182 Results from 2023, /predictions
Robert Houghton Founder at Insightful Technology
As financial institutions gear up for the next 12 months, it’s time to reflect on the key trends and developments, considering how they’ll shape the year ahead. While the financial landscape is constantly evolving, we believe there are four important issues that will shape 2024: 1. AI-powered compliance AI and automation are the buzzwords of the y...
21 December 2023 /regulation /predictions Financial Services Regulation
Thorsten Hein Principal Product Marketing Mgr. & Insurance Lead at SAS
As 2023 draws to a close, the insurance industry faces a landscape rich with possibilities and fraught with potential failure. Insurers are faced with having to answer the existential threat of climate change alongside the expanding use of artificial intelligence (AI) as regulation evolves in real time. In 2024, many experts predict that insurers ...
18 December 2023 /regulation /predictions Artificial Intelligence and Financial Services
Michael Boukadakis CEO at ENACOMM
If bankers want to survive, they cannot afford to choose complacency when it comes to technological innovation. In fact, they should bet their careers on replacing outdated systems and solutions. If a banking core doesn't allow for innovation – the continual updating of capabilities, channels, interfaces and processes – it needs to be replaced. Ot...
12 December 2023 /retail /predictions Digital Bank