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Banking Predictions 2024: Gray Skies Are Going to Clear Up (in 2025)

Gonzobanker

Having complained in a recent post on LinkedIn that a lot of the predictions I see are nonsense, you may think I’m crazy for posting my own set of predictions for 2024. That said, here are my banking and fintech predictions for 2024: 1. Tech companies that enable banks and credit unions to provide BNPL will have a good year in 2024.

Fintech 88
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471
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Customer-Facing Technologies Spice Up The QSR Space

PYMNTS

QSR customers expect quality food and their preferred payment methods, and they want those things immediately. Restaurant operators are doing their best to satisfy those demands, spending billions on sophisticated, innovative solutions that improve experiences for customers who are dining in or ordering delivery or pickup.

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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 145
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The Platform Economy Evolves To Become More Personalized

PYMNTS

It’s also accommodating changing customer expectations for personalized and customized offerings. billion by 2024, a CAGR of 13.7 percent, during the forecast period of 2019-2024. The global digital payments market was valued at $3.4 billion in 2018 and is expected to reach $7.6

Google 134
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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. For perspective, 2023 and what we expect for 2024 can be characterized as keeping up with revenue. of total expenses; in 2024, this number is expected to be 11.2%.

Capital 195
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ISO 20022 For Banks – What You Need To Know

South State Correspondent

One major innovation is the ability to send an “information only” message to add more data to a transaction message. For example, a bank can now allow their commercial customers to append invoices, inventory lists, valuation data, or appraisal information to the payment counterparty.

System 195