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Open banking: Balancing innovation with security

BankInovation

After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 Open banking […].

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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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Driving Payments Innovation With Installments And Automation

PYMNTS

In payments innovation, mass transit is driving the global future of contactless payments. percent: Expected CAGR of the eInvoicing market from 2017 to 2026. $16: 3B: Projected value of the automated accounts receivable market by 2024. 16: Minimum amount it costs to manually process a paper invoice. $3B:

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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. trillion | Estimated revenue in USD that mobile network operators stand to gain by 2026, achieved through early deployment of commercial low-power wide-area (LPWA) networks.

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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.

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Ericsson Says 5G Uptake Is Accelerating; COVID Highlights Need For Connectivity

PYMNTS

However, by 2026, Ericsson said the 5G subscription number is now expected to exceed 3.5 billion users, accounting for about a 40 percent market share. will catch up and overtake China in the race to roll out high-speed mobile technology, forecasting that North America will account for 80 percent of global 5G subscriptions by 2026.

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Around The World With Payments And Commerce

PYMNTS

Consumers who get more, want more — which puts the pressure on FIs to innovate for more complex needs. 200 billion : Estimated worth of India’s eCommerce market by 2026. 63 percent : Share of FIs that report meeting a customer need as the main driver for innovation. Regulation is another increasingly steep challenge. .

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