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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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Gartner: you’re better than this

Chris Skinner

I got this headline today: Most banks will be made irrelevant by 2030 – Gartner Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner.

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Kia Rolls Out Connected Car Subscriptions Via Zuora Platform

PYMNTS

The markets for automotive software and electrical/electronic (E/E) components is anticipated to reach $465 billion between 2020 and 2030, up from $238 billion, according to the McKinsey report Mapping the Automotive Software-and-Electronics Landscape Through 2030.

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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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Asia Will Lead In Use of AI and Automation in Financial Services, Study Says

Bank Innovation

The advent of AI technology, with innumerable use cases for financial services, will also have a great impact on cost savings and output for companies. By 2030 the global growth rate for use of automation technology in companies, including fintech and financial services, will stand at 15%.

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products. This initiative aligns with priorities set for both Saudi Vision 2030 and for the Financial Sector Development Program (FSDP).

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

TheGuardian

Technology advancements including digital ID, consumer data rights, and an already announced consultation on AI. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Resiliency and security of payment infrastructure, including reducing scams and boosting cybersecurity.