growth - FinTecBuzz https://fintecbuzz.com Fintech News Thu, 05 Sep 2024 15:28:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://fintecbuzz.com/wp-content/uploads/2019/04/cropped-Original-black-FinTech-512-32x32.png growth - FinTecBuzz https://fintecbuzz.com 32 32 Insurance Software Market Size to Grow by USD 7.29 Billion https://fintecbuzz.com/insurance-software-market-size-to-grow-by-usd-7-29-billion/ https://fintecbuzz.com/insurance-software-market-size-to-grow-by-usd-7-29-billion/?noamp=mobile#respond Fri, 01 Jul 2022 16:30:05 +0000 https://fintecbuzz.com/?p=32330 The insurance software market analysis report has been recently added to Technavio’s catalog. The analysts at Technavio have categorized the global insurance software market is a part of the global application software market. This research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the insurance software market during the forecast period. The insurance software market growth potential is likely to reach USD 7.29 billion from 2020 to 2025....

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The insurance software market analysis report has been recently added to Technavio’s catalog. The analysts at Technavio have categorized the global insurance software market is a part of the global application software market. This research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the insurance software market during the forecast period. The insurance software market growth potential is likely to reach USD 7.29 billion from 2020 to 2025. The report predicts the market to witness an accelerating growth momentum at a CAGR of 8.09% during the projected period.

Insurance Software Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The insurance software market report covers the following areas:

  • Insurance Software Market Size
  • Insurance Software Market Trends
  • Insurance Software Market Industry Analysis
Insurance Software Market Vendor Landscape
  • The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market.
  • Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
  • Accenture Plc, Applied Systems Inc., Axxis Systems SA, Dell Technologies Inc., Guidewire Software Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE are among some of the major market participants.
  • The insurance software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
  • The competitive scenario provided in the report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc
  • Companies such as Accenture Plc and Applied Systems Inc. are offering insurance software such as Accenture Life Insurance & Annuity Platform (ALIP) and Applied Wealth Track, Applied Wealth Mobile, and Applied iFactFind respectively.

Want to know more about the product offerings of other contributing vendors, Request for Sample Report

Insurance Software Market Dynamics

Key Driver: The increasing government regulations on mandatory insurance coverages in developing countries is notably driving the market growth. Growing popularity of health insurance, travel insurance, motor insurance and other miscellaneous insurance is likely to drive the insurance software market during the forecast period.

Key Trend: The saturation in insurance market is the key trend driving the insurance software market growth. With the increasing demand for insurance in developing countries, the demand for software is growing at a fast pace. The traditional methods of insurance are no more adopted. In mature markets, insurers are moving all the new and existing insurance policies to digital platforms.

Key Challenge: The tightening regulatory environment for insurance players is one of the key factors impeding the market growth. With the rising number of government regulations, insurance companies will face the challenge of increased prerequisites for the insurance industry.

Further highlights on the key factors influencing the market can be retrieved as you Download this Sample Report Copy

Insurance Software Market Segmentation

  • Deployment
    • On-premise
    • Cloud-based
  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America

Grab this Sample Report and Get Segment-based highlights of each contributing market segment

Get ready to achieve excellent business outcomes from this exclusive insurance software market report by Technavio. The report will solve most of the commonly asked queries pertaining to the market including –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
  • What is the YOY growth variance scenario in the market space?
  • Which business tactics will influence the competitive scenarios and define the market’s growth potential?
  • What are market drivers, restraints, and upcoming opportunities impacting the demand & growth of the market?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

So Don’t wait, Design a strategic approach & boost your business goals with our Insurance Software Market Analysis Report –  Download Sample Now!

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Insurance Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.09%

Market growth 2021-2025

$ 7.29 billion

Market structure

Fragmented

YoY growth (%)

6.34

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Japan, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Applied Systems Inc., Axxis Systems SA, Dell Technologies Inc., Guidewire Software Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Application software market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 15: Deployment – Market share 2020-2025 (%)
  • 5.2 Comparison by Deployment
    • Exhibit 16: Comparison by Deployment
  • 5.3 On-premise – Market size and forecast 2020-2025
    • Exhibit 17: On-premise – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: On-premise – Year-over-year growth 2020-2025 (%)
  • 5.4 Cloud-based – Market size and forecast 2020-2025
    • Exhibit 19: Cloud-based – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Cloud-based – Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Deployment
    • Exhibit 21: Market opportunity by Deployment

