402 Results from 2024, /payments
Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta
In the UK, 2023 was dominated by the continued impact of the cost of living crisis and rising inflation, leading to tighter budget restraints and growing consumer demand to have more control over their finances. In 2024, I I predict the desire for flexibility will continue, through growing demand for new features and technologies such as Buy Now, ...
09 January 2024 /payments /predictions Artificial Intelligence and Financial Services
Scott Dawson CEO at DECTA
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” This quote from author G. Michael Hopf (which in modern terms obviously relates to all human beings) has spread far beyond its origins in a middling science-fiction novel and has become a catch-all explanation of ‘decadence’. ...
09 January 2024 /payments /predictions Fintech
David Hensley Founder at Enryo Limited
If I could improve just one thing in the payments industry this year, it would be fostering greater financial inclusion through seamless integration and accessibility. Now this might sound broad, but that is intentional as it encompasses several key aspects: 1. Bridging the gap between the "banked" and "unbanked: Millions of individu...
09 January 2024 /payments /inclusion Financial Inclusion
Jeremy Light Co-founder at Fourdotzero
A year ago, I believed UK Open Banking payments were on a roll. Total payment initiations for 2022 were 68 million payments, an increase of 171% over 2021, showing a strong foundation for Open Banking. At this rate, I believed 1bn payments a year could be reached in 2025, a level where Open Banking would be firmly established in the UK payments la...
09 January 2024 /payments /predictions Open Banking
Santosh Radhakrishnan Chief Commercial Officer at XYB Limited
Over the next few weeks, I will provide a definitive guide to the next evolution of banking technology – Coreless Banking. Amid a period of unprecedented digital and technological transformation, fast-changing consumer, business and market demands, and regulatory challenges, banks face a dilemma. At the heart of any bank sit several core banking s...
09 January 2024 /payments /retail Banking Architecture
Iain Swaine Director EMEA, Global Advisory at BioCatch
Fraudsters are fickle. What’s new is old in the world of cybercrime, with fraudsters often just repackaging up an old attack with a new bow. But it is for this very reason that it is so difficult to predict the next move they’ll make. Recently, we reached out to a team of industry experts and practitioners to get their perspective on one question...
08 January 2024 /payments /crime Banking
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...
08 January 2024 /payments /predictions Trends in Financial Services
Aleksandra Kitina Head of Marketing at COLIBRIX
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...
05 January 2024 /payments /sustainable Trends in Financial Services
John Bertrand MD at Tec 8 Limited
Brilliant start to the year with HSBC head of wealth announcing a new Foreign Exchange (Forex) app to take on Wise (1). The app is for existing and new customers wanting to make foreign exchange transactions instantly. This activity fully supports the 695th Lord Mayor of London Lecture on “Harnessing Entrepreneurship to Build a World-Class Economy...
05 January 2024 /payments /markets Banking Strategy, Digital and Transformation
Donica Venter Marketing coordinator at Traderoot
Keeping up with banking trends is not easy, especially when the competition is so tough, and the trends are ever developing. In this article, we look at some of the top trends banks should be exploring to avoid losing customers to fintech disruptors. In this blog post, we outline five key trends shaping the payments industry: Contactless Payments; ...
04 January 2024 /payments /predictions Fintech
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