HomeEconomyFintech threat to big banks disappears in 2022 as rates rise -... Economy Fintech threat to big banks disappears in 2022 as rates rise – report By hossam a February 15, 2023 0 85 views Share FacebookTwitterPinterestWhatsApp Movement Control Order -0.% Add/Remove from Watchlist Join the watch list Add location Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1:10 500 CREATE NEW WATCHLIST CREATE 2021400 500 Create a new holding portfolio Add Create 2021400 + Add another position to close By Hannah Lang (Reuters) – Competitive threat from fintech firms to big banks grows over time Weakened over the past year, as rising interest rates constrain funding, Moody’s (NYSE: A new report MCO) Find Investor Services. A venture capital fund is reduced in 52 particularly hurts fintech firms that rely on outside capital to fund their operations and acquire customers, Moody’s analysts wrote in a Wednesday note. The report cites data from CB Insights showing a decline in global fintech funding % from50 arrive10. Traditional banks, which have long benefited from well-known brands and customer relationships, have received steady deposit funding over the past year, making them better than many Fintech companies have an edge, Moody’s said. Moody’s said banks had long recognized that technology could disrupt business models and allowed technology groups to enter the banking sector. “They have been aggressively defending against such risks through increased technology spending or through partnerships.” According to Moody’s, fintech companies Typically face more regulatory hurdles than banks and may have encountered new requirements in some jurisdictions in recent years. For example, in Australia 2021renew It has established a national licensing framework for new depository institutions and is considering how to strengthen supervision of consumer credit. but while the current macroeconomic environment may Fintech companies pose a challenge, but the industry report finds it has the potential to increase financial inclusion and reduce costs for consumers. “As has happened in previous market cycles, it is likely that a large number of emerging fintech companies with weak business models will disappear, and a few will survive down and prove to be really disruptive over time,” Moody said. 100 Share FacebookTwitterPinterestWhatsApp Previous article'You' Forge Twisted Relationship in Season 4 ReturnNext articleESPN Films Announces 8-Part Documentary 'The Yankees Win' hossam a RELATED ARTICLES Economy Ghana sends debt restructuring proposal to official creditors: sources June 6, 2023 Economy Sequoia to divest China, India/Southeast Asia businesses amid geopolitical tensions June 6, 2023 Economy Exclusive: China's state banks told to lower cap on dollar deposit rates – sources June 6, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS What does Nikola Jokic need to do to lead the Nuggets in the Finals? Nick Answers | What is Wright? June 6, 2023 Apple Design Awards 2023 Winners Announced June 6, 2023 Lack of focus on Jimmy Butler's Heat is bananas | What's Wright? June 6, 2023 Bitcoin (BTC) Rollercoaster Ride: Is $23,000 The End Of The Line? June 6, 2023 Load more Featured NEWS 29 Free Spins No-deposit Expected British 2023 Remain Everything you Win From the Finest Casinos! June 4, 2023 Soulland Copenhagen Fall 2023 February 8, 2023 ABC Announces Next 'Bachelorette' Lead in 'Women Tell All' Special March 15, 2023 Summer Flu, July RSV, “Super Cold?” August 26, 2022 Load more
