B2B Payments Processed by Fintech will Reach 53 Billion
According to the latest worldwide market study by Juniper Research, the volume of B2B payments facilitated by non-banks will exceed 53 billion in 2022 — that’s up from a COVID-related low of 38 billion in 2020; representing 42 percent growth.
Emerging Tech Clusters in Financial Services
WEF explores how emerging technology clusters are changing the financial services industry. Artificial Intelligence, Internet of Things, Cloud Computing and 5G Wireless offer new opportunities. Here are three ways in which we will begin to experience the effects of these technology clusters.
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
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.
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
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.
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.
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
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.
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.
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