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How Federal Debt May Impact Banking

South State Correspondent

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model.

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Flywire Raises $120M, Acquires Simplee Healthcare Tech Startup

PYMNTS

Vertical payments startup Flywire has acquired healthcare technology startup Simplee , while also closing a $120 million Series E investment round led by Goldman Sachs, the company announced on Thursday (Feb. percent from 2019-2028 and is expected to comprise a $2.5 trillion industry by 2028, according to Boston Consulting Group.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows. The Outsourced FinTech Opportunity.

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5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

CB Insights

Move over, 4G — the next generation of wireless technology is here. 5G technology will enable wider network coverage, more stable internet connections, and faster data transfer speeds (from 4G’s 1Gbps to 10Gbps). 5G technology could integrate many unconnected, energy-consuming devices through low-cost connections.

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Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market

FICO

Today, it is the preferred choice of payment in many countries, with the contactless market set to reach a global value of US$6.25 trillion by 2028. Europe and the UK are currently leading the market. worth of fraud in every £100 spent using contactless technology. Against a total of £9.46 by Matt Cox.

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10 Bank Technology Trends to Follow for 2024

South State Correspondent

While technology has always been important in banking, it has yet to drive the essential functions of banking. We tracked almost 100 banking technology trends throughout the year and now bring you the top ten, in order, based on our view of long-term strategic importance. In the last year, this has started to change.

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