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 23: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 24: Geographic comparison
  • 7.3 North America – Market size and forecast 2020-2025
    • Exhibit 25: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 26: North America – Year-over-year growth 2020-2025 (%)
  • 7.4 APAC – Market size and forecast 2020-2025
    • Exhibit 27: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: APAC – Year-over-year growth 2020-2025 (%)
  • 7.5 Europe – Market size and forecast 2020-2025
    • Exhibit 29: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: Europe – Year-over-year growth 2020-2025 (%)
  • 7.6 MEA – Market size and forecast 2020-2025
    • Exhibit 31: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: MEA – Year-over-year growth 2020-2025 (%)
  • 7.7 South America – Market size and forecast 2020-2025
    • Exhibit 33: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 35: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 36: Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 37: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Vendor landscape
    • Exhibit 38: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 39: Landscape disruption
    • Exhibit 40: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 41: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 42: Market positioning of vendors
  • 10.3 Accenture Plc
  • 10.4 Applied Systems Inc.
    • Exhibit 48: Applied Systems Inc. – Overview
    • Exhibit 49: Applied Systems Inc. – Product and service
    • Exhibit 50: Applied Systems Inc. – Key news
    • Exhibit 51: Applied Systems Inc. – Key offerings
  • 10.5 Axxis Systems SA
    • Exhibit 52: Axxis Systems SA – Overview
    • Exhibit 53: Axxis Systems SA – Product and service
    • Exhibit 54: Axxis Systems SA – Key offerings
  • 10.6 Dell Technologies Inc.
    • Exhibit 55: Dell Technologies Inc. – Overview
    • Exhibit 56: Dell Technologies Inc. – Business segments
    • Exhibit 57: Dell Technologies Inc. – Key news
    • Exhibit 58: Dell Technologies Inc. – Key offerings
    • Exhibit 59: Dell Technologies Inc. – Segment focus
  • 10.7 Guidewire Software Inc.
    • Exhibit 60: Guidewire Software Inc. – Overview
    • Exhibit 61: Guidewire Software Inc. – Business segments
    • Exhibit 62: Guidewire Software Inc.- Key news
    • Exhibit 63: Guidewire Software Inc. – Key offerings
  • 10.8 International Business Machines Corp.
    • Exhibit 64: International Business Machines Corp. – Overview
    • Exhibit 65: International Business Machines Corp. – Business segments
    • Exhibit 66: International Business Machines Corp. – Key news
    • Exhibit 67: International Business Machines Corp. – Key offerings
    • Exhibit 68: International Business Machines Corp. – Segment focus
  • 10.9 Microsoft Corp.
    • Exhibit 69: Microsoft Corp. – Overview
    • Exhibit 70: Microsoft Corp. – Business segments
    • Exhibit 71: Microsoft Corp. – Key news
    • Exhibit 72: Microsoft Corp. – Key offerings
    • Exhibit 73: Microsoft Corp. – Segment focus
  • 10.10 Oracle Corp.
    • Exhibit 74: Oracle Corp. – Overview
    • Exhibit 75: Oracle Corp. – Business segments
    • Exhibit 76: Oracle Corp. – Key offerings
    • Exhibit 77: Oracle Corp. – Segment focus
  • 10.11 Salesforce.com Inc.
    • Exhibit 78: Salesforce.com Inc. – Overview
    • Exhibit 79: Salesforce.com Inc. – Business segments
    • Exhibit 80: Salesforce.com Inc. – Key offerings
  • 10.12 SAP SE
    • Exhibit 81: SAP SE – Overview
    • Exhibit 82: SAP SE – Business segments
    • Exhibit 83: SAP SE – Key news
    • Exhibit 84: SAP SE – Key offerings
    • Exhibit 85: SAP SE – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 86: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 87: Research Methodology
    • Exhibit 88: Validation techniques employed for market sizing
    • Exhibit 89: Information sources
  • 11.4 List of abbreviations
    • Exhibit 90: List of abbreviations

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White Star Capital launches new Asian investment hub https://fintecbuzz.com/white-star-capital-launches-new-asian-investment-hub/ https://fintecbuzz.com/white-star-capital-launches-new-asian-investment-hub/?noamp=mobile#respond Thu, 09 Jun 2022 17:00:41 +0000 https://fintecbuzz.com/?p=31305 White Star Capital has increased its team in Singapore to six and promoted Cristina Ventura and Joe Quinn Wei to General Partner The firm has also marked the launch with a new report on the state of SEA’s VC landscape Findings highlight the growth of crypto, blockchain, and Web3 in the region, and show that Singapore is now firmly placed as the leading hub for tech innovation White Star Capital, a global multi-stage technology investment platform, has today announced it is doubling down...

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  • White Star Capital has increased its team in Singapore to six and promoted Cristina Ventura and Joe Quinn Wei to General Partner
  • The firm has also marked the launch with a new report on the state of SEA’s VC landscape
  • Findings highlight the growth of crypto, blockchain, and Web3 in the region, and show that Singapore is now firmly placed as the leading hub for tech innovation
  • White Star Capital, a global multi-stage technology investment platform, has today announced it is doubling down on Asia with the opening of a new office and expansion of its team based in Singapore. The move is bolstered by findings of a new report from the firm revealing the state of the venture capital (VC) landscape in South East Asia (SEA).

