Deep Dives

There are 622 Tech Unicorns in the US. Only 13% are profitable, 38% have implemented layoffs, and 49% will need to raise funds in the next 2 years.

It's evident in the valuation tales of FinTech giants from Adyen to PayPal to Block. These enterprises, once flaunting a market cap that overshadowed many European banks, witnessed a value erosion of over 70% since August 2021.

Central to the thriving FinTech ecosystem are real-time payments, which have rapidly become the gold standard in numerous markets. Governments worldwide are rallying behind the potential economic upliftment facilitated by these immediate transactions.

In the realm of SME banking, few names have become as significant in recent years as OakNorth. This institution, by leveraging digital advances and a unique ethos, has redefined what it means to be a contemporary bank in this age of digitization.

Open banking payments utilize Application Programming Interfaces (APIs) to execute direct transfers between banks.

Banking as a Service has taken the financial world by storm. Diverging from traditional white-labeled banking services, BaaS offers an innovative model built upon a plug-and-play API platform. But what does this mean for the financial sector, brands, and consumers alike?