Peer-to-Peer Lending: Predicted Growth and Surprising Acquisitions and IPOs

The peer-to-peer (P2P) lending that’s enabled start-ups to take a chunk out of banking market share remains one of the fastest-growing segments in FinTech.

While the U.S. logged a relatively modest $5.5 billion in P2P loans just two years ago, some analysts believe the P2P market will reach $150 billion or higher by 2025, partly because consumers tend to perceive such lenders as offering lower interest rates, easier applications, real-time updates and faster turnarounds. The tech-savvy millennial generation is particularly drawn to FinTech solutions, especially mobile wallets, mobile money and alternative payment solutions. One study says millennials are 10 times more likely to use P2P lenders than their fellow Americans 50 and older. Read more

HealthTech Revolution: Radical Technological Change and Innovation Transforms Healthcare

Big changes are coming down the pike in how our healthcare is structured and delivered, with radical technological change and innovation transforming services at lightning speed.

For example, an Accenture study this year shows 48 percent of healthcare executives in the U.S. now use automation extensively for IT tasks, 47 percent for customer interactions. A full 70 percent say they’re making more investments in embedded artificial intelligence, with 69 percent reporting more spending on machine learning.

The solutions leveraged are addressing multiple segments of the industry, including patient care, telemedicine, data-driven patient-profile systems and medical wearables. Read more

FinTech Takes the Lead in Blockchain Investment

In response to ever-encroaching security and privacy threats worldwide, one of the next up-and-coming technologies is blockchain, which allows for secure online transactions of all varieties without need for middlemen of any kind.

The projected impact of the cost- and time-saving methodology is being compared to that of the internet. And while it has yet to be embraced by FinTech as a whole, at least 40 of the world’s top financial institutions are experimenting with the ledger technology that quickly and transparently tracks the movement of assets, cutting the risk of fraud.   Read more

Radio Advertising Set to Become the Next Frontier of Programmatic

Programmatic ad buying in general, is big, and it’s only getting bigger.

The methodology that uses data, algorithms and demand-side software to strategically and automatically buy online ads is expected to snag 67 percent of the digital display ad market in the U.S. this year, representing 69 percent of the mobile display ad market. Next year programmatic digital display ad spend is expected to reach nearly $27 billion, a 24 percent increase over this year.

One of the next big frontiers in programmatic is radio advertising. A summary: Read more

AdTech Growth Off to a Slow Start in 2016

Halfway through 2016, the AdTech industry is taking a look at whether prognostications about this year’s investments are coming true. A summary:

  • A June report on Techcrunch.com reports global digital advertising is on pace to grow by more than 10 percent this year to almost $160 billion. In comparison, the market grew by 17.2 percent last year, says the New York Times. The comprehensive global ad market is expected to grow by 5 percent this year, to $500 billion.
  • Q1 reports also showed EdTech financing slowing down from last year, FinTech investments growing at close to the same rate and MarTech and HealthTech funding continuing to grow. The details: Read more

2016 Update: FinTech Investment Exceeds Predictions

Halfway through 2016, analysts in the industry are evaluating whether last year’s prognostications about this year’s investments in Fintech are coming true. Below is a summary:

  • In keeping with prognostications of more financing growth in FinTech this year, the first quarter of 2016 showed growth of 96 percent for venture capital-backed firms compared to Q1 of 2015. Funding to VC-backed firms reached $4.9 billion over the quarter, while private FinTech firms received $5.7 billion. Last year was a record year for VC-backed FinTech startups, which saw a 106 percent jump over 2014 by garnering $13.8 billion in financing. The overall FinTech market saw $19.1 billion in financing in 2015. Read more

How are IAB’s DEAL and LEAN Programs Impacting Adtech?

It’s generally accepted that the rise of ad blocking has been a response to ad practices  which ignore consumer experience and that it was on us as an industry to change.  According to BI Intelligence, ad blocking software is approaching 200 million users and the numbers are expected to continue increasing. In response, the Interactive Advertising Bureau (IAB) has developed two initiatives to improve online and mobile advertising practices.

The first one is the LEAN Ads program, which was launched in October of last year. LEAN stands for Light, Encrypted, Ad Choice Support, Non-Invasive. This program is set to address the reasons consumers are using ad blockers in the first place. By doing this, the program is not aimed at overhauling advertising practices and placements  entirely, but rather an attempt to create a different set of standards to provide choice for marketers, content providers, and consumers. The IAB Tech Lab recommends publishers to take advantage of this program to decrease the effects of ad blocking. Read more

Three Keys to Upgrading Your Legacy Platform to Compete in Today’s Market

As organizations face increasing pressure to deliver more business value from their technology spending and to free up funding for new business initiatives, squeezing value out of their existing technology continues to be one of the top-of-mind concerns for CIOs and CFOs.

We’ve worked with dozens of companies to find effective ways to modernize legacy systems that increase customer retention and achieve new user growth while leveraging the technology investment they’ve already made, and are happy to report they’ve successfully met the demand of both their organization and customers. Read more

Mobile Marketing Heats Up in 2016

With the number of global smartphone users predicted to surpass 2 billion by the end of 2016 and global mobile data traffic exceeding desktop data by 74 percent in 2015, mobile marketing is set to explode.

In today’s landscape, marketers are demanding tools that leverage mobile and urgency is key for Ad Tech. 2016 is predicted to be the year of mobile. And although there are a number of trends to watch for, here are some things that our customers (and we) are focusing on: Read more

PRESS RELEASE: Thumbtack Technology: The Shifting Shape Of Software Development

PRESS RELEASE: Thumbtack Technology: The Shifting Shape Of Software Development

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Explosive Growth

After an explosive year in 2015 and a continued trend of 80% year-over-year average growth, Thumbtack Technology, an industry leader in high-load application development, makes major shifts in its organization to meet the needs of the fast-shifting technology space.

 New Roles in Executive Suite

Mark Leibowitz, who joined Thumbtack Technology in October 2011, was named Vice-President of Global Business Development, so he can focus on top tier strategic accounts in the AdTech, MarTech and FinTech verticals, further develop the partnership program, and expand into global markets. “The needs of the technology space change rapidly, and Mark knows how to keep his finger on the pulse of this market, as he’s done for decades. He connects with leaders in the space and brings a wealth of knowledge about business needs and technology challenges to the table each time”, says Thumbtack’s Chief Revenue Officer, Elizabeth Gallagher. “We are excited Mark has the opportunity to leverage his specific and finely-honed skill set in these arenas to broaden our reach.” Read more