{"id":17338,"date":"2023-11-01T18:19:53","date_gmt":"2023-11-01T18:19:53","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17338"},"modified":"2023-11-01T18:19:53","modified_gmt":"2023-11-01T18:19:53","slug":"technology-and-fintech-partnerships-continue-to-shape-the-future-of-banking","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/technology-and-fintech-partnerships-continue-to-shape-the-future-of-banking\/","title":{"rendered":"Technology and Fintech Partnerships Continue to Shape the Future of Banking"},"content":{"rendered":"<p>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 will seamlessly integrate into daily life and business operations. Furthermore, 63% believe that technology will be the main catalyst for change over the next five years, with 71% pointing to AI as the decisive factor for success. The report also indicates that 44% of those surveyed expect financial institutions to acquire majority stakes in fintech companies, while 32% predict a market consolidation among challenger banks within the next three years. As one in five banks expect to shift their business models to offer banking-as-a-service solutions in the coming years, it will be important for the industry to embrace new technologies like cloud and AI as well as develop strategic partnerships with fintechs.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17338 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='British &#8220;neobank&#8221; Revolut expands to include cryptocurrencies'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/british-neobank-revolut-expands-to-include-cryptocurrencies\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/38558-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7386\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7386'>\n\t\t\t\tBritish &#8220;neobank&#8221; Revolut expands to include cryptocurrencies\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Payments via instant messengers to be allowed in the U.K.'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/payments-via-instant-messengers-to-be-allowed-in-the-u-k\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/paying-throught-mobile-phone_1212-438-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8554\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/paying-throught-mobile-phone_1212-438-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/paying-throught-mobile-phone_1212-438-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/paying-throught-mobile-phone_1212-438.jpg 626w\" sizes=\"(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-1-8554'>\n\t\t\t\tPayments via instant messengers to be allowed in the U.K.\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='5 ways FinTech startups are adapting to the COVID-19 pandemic'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/5-ways-fintech-startups-are-adapting-to-the-covid-19-pandemic\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/fintech1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14956\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14956'>\n\t\t\t\t5 ways FinTech startups are adapting to the COVID-19 pandemic\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>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 will seamlessly integrate into daily life and business operations. Furthermore, 63% believe that technology will be the main catalyst for change over the next five &hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17338"}],"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=17338"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17338\/revisions"}],"predecessor-version":[{"id":17339,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17338\/revisions\/17339"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}