Is Trump About to Redefine Fintech Forever?

What we’ll cover today:

🔮 What’s Next for US Fintech?

💡 What’s Driving Fintech’s Explosive Growth?

🏦 Traditional Banks Are Intermediaries.

🔗 The Event Roundup.

What’s Next for US Fintech?

Trump is back, and US fintech is gearing up for a wild ride.

Here’s what to watch out for:

• Crypto boom: Trump promises to make the US the global crypto hub while opposing CBDCs, which he calls a “threat to freedom.”
  

• Open banking: Bipartisan support keeps consumer data-sharing rights intact, fueling competition.
  

• AI acceleration: Repealing Biden’s AI regulations could fast-track fintech innovation.
  

• Cybersecurity focus: Rapid tech adoption may heighten cybersecurity risks, demanding robust defences.
  

• International fintech hurdles: Trade tariffs could make US expansion less attractive for foreign players.

For US fintechs, deregulation means growth opportunities, but challenges are not far behind.

Here’s the whole article

1. What’s Driving Fintech’s Explosive Growth?

This article by the World Economic Forum explores the booming growth of fintech, fueled by rising customer demand for accessible and innovative financial solutions. 

It highlights three key drivers: 

1. The Push for Financial Inclusion: Especially for small businesses and female entrepreneurs.

2. The Need for Cost-Effective Digital Services and 

3. The growing trust in fintech over traditional banks. 

It’s all about meeting evolving customer needs.

Here’s The Article

2. Traditional Banks Are Intermediaries.

This is a podcast from Firstbankngr.

In this episode, Ini Ebong, Deputy Managing Director of FirstBank, shares expert insights on Cross-Border Transactions.

Discover how Fintechs are revolutionizing banking services and creating new opportunities for innovation.

Here's The Link To Podcast.

1. Embedded Finance Market Surges to US$185B with Vast Untapped Potential.

The market for embedded finance is experiencing significant growth. The total addressable market (TAM) reached US$185 billion in 2024, a 25% increase from US$150 billion in 2022.

According to a new report by Dutch payment firm Adyen and Boston Consulting Group (BCG), this rise is fueled by the favourable interest rate environment and an expansion of banking revenue pools.

2. Southeast Asia’s Digital Financial Services Revenues Soared To US$ 33B in 2024

Digital financial services (DFS) in Southeast Asia (SEA) are experiencing a remarkable growth trajectory, with projected revenues soaring by 22% from US$22 billion in 2022 to US$33 billion in 2024, a new report by Google, Temasek and Bain and Company says.

3. SIX Group agrees £194m deal to acquire UK’s Aquis Exchange

SIX Group, a Swiss stock exchange operator, has agreed to acquire all issued and to-be-issued shares of the UK-based Aquis Exchange.

The deal will see each Aquis shareholder receive 727 pence in cash per share, more than double the closing price of 330 pence on Friday, November 8.