6 Results
Kathy Stares EVP North America at Provenir
As the financial landscape continues to evolve, financial institutions (FIs) face a complex set of challenges and opportunities, including customer management, fraud prevention, and technological advancements. In 2025, FIs must position themselves for success amidst rising consumer debt, evolving digital banking platforms, and in making themselves ...
08 January 2025 /predictions
Companies across various sectors, from travel to retail and everything in between, are recognizing the value of embedded finance by creating super-apps or platforms that incorporate a variety of types of services (including financial) to enhance customer loyalty and create new revenue streams. Embedded finance is transforming financial services ac...
11 December 2024 /payments /retail
From evolving lending practices to new competition, and changing fraud risks and compliance needs, banks are constantly adapting to a shifting landscape. Below are 10 mega trends in banking: More RegTech Spending to Comply with Increasing Regulatory Scrutiny: With global financial regulations becoming more stringent, banks will also face increased ...
16 February 2024 /predictions Banking and Lending Solutions
Recent holiday shopping season data showed U.S. shoppers spent $16.6 billion dollars using BNPL plans, with BNPL volume increasing 14% year-over-year. A survey by the Federal Reserve Bank of New York showed 64% of respondents had been offered a BNPL loan, and 29% of that group had used it as a payment method within the past year. BNPL is also gro...
30 January 2024 /payments /inclusion BNPL
Open banking is here and is showing no signs of slowing down. According to a recent Finastra survey, 56 percent of US financial institutions (FIs) surveyed regard open finance as a “must have”, up from 45% in 2021. Globally, the open banking market is expected to grow to $43 billion by 2026 from its value of $7 billion in 2018. Open banking is th...
07 August 2023 /retail /inclusion Open Banking
Financial institutions are trying to navigate the economic downturn, adjusting loan and deposit pricing to align with market expectations, increasing credit spreads on loan offerings to protect against losses, and taking steps to guard against defaults. They say, “necessity is the mother of all invention,” and we are indeed witnessing a period of r...
05 April 2023 /predictions
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.