    Among other key findings in the report, Singapore surpassed 2020 VC investment in the first half of 2022 and is on track to overtake the record levels seen in 2021. Crypto, blockchain, and Web3 startups are driving much of the growth in the region, with almost $1bn in funding to date in 2022, on track to surpass the $1.45bn total in 2021 across SEA. Highlights are included below, and the full report can be accessed here.

    Doubling down on South East Asia

    The firm started investing in SEA in 2020 when Sanjay Zimmermann moved to Singapore. Since then, the firm has backed several companies in the region including Flash CoffeeSleekUna BrandsPop Meals, and ALEX. As part of its commitment to the region, White Star Capital has officially opened an office in the CapitaSpring building in Singapore and now has six investment professionals based in the country. The firm also recently announced the promotion of Cristina Ventura and Joe Quinn Wei to General Partners of the firm.

    SEA is the top new region for VC investment this decade, with 10% of the world’s population, 4x the GDP per capita growth vs the world average, the second-fastest-growing workforce in the world, and a growing base of 480 million active internet users in the region. There has been over $120bn in venture capital invested in start-ups in SEA since 2019. In light of this rapid growth, White Star Capital has released its second report on the VC landscape in the region. The findings multiplied the firm’s long-term excitement for the region.

    Key findings from the South East Asia Report

    The report shows that funding is moving away from later-stage deals and into earlier stages, affecting overall deal value. Although valuations are falling from the previous quarter, the deal number is staying constant. And, while SEA used to be viewed as an M&A exit market, public market exits took off in 2021 — and some were spectacular. For instance, GoTo’s $1.1bn IPO in 2022 almost equaled the total value of exits for the entire SEA market in 2021.

    Although the number of VC deals in South East Asia remains at an all-time high, the amount of VC capital invested dropped in Q1′ 22. The main reason behind this discrepancy between deal count and capital invested is the significant decline in valuation. The median valuation for South East Asia startups dropped by 50% from Q4′ 21 to Q1′ 22.

    VC activity in SEA strongly correlates with growth in online commerce, which has grown at a 40% CAGR since 2013. More than half of the region’s 42 unicorns are in e-commerce and e-payment, but the region is seeing significant increases in funding activity in healthcare and edtech as well.

    SEA becomes the capital of digital asset investing

    The most noteworthy trend – SEA is at the forefront of digital assets development, with an astounding 627 crypto/blockchain companies headquartered in the region. To date, there has been $3.3bn worth of VC investment into the region’s digital assets companies. A lot of these investments were fairly recent, with more than $2.5bn occurring in the last 18 months. Indeed, SEA has emerged as the capital of digital asset investing, with the 10 most active VC firms in the sector having made over 300 investments. VC investments in digital assets in SEA are on course to surpass 2021 in the first half of this year, even in light of the market cooling.

    Strength of Singapore, and a readjustment in Indonesia

    Despite its size, Singapore has emerged as the startup hub in the region. As a country with a population of only 5.9m, it is impressive that startups based in Singapore have managed to raise $4.2bn in 2022 year-to-date alone. Deal count is also looking strong with 249 deals already completed in 2022. As the top country in terms of VC funding per capita, Singapore has created a healthy ecosystem where startups have sufficient access to capital.

    On the other hand, Indonesia has seen a drop in funding, with the surge in venture capital secured in 2021 ($9.3bn) not matched in the YTD of 2022, with only $1.3bn so far. Worth noting that there were 222 deals in 2021, and 86 in 2022 suggesting that valuations are decreasing and investors are seeking investments in earlier-stage companies. Indonesia still shows promise, however, due to its large population and growing middle class. The country is also home to several unicorns and has ample access to funding.

    “We believe South East Asia is one of the most exciting markets for venture capital investment, given its large diverse population, fast-growing economies, and the incredible leapfrogging of technology,” said Eric Martineau-Fortin, Founder and Managing Partner of White Star Capital. “We’re doubling down in the region by opening a Singapore office, appointing two new general partners and investing in early, growth, and late-stage start-ups. We have now strengthened our position as the partner of choice for founders building businesses in the region.”

    “It has been inspiring to see the growth of the tech ecosystem across South East Asia, and Asia more broadly, over the last 18 years,” commented Cristina Ventura, Chief Catalyst Officer and General Partner at White Star Capital. “The region is going from strength to strength, and I’m looking forward to establishing a permanent office with White Star Capital in Singapore. Looking ahead, we’re focused on accelerating the human, growth, and value capital of the ecosystem in the region. The combination of exceptional talent, economic growth, availability of venture capital, early success stories, and the support of government institutions makes SEA an incredibly exciting place to be an investor right now.”

    For the full report please visit Medium.

