Fintech Analyst Report - Issue 243

Sarah Mason

08 February 2022

In this week’s newsletter, we discover how banks are setting up to deliver crypto services over the year ahead and consider the case study of Thailand when it comes to growth and regulation around the technology. The future of payments is assessed, with QR codes expected to come to the fore, and we look at how data and analytics is driving the growth of ESG initiatives. We also examine the key drivers and inhibitors of ISO 20022 and discover why India is fertile ground for the growth of buy-now pay-later solutions.

Mercator: Banks to ramp up crypto services 

Research by Mercator finds that 44% of banking executives expect to offer crypto services in some shape or form to clients in 2022 – more than double the figure recorded the previous year. 

Kapronasia: Thailand’s agnostic crypto approach 
Countries around the world have taken different approaches to crypto. Some heavily embrace the technology while others have imposed strict bans. Thailand sits in the middle, allowing organic growth with necessary regulation to maximise the technology’s potential. 

Aite-Novarica: ISO 20022 explained    
ISO 20022 aims to revolutionise data communication within the financial services industry, particularly when it comes to efficiency in payments. This report uncovers the drivers and inhibitors of ISO 20022 and whether adoption is rising.     

Forrester: What does the future hold for payments? 
Accelerated by the pandemic, the payments market has experienced a boom in recent years, as consumers rushed to digital channels. This report explores how simplicity will be key for the sector going forward.

Kapronasia: BNPL popularity in India 
A recent study reported that BNPL has become the most popular payment method in India across all ages. With high demand for credit but low credit card adoption, an acceleration of growth is expected.

Celent: Data analytics to evolve ESG 
Credibly measuring and rewarding positive ESG behaviour is increasingly important for corporate success. The convergence of high-performance computing and data analytics has allowed ESG initiatives to be quantified, driving further investment and interest.  

Aite-Novarica: The QR code phenomenon in payments    
With QR codes offering a simple and secure checkout experience, this payment method is fast becoming an essential part of any merchant's payments toolkit. 

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