{"id":16879,"date":"2022-11-16T08:58:51","date_gmt":"2022-11-16T08:58:51","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16879"},"modified":"2022-11-16T09:01:51","modified_gmt":"2022-11-16T09:01:51","slug":"metaverse-digital-twins-to-be-a-boost-to-the-fintech-industry","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/metaverse-digital-twins-to-be-a-boost-to-the-fintech-industry\/","title":{"rendered":"Metaverse Digital Twins to Be a Boost to the Fintech Industry"},"content":{"rendered":"<p>Metaverse has started helping creators monetize their creativity and innovation skills through art, music, videos, etc. by offering digital twins capable of providing multi-way authentication. Digital avatars are linked to users\u2019 own identities, thereby helping develop new protection products for Metaverse. This will create ample opportunities for the financial sector by introducing seamless payment systems for users and players through these digital avatars and is expected to have a net positive impact on virtual financial sector (likely seeing it outpace the physical-world financial sector). Three companies are currently working the Metaverse in this regard:<\/p>\n<ul>\n<li>JPMorgan Chase is developing Onyx, a virtual-world, browser-based platform that offers blockchain payments to clients.<\/li>\n<li>The Industrial Bank of Korea (IBK) is preparing to IBK Dotori Bank on Metaverse, which will offer financial products and services streamlined for Cyworld Z users.<\/li>\n<li>Shinhan Bank is collaborating with KT to feature multiple financial services in Metaverse for the digitization of bank branches.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16879 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Pureplay digital operators to process USD 14 trillion in B2B payments by 2023'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/pureplay-digital-operators-to-process-usd-14-trillion-in-b2b-payments-by-2023\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/07\/pureplay-digital-operators-to-process-usd-14-trillion-in-b2b-payments-by-2023-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-13311\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13311'>\n\t\t\t\tPureplay digital operators to process USD 14 trillion in B2B payments by 2023\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Alfa-Bank leading Belarus into a fintech future'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/alfa-bank-leading-belarus-into-a-fintech-future\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/fast-arrow-design_1017-9650-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-8570\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/fast-arrow-design_1017-9650-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/fast-arrow-design_1017-9650-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/fast-arrow-design_1017-9650.jpg 626w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8570'>\n\t\t\t\tAlfa-Bank leading Belarus into a fintech future\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Podcast: is COVID-19 the catalyst for banking digital transformations?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/podcast-is-covid-19-the-catalyst-for-banking-digital-transformations\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/07\/Is-COVID-The-Catalyst-For-Banking-Digital-Transformations-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15109\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15109'>\n\t\t\t\tPodcast: is COVID-19 the catalyst for banking digital transformations?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Metaverse has started helping creators monetize their creativity and innovation skills through art, music, videos, etc. by offering digital twins capable of providing multi-way authentication. Digital avatars are linked to users\u2019 own identities, thereby helping develop new protection products for Metaverse. This will create ample opportunities for the financial sector by introducing seamless payment systems &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-16879","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-10_october-fintech-2022","bulletin_edition-11_november-2","bulletin_edition-fintech-2022","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16879"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16879\/revisions"}],"predecessor-version":[{"id":16882,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16879\/revisions\/16882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16889"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}