FinTech Magazine - October 2021 | Page 12

We asked : How much do you know about non-fungible tokens ( NFTs )?
WOULD YOU EVER INVEST IN THEM ?

THE BRIEF

“ A ( DECENTRALISED ) BLOCKCHAIN SOLUTION CERTAINLY HAS MANY ADVANTAGES , SUCH AS NO SINGLE POINT OF FAILURE AND NO COUNTERPARTY RISK ”

BY THE NUMBERS

We asked : How much do you know about non-fungible tokens ( NFTs )?

WOULD YOU EVER INVEST IN THEM ?

Pavel Matveev CEO , Wirex �
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35 % Possibly

20 % Yes

“ WE WORK PROACTIVELY AND SYNERGISTICALLY WITH ALL THE AREAS SO THAT WE CAN HAVE A COMPREHENSIVE VISION OF ALL THE PROCESSES , THUS REDUCING EXPOSURE LEVELS , MITIGATING VULNERABILITIES AND IMPROVING DATA PROTECTION ”
Santiago Fernández Chief Information Security Officer , Naranja X �

45 % No

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“ HISTORICALLY , FINANCIAL INSTITUTIONS WOULD EMBARK ON MASSIVE DEVELOPMENT PROJECTS , TYPICALLY USING WATERFALL , WHICH WOULD REQUIRE MANY MONTHS OR YEARS TO SCOPE , DEVELOP AND IMPLEMENT ”
Tim Carmody CTO , IPC �
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FINTECH GLOBAL GROWTH BY 2022 The fintech industry size is expected to hit $ 310 billion by 2022 . In 2018 , nearly 50 % of the total venture capital of $ 254 billion went to fintech businesses .
LUCKY STRIPE Stripe is now the biggest fintech company in the US – worth an impressive US $ 95bn .
BIGGEST IPO FLOAT OF 2021 UK fintech Wise floated on the London Stock Exchange on July 7 at a starting price of £ 8 per share before rising 10 % to £ 8.88 during its first day of trading , putting the company ' s value at £ 8bn and making it the largest ever tech float on the LSE .
12 October 2021