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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

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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. Regulatory headwinds, iffy economic conditions and a more conservative approach to tech innovation spending are combining to put a damper on BaaS growth. Fintechs have an increasing appetite for new products, better tech integration and diligent compliance.

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The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking. And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. 25%: Share of U.S.

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Charles Potts: Innovation trends for 2023

Independent Banker

Image by Worawut/Adobe By Charles Potts As we turn the page to a new year, the innovation evolution continues. ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. The emergence of chief innovation officers or digital strategists.

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Top Banks Keep Ahead Of FinTechs’ Competitive Threat

PYMNTS

The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

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Western Union Heads To The Cloud To Make B2B Payments Faster

PYMNTS

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 This puts them at risk of losing customers to more agile FinTechs that lack these issues. billion by 2025, up from $74.4 trillion in 2020.

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Mobile Means Much To CU Customers (Especially Younger Ones)

PYMNTS

The fact remains that in banking – especially among credit unions – innovation in terms of new services and products remains essential. percent: Share of CU members who are willing to switch from CUs to FinTechs for perceived ease and convenience. percent: Projected CAGR of the digital payments market between 2019 to 2024. $39

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