General Commentary & Highlights

• Press releases are a proxy for market activity levels. While an imperfect measure, fintech providers typically make a press release for large or interesting events.
• Next-gen issuer processors activity levels continue to be high
• Traditional processors show wide variance in announcements 
  
• Announcements from the sampled processors focused on home markets in the US & EU
• European processors seem to be making more traction on global expansion, though i2c has a notably global footprint, Galileo has stated a focus on LatAm, and Marqeta is certified in 40+ countries
• More than a dozen similar processors (not shown) exist or have launched outside of the U.S. and Europe
• Next-gen processor new client announcements remain focused on fintechs and digital banks, with no announcements related to traditional banks
• Conversely, traditional processor announcements focused on traditional banks
• Announced new client wins for Next-gen processors are either similar to or lower than prior years

Please do not hesitate to contact Erik Howell at Erik@FlagshipAP.com with comments and questions. Should you wish to dive deeper into the topic of Issuer Processing, feel free to book in time via the link below.