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    Mike Schroeder of Roundstone Insurance as Entrepreneur Of The Year https://fintecbuzz.com/mike-schroeder-of-roundstone-insurance-as-entrepreneur-of-the-year/ https://fintecbuzz.com/mike-schroeder-of-roundstone-insurance-as-entrepreneur-of-the-year/?noamp=mobile#respond Wed, 01 Jun 2022 18:00:32 +0000 https://fintecbuzz.com/?p=31012 Celebrating ambitious pioneers tackling our biggest challenges

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    Ernst & Young LLP announced Michael Schroeder, founder and President of Roundstone Insurance, as an Entrepreneur Of The Year® 2022 East Central Award finalist. Entrepreneur Of The Year is a preeminent competitive business award for leaders of high-growth companies who think big to succeed.

    Schroeder was selected by a panel of independent judges using the following criteria – entrepreneurial spirit, purpose, growth, and impact – among other core contributions and attributes.

    “Being selected as a finalist for the Entrepreneur Of The Year award is testament to the efforts and contributions of the entire Roundstone team as we continue to grow at a fast pace,” said Michael Schroeder, founder and President of Roundstone. “I am honored to be recognized in pursuit of a mission that I care deeply about: affordable, high-quality healthcare for all – and the part our company plays in helping small and mid-size businesses offer great health benefits to their employees.”

    Regional winners will be announced at the East Central awards celebration on June 16, 2022 at Stage AE in Pittsburgh, PA. Those winners will be considered by the national independent judging panel for the Entrepreneur Of The Year National Awards, which will be presented at the annual Strategic Growth Forum®, a prestigious gathering of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will move on to compete for the EY World Entrepreneur Of The Year™ Award.

    For over 35 years, EY US has celebrated the unstoppable entrepreneurs who are building a more equitable, sustainable, and prosperous world for all. The Entrepreneur Of The Year program has recognized more than 10,000 US executives since its inception in 1986. Winners have exclusive, ongoing access to the experience, insight, and wisdom of fellow members of the entrepreneurial community in over 60 countries.

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    Quad-C Management Announces Investment in Catapult https://fintecbuzz.com/quad-c-management-announces-investment-in-catapult/ https://fintecbuzz.com/quad-c-management-announces-investment-in-catapult/?noamp=mobile#respond Mon, 30 May 2022 17:00:01 +0000 https://fintecbuzz.com/?p=30888 Quad-C Management, a leading middle market private equity firm, announced that it has recently closed on an investment in Catapult Print and Packaging LLC (“Catapult” or the “Company”), a leading printer and converter of linerless and pressure sensitive labels. Founded in 2018 and based in Orlando, Florida, Catapult provides specialty labels primarily serving the food and beverage, industrial and consumer end-markets. Mark Cook founded the Company with his two sons, Lewis and Ashley, with the vision of creating...

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    Quad-C Management, a leading middle market private equity firm, announced that it has recently closed on an investment in Catapult Print and Packaging LLC (“Catapult” or the “Company”), a leading printer and converter of linerless and pressure sensitive labels.

    Founded in 2018 and based in Orlando, Florida, Catapult provides specialty labels primarily serving the food and beverage, industrial and consumer end-markets. Mark Cook founded the Company with his two sons, Lewis and Ashley, with the vision of creating a best-in-class label provider. Catapult leverages the latest printing technology and management’s operational experience to drive industry-leading service levels, lead times and quality products.

    A family-owned business since its 2018 inception, Catapult is led by CEO, Mark Cook, President, Lewis Cook and Chief Marketing Officer, Ashley Cook, all of whom will continue in that capacity.

    “We are excited to partner with Quad-C to continue the growth trajectory of Catapult,” said Mark Cook. “We believe there is tremendous opportunity to establish a leading label provider and plan to continue to invest in that goal.”

    “We view Quad-C as the ideal partner to support the next phase of growth at Catapult given their long history of investing in family-owned businesses,” said Lewis Cook. “We have a shared vision to build a national platform and are excited to have a likeminded partner in Quad-C to help our team execute on our growth plan.”

    “We have been impressed with the entire Catapult team from day one and the Company’s approach to the label industry,” said Frank Winslow, Partner at Quad-C. “We have evaluated the label market for years and view Catapult as a differentiated platform. We share management’s enthusiasm regarding the partnership and growth outlook.”

    “Catapult fits well with Quad-C’s investment criteria, and we see multiple avenues for continued growth,” said Matt Trotta, Vice President at Quad-C. “We look forward to partnering with the Catapult team and supporting that growth.”

    Deloitte Corporate Finance served as financial advisor to Catapult on the transaction and Gibson Dunn & Crutcher served as legal counsel to Quad-C.

    Terms of the investment were not disclosed.

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    Global Web 3.0 Blockchain Market Competition Forecast https://fintecbuzz.com/global-web-3-0-blockchain-market-competition-forecast/ https://fintecbuzz.com/global-web-3-0-blockchain-market-competition-forecast/?noamp=mobile#respond Mon, 23 May 2022 14:30:54 +0000 https://fintecbuzz.com/?p=30549 The “Global Web 3.0 Blockchain Market, By Blockchain Type (Public, Private, Consortium, and Hybrid), By Application, By Vertical, By Organization Size, By Region, Competition Forecast and Opportunities, 2017-2027″ report has been added to ResearchAndMarkets.com’s offering. The global web 3.0 blockchain market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the continuous evolution of technologies and shifts in data ownership toward users. Web 3.0 blockchain, also known as the...

