APRIL 4, 2021
3 min read
We’re glad to see your return to DashDevs Digest! Increased product/service value, satisfied users, retention, trust — are these things constantly in your mind? This week has brought new fintech-related insights to ponder about, and we’d like you to learn them quickly with our help. Ready? Let’s get it started!
Investment & Top Prices of Fintech Companies
Embedded Finance: Is It A Nightmare for Established Institutions?
Though traditional banks have already entered the decade of impressive disruption, there are some promising tactics to implement so as not to lose their position in the market. They both are about the search, but in the first case, the desired reference point is the new distribution channel, while, in the second one, it’s the updated revenue stream. No matter which path to select, the incumbents are to think about bringing up-to-date technological solutions to their products. Here, we’re mostly talking about apps. But would their launching be economically feasible for the majority of current banking players?
Grab Is $40 billion Valued by SPAC: Look Closer at Asian Super-App
Despite the obvious ups and downs, Southeast Asia remains one of the fintech hubs. What’s the secret behind this phoenix rebirth? When scrutinizing Grab’s case, the answer is connected with the possession of the real and working fintech arm, which significantly supports the product’s revenue generation. What else? Diversification! Initially nurtured in Malaysia, now it holds its sway over 8 countries with no more than 35% revenue share at each. Does it ring a bell to you? Think it over!
6 US Fintech Leaders of Today: Who Are They, or $145B Total Worth
Some of them confidently stand their ground in the industry, evoking a lot of rivals’ interest, envy, and puzzlement. Let’s take Stripe, for example. The company has not only succeeded in tripling its marketing value in a year but also outbeaten Elon Musk’s venerable pet project. Sounds magic? But it’s true! Go on to find out the rest 5 fintech stars of US origin!
Next Stage of Customer Experience in Banking — What To Expect?
Only 44% of contemporary enterprises make use of AI and ML for building a higher level of customer engagement through their services. And it’d be the fact to be proud of if it wasn’t the banking sphere. When it comes to this domain, digitalization is obligatory, otherwise, there’s no value novelty compared to traditional banking, right? Don’t miss your chance to update your technological baggage if you wish to compete and win!
4.6 Billion Downloads in 2020: Fintech Apps Are in the Limelight
Even the best banking apps have been left away from the success of the fintech mobile applications the previous year. The COVID-19 pandemic has made its mark on this tendency as the users’ zest for online investment, cash transfers, and other banking operations is accelerating day-to-day. Are you in line with this trend or need a push to action?
Is a Deposit Business Under the Danger of Extinction?
US banks are now weighing the further risks of losing the part of their target audience interested in the deposit business. According to the retail banking expert Jamie Dimon, who has analyzed the financial sector size, such aftermath of neobanks development is highly possible. And even more! He claims that other forms of lending are also under threat. So, what to do then? Look through the list of rescue steps below until it’s too late!
Fintech News & Interesting Facts
Fintech Apps Should Have a Special Filling to Succeed
Do you know which one? If not, this article is the perfect match for you! Actually, it’ll not bring a magic pill to you, but such concepts as ‘gamification,’ ‘education,’ and ‘diversification analysis’ should come into your head and be properly examined. Also, consider the application of social networks in this. Andy Rachleff won’t suggest nonsense!
Users’ Admiration of Credit Karma, SoFi, & Chime: Key Reasons
Fintech lovers are now placing easier decision-making at the top of their needs’ hierarchy. So, giving value and getting the solid part of consumers’ burden away are almost equal things these days. In case your business is drawn towards user engagement, you have all the powers to get into the play. Interested in shaping empathy through banking activities? Start with this article then.
Mastercard Is Ready To Invest in AI by Buying Ekata for $850m
This cross-border experience is a vivid illustration of the company’s belief in a balance between competition and cooperation. By purchasing Ekata, Mastercard is going to expand its digital banking potential in crypto payments and identity verification capabilities. Isn’t it a wise blending? Learn all the details in a sec.
Are you thrilled with the news above? Would you like to immediately correct your fintech branding strategy? DashDevs are here to help. Any ideas which ‘sauce’ to add to your main course to be appetizing? We’ll get back to you in a week with the new spices to try. And for now, experiment while ‘cooking’ yourself!