DeFi or, decentralized finance, is an alternative to traditional banking services.  Using innovative technologies like smart contracts and blockchain, decentralized finance operates without the need for a bank, through ‘peer-to-peer’ banking. It’s an industry on the ascension, according to BCC Research’s latest report. Within the next five years, the global decentralized market is set to boom from a value of $9.4 billion in 2021 to $70.3 billion by 2027, with a CAGR of a staggering 39.5%.

Most people have heard of fintech in some form or other. It’s an industry that’s being increasingly identified as the future of finance: in 2021, FinTech received investments of nearly $226 billion, and the North American market alone is projected to reach $258 trillion by 2027, according to the latest report by BCC Research. Knowing about fintech is one thing. Understanding its global importance is the next. But comprehending the ins and outs of this industry is the crucial final step for those operating within the industry - or hoping to make an entry.

The FinTech industry is thriving globally. In 2021, FinTech received investments of nearly $226 billion, a staggering sum that underscores the extraordinary strength of the market. An updated report by Harsh Goyal is due for publication in a matter of weeks, breaking down the dynamics that will shape the FinTech industry in years to come.

It's no exaggeration to say that the pandemic upended almost every aspect of society. The vital human impulse for togetherness was nipped and restrained as governments ordered citizens to stay inside. Businesses closed and entire industries suffered under the weight of restrictions, yet the global insurance market emerged relatively unscathed.

At BCC, we want to do our part to help tomorrow’s innovators commercialize their world-changing ideas.

We want to send a big thank you to everyone who participated in our Startup Spotlight Contest and helped make it a success!

The sharing economy refers to the use of information technology to facilitate the exchanged access to (rather than formal possession of) goods or services between two or more parties. For insight into current and future trends in the sharing economy, check out our report, Shared Economy: WeWork, Uber, Airbnb and Lyft.

Our Content Writer Clara Mouawad sat down with long-time crypto veteran and co-founder of Edge Wallet, William Swanson for a brief discussion about how cryptocurrency will shift as a result of corvonavirus.

You know the saying, “In order to know where you’re going, you have to know where you’ve been”? That goes for a lot of things in life...including predicting what will happen in the investments market in the new decade.