FinTech’s threat to big banks declined in 2022 with rising rates: Moody’s report

A decline in venture capital funding in 2022 particularly hurt FinTech firms that rely on outside capital to fund their operations and acquire clients, According to Moody’s report. The report cited figures from CB Insights that showed global FinTech funding fell 46% from 2021 to 2022. The competitive threat of financial technology companies to big […]