Reports

Fintech & Ecommerce

Italy Sees the Fastest Growth of In-Store Mobile and Wearable Transactions

In-store mobile and wearable transaction values in Italy rose by 122% in 2022 to hit $17.5 billion

Blockchain & Crypto

Australian Taxation Office Implements Crypto Monitoring

The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool

Finance & Economics

BIS Concluded CBDC Project Icebreaker

The Bank for International Settlements (BIS) has finished a joint project exploring international retail and remittance payments use cases for CBDC with the central banks of Israel, Norway and Sweden

Science & Technology

Report Identifies DeFi as New High Growth Area for Crypto Industry, While CeFi Funding Plunges

Digital asset investment firms increased their funding of decentralized finance (DeFi) projects in 2022 by 190%, while investments into centralized finance (CeFi) projects fell 73%

Blockchain & Crypto

ECB Introduces Timeline for CBDC Rollout

The European Central Bank (ECB) has announced its plans for a step-by-step rollout of a digital euro CBDC. The final realisation phase may come later this year

Blockchain & Crypto

A Year of War in Crypto: Report Reveals Amount of Crypto Donations Sent to Ukraine and Russia

Ukraine has received over $70 million in crypto donations since the start of the full-scale Russian invasion, however, pro-Russian military groups also used cryptocurrency to fund their war efforts

Finance & Economics

Embedded Payments Revenue to Surpass $59B Globally by 2027

A new study from Juniper Research found that the global revenue from embedded payments will reach $59 billion in 2027, up 84% from $32 billion in 2023

Science & Technology

US Credit Card Debt Reaches $1 Trillion, While Delinquency Rates Rise

The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst

News

Barclays Reveals Contactless Payments Trends

New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022

Fintech & Ecommerce

UK Fintech Investment Declines 56% in 2022

UK, which had managed to maintain robust levels of fintech investments longer than its European counterparts, saw investment numbers sharply fall last year

Science & Technology

KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge

KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months

News

ECB Reveals Euro Area Lending Trends

January 2023 euro area bank lending survey by European Central Bank (ECB) revealed significant tightening in credit standards for all loan categories along with subdued business loan demand

News

Green Investment Hit a Milestone in 2022

Green investment globally reached the levels of funding put into producing fossil fuels for the first time in 2022 – the important milestone was enabled by dramatic growth in carbon capture investments

News

World Bank Cuts 2023 Global Growth Estimates

The World Bank’s latest “Global Economic Prospects” report predicts 2023 global growth to slow to 1.7% from the 3% expected six months ago

News

DeFi Projects were Main Attack Target in 2022, Expect More Hacks This Year

Reports show DeFi projects faced 113 hacking attacks in 2022, with a total of $950 million in losses

News

Americans Spent a Record $212B on Online Holiday Shopping

Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation