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The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

80%: Portion of global FI execs who believe banks will profit from embracing platform business models. 30%: Salesforce’s estimate of year-over-year growth in global digital commerce during Q4. 3.6T: Projected size of the "embedded finance" market by 2030. Data: $86B: Estimated spend on in-car commerce by 2025.

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Gartner: you’re better than this

Chris Skinner

I got this headline today: Most banks will be made irrelevant by 2030 – Gartner Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner.

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Things worth reading: 29th November 2017

Chris Skinner

Things we’re reading today include … RESEARCH: European banks’ reaction to PSD2 [PDF] Alibaba-Backed Paytm Aims to Become World’s Largest Digital Bank Rise of the robots to force 700m workers into new careers by 2030 Pound soars against the euro on Brexit divorce bill breakthrough UK banks can weather chaotic … The post Things (..)

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

This initiative aligns with priorities set for both Saudi Vision 2030 and for the Financial Sector Development Program (FSDP). Goals include developing a digital economy and fostering private sector growth to encourage participation by more entrepreneurs. .

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Digital banking provider Bankjoy and financial literacy education app Zogo are partnering to that end by shifting CU offerings to focus less on sales and more on financial education, which Generation Z customers tend to value more. The partnership is also intended to help RBFCU staff provide targeted products and services to members.

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NEW REPORT: State Street Chief On Cost-Benefits Of AI

PYMNTS

A recent study estimated that investment in AI could result in a 22 percent reduction in operational costs at FIs, collectively saving them as much as $1 trillion by 2030. In the July edition of the Digital Banking Tracker , PYMNTS explores the latest AI developments from around the space and the potential AI holds for the future.

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Plaid Launches In UK Amid Europe Expansion

PYMNTS

which is expected to double by 2030. In a blog post , Plaid said it chose the U.K. as its first foray in Europe because it has a thriving FinTech market and is among the fastest-growing sectors. According to Plaid, more than 1,600 FinTech companies came out of the U.K. “As we’ve done in the U.S.,

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