Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World #Reports and Studies A survey of 1,000 respondents …
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AI’s Potential for Dishonesty Highlighted in Stunning Demonstration
New research suggests that AI is capable of engaging in illegal financial trades and potentially covering them up. As demonstrated at Apollo Research’s AI Safety Summit, an AI bot in …
Read More »The Impact of Fintechs on Traditional Financial Institutions
The International Monetary Fund has published a paper examining the impact of fintechs on traditional financial institutions. The findings show that the presence of fintechs negatively affects profitability, with cooperative …
Read More »Generative AI in Finance: Innovations and Challenges (18:04 Video)
Diana Rothfuss from SAS and Theodora Lau from Unconventional Ventures met up at the Money20/20 USA 2023 conference in Las Vegas (Nevada, USA) to discuss the role of generative AI …
Read More »Payment Methods Report 2023 Released
Juniper Research and the Payments Consulting Network have unveiled the Payment Methods Report 2023, which offers actionable insights into the evolving world of payment technologies and strategies. This 8th edition …
Read More »Technology and Fintech Partnerships Continue to Shape the Future of Banking
A recent study commissioned by Temenos and conducted by Economist Impact underscores the urgency for financial institutions to evolve amidst technological disruption, with 79% of survey respondents anticipating that banking …
Read More »AI and Machine Learning Are Revolutionizing Payments
AI and machine learning are rapidly transforming the payments sector, delivering tangible business benefits like higher customer retention rates and increased operational efficiencies. The technologies are enhancing checkout experiences and …
Read More »BFC FinTech Monitor (September 2023)
Stay up-to-date on all the latest FinTech news and information from around the world in the BFC FinTech Monitor. Around the World #Reports and Studies The G20 has released a new …
Read More »AI in FinTech Global Market Report 2023 Released
The new AI in FinTech Global Market Report 2023 has been released and highlights key AI trends in fintech. Overall, the report found that the global AI in fintech market …
Read More »Global Non-Cash Transaction Volumes to Reach USD 1.3 Trillion in 2023
According to the new 2023 World Payments Report published by Capgemini Research Institute, non-cash transaction volumes will reach USD 1.3 trillion in 2023. This surge is driven by the convenience …
Read More »Can X Become a Financial Super App?
Elon Musk’s rebranding of Twitter into X is part of an effort to create an expansive “everything app” that encompasses social media, e-commerce, payments and banking. The move is seen …
Read More »“As-a-Service” Set to Define the Next Era of Banking
A new report produced by Finextra Research in association with FIS delves into “as-a-service” banking models. The report has found that the rise of “as-a-service” banking models is driven by …
Read More »FinTok: How TikTok Is Being Used to Push Financial Awareness
Technological advances and changes in consumer preferences are constantly reshaping the financial landscape. One emerging trend is for financial brands to use the short-form video hosting service TikTok to engage …
Read More »Banking in the Metaverse
During the FinovateSpring 2023 conference in San Francisco, FinTech Futures sat down with Barb MacLean, senior vice president and head technology operations and implementation at Coastal Community Bank to discuss …
Read More »Fintech For Good: Fact or Fantasy
“Fintech for good” is an often-used phrase, but what does that really mean? And does it match reality or is it just a fantasy that makes us feel better. Let’s …
Read More »Why KYC Automation Is Key for Business Growth
The financial services industry is witnessing a growing emphasis on digital transformation as industry players attempt to meet rising customer expectations and improve their business efficiencies. At the same time, …
Read More »Global Fintech Investments Fall to USD 164.1 Billion in 2022
Following a record level of USD 238.9 billion in 2021, global fintech investments in 2022 dropped dramatically to USD 164.1 billion. Although declining significantly from 2021, 2022 was still the …
Read More »Banking Customers in Search of More Personalized Financial Advice
According to digital banking research conducted by Sopra Banking Software, most banking customers (70%) are looking for more personalized financial advice from their financial institutions. In particular, banking customers want …
Read More »New Survey Find Banks Feel “Pressured” to Collaborate with Fintechs
According to new survey conducted by global fintech company Sopra Banking Software, 77% of banking leaders feel “pressured” to collaborate with fintechs to stay relevant. The survey of nearly 800 …
Read More »Are Financial Institutions Overly Reliant on Carbon Offsetting?
With the proliferation of APIs and integrations and the move from bricks-and-mortar banking to digital banking, it’s tempting to think that finance today has a relatively light carbon footprint. But …
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