Issue #397 - Were Predictions Correct? Recap & Forecasts January 5th, 2023

header image

2022 was a year full of news and also dramatic events. The war, rising inflations, layoffs, scandals, populated the year. But it started with predictions and trends: were experts right? Of course, unexpected and dramatic events didn’t allow for the full development of business opportunities and financial solutions in the fintech space. But we can safely assess that most predictions were correct. In 2022, fintech showed its strength and it proved to be a top player in societies and geopolitical order. In this number of FinTech Weekly we want to recap 2022 fintech events and analyze new trends for 2023. Follow FinTech Weekly to discover fintech news and events – for free!

Top Stories

    2022 saw a crash in the crypto space, but despite this, the market witnessed the rise of new projects and major changes – like the Ethereum upgrade. The fintech space, in general, gave new opportunities to business owners and found new solutions to address problems like frauds. Also regulators designed new frameworks and governments introduced new CBDC – Central Bank Digital Currencies. But what about 2023? Experts think that for Web3, the focus will be on education and awareness. Blockchain technology will play a major role, and only responsible and transparent businesses will succeed. People, investors and entrepreneurs will focus more on decentralization, and fintech will be the tool to democratize the access to financial resources.

Top Events

    As an annual signature event held in Hong Kong to promote collaboration in the Asia’s financial industry, the Asian Financial Forum (AFF) will return on 11-12 January 2023 at the Hong Kong Convention and Exhibition Centre with a digital extension. Themed “Accelerating Transformation: Impact ∙ Inclusion ∙ Innovation”, the Forum will map out a sustainable growth paradigm to build a resilient economic landscape that achieves positive impact and encourages inclusivity and innovation. Join us to embark on 2023 with knowledge exchange and networking opportunities. Grab your Standard Pass using discount code for readers of FinTech Weekly: P-AMP09D

Podcasts and Videos

    Predictions seem to already prove their reliability. The focus on decentralization, the will of giving people control over their data and the need for transparency are leading to the creation of new systems. One of these systems is Data Mesh, a decentralized architecture that aims to allow access to data in a transparent way within any organization.




    To face another top issue of fintech, frauds, fintech firms are finding new solutions to avoid them and help customers to operate in a safer environment. One of these companies is, a Lithuania-based fintech that partnered with iDentify to create an identification process that will guarantee customers one more layer of security during the onboarding process.


    Asia, as well as the rest of the world, witnessed ups and downs for what concerns fintech. But financial technology is still one of the main drivers towards financial inclusion, which must be reinterpreted as the degree of access not just to traditional financial services, but also to all the services and products by the modern financial space. After the bubbles of 2022, finding investments might become harder in Asia, but for sure, fintech firms that will continue to focus on people’s needs are here to stay.

    Bubbles and layoffs made regulators focus more on the fintech market. All the fintech companies involved in scandals and problems also made critics become more severe. That’s why the Paycheck Protection Program (PPP), an initiative of the US government to address the difficulties faced by businesses because of the pandemic, was strongly criticized. Even if a Fed study proved that the loan initiative benefited healthy small businesses, critics argued that funds were unevenly distributed, because they were released also to fake fintech firms.