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Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.

Indra Chourasia

Indra Chourasia Industry Advisor at Tata Consultancy Services (TCS)

Industry Cloud Platform: Fueling the vision of financial market infrastructure (FMI)-led Marketplace

Amid data led business innovation agenda dominating capital markets, financial market infrastructure (FMI) firms remain exploring strategies to transform their traditional business avatar – a standalone industry utility hosting parts of trade processing. Led by the ideas of an open and assimilative business model thriving on ecosystem harnessed ca...

/cloud /markets

David Hensley

David Hensley Founder at Enryo Limited

My Crystal Ball for Payments: Key Predictions for 2024

2023 saw the payment industry in a whirlwind of innovation, with open banking on the rise, BNPL facing regulatory scrutiny, and the war for digital wallets intensifying. As we peer into the future, 2024 promises to be just as exciting, with several key events poised to reshape the landscape. Here are five predictions for the year ahead: 1) Real-ti...

/payments /predictions

Aleksandra Kitina

Aleksandra Kitina Head of Marketing at COLIBRIX

Where Finance Meets Sustainability: Shared Visions and Opportunities

Stepping into the lively fusion of finance and sustainability, we find ourselves in a space where the traditional rules are rewritten. According to Global Market Insights, the sustainable finance market is projected to grow at a robust CAGR of 22.4% between 2023 and 2032, driven by the rise of impact investing. This remarkable trajectory is propel...

/payments /sustainable

Patrick Bermingham

Patrick Bermingham CEO at Adflex

What trends will dominate the B2B payments world in 2024?

In with the old, as good as new The first use of a commercial card for a B2B payment was recorded by the travel industry in 1937. Yet nearly a century later, commercial cards are still not a widespread B2B payment method. Why? They are often hampered by security concerns, supplier acceptance, and incompatibility with existing financial systems. As...

/payments /predictions

Kanika Hope

Kanika Hope Chief Strategy Officer at Temenos

Profitability – the holy grail for challenger banks

Kanika Hope, Chief Strategy Officer at Temenos Challenger banks have been a growth story in banking in the last decade. Today there are ~450 challenger banks globally worth $300B in 2022 compared to 100 in 2017 worth 161B. However only 5% of non bank-owned challengers are profitable. Despite low operational costs, the average cost income ratio of c...

/retail /startups

Paul Marcantonio

Paul Marcantonio Head of UK/Western Europe at Ecommpay

Anti-fraud solutions that can’t detect fraud rings are redundant in 2023

In today’s e-commerce landscape, fraud prevention and detection solutions must include tools such as graph analysis to track data across numerous transactions. Over the last few years, the e-commerce sector has witnessed unprecedented growth. As volumes of digital transactions continue to skyrocket, merchants and payment providers find themselves a...

/payments /crime

Oliver Carson

Oliver Carson Founder and CEO at Universal Partners

Bridging the FX Gap: How Fintechs Are Equipping Banks To Support Global SMEs

When it comes to supporting larger Small and Medium-sized Enterprises (SMEs) scaling internationally, the established banking sector has been falling behind for some time. Despite the size and reach of traditional banking institutions, they struggle to support important FX aspects like hedging, local accounts abroad and exotic currency payments. C...

/payments /retail

Sameer Pethe

Sameer Pethe Partner at Kearney

The Future of BNPL?

At the end of March, Apple launched Apple Pay Later in the US, its much anticipated buy now, pay later (BNPL) service, which will allow consumers to spread payments of between $50 and $1,000 over six weeks.The programme will rival BNPL incumbents including Klarna, Clearpay and Affirm who have, until now, dominated a market in which payments are ex...

/payments /retail

Luigi Wewege

Luigi Wewege President at Caye International Bank

Insights on Wealth Management and Asset Protection Trends

Success frequently comes with a significant drawback: it can make you a potential lawsuit target! This includes unfounded and frivolous lawsuits that can devastate your financial well-being. That means you must take precautions to keep the assets you've toiled to acquire from being taken unfairly. Asset protection is not about "hiding money&q...

/people /wealth

Yuliya Barabash

Yuliya Barabash Managing Partner at SBSB Fintech Lawyers

Cappuccino with Crypto. What can you buy with cryptocurrency today?

Cryptocurrencies have come a long way since their inception, and their influence is not limited to the online space anymore. From everyday purchases to extravagant investments, the world of digital currency is rapidly expanding, and the possibilities are limitless. Despite the recent downturn in the crypto market, the range of goods and services t...

/payments /crypto

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