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    The “Global Web 3.0 Blockchain Market, By Blockchain Type (Public, Private, Consortium, and Hybrid), By Application, By Vertical, By Organization Size, By Region, Competition Forecast and Opportunities, 2017-2027″ report has been added to ResearchAndMarkets.com’s offering.

    The global web 3.0 blockchain market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the continuous evolution of technologies and shifts in data ownership toward users. Web 3.0 blockchain, also known as the decentralized web, is the third internet generation that utilizes decentralized ledger technology (DLT), machine learning (ML), and Big Data.

    Web 3.0 blockchain provides users an enhanced browsing experience and enables them to analyze data more efficiently. Web 3.0 is more user-friendly and interactive than previous versions. Leading government authorities are launching digital transformation initiatives to provide a regulatory framework for supporting the growth of the Web 3.0 blockchain.

    Rising concerns related to data security and increasing investments from companies to expand the applications of web 3.0 blockchain are expected to drive the global web 3.0 market growth. Rapid urbanization, globalization, and digitalization are enabling users to utilize advanced technologies and lead a quality life. Blockchain technology offers system human-like intelligence and provides enhanced data connectivity. Hence, organizations are adopting web 3.0 blockchain to improve data security and privacy, which is expected to boost the global web 3.0 blockchain market.

    The rapid popularity of digital assets and cryptocurrencies and the rollout of 5G and 6G technologies are also creating a demand for web 3.0 blockchain technology. Furthermore, the growing adoption of connected devices and shifting dependency of transactions and permissions away from a central authority are driving the growth of the global web 3.0 blockchain market.

    The global web 3.0 blockchain market is segmented based on blockchain type, application, vertical, organization size, company, and regional distribution. Based on the blockchain type, the market is divided into public, private, consortium, and hybrid. Public blockchain technology is anticipated to dominate the global web 3.0 blockchain market due to its increased demand over counterparts as they require no regulations and are highly secure. Based on the organization size, the market is divided into small and medium-sized enterprises and large enterprises.

    The large enterprise segment is expected to hold the largest share in the global web 3.0 blockchain market as they are making high-end investments for technological up-gradation to stay ahead in the market.

    Major players operating in the global web 3.0 market are Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena, ZCash, etc.

    Years Considered for This Report:

    • Historical Years: 2017-2020
    • Base Year: 2021
    • Estimated Year: 2022E
    • Forecast Period: 2023F-2027F

    Objective of the Study:

    • To analyze the historical growth in the market size of global web 30 blockchain market from 2017 to 2021
    • To estimate and forecast the market size of global web 30 blockchain market from 2022E to 2027F and growth rate until 2027F
    • To classify and forecast global web 30 blockchain market based on blockchain type, application, vertical, organization size, region, and competitive Landscape
    • To identify dominant region or segment in the global web 30 blockchain market
    • To identify drivers and challenges for global web 30 blockchain market
    • To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in global web 30 blockchain market
    • To identify and analyze the profile of leading players operating in global web 30 blockchain market
    • To identify key sustainable strategies adopted by market players in global web 30 blockchain market

    Report Scope:

    In the report, global web 3.0 blockchain market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

    Web 3.0 Blockchain Market, By Blockchain Type:

    • Public
    • Private
    • Consortium
    • Hybrid

    Web 3.0 Blockchain Market, By Application:

    • Cryptocurrency
    • Conversational AI
    • Data & Transaction Storage
    • Payments
    • Smart Contract
    • Others

    Web 3.0 Blockchain Market, By Vertical:

    • BFSI
    • E-commerce & Retail
    • Media & Entertainment
    • Healthcare & Pharmaceuticals
    • IT & Telecom
    • Others

    Web 3.0 Blockchain Market, By Organization Size:

    • Small and Medium-Sized Enterprises
    • Large Enterprises

    Web 3.0 Blockchain Market, By Region:

    NORTH AMERICA
    • United States
    • Canada
    • Mexico
    ASIA-PACIFIC
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Poland
    • Denmark
    SOUTH AMERICA
    • Brazil
    • Argentina
    • Colombia
    • Peru
    • Chile
    MIDDLE EAST & AFRICA
    • Saudi Arabia
    • South Africa
    • UAE
    • Iraq
    • Turkey

    Companies Mentioned

    • Polkadot (Web3 Foundation)
    • Helium Systems Inc.
    • Ocean Protocol Foundation Ltd.
    • Decentraland
    • Flux
    • Filecoin
    • Kadena
    • Zcash

