This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Efma-Accenture Banking Innovation Awards are set to return on November 18th for a virtual celebration of banking’s best and brightest. With a record 816 innovations submitted by 275 institutions in 73 countries, I’m excited to see what this year has in store. The post Will these innovationtrends shape banking’s future?
The post 10 trends shaping post-digital banking innovation appeared first on Accenture Banking Blog. Each new day in 2022 takes us further into this new era of banking. Today’s banks are more intentional that reactive, more likely to challenge conventions than respect….
The financial services sector is experiencing transformative changes driven by technological advancements and innovativetrends. Additionally, the emergence of embedded finance and an increased focus on regulatory compliance are compelling financial institutions to continuously adapt and innovate.
As we progress through 2025, the banking industry is set for substantial transformation driven by several key trends. To stay competitive, banks must adapt and embrace emerging industry trends. Banks will look to transform the way they do business by moving beyond their walls with the maturing of open banking and embedded finance.
Innovations in AI, alternative lending platforms, personalized experiences, and sustainable lending practices are just a few of the areas set to redefine the industry. This article delves into key predictions and trends shaping the 2024 lending industry.
The rapidly evolving payments industry is driving industry leaders to adapt their strategies in response to emerging trends. As technology advances and consumer expectations shift, staying ahead of these trends is crucial for success. Recommended Approach : To navigate these changes, businesses must balance innovation with compliance.
The insurance industry in 2025 is at a pivotal point, with key digital insurance trends leading the charge in transforming how carriers operate and interact with customers. Carriers must innovate, adapt to these changes, and leverage new technologies to maintain a competitive edge.
EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group.
I want to take this opportunity to share the latest hyper-automation trends from my observations in working with clients in the banking industry. Banks must embrace a culture of innovation and change if they are to successfully adopt new technologies such as RPA, AI, blockchain, and others.
Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.
Every January since 2018, our annual “Top 10 Banking Trends” report has attempted to cut through the noise and reveal the real forces shaping the industry’s future. Our Top 10 Banking Trends, reviewed. We’ll be hard at work putting the finishing touches on our 2022 version over the holidays. It will be unusual in more ways than one.
The post Why payments will be forced to innovate in 2022 appeared first on Accenture Banking Blog. The advent of service providers like Square, Venmo, Alipay and PayPal has rewritten customer expectations around sending and receiving money. Customers….
They must innovate to stay relevant, but their discretionary budgets for innovation are limited. Rapid growth in the payments market, which is attracting a wide range of new value propositions and competitors, adds… The post 3 efficient ways to win the payments innovation race appeared first on Accenture Banking Blog.
This is a topic on everyone’s top 10 trend list for 2021. Smaller financial institutions will have to be more innovative and rely on third parties and as-a-service based solutions to specifically address the needs of the niche market they are servicing. Small Business Innovation. Customer Engagement & Experience. reached 31.7
Here are some of the biggest payment trends we’re forecasting for the new year. In 2023, we expect to see this response exaggerated and heightened. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.
I’m sure this isn’t the first opinion piece you’ve read where someone has laid out the trends that you must follow to be successful in your business. I can’t tell you the exact trends that you must follow because I will never know your business as well as you do. The new data paradigm focuses on using data to prepare for the future.
If your organization is looking to capitalize on cloud technology in 2021, here are a few trends to keep in mind. Learn more about how the cloud can exceed the demands of innovation, business velocity, data security, data management, and more by downloading our guide. The Public Cloud Market Will Surge.
Given these trends, there is a strong case to be made for our customers to increase investment in product development in order to continue offering innovative products that are successful despite the recent upheaval. The pandemic has highlighted the importance of product and business model innovation.
Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.
The insurance industry in 2025 is at a pivotal point, with key digital insurance trends leading the charge in transforming how carriers operate and interact with customers. Carriers must innovate, adapt to these changes, and leverage new technologies to maintain a competitive edge.
The post Instant payments are the key to unlock innovation appeared first on Accenture Banking Blog. The old 9-to-5 ways of doing business are being swept aside by the need to be able to send money anytime. All over the world, increasingly tech-savvy consumers and companies want their bill….
