Tag Archive | FinTech

4 Innovation Themes to Transform Financial Services

4 Innovation Themes to Transform Financial Services

“Future banks will operate in different modes: direct to consumer, as-a-service, marketplace seller, and platform owner — all of which may operate concurrently. Yet no bank will do any of this alone.”

via Forrester

Cross-Border B2B Payments will Reach $35 Trillion

Cross-Border B2B Payments will Reach $35 Trillion

According to the latest worldwide market study by Juniper Research, the total value of B2B cross-border payments will reach $35 trillion in 2022. That’s up from a COVID-related low of $27 trillion in 2020, representing 30 percent growth.

via Digital Lifescapes

7 Ways Fintech Disrupted The Banking Status Quo

7 Ways Fintech Disrupted The Banking Status Quo

Financial-technology companies are changing the face of finance. Over the past ten years, disruption in the payments space has expanded to every corner of finance. Even areas once assumed to be safe are seeing new entrants and competitive threats.

via McKinsey

How to Secure the Global Fintech Services Ecosystem

How to Secure the Global Fintech Services Ecosystem

FinTechs have the potential to be the engines of innovation we need during the Great Reset. The findings of the World Economic Forum’s FinTech Cybersecurity Consortium provide a starting point on the path to a security management system to get them there.

via World Economic Forum

How Fintech Enables the Digital Transformation of China

How Fintech Enables the Digital Transformation of China

China’s financial services industry is transforming at a rapid pace. Chinese policymakers have committed to opening domestic capital markets, which will create opportunities for Chinese individuals and investors as well as domestic and global financial institutions.

via World Economic Forum

How Open Banking Enables Competitive Differentiation

How Open Banking Enables Competitive Differentiation

“Open banking IT service providers can help banks build the capabilities they desire. To do so, they are investing in business advisory assets to help financial services firms plug the gaps in their business change management initiatives. They are also investing in Fintech partnerships, talent and solutions.”

via Everest Group

New Mobile Messaging Payment Growth Opportunities

New Mobile Messaging Payment Growth Opportunities

RCS is a next-generation mobile messaging standard supported by mobile network operators that enable media-rich content and payment services. Juniper Research has forecast that total revenues from RCS traffic in North America will reach $712.8 million during 2020.

via Digital Lifescapes

Cryptocurrency: Redefining the Future of Finance

Cryptocurrency: Redefining the Future of Finance

Over the last five years, Bitcoin users and transactions have averaged a growth rate of nearly 60% per year. Similarly, private and public investors have deepened their commitment to cryptocurrencies including Ethereum, Ripple, and Stellar — and a number of others across the industry.

via Visual Capitalist

How Open Banking will Enable Disruptive New Services

How Open Banking will Enable Disruptive New Services

According to Juniper Research, the total number of Open Banking users — who share data via Open Banking APIs to access new services — will double between 2019 and 2021; reaching 40 million in 2021, that’s up from 18 million in 2019.

via Digital Lifescapes

Fintech: The Short- and Long-Term Outlook

Fintech: The Short- and Long-Term Outlook

While deals and dollars to global fintech companies are both down, certain parts of the fintech ecosystem actually stand to benefit long-term from the COVID-19 pandemic. Mirroring other sectors, fintech activity and investment has been muted through the first five months of 2020.

via CB Insights