Fintech Analyst Report - Issue 246

Sarah Mason

01 March 2022

In this week’s newsletter, we look at how the Ukraine crisis is spurring the need for greater cyber security in financial services. The rise of IoT and digital channels for consumers continues apace, and the pressures facing SMEs underscores the need for a reinvention of the credit facilities available to them. Finally, we discover how the $830 billion card market can unlock further opportunities from recurring payments and subscriptions.

Aite-Novarica: The case for quantum defence 
With Russia’s invasion of Ukraine raising the potential of Russian-backed cyberattacks, financial institutions should invest in a multi-pronged approach to cybersecurity.  

JWG: Global cyber defense framework outline  
A key pain point emerging for banking supply chains is the persistent threat of cybersecurity attacks. A focus for the banking industry must now be to invest in deeper and aligned controls.  

Global Data: JPMorgan sets out 2022 digital strategies  
With JP Morgan investing heavily in digital transformation, innovation and technology initiatives, this report assesses the various solutions being delivered through collaboration with tech partners.  

Aite-Novarica: The growth of account access and ownership 
With an increasingly diverse range of accounts available via digital channels, this report looks at consumer ownership in Germany, the UK, and the US. 

Celent: Cycle of small business credit transformation 
Reinvention of small business credit translates into a cycle of improved economics and a virtuous circle of market share gains, more revenues, and more investment.  

Global Data: Rise of IoT in banking 
Over the next five years, revenue from wearable tech will more than double to $156 billion. The global IoT market is expected to reach $1.1 trillion in revenue over the same time frame. 

Mercator Advisory Group: Unlocking transactions with frictionless payments  
Reducing friction is a key objective for processing recurring payments and subscriptions. Looking at a $830 billion card market, this report explores opportunities for issuers and merchants. 

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