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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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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

We can’t sleep on non-bank competition, bigger banks controlling even greater market share, or big tech and embedded finance. many we talked with in the halls acknowledged that credit quality remains a wild card to start the year. Well, we’re in 2024 and let’s talk about that “promising outlook” that seems to be building toward Q3.

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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. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.

Industry 471
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Today In Data: Intelligence Of Things Pushes Innovation

PYMNTS

IoT-enabled televisions, refrigerators and even vehicles are becoming mainstream, and even smartwatches are seeing the effects of connected innovation. 82 million | Projected value of smart sensor market revenue by 2024 in USD. 82 million | Projected value of smart sensor market revenue by 2024 in USD.

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How Retailers Drive Innovation With Subscriptions (And Payments)

PYMNTS

It is estimated that by 2024, there will be one billion video streaming service subscribers worldwide. Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products. The company accepts credit and debit cards for payments.

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Biometrics Innovation Tests Consumer Privacy Sentiment

PYMNTS

Innovations — some more fantastical than others — keep emerging, though. The rise of new authentication methods is one of the driving forces in the growing biometric market. According to new research , the global biometric system market is set to grow at a CAGR of 14.6 percent between 2019 and 2024 to reach $65.3

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Deustche Bank: Regulation Complicates B2B Payments’ Digital Transformation

PYMNTS

are made with cash , for example, and 63 percent of consumers have at least two credit cards. billion by 2024, indicating the corporate world’s record-high demand for instant payments. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before.