Open Finance 2.0, BNPL hidden fees, and fintech’s $8.7B year

Open Finance 2.0, BNPL hidden fees, and fintech’s $8.7B year

Weekly Edition | By Marina Mouka

Welcome to your?latest Bobsguide's Weekend Digest, your go-to update on the week's top insights for finance and technology professionals. We've gathered key content to keep you informed, inspired, and ahead of industry trends. In this issue, you'll find:

  • The top innovations driving Open Finance 2.0 and reshaping the financial industry.
  • Only half of BNPL users understand late fees—are lenders doing enough?
  • European fintech investments climbed 10% in 2024, signaling a vibrant innovation pipeline.

We're here to keep you ahead of the fintech curve every weekend.

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TOP READS

INSIGHTS

Top 10 game-changing innovations in Open Finance 2.0

The financial industry is entering a transformative phase with Open Finance 2.0, extending beyond traditional banking to include insurance, investments, and more. This shift aims to create a customer-centric ecosystem, delivering better outcomes through collaboration and innovation. From advanced APIs enabling seamless financial integrations to AI-powered insights that personalize user experiences, the 2.0 era is driven by groundbreaking advancements. Other key innovations include decentralized finance integration, risk management tools, and solutions that empower SMEs with tailored financial services. Read More

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REPORT

Half of the BNPL users unaware of late payment fees


A new study reveals alarming gaps in awareness among Buy-Now, Pay-Later (BNPL) users, with only half understanding late payment fees or their potential costs. As BNPL use spikes during peak shopping seasons, many households face unexpected financial strain in January. The findings also highlight deeper concerns: over a third of BNPL users make impulse purchases they regret, and a significant portion relies on additional credit to manage rising living costs. With government regulations not expected until 2026, lenders must act now to raise awareness and support at-risk consumers. How can BNPL providers ensure fairer outcomes for their users? Read More

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INSIGHTS

European fintech investment climbs 10% in 2024

Europe’s fintech sector experienced a resurgence in 2024, with investments rising 10% to $8.7 billion. This growth was driven by a surge in early-stage funding rounds and landmark deals for startups like Monzo and WorldRemit. The strong pipeline of innovation highlights a sector ready to thrive in 2025. Germany emerged as a rising fintech hub, overtaking France in total funding, while smaller markets like Belgium and the Netherlands posted impressive growth. Healthcare and enterprise technology led sector gains, fueled by AI-powered solutions and groundbreaking healthtech innovations. With $31 billion in dry powder poised for investment, Europe’s tech ecosystem is primed for another dynamic year. Read More


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