The Future of Digital Banking in Europe 2024

In 2023, fintech investment in the EMEA region dropped to $24.5 billion, down from $49.6 billion in 2022 – a seven year low. 

Macroeconomic and global political conditions are creating challenges for growth, with upcoming general elections around the world adding to the uncertainties in financial ecosystems. Despite these challenges, the outlook for European digital banking remains positive. 

The region continues to lead in innovation within the financial sector. This Finextra report, a Special Edition for Money20/20 Europe, features interviews with key players in the European financial services and fintech industries. It includes insights from Vodeno, EY, J.P. Morgan, Swift, Tink, and TrueLayer, and explores the following topics that will be addressed in Amsterdam:

• Hyper-personalisation: Moving towards super apps 
• Embedded payments driving the Banking-as-a-Service revolution 
• Variable recurring payments: The next step in European open banking 
• Is Europe ready for MiCA? From Web1 to Web3, or Markets1 to Markets3 
• How European fintech is facing macro challenges