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    GSMA Warns Internet Value Chain Growth to Stall https://fintecbuzz.com/gsma-warns-internet-value-chain-growth-to-stall/ https://fintecbuzz.com/gsma-warns-internet-value-chain-growth-to-stall/?noamp=mobile#respond Mon, 16 May 2022 18:00:14 +0000 https://fintecbuzz.com/?p=30261 GSMA WARNS INTERNET VALUE CHAIN GROWTH TO STALL UNLESS MARKET IMBALANCES ADDRESSED

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    Double-Digit Internet Value Chain Growth at Risk if Infrastructure Investors Cannot Realise Meaningful Returns

    A new GSMA report warns market imbalances between network operators and online services providers may put global growth prospects at risk across multiple sectors of the internet-based economy. Policymakers, the report urges, must consider the interdependence of online services and other growth sectors on the underlying infrastructure investment.

    The GSMA 2022 Internet Value Chain Report reveals factors including asymmetric regulation and restrictions, sector-specific taxes, and spectrum costs are squeezing the business models of infrastructure providers whilst allowing Big Tech to thrive.

    Telco squeeze

    The study finds that revenues across the internet value chain nearly doubled in five years, from $3.3 trillion in 2015 to $6.7 trillion in 2020. Much of this growth comes from online services; they saw a 19% increase in revenue per annum in 2020.

    • Paid-for online services will soon exceed $1trillion in revenues, driving huge capacity demand on global networks.
    • With an annual growth rate of 7.5%, the number of users being connected to the internet globally shows no sign of slowing.
    • Traffic per user grew at 27% per year, with almost 80% of that being driven by video traffic.

    Yet the return on investment in infrastructure for network operators was far lower, between 6% and 11%. The report highlighted average sub-10% returns on capital as a concern due to pressure on telecom operators to keep investing CAPEX at rates of up to 20% of revenue.

    The GSMA’s Chairman José María Álvarez-Pallete said, “The internet connects 4.6 billion people and drives the global economy. It is transforming business models, unlocking new opportunities, and uplifting communities across the world. But as some sectors in the internet value chain thrive, the demands of investing in the infrastructure those sectors rely on for growth are squeezing network operators. We welcome the growing recognition of this issue by policymakers, and as the internet-based economy expands across all sectors over the next decade.”

    The report notes that counterproductive taxation on infrastructure, cumbersome regulatory requirements, and other value-eroding factors can reduce incentives for infrastructure investment. It encourages policymakers to consider the full landscape of taxation and regulation, ensuring that companies investing in infrastructure are incentivised to build and upgrade the networks that underpin online services.

    Download the 2022 Internet Value Chain report.

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    Gateway Welcomes Kyle Hubbard as Division President of Retail Banking https://fintecbuzz.com/gateway-welcomes-kyle-hubbard-as-division-president-of-retail-banking/ https://fintecbuzz.com/gateway-welcomes-kyle-hubbard-as-division-president-of-retail-banking/?noamp=mobile#respond Thu, 05 May 2022 17:30:35 +0000 https://fintecbuzz.com/?p=29820 Gateway First Bank, one of the largest banking operations in Oklahoma, has announced that Kyle Hubbard has joined Gateway’s banking team as Division President of Retail Banking. Hubbard is based in Gateway’s Jenks Corporate banking office. In this role, Hubbard will lead brand strategy for retail banking along with the digital bank strategy, including being the executive champion of the Q2 platform integration, rollout, and maintenance. He will be instrumental in the planning and development...

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    Gateway First Bank, one of the largest banking operations in Oklahoma, has announced that Kyle Hubbard has joined Gateway’s banking team as Division President of Retail Banking. Hubbard is based in Gateway’s Jenks Corporate banking office.

    In this role, Hubbard will lead brand strategy for retail banking along with the digital bank strategy, including being the executive champion of the Q2 platform integration, rollout, and maintenance. He will be instrumental in the planning and development of the retail banking expansion in both physical location and product growth.

    “Kyle brings over 20 years of banking experience,” said Scott Gesell, CEO of Gateway. “His past accomplishments and experiences make him the right person to help lead Gateway’s banking growth. He also has a strong history of community engagement which fits the Gateway culture of strengthening families and communities.”

    Hubbard entered banking in 2002 out of college and spent the majority of his career in various roles in the Bartlesville, Oklahoma area. He started as a teller while attending graduate school, has worked in both the retail and commercial banking areas, and was most recently President/CEO of the Springfield, MO, and Bartlesville, OK, markets for his previous Banking employer. His community engagement includes organizations such as Leadership Oklahoma, The Boys and Girls Club of Bartlesville, Oklahoma Wesleyan University Board, and Ozarks Food Harvest Board.

    “I am from Oklahoma, and it feels great to be coming back to my hometown area,” said Hubbard. “I am excited to be joining the Gateway team on the ground floor of expansion in current and new markets and products.”

