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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.
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. According to Disque, the technologies are already in place for B2C firms to take the leap into B2B, but businesses must be strategic about the tools they choose to adopt.
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. This funding round brings the company’s total capital investment to $260 million.
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. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050. With time, these changes will only amplify.
Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. percent through 2028, according to Boston Consulting Group. This latest fundraising could top $300 million. AvidXchange previously raised $300 million in 2017 at a $1.4 The company announced on Thursday (Dec.
The shortage could top 100,000 drivers in five years and 160,000 drivers in 2028. And yet, Supply Chain Dive reported this week that the number of trucking companies that have shuttered has more than tripled so far in 2019 to 640 trucking companies, according to data from Broughton Capital.
In this report, we examine how fashion brands are leveraging technology to make clothing production and consumption more sustainable, from the use of plant-based textiles and bacteria-based dyes to leveraging a blockchain-based supply chain to increase transparency. 3D printing technology could also help automate the manufacturing process.
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