Europe and the Middle East, the report highlights the forces shaping financial services delivery across the region.

It also seeks to provide insight into the lessons learnt by companies both old and new as they innovate and a roadmap for the years ahead as ‘digital’ migrates from delivery channel to the driving force in modern banking.