Tag Archive | financial services

Digital Payments Reach $6.7 Trillion in B2B Transactions

Digital Payments Reach $6.7 Trillion in B2B Transactions

According to the latest worldwide market study by Juniper Research, B2B transactions processed by pureplay digital payment operators will reach $14 trillion by 2023 — that’s up from $6.7 trillion in 2018.

via Digital Lifescapes

B2B Virtual Cards will Expand Global Online Payments

B2B Virtual Cards will Expand Global Online Payments

According to Juniper Research, the annual value of virtual cards (e.g. temporary card numbers only available for a single transaction or limited time) used by businesses will grow by 90 percent over the next four years — exceeding $1 trillion by 2022.

via Digital Lifescapes

Why Mobile Payments and Fintech Disrupt eCommerce

Why Mobile Payments and Fintech Disrupt eCommerce

Fintech innovation continues to disrupt the Global Networked Economy. The value of consumer spending on remote payments for digital and physical goods is estimated to have surpassed $3.3 trillion in 2018 — that’s up 10 percent on the 2017 total of $3 trillion.

via Digital Lifescapes

8 Key Financial Services Technology Trends

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2019 will not be a continuation of the past. But which technology trends will matter most in the months and years ahead? Big data and AI? The cloud? Digital-only banks? The answer is critical because ignoring these trends now will make it more difficult than ever for complacent banks and credit unions to catch up.

via The Financial Brand

Big Data and AI to Reduce Financial Crime

Big Data and AI to Reduce Financial Crime

“After 18 years of providing risk intelligence data, we now maintain more than 4 million records – and this is an amazing foundation on which to use big data techniques to map connections and spot patterns in the data.”

via World Economic Forum

Fraud Detection and Prevention Secures Digital Payments

Fraud Detection and Prevention Secures Digital Payments

The digital payments arena is undergoing rapid change, owing to a combination of factors. Transactions are growing rapidly year-on-year as convenience improves, and regulatory changes help to drive adoption. Meanwhile, the scope of different payment types is increasing.

via Digital Lifescapes

AI and Fintech Growing Influence on Financial Data in 2019

AI and Fintech Growing Influence on Financial Data in 2019

“From the $300 million spent in 2018 on alternative data to pre-trade transparency to indexing to real-time market data, 2019 will see a hyper-focus on gathering more of the right data, storing it in new ways, analyzing it via machine learning and AI, and acting upon it more systematically than ever before.”

via Greenwich Associates