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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.

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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

Marketing and technology (IT) are two budgets that have taken the most significant hit. 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. of total expenses; in 2024, this number is expected to be 11.2%.

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

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. Vendor and payment companies alike are seeking and creating solutions to provide their customers with the most secure digital payment experiences possible.

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Top 13 Bank, Fintech & Financial Services Marketing Conferences

Fintech Labs Insights

For financial marketers, especially those in credit unions and community banks, the biggest event of the year, The Financial Brand Forum , is just two months away. While dedicated financial marketing events are limited, there are many other wide-ranging fintech and banking events that have numerous sessions on marketing and product topics.

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Modernize or Optimize? That Is the Core System Question

Gonzobanker

As Cornerstone Chief Research Officer Ron Shevlin concludes in What’s Going On In Banking 2024 , “Getting their core systems into shape has become either a nightmare or an impossibility for banks.” If the consensus is to proceed with a conversion to a new core system, financial institutions cannot waste a critical strategic opportunity.

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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. The global digital payments market was valued at $3.4 billion by 2024, a CAGR of 13.7 percent, during the forecast period of 2019-2024. billion in 2018 and is expected to reach $7.6

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

There is also growing impact to traditional card portfolios, not just demand deposit accounts (DDA) and real-time payments channels. It was also encouraging for me to hear that organizations are moving away from portfolio-specific silos, in favor of a more holistic approach to customer experience and management.

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