In the age of hyper-competition, disruptive innovation is a linchpin for growth, and the financial industry is no exception to this rule. Until a few years ago, financial institutions relied upon a closed innovation model that leveraged in-house research and development teams and internal technology infrastructure to launch new products and services; but the entry of FinTechs combined with new technologies, stringent regulations, and market forces have changed the way banks look at innovation. Underpinned by co-creation, the concept of open innovation has led to strategic and tactical alliances in the financial sector to unlock value for the business, innovation partners, and customers.

The crypto economy is booming and governments across the globe are taking note. Financial regulators have now increased their scrutiny of the industry in order to implement measures that would lower the risks for consumers.

NayaOne, the largest integrated fintech marketplace in the UK and Europe has reached a milestone of 100 fintech providers on the marketplace.