12 payments and fintech trends for 2018

1.Faster payments will find their nicheThe Lyft Inc. logo and application (app) is displayed on an Apple Inc. iPhone 5s and MacBook Air for an arranged photograph in Washington, D.C., U.S., on Wednesday, July 9, 2014. Lyft Inc. is taking its ride-sharing...
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China's new problem: 'Frenzy' of consumer lending creates debt 'explosion'

August 18 2017. KEY POINTS Corporate debt in China is falling, but short-term consumer debt is surging, says Deutsche BankSo in aggregate, China is still growing more indebtedThe Chinese government is moving to tackle high debt levels, but the country is still borrowing more, Deutsche...
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Riskier Loans Spike As Indian Banks Chase Credit Growth

September 26, 2017. As corporate borrowing growth remains low and competition increases in home and auto lending, large Indian banks have turned to a riskier bet: unsecured loans to individuals. Outstanding credit card debt rose over 30 percent year-on-year in July and personal loans increased...
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Jack Dorsey believes bitcoin will be the world’s sole currency within 10 years – TechCrunch

March 22, 2018. We knew Jack Dorsey was bullish on bitcoin, but some new quotes reveal that he’s really, really bullish. In an interview with The Times of London, the Twitter and Square chief executive expressed a strong belief in bitcoin’s shot at...
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Libra And The Internet Of Money

Owned by a consortium isn’t quite the same as decentralizedJune 19, 2019. Libra is important, but almost the opposite of what it seems at first glance: it has less in common with blockchain, decentralization and banking and more in common with China, centralization and...
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Five megatrends that will change financial services

This publication identifies the clusters of innovation that are affecting business in the financial services industry: primary accounts, payments, capital markets, investment management and insurance. For the last year and a half Deloitte worked with the World Economic Forum to conduct a large study (below)...
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Indians will get loans based on data, not collateral: Nandan Nilekani

February 21, 2018.  For the first time the data available in the Goods and Services Tax system can be the basis of credit, Nilekani said. India is moving in a direction where lenders will use data like GST based "business flows" or credit payment history,...
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