However, some speakers at the hearing had many positive things to say about the BNPL model and the benefits of innovative new Fintech products in general, crediting them for increasing inclusion in the financial services industry for underserved and low/no credit individuals. According to Kristen E.
In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained.
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. The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations.
Consumers’ desire to go contactless or cardless during the pandemic presents plenty of opportunities for FinTechs, banks and other card issuers to bring innovative credit solutions to market, but such investments much be approached strategically. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.
When describing the campaign, Debra Mastaler, Head Judge for the US Seach Awards, said: “My fellow judges and I loved how this campaign adjusted to new consumer trends and used those trends to their advantage. This is exactly what ecommerce websites should do. It was a well-executed campaign with a great outcome for the brand.
Let’s explore the key trends reshaping the insurance landscape and how they are set to redefine the industry’s future. Going Forward: Paving Success for 2024 As the industry progresses in 2024, one thing remains clear: embracing innovation is non-negotiable.
Visa Talks Payment Rail Innovation. In a PYMNTS interview this month, Visa Global Head of New Payment Flows at Visa Business Solutions Alan Koenigsberg discussed the need for existing payment rails to innovate and adapt to new use cases. When we think about rails, we think about them as a means to an endpoint," he said.
The trend is away from paper, but true digitization does not stop there. Beyond simply rendering information into bits and bytes, he said the purpose of digitization also revolves around understanding the trends being conveyed by that data. According to Sridhar Kanthadai , APAC head of wholesale payments at J.P.
Efi shares her journey from Wall Street to becoming a leading voice in financial technology and innovation. Another significant trend is the evolution of digital identity and blockchain technology. Efi talks about how these innovations are revolutionizing the way we think about money and financial transactions.
As countries around the world begin to carefully reopen their economies, we are starting to see several important trends emerge: Acceleration to Digital. This has accelerated an expected trend. For the majority of us, a walk downstairs in the morning has become the new commute.
This thought leadership piece looks at Instant Payments in the Middle East – how this innovativetrend being implemented in the region and elsewhere is changing the payments landscape, and what banks should do to fully leverage its value.
As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. All of these changes we're seeing are the result of a few mega-trends," Moinian said. The other is technological innovation.
So far in this blog series, I’ve talked about how COVID-19 is amplifying banks’ need for innovation and the key technology trends that will shape the near future. The long-term challenge is to set banks up to successfully rebuild and recover when the worst of the pandemic is over.
Recovery and emerging trends . As organizations begin to think about the recovery phase from the COVID era, businesses that were digitally enabled and able to innovate fared better. Companies that were previously resistant to change were suddenly faced with the choice to accelerate digital innovation or risk their survival.
In the global world of eCommerce, said Wang, digital trends that had already started to emerge in the market – around decentralized work, remote communications and pushing global remittances, for example – are now mission-critical in the age of COVID-19. An Opportunity for Innovation .
Digital Product Development Innovation Possibilities with 5G. Going beyond consumer markets, 5G capabilities may drive some more significant innovations and quality of life improvements many people may not even realize. Understand network rollout schedules for your key markets and device support trends amongst your key users.
It will reflect the work-from-home (WFH) changes that we made not only to slow down the spread of a deadly virus, but also those innovations that employers and employees liked the best. It’s a trend — and investment — that’s expected to grow in 2021 and beyond. The Digital Shift. CPGs’ Big Bet. QSRs’ Big Pivot.
As institutions adapt, Perficient’s Chief Strategist of financial services and expert, Scott Albahary, has identified six key trends to shape the banking landscape in the year ahead. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.
Remittance outturn for 2021 could fall within a wide range between a decline and a return to the pre-pandemic growth trend. We also need to consider positive economic trends, sender resilience, and demand for remittances from receiver countries in the equation. “The World Bank forecasts for 2021 may not occur,” he said.
They will need to continue innovating these processes to stay on top of shifting B2B trends worldwide. For more on these and other stories, read the Playbook’s News & Trends. BoxFox On Why Order-To-Cash Innovation Is Key For Businesses Expanding Globally.
This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. There was another inconspicuous but remarkable dimension to these trends, however.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content