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    Real Quick Capital Launches New Lending Platform https://fintecbuzz.com/real-quick-capital-launches-new-lending-platform/ Fri, 25 Mar 2022 17:30:03 +0000 https://fintecbuzz.com/?p=28063 Real Quick Capital today announced the launch of its direct private lending platform that offers family office flexibility with institutional lending capabilities. Providing nationwide services, Real Quick Capital addresses the shortcomings of today’s traditional lending industries with its innovative, tech-driven process that delivers real-time term sheets to investors within minutes of being on their site. Leveraging national real estate relationships and capital markets expertise, along with proprietary technology, Real Quick Capital provides a client driven lender...

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    Real Quick Capital today announced the launch of its direct private lending platform that offers family office flexibility with institutional lending capabilities. Providing nationwide services, Real Quick Capital addresses the shortcomings of today’s traditional lending industries with its innovative, tech-driven process that delivers real-time term sheets to investors within minutes of being on their site. Leveraging national real estate relationships and capital markets expertise, along with proprietary technology, Real Quick Capital provides a client driven lender experience.

    Real Quick Capital Principal Steven Ostad brings vertically integrated experience throughout the real estate field, from acquisitions and management to lending and developing. As a direct private lender, Real Quick Capital can customize lending solutions to fit each borrower’s requirements. Servicing anyone with real estate investment needs, they can support an array of property types including single- and multi-family residences, rental properties and ground up construction. Allowing for instant approvals on a mobile device, Real Quick Capital aims to be the go-to ancillary source to real estate brokers.

    “The lending industry is poised for incredible growth, and we’ve equipped the Real Quick Capital platform with the right technology to better facilitate this growth,” said Real Quick Capital Principal Steven Ostad. “For years, it has been hard for non-traditional borrowers to acquire capital for investment properties. We are here to reinvent the process, not the wheel in this fast and competitive market. Real Quick Capital is confident with its vision in the private lending sector, pioneering the modern shift in the industry for a client driven experience.”

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    Crowdfunding Market Size Worth $1.30 Billion by 2028 https://fintecbuzz.com/crowdfunding-market-size-worth-1-30-billion-by-2028/ https://fintecbuzz.com/crowdfunding-market-size-worth-1-30-billion-by-2028/?noamp=mobile#respond Tue, 22 Mar 2022 20:30:25 +0000 https://fintecbuzz.com/?p=27836 The global crowdfunding market size is estimated to reach USD 1.30 billion by 2028 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028, according to a new report by Million Insights. Easy access to the capital as compared to the traditional funding is the crucial factor that drives the growth of the market. Social media as a source of free-of-cost promotion is another factor that drives the market. However, frauds and...

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    The global crowdfunding market size is estimated to reach USD 1.30 billion by 2028 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028, according to a new report by Million Insights. Easy access to the capital as compared to the traditional funding is the crucial factor that drives the growth of the market. Social media as a source of free-of-cost promotion is another factor that drives the market. However, frauds and cyber-security breaches are observed as the important risks of crowdfunding globally and are the key factors restraining the growth of the market. Most of the major players operating in the market are implementing various strategies, such as new product launches, mergers, and acquisitions, to gain maximum share in the global market.

    Crowdfunding Market Report Highlights:

    • The startups segment is likely to register the fastest CAGR from 2021 to 2028. Crowdfunding popularity has increased globally in the last couple of years, as more and more startups have shifted towards these platforms to fund their projects.
    • North America is expected to be the fastest-growing regional market from 2021 to 2028.
    • The U.S. is the leading country in the North America market due to the high number of startups, which creates a lucrative opportunity for crowdfunding platforms.
    • Asia Pacific accounted for the largest market share of more than 80% in 2020. In 2020, China was the major country in the world that contributed largely to this market.
    • According to the Cambridge Centre for Alternative Finance, reward-based crowdfunding is the most popular crowdfunding platform in China, in terms of the number of participants.
    • Moreover, reward-based crowdfunding platforms in Asia Pacific place “media and promotion” as their main focus of research and development, which contributes to the regional market growth.

    Crowdfunding Market Growth & Trends

    The COVID-19 pandemic has positively impacted the market. Crowdfunding platforms helped many start-up companies and small-scale businesses impacted by the pandemic. According to Enventys Partners, the number of Kickstarter projects from January to April 2020, experienced a surge of 8.93% over the previous year in spite of the COVID-19 pandemic. Thus, the pandemic has played an important role in pushing the growth of the market. The small businesses segment accounted for the largest revenue share in 2020.

    Most of the small businesses are choosing crowdfunding platforms for raising funds for their project or business. According to The Wall Street Journal, numerous small businesses have launched GoFundMe campaigns in 19 nations in recent times. Thus, the crowdfunding demand for small businesses is high and contributed more to the market revenue.

    Read synopsis or request for a free sample of market research report, “Crowdfunding Market Size, Share & Trends Analysis Report by Type (Small Businesses, Startups, Artists), By Region (Asia PacificNorth AmericaEurope, MEA), And Segment Forecasts, 2021 – 2028″, published by Million Insights.

