Predictions - Long Reads, News, Articles & Research: Finextra

Protecting customers from fraud in 2021

Covid-19 has impacted virtually all aspects of our lives, including the way we bank. In the UK, six million adults (or 12% of the population) downloaded an online banking app for the first time during the pandemic. Research also shows that the types of banks we use are also changing: currently, around 14 million Brits have at least one bank accoun...

24 February 2021 /predictions

Retired Member

Priorities in payments

While the Covid-19 pandemic was a major driver for payment innovation in 2020, regulation is likely to set financial institution priorities in 2021 for most of the world. In Europe, for example, the Retail Payments Strategy (RPS) will lead payment innovation agendas, requiring financial institutions to support cross-border instant pan-European paym...

23 February 2021 /predictions

A Financial Services Outlook for 2021 and Beyond

Keith Pearson Head of Financial Services EMEA at ServiceNow

A Financial Services Outlook for 2021 and Beyond

A year ago, nobody could have foreseen the events that took place throughout 2020. So, we need to take a long-term view for 2021, replacing the traditional predictions that people normally make at this time of year with likely trends, many of which have already begun to emerge. The coming months will be characterised by an increased focus on opera...

22 February 2021 /predictions

Samir Pandiri President at Broadridge International

Top 3 fintech predictions for 2021

Outsourcing will be key 2021 will be the year that tech acceleration finally transforms the City. Bespoke tech is no longer the priority or the attraction; we’ll begin to see the re-use of technology by financial institutions emerging. The trend in 2021 will be outsourcing to tech platforms that have been widely adopted, especially in areas like s...

22 February 2021 /predictions

The trends in Venture Capital that will shape the 2021 investment landscape

Ian Connatty Managing Director at British Patient Capital

The trends in Venture Capital that will shape the 2021 investment landscape

UK tech is set to continue to attract capital from the VC industry in 2021 – from fintech, both B2C and B2B over impact tech to health and biotech we expect to see strong interest. Despite the obvious challenges of Covid-19 the UK tech sector once again proved highly attractive for the venture capital industry throughout 2020. There was still appet...

19 February 2021 /predictions

Retired Member

Key priorities for fintech in 2021

As we enter the new year, businesses will now be considering their priorities for 2021. The impact of the global health crisis since the beginning of 2020 will be at the forefront of their minds, but so too will the trends that have been taking shape away from the media headlines. While it is difficult to predict the future, particularly in uncert...

18 February 2021 /predictions

2021 banking predictions: What to expect after a year of uncertainty

Nanda Kumar CEO at SunTec Business Solutions

2021 banking predictions: What to expect after a year of uncertainty

2020 has been a historic year. The COVID-19 pandemic and ensuing economic downturn forced the banking industry to reset, reimagine and reinvent itself practically overnight. Banks were forced to close branches while employees switched to working remotely and customers could only bank online or via the telephone. Where the 2008 banking crisis cause...

18 February 2021 /predictions

Peter Wickes General Manager Enterprise, EMEA at Worldpay

The Future of Payments

2020 has changed the payments industry forever. Cash is no longer king, and COVID-19 has accelerated a change that was expected to take several years. Restrictions and guidelines put in place to deter the spread of COVID-19, along with the health and safety concerns associated with physical cash and touching surfaces such as payment terminals, have...

17 February 2021 /predictions

Retired Member

Corporate banking in 2021

Financial institutions seeking to expand into the lucrative commercial sector face their own set of difficulties as regulations and cost containment take centre stage. In 2021, banks should be primed to address several overarching challenges in the quest for SME business. Embedding comprehensive digital capabilities is also essential to aid expens...

16 February 2021 /predictions

Kyrylo Shevchenko Governor at National Bank of Ukraine

Preparing for a Digital Future

Across the world, the Coronavirus pandemic has brought about a dramatic shift in the consumer uptake of digital services, particularly in the financial services sector. In the case of Ukraine, however, such a shift had already been initiated. Rather, the pandemic has accelerated the transition that we at the National Bank of Ukraine view as essenti...

16 February 2021 /predictions

Getting a grip on PSD2: Why it pays for businesses to be on top of SCA in 2021

Judy Nguyen VP of Network Product Development & Management at American Express

Getting a grip on PSD2: Why it pays for businesses to be on top of SCA in 2021

Last year was an extraordinary year for e-commerce, with UK online sales an astonishing 50% higher in August compared with February, according to ONS statistics. However, the boom for online commerce was not without its challenges as merchants sought to manage greater supply chain pressures and the need to upscale deliveries. In addition to this i...

15 February 2021 /predictions

Retired Member

Treasury management trends

Six prominent treasury trends that will help guide strategy and technology adoption for financial institutions in 2021 include: The only constant will be an increase in the rate of change As the oil that lubricates the economy, financial institutions will need to react quickly to the impact of the pandemic. Digitalization, cloud and platformificati...

11 February 2021 /predictions

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