Predictions - Long Reads, News, Articles & Research: Finextra

Banking in 2024: Lending crunch, fintech shake-up, and the rise of smart money management

Andrew Harris Head of Product, Marketing and Customer at Jenius Bank

Banking in 2024: Lending crunch, fintech shake-up, and the rise of smart money management

Funding challenges, constricting markets and the emergence of new, innovative money management tools will create challenges and opportunities in the banking industry this year. As economic headwinds intensify, consumers and financial institutions alike must remain nimble to navigate these effectively. As we look ahead, these are the hurdles and op...

28 March 2024 /predictions

What trends and challenges will fintechs face in 2024?

Vladimir Krasik Global Head of Internal Treasury at Revolut

What trends and challenges will fintechs face in 2024?

One of the driving forces behind two decades of fintech’s success has been their ability to mitigate inefficiencies in customers’ relationships with traditional financial institutions: provide access to financial services to those who were previously unbanked, simplify transactions that used to be arduous, and decrease transactions costs. The pand...

06 March 2024 /predictions

5 fintech predictions for 2024: A light at the end of the tunnel

Arvin Abraham Partner at Goodwin Procter

5 fintech predictions for 2024: A light at the end of the tunnel

2024 feels a lot better than 2023. While there are still some significant macroeconomic and geopolitical headwinds, the dog days of 2023 are behind us and there is some light at the end of the tunnel. While market activity generally still remains muted, most expect a pick up in activity particularly as we enter the second half of the year. The fint...

27 February 2024 /predictions

2024 fintech trends and Finextra’s predictions for the new year

Madhvi Mavadiya Head of Content at Finextra

2024 fintech trends and Finextra’s predictions for the new year

Launching today, Finextra’s PREDICT 2024 channel will gather insights and ideas from the industry's top thought leaders, capturing how the financial services industry will tap into technology trends in 2024 and these predictions will be shared with our 800,000 monthly readers. From November 2023 to March 2024, Finextra will be hosting video inter...

20 November 2023 /predictions

Sehrish Alikhan Reporter at Finextra

Open Banking 2023: A global review

As open banking is embraced worldwide, we have taken a look at how different countries are approaching open banking, and the countries paving the way toward open finance. The open banking ecosystem has evolved and flourished in recent years, allowing consumers to make seamless transactions online and on their mobile devices. Additionally, the imple...

29 March 2023 /predictions

Regulation of virtual assets: What we can expect in 2023

Paige Berges Counsel at Ropes & Gray

Regulation of virtual assets: What we can expect in 2023

As anticipated, it has been an incredibly active year for regulation and financial crime related to virtual assets (see our previous alert from January 2022). Despite the onset of the “crypto winter,” illicit use of virtual assets rose again to an all-time high of $20.1 billion. While the illicit share of the market remains less than 1% of overal...

13 February 2023 /predictions

Why Nordic bank SEB is betting on Banking-as-a-Service in 2023

Paige McNamee Senior Reporter at Finextra

Why Nordic bank SEB is betting on Banking-as-a-Service in 2023

Diving into the new year with big plans up his sleeve, the head of SEB’s Banking-as-a-Service (BaaS) offshoot SEB Embedded, Christoffer Malmer, wants to see BaaS use-cases dominate the headlines this year. 2023 is an exciting year for Malmer and his team’s brain-child SEB Embedded in many respects. The BaaS platform broke away from SEB’s innovatio...

08 February 2023 /predictions

Banking and fintech movers and shakers: Revolut, Ant, Feedzai and more

Madhvi Mavadiya Head of Content at Finextra

Banking and fintech movers and shakers: Revolut, Ant, Feedzai and more

Here’s a recap of the most headline worthy and recent hires, departures, and company shakeups of this January and what that could mean for 2023. Revolut Revolut is planning to hire a behavioural team that will be referred to as ‘CultureLab’ to address an "aggressive" corporate culture, according to an article published in The Guardian. ...

01 February 2023 /predictions

US cryptocurrency policy and the impact of the 2022 midterm elections

Sehrish Alikhan Reporter at Finextra

US cryptocurrency policy and the impact of the 2022 midterm elections

The United States is one of the biggest areas of growth for the cryptocurrency industry in the world. The results of the 2022 midterm elections that took place last November have potential to determine next priorities in banking and crypto regulation that will significantly impact the sector. As a result of the elections, the Democrats have retain...

03 January 2023 /predictions

Paige McNamee Senior Reporter at Finextra

Should central banks use DLT for CBDC?

In July this year, Finextra’s editorial team embarked on its inaugural Digital Asset Series of webinars, bringing together key voices from across the industry to speak to the leading trends, issues, and updates across digital assets. 2022 has undoubtedly been a tumultuous year for crypto and the wider digital asset space, and while we are yet to em...

07 December 2022 /predictions

Will 2023 be a watershed year for consumer banking in the US?

Paige McNamee Senior Reporter at Finextra

Will 2023 be a watershed year for consumer banking in the US?

Late October saw the Consumer Financial Protection Bureau’s (CFPB) director, Rohit Chopra, announce that the Bureau will push ahead with its plans to finalise rulemaking on personal financial data rights in the US, outlining key areas of focus and the Bureau’s “new approach to regulation.” The same week, the White House announced that the CFPB wo...

22 November 2022 /predictions

John Barber Vice President and Head at Infosys Finacle

A digital future awaits corporate banks

This is an excerpt from Finextra’s report, 'The Future of Digital Banking in the UK 2022'. The past few years have been a period of intense change in the corporate banking world. The ongoing digital revolution, changing market dynamics, and the entry of new challengers have all played a role in metamorphosing corporate banking as we know it. The ...

02 August 2022 /predictions

Long reads