What are the top fintech and payments trends for 2024? There's no shortage of innovation on deck for the year ahead and Juniper Research highlights a few areas to watch, including account-to-account payments, digital identities, biometric payments and more. AI continues to gain traction as well, and in 2024 it could present notable benefits for financial institutions. See more insights and predictions for 2024 here: https://lnkd.in/dtMRpC-M #Banking #2024Trends
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2024 might bring many interesting developments and trends in #fintech and #payments sector in particular. Here are some examples from my colleague Henning Holter to keep an eye on 👀
What's in store for the FinTech sector this year? Here are predictions from our expert Henning Holter: ➡ A2A and Open Banking become mainstream, challenging traditional card networks ➡ BigTech and FinTech integration continues, offering embedded financial services and creating partnership opportunities for banks ➡ AI adoption increases, improving customer service, internal processing, and financial inclusion ➡ In-Car Payments evolve, turning cars into e-commerce and payment devices ➡ Central Bank Digital Currencies (CBDCs) may soon enter our digital wallets ➡ AR/VR Technologies (eg: Apple’s Vision Pro) could revolutionize payments, integrating Open Banking, A2A transactions, and digital currencies into a more interconnected and seamless financial ecosystem Read more 👇
Preparing for 2024: FinTech developments for payment innovators
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Henning’s predictions are well worth examining in detail. The in-car, secure approval and payments revolution, as well as enhanced, in-vehicle customer interfaces are part of the next customer success revolution driving change in automotive.
What's in store for the FinTech sector this year? Here are predictions from our expert Henning Holter: ➡ A2A and Open Banking become mainstream, challenging traditional card networks ➡ BigTech and FinTech integration continues, offering embedded financial services and creating partnership opportunities for banks ➡ AI adoption increases, improving customer service, internal processing, and financial inclusion ➡ In-Car Payments evolve, turning cars into e-commerce and payment devices ➡ Central Bank Digital Currencies (CBDCs) may soon enter our digital wallets ➡ AR/VR Technologies (eg: Apple’s Vision Pro) could revolutionize payments, integrating Open Banking, A2A transactions, and digital currencies into a more interconnected and seamless financial ecosystem Read more 👇
Preparing for 2024: FinTech developments for payment innovators
finextra.com
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What's in store for the FinTech sector this year? Here are predictions from our expert Henning Holter: ➡ A2A and Open Banking become mainstream, challenging traditional card networks ➡ BigTech and FinTech integration continues, offering embedded financial services and creating partnership opportunities for banks ➡ AI adoption increases, improving customer service, internal processing, and financial inclusion ➡ In-Car Payments evolve, turning cars into e-commerce and payment devices ➡ Central Bank Digital Currencies (CBDCs) may soon enter our digital wallets ➡ AR/VR Technologies (eg: Apple’s Vision Pro) could revolutionize payments, integrating Open Banking, A2A transactions, and digital currencies into a more interconnected and seamless financial ecosystem Read more 👇
Preparing for 2024: FinTech developments for payment innovators
finextra.com
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🔥 The era of instant payments is here, and global banks must be ready to embrace the latest technologies to meet the new demands of the industry, regulators, and customers.💥 In her insightful article, Sylvie Boucheron-Saunier highlights the challenges that banks face in this fast-paced environment and sheds light on how cutting-edge technologies can help overcome them.🌟 The #cloud plays a crucial role in enabling real-time processing and settlement, providing the scalability and flexibility that banks need to keep up with the increasing transaction volumes.💻 Additionally, #PaymentsasaService offers a convenient and efficient way for banks to outsource payments-related processes, allowing them to focus on their core competencies.💰 But that's not all! Boucheron-Saunier emphasizes the significant contribution of #AI in revolutionizing the payments landscape. Through AI-powered fraud detection and risk management systems, banks can enhance security while ensuring smooth and seamless payment experiences.🔒 To learn more about the impact of instant payments on the banking industry and the role of these transformative technologies, check out Sylvie Boucheron-Saunier's article on 👉 [Link - Fintech Futures] 👈 #fintech #payments #technology #banking #innovation Let's stay ahead of the game and welcome the era of instant payments together! 🚀💫 #instantpayments #cloud #PaymentsasaService #AI
Sibos 2023: The era of instant payments - global banks must turn to the latest technology - FinTech Futures: Global fintech news & intelligence
https://www.fintechfutures.com
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Chief Financial Officer, Tanfeeth | Shaping the Future of Financial Consulting | Business Innovation Specialist | Transformational Leadership Advocate
As a significant portion of the population, particularly the youth, demands tailored banking experiences, institutions are swiftly embracing technologies like BaaS and AI to meet these expectations. AI, in particular, enables more seamless experiences, facilitating faster credit decisions and enhanced fraud detection. Moreover, partnerships between traditional banks and fintech firms are becoming increasingly crucial for staying relevant and competitive in this digital era. By leveraging these collaborations, financial institutions can enhance customer experience, introduce new services, and drive growth while navigating the challenges of digitalisation. #BankingEvolution #DigitalTransformation #FintechInnovation
Banking is being transformed by digital, personalised services
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Check out the key trends that IT Logs identified, and what is about to follow for fintech in 2024!
🔮 Peek into the Future of FinTech! Alex Karichensky, our CEO Europe, shares his expert comments for IT Logs on the digital trends shaping traditional banking in 2024. From GenAI to open banking and personalized services, discover what lies ahead. 💡Read the insights in the full article: https://lnkd.in/dmNiAf-3. #fintech #digitaltrends #futurefinance #digitalfinance #fintechnews
Fintech in 2024: GenAI, open banking, quantum computing, personalized services ⋆ IT Logs
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🔮 Peek into the Future of FinTech! Alex Karichensky, our CEO Europe, shares his expert comments for IT Logs on the digital trends shaping traditional banking in 2024. From GenAI to open banking and personalized services, discover what lies ahead. 💡Read the insights in the full article: https://lnkd.in/dmNiAf-3. #fintech #digitaltrends #futurefinance #digitalfinance #fintechnews
Fintech in 2024: GenAI, open banking, quantum computing, personalized services ⋆ IT Logs
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In a recent interview with FinTech Futures, Opus Technologies CEO Praveen TM shared his insights on how the financial industry is evolving and how Opus is enabling banks, payment service providers, merchants, and fintechs to build innovative solutions through an open collaboration platform. Read the interview here ➡️ http://spr.ly/6047wglCf #ArtificialIntelligence #AI #Banking #CoreBanking #BankingTech #FinTech #PayTech
Opus: driving AI transformation in banking and payments
https://www.fintechfutures.com
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Thank you to ASHISH BHATNAGAR who mentions us in his Digital Transactions article, stating that, “Fintechs are also simplifying consumer remittances. Companies like Bolt, Aeropay, and Stripe are enabling retailers with more payment options, driving new competition with traditional banks.” As payments continue to modernize, banks and fintech companies can both benefit from working together to create seamless customer experiences. Read the full article here to learn more about the strategic advantages of implementing innovative payment technologies into your business model: https://lnkd.in/gcu4b_Jr #payments #fintech
COMMENTARY: Banks Must Embrace Fintechs If They Want to Reshape the Future of Global Payments
https://www.digitaltransactions.net
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