Predictions

151 articles tagged with this keyword

/startups

Lithuania publishes national fintech guidelines

Lithuania has issued a five-point, five-year plan for its fintech sector as part of its ambition to become one of the EU's leading hubs in the space.

/payments

Survey shows consumer concern over AI-driven payments

The vast majority of consumers (86%) have reservations about the use of artificial intelligence (AI) in the payments process but seem much more welcoming of augmented reality (AR) and virtual reality (VR), suggests recently published research.

/security

UK banks expect rise in cyber crime due to economic downturn

The cost-of-living crisis in the UK is likely to lead to a rise in cyber crime, suggests recently published research.

/payments

EBAday: Payments trends to watch out for in 2024

EBAday, the premier event for industry professionals across transaction banking and payments covers all aspects of the sector, in degrees of depth unseen at other conferences. The second day of the event saw senior executives listen in to sessions on instant payments, correspondent banking, regulation, innovation, Payments as a Service (PaaS) and models for public and private sector collaboration. Here’s a roundup of the most discussed themes and what to expect in 2024.

/inclusion

Majority of consumers trust generative AI for financial planning

The majority (53%) of consumers trust generative AI technology to be used for its financial planning, suggests recently published research.

/payments

Banks to spend $57bn on legacy payments tech in 2028 - study

Global banks are expected to spend $57.1 billion on legacy payments technology in 2028, up from $36.7 billion in 2022, impacting costs and limiting growth, according to research from IDC Financial Insights.

/predictions

Fintech to become $1.5 trillion industry by 2030

Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors.

/payments

Offline CBDC could boost financial inclusion and privacy - Bank of Canada

An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.

/payments

Australian BNPL player Zip puts head above parapet; forecasts break-even by year-end

Sydney-listed buy now, pay later player Zip is forecasting to hit break-even by the end of the year after significantly downsizing its operations to reduce cash burn.

/retail

Finextra's year in review

With 2022 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

/predictions

2023 predictions: Citi forecasts weakest annual global economic growth in 40 years

A recent Citi Global Wealth Investments (CGWI) report has predicted the weakest annual global economic growth in forty years, outside of the global financial crisis and pandemic shutdowns.

/crypto

ECB payments experts sound the death knell for bitcoin

Senior payments experts at the European Central Bank have dismissed bitcoin as a marketing scam that should not be legitimised by regulatory intervention.

/predictions

UK SMEs to prioritise international expansion in 2023 - Airwallex

A recent survey by Airwallex reveals that UK small and medium entreprises (SMEs) are highly motivated to expand abroad over the next 12 months, with a majority focused on markets in Europe and North America.

/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

/wholesale

Survey shows support for shorter settlement cycles

The majority of market participants expect the settlement cycle for equities to shorten to T+1 within the next five years, according to recently published research.

/crypto

Binance chief downplays CBDC threat to crypto

Central bank digital currencies (CBDCs) do not pose a threat to cryptocurrencies and would actually help build trust among sceptics by validating the underlying blockchain technology.

/crypto

Singapore Fintech Festival 2022: Inside Project Guardian

In a session titled 'Unlocking TradFi with DeFi' at Singapore Fintech Festival 2022, DBS, JP Morgan and SBI Digital Asset Holdings explored how they were able to launch the first industry pilot under MAS’ Project Guardian, exploring potential DeFi applications in wholesale funding markets after completing its first live trades.

/payments

AFP 2022: Europe and North America show mixed reception for new payment methods

Ahead of AFP 2022, Finextra caught up with Carl Slabicki, co-head of global payments at BNY Mellon, to discuss the recently released report, ‘What The Data Say’, in association with Aite-Novarica. The report explores how while “newer emerging electronic payments mechanisms are growing, legacy payment tools including checks and even cash remain resilient.”

/predictions

Brazil central bank chief predicts death of credit cards

Brazil’s central bank chief Roberto Campos Neto believes credit cards are on the brink of extinction due to growth in account-to-account based open payments.

/startups

Italy's Sella launches metaverse accelerator programme

Italian banking group Sella has launched an acceleration programme dedicated to startups focused on finance in the metaverse.