The pandemic will likely result in consolidation among finance challengers, as"Post-crisis, disruptive winners will 'take all', as we expect surging demand from financial services for technology to master digital-only interaction, enabled by AI and big-data analytics," said Radboud Vlaar, managing partner at Finch Capital.Research indicates that more people, restricted by lockdowns, are using online financial services, including challenger banking apps and stock-trading apps.
Data from financial advisory firm deVere indicates that fintech apps saw a 72% spike in usage in the final week of March. And numbers from App Annie showed average weekly app downloads for finance apps had jumped 20% between the fourth quarter of 2019 to the end of the first quarter of 2020. Big winners included PayPal, UK neo-bank Monzo, and Barclays' mobile app. Stock-trading apps Robinhood and Acorns also saw download spikes in the US.
Not every company will be a winner, however. Although engagement is up, the pending economic crisis and investor jitters will make life tougher for unprofitable newcomers who don't have sufficient cash runway. At the current pace, funding to emerging fintech companies for the first three months 2020 will likely settle at around $6 billion. Although a large figure, that's the lowest amount going into the sector since the first quarter of 2017,
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »