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

Gonzobanker

That said, here are my banking and fintech predictions for 2024: 1. Fintechs have an increasing appetite for new products, better tech integration and diligent compliance. Banks miss the critical ‘in-checkout’ moment, ceding ground to fintechs with integrated installment plans.” You’re probably right. money) is.

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BNZ protects customers (and the customer experience) with IBM Safer Payments

Insights on Business

Many conveniences that customers enjoy as a result of modern banking carry an increased risk of fraud. Global card fraud losses are on the rise—from 2016 to 2025, they are projected to nearly double, climbing from US $22.8 Protecting customers and the customer experience. Growing fraud requires new approach.

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GFT Advances in 2022 IDC FinTech Rankings

Bobsguide

The growing need to overhaul these systems is what powered GFT’s leap on the 2022 IDC FinTech Rankings. Continued adoption of GFT’s approach to reimagining banks’ current technology with core digital solutions moved the company up 14 spots this year, ranking #35 and earning recognition as a “Fast Track Fintech.”.

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Big Data Explosion

Cisco

Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. This challenge is compounded by the growing use of alternative data from sources like customer data platform (CDP) providers, fintech partnerships, and even from sensors and IoT devices.

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Where Does Chime Go From Here?

Gonzobanker

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. Cornerstone’s numbers don’t jive, however, with what some of the other fintechs have reported publicly. Is it ready for an IPO?

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Banking’s Hard Fork in the Post-Neobank Era

Gonzobanker

Delivering a better customer experience is not the only way for banks to gain a competitive advantage. This question encompasses the actual product (or service) itself, the quality of the customer experience in acquiring and using the product, and the pricing of the product. What : Customer Experience is Not a Strategy.

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Charles Potts: Innovation trends for 2023

Independent Banker

Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. Embedded finance is expected to increase exponentially over the next few years, opening up new markets and enhancing customer experiences. billion in 2020 revenues.