Estonia has 200-250 fintech companies. Key segments of the industry are Digital Lending, Payments, Neobanking, Crypto Assets and Regtech. Understand the environment, trends and key players.
FinTech in Europe: shaping the financial and payments landscape
The largest markets for FinTech in Europe are UK, France and Germany. The Netherlands and Sweden are notable. Ireland, Estonia and Lithuania are small but high-value centres of Fintech in Europe.
Payments hubs Malta and Cyprus compete to lead in crypto assets.
What is payment tokenization? How PSPs improve a payment journey
Payment tokenization is a technique that replaces sensitive card data, such as name and primary account number (PAN), with a unique random code. Tokens are ideal for storing sensitive data against financial crime such as unauthorised access (internal fraud) and data breaches (external hack). Tokens increase sales by reducing the need to re-key data,
The credit card payment journey: Key players and risks
Credit cards are a huge market. In the US, they are the dominant payments method, accounting for 31-40% of total with an annual value of USD 5tn. 800m credit cards are in circulation with total debt exceeding USD 1.2 tn, the average cardholder has 3.9 credit cards and USD 6.7k debt. In
What is Electronic Money? Considerations for Corporates and EMIs
To be classified as e-Money, certain characteristics must be fulfilled: What are examples of Electronic Money? Why does Electronic Money Matter? For corporates, e-Money is an alternative to traditional bank accounts and payment rails. e-Money is flexible and able to cover numerous use cases, currencies, and enable real-time transactions. Often cheaper
What are interchange fees and why do they matter?
Interchange fees are the costs applied to a merchant when a customer makes a credit or debit card payment. The fee is collected by the payment acquirer and then apportioned to the card issuer, card network and acquirer. Example of interchange fees? For an EUR 100 card payment the unit economics
Trends in global Financial Crime 2024
According to NASDAQ, USD 3.1tn in illicit flows and money laundering activity flowed through the global financial system in 2023. The most prevalent money laundering crimes were USD 783bn in drug trafficking, USD 347bn in human trafficking and USD 12bn in terrorist financing. Money laundering estimates are the money flowing […]
Core Banking providers in Europe: Digital financial services
Core Banking systems are the critical infrastructure used to run Banks, PSPs, and FinTechs. Systems have different capabilities but are generally broad in coverage: multi-tenant, asset-class, currency, and payment-rail. Core systems have strengths in customer management, transaction processing, service charge and interest calculation, general ledger accounting, reporting to regulators