    Crowdfunding Market Segmentation

    Million Insights has segmented the global crowdfunding market on the basis of type and region:

    Crowdfunding Type Outlook (Revenue, USD Million, 2017 – 2028)

    • Small Businesses
    • Startups
    • Artists

    Crowdfunding Regional Outlook (Revenue, USD Million, 2017 – 2028)

    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

    List of Key Players of Crowdfunding Market

    • GoFundMe, Inc.
    • Indiegogo, Inc.
    • Kickstarter, PBC
    • Patreon, Inc.
    • Pozible Pty Ltd.
    • Thunder Fund
    • Crowdfunder Ltd.
    • Fundable LLC
    • RocketHub Inc.
    • Nav Technologies, Inc.

    Browse more Research Reports published by Million Insights

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    • Skin Treatment Market – The global skin treatment market size is expected to reach USD 19.35 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 2.7% from 2021 to 2028. The market growth is attributed to the rising demand for soft gel products from consumers in the U.S. and China. Moreover, the increasing demand for oral capsules and external cream from Asia Pacific is anticipated to boost the market growth over the forecast period.

    Explore Snapshots by Million Insights, for industry specific reports that provide real-time market trends and forecasts, by condensing the integral elements from our industry reports into bite-sized paragraphs, charts, and tables.

    Access More Snapshot Reports and Press Releases.

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    Dock Launches Offices Across Latin America Amid Continued Growth https://fintecbuzz.com/dock-launches-offices-across-latin-america-amid-continued-growth/ https://fintecbuzz.com/dock-launches-offices-across-latin-america-amid-continued-growth/?noamp=mobile#respond Mon, 14 Mar 2022 21:00:25 +0000 https://fintecbuzz.com/?p=27527 Leading fintech expands Latin American footprint by opening new operations in Mexico, Peru, Chile, Colombia, Argentina, Ecuador and the Dominican Republic Company sees continued growth across active accounts and employee count Dock also appoints new Chief Revenue Officer and Latin American Expansion Officer Dock, an innovator in financial technology infrastructure across Latin America, announced today the launch of new regional offices and key growth milestones. The new offices are located in Mexico City, Mexico; Lima, Peru;...

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    Leading fintech expands Latin American footprint by opening new operations in Mexico, Peru, Chile, Colombia, Argentina, Ecuador and the Dominican Republic
    Company sees continued growth across active accounts and employee count
    Dock also appoints new Chief Revenue Officer and Latin American Expansion Officer

    Dock, an innovator in financial technology infrastructure across Latin America, announced today the launch of new regional offices and key growth milestones. The new offices are located in Mexico City, Mexico; Lima, Peru; Santiago, Chile; and Bogotá, Colombia. Dock is also setting up operations in Buenos Aires, Argentina, by the end of the first quarter of this year, and in Quito, Ecuador, and Santo Domingo, Dominican Republic, later this year. The launch of Dock’s local operations solidifies the company’s position as the largest payments infrastructure provider in Latin America. This expansion follows a series of recent acquisitions and is part of the company’s plans to tap into the $16 billion total addressable market for banking-as-a-service and the $2.5 billion total addressable market for card processing in the Latin American region.1

    Dock also saw substantial organic growth in 2021 within the areas of active accounts, clients and talent. Growth highlights, year over year:

    • Total monthly active accounts processed in December 2021 increased 55% to 48.4 million
    • Active digital banking accounts increased 380%
    • Dock’s team grew by 72%, with over 700 new hires, expanding its global team to over 1,700 employees

    “Dock is now the biggest, most modern fintech partner available in Latin America,” says Antonio Soares, Chief Executive Officer of Dock. “We’re proud of the momentum we’ve gained over the last year and look forward to our continued growth in 2022. Our expanded operations in the Latin American region will give us access to new partners and talent, as we make a more robust investment in our technology and people to deliver an unmatched experience to our customers.”

    As part of its Latin American expansion, Dock has elevated the co-founders of Cacao, the Mexico-based payments infrastructure company which Dock acquired in December 2021, to its executive leadership team. Gerardo Bonilla, co-founder and former president of Cacao, will assume the role of Chief Revenue Officer at Dock and will lead Dock’s sales and business operations across all countries, including Brazil. Jorge Alvarez, co-founder and former CEO of Cacao, will assume the role of Latin American Expansion Officer, in which he will oversee all of Dock’s regional office launches and operations.

    “Our mission is to enable our clients to democratize access to the financial system for millions of unbanked and underbanked people in Latin America,” said Gerardo Bonilla, Chief Revenue Officer of Dock. “We’re focused on enabling clients of all sizes and sectors, from banks to fintechs to embedded finance initiatives. The opening of our regional operations will accelerate our efforts to reach and serve more customers in the region.”

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