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2030 arrives in 2020

Chris Skinner

Other facts and figures that made me smile were Amazon’s retail sales jumping 24% in … The post 2030 arrives in 2020 appeared first on Chris Skinner's blog. This is it … In one month, retail sales jumped massively from 16% to 27% of all sales. The end of main street is nigh.

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Mastercard aims to cancel manual card entry by 2030

Payments Dive

The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

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By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Currently, millennials’ combined financial assets come up to $4.5 trillion in wealth.

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Blockchains could save banks $10B in cross-border payments costs by 2030

BankInovation

Deploying blockchains — a technology used to maintain shared ledgers across a network of computers — could speed transfers, saving banks $10 billion by 2030, according to a recent report from U.K.-based Cross-border payments in their current form tend to be slow, costly and offer limited transparency and traceability.

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Death of the cheque by 2030 as Australia embraces digital payment reforms

TheGuardian

In a speech to be delivered to the Australian Banking Association in Sydney on Wednesday, Chalmers will say there has been a 90% decline in the use of cheques over the past 10 years alone but it remains a legacy payment method, while other economies have transitioned to digital payments.

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74% of digital consumer payments will be conducted by non-FI platforms by 2030

BankInovation

It’s predicted that 74% of digital consumer payments globally will be conducted by platforms (from) nonfinancial institutions by 2030,” Martin Hyde, EMEA partnerships lead at JPMorgan Chase payments, said Wednesday at the FinovateEurope event […]

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Banking 2030, Part 1: The New Realities of Banking

The Financial Brand

This article Banking 2030, Part 1: The New Realities of Banking appeared first on The Financial Brand. This article Banking 2030, Part 1: The New Realities of Banking appeared first on The Financial Brand.