Competition to serve the financial needs of small and medium-sized enterprises (SMEs) is growing, resulting in a variety of products designed to make business easier for SMEs. This includes specialized …
Read More »Goldman Sachs Survey Highlights Family Office Move Toward Crypto Investments
According to a recent Goldman Sachs survey, nearly half of family office clients have an interest in cryptocurrency investments. Moreover, an even larger portion of these clients are making inquiries …
Read More »Central Bank Digital Currencies for Cross-Border Payments
A joint report (the Central Bank Digital Currencies for Cross-Border Payments) published by the G20 Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) …
Read More »More Than Half the World’s Population to Use Mobile Wallets by 2025
The biggest report ever published about mobile wallets (the Mobile Wallets Report, published by Boku) is projecting that nearly 60% of the world’s population will be mobile wallet users by …
Read More »Smart POS Terminal Usage to Increase Over the Next 5 Years
A new study by Juniper Research has found that smart POS terminals (those in which analytics and loyalty can be integrated directly to the terminal) are predicted to increase from …
Read More »Institutional Investors Increasingly Interested in Digital Assets
A new survey of institutional investors and wealth managers from France, Germany, the United Arab Emirates, the United Kingdom and the United States of America has revealed that that 82% …
Read More »Survey: Financial Institutions Seeing the Benefits of Open Banking
Finstra recently conducted a survey of 785 professionals working at global financial institutions. The results of this survey indicate that most such organizations are already seeing benefits from open banking …
Read More »The Case for Payment Data Monetization
The case for payment data monetization has never been stronger than it is today. At the same time, progress is still somewhat limited due to a combination of budgetary and …
Read More »Blockchain-Based Revenue to Grow 50-Fold by 2030
According to data and analytics from GlobalData, revenue from blockchain-based platforms and services is expected to grow 50-fold over the next decade, going from USD 4 billion in 2020 to …
Read More »FinTechs Racing to Adopt Biometric Solutions for Remote KYC Processes
As the younger generations’ comfort with technology begins to drive market realities and set expectations of what is (or at least should be) possible, it seems inevitable that mobile device-based …
Read More »Buy-Now-Pay-Later Spending Expected to Surge to USD 995 Billion in 2026
According to a recent report published by Juniper Research, payments sent through by-now-pay-later (BNPL) payment options is expected to jump dramatically over the next 5 years, reaching an estimated USD …
Read More »How Challengers Banks Changed Retail Banking
Challenger banks have gained traction over the past few years by developing streamlined, digital-first retail banking services such as checking and savings accounts, loans, insurance and credit cards. Challenger banks, …
Read More »Digital Payment Solutions Replacing Cash Faster Than Ever Before
PricewaterhouseCoopers (PwC) recently released its Charting a Cause Amid Evolution and Revolution study. According to the study, the COVID-19 pandemic has accelerated the move away from cash-based payments by 3–5 …
Read More »Overview of the World FinTech Report 2021 (Video)
The World FinTech Report 2021 from Capgemini and Efma explores how successful FinTechs have breached the profitability barrier and analyzes alternative options for financial institutions to alleviate this competitive threat. …
Read More »The Ongoing Payment Revolution
The financial services industry is in the midst of a significant transformation, with much of this push for change being driven by consumers’ demand for more convenient payment solutions. While …
Read More »Lack of Knowledge the Main Barrier to Cryptocurrency Adoption
The Economist Intelligence Unit recently published the Digimentality 2021 report, a study of complications associated with cryptocurrencies. The study was commissioned by Crypto.com and contains a survey of 3,053 people …
Read More »Central Bank Digital Currencies Likely to Disrupt Financial Systems
The declining use of cash and associated rise of digital payment systems, while providing convenience through improved mechanisms that reduce cost and improve speed and resiliency, have helped create oligopolies …
Read More »Joint SWIFT/Accenture Paper Explores What CBDCs Mean for Payments
A new joint paper from SWIFT and Accenture looks at the opportunities and challenges of central bank digital currencies (CBDCs). In particular, the paper examines CBDCs as a vehicle for …
Read More »Bison Trails Report Highlights Global Move Toward CBDCs
The potential launch of private cryptocurrencies has served to motivate central banks around the world to develop their own central bank digital currencies (CBDCs). In fact, a recent report from …
Read More »Modernizing Banking for an AI Future
Artificial intelligence (AI)-based financial institutions are the wave of the future, providing the most intelligent value propositions delivered through compelling journeys and experiences. But creating such an institution requires a …
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