Predictions

122 articles tagged with this keyword

/predictions

Chase UK aims for profitability in 2025

JP Morgan’s digital challenger bank Chase UK is setting its sights on becoming profitable from next year, as it prepares for the introduction of credit cards and expansion into Europe.

/payments

Finextra's year in review

With 2023 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

/payments

Dark clouds gather over European payments firms

The pain faced by fintechs in the payments space is expected to continue throughout 2024, according to an analysis by Jefferies.

/crypto

MAS chief rubbishes private crypto in speech

Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future

/markets

Fintech valuations stabilising says VC fund chief

The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.

/predictions

73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.

/security

DORA to spark changes in risk management tech

The imminent introduction of the EU's Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.

/predictions

Survey reveals firms doubts over data quality

As many as three quarters of corporate, trust and fund services firms do not trust their own data, suggests recently published research.

/predictions

Lunar’s stratospheric plans for the Eurozone in 2024

Looking forward to 2024, Finextra spoke to CEO of Nordic challenger bank Lunar, Ken Villum Klausen to examine plans for the digital challenger banks continuing success.

/startups

Irish fintech funding slows down

Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.

/predictions

What are the leading BaaS trends and strategies for 2023

At the Temenos Community Forum that took place in Vienna during May earlier this year, Finextra sat down with chief strategy officer at Temenos, Kanika Hope, to discuss how Banking-as-a-Service (BaaS) trends are impacting the banking sector.

/startups

Lithuania publishes national fintech guidelines

Lithuania has issued a five-point, five-year plan for its fintech sector as part of its ambition to become one of the EU's leading hubs in the space.

/payments

Survey shows consumer concern over AI-driven payments

The vast majority of consumers (86%) have reservations about the use of artificial intelligence (AI) in the payments process but seem much more welcoming of augmented reality (AR) and virtual reality (VR), suggests recently published research.

/security

UK banks expect rise in cyber crime due to economic downturn

The cost-of-living crisis in the UK is likely to lead to a rise in cyber crime, suggests recently published research.

/payments

EBAday: Payments trends to watch out for in 2024

EBAday, the premier event for industry professionals across transaction banking and payments covers all aspects of the sector, in degrees of depth unseen at other conferences. The second day of the event saw senior executives listen in to sessions on instant payments, correspondent banking, regulation, innovation, Payments as a Service (PaaS) and models for public and private sector collaboration. Here’s a roundup of the most discussed themes and what to expect in 2024.

/inclusion

Majority of consumers trust generative AI for financial planning

The majority (53%) of consumers trust generative AI technology to be used for its financial planning, suggests recently published research.

/payments

Banks to spend $57bn on legacy payments tech in 2028 - study

Global banks are expected to spend $57.1 billion on legacy payments technology in 2028, up from $36.7 billion in 2022, impacting costs and limiting growth, according to research from IDC Financial Insights.

/predictions

Fintech to become $1.5 trillion industry by 2030

Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors.

/payments

Offline CBDC could boost financial inclusion and privacy - Bank of Canada

An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.

/payments

Australian BNPL player Zip puts head above parapet; forecasts break-even by year-end

Sydney-listed buy now, pay later player Zip is forecasting to hit break-even by the end of the year after significantly downsizing its operations to reduce cash burn.