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5 use cases for the booming open banking market

BankInovation

As the banking industry continues to innovate and as the lines between fintechs and financial institutions continue to blur, open banking is booming, with the market size estimated to reach $43.15 billion by 2026, at 24.4% CAGR, according to Allied Market Research.

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mPOS At 37,000 Feet

PYMNTS

With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. Two FinTech firms in Poland are also forging closer ties.

Software 220
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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. In 2023, we expect to see this response exaggerated and heightened. Here are some of the biggest payment trends we’re forecasting for the new year.

Industry 471
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Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An Digital payments, FinTech and eCommerce are expanding slowly, but surely, in Africa.

Payments 132
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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Below is a breakdown of all 300 sessions, less the demos and sales pitches. You have never heard so many intelligent people sound not so smart.

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Deep Dive: Making Smarter Payments Safer

PYMNTS

More Data, More Innovation. market is seeing an uptick in faster and real-time payments transactions. The market completed roughly 1.3 billion payments by 2026. Data can also be collected in a two-sided market mechanism. Concerns about who is accessing data, and why, persist as it becomes easier to obtain.

Payments 180
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Amazon Sizzles, CX Border Fizzles And Humans Win One Against The Machines 

PYMNTS

“As new technology advances bring innovation, we need to be careful that the impact of this is progressive and does not create barriers…”. And while robots will certainly be taking some jobs out of the market, it is worth noting that 3.2 FinTechs and EU Banks: Unleveled playing field?

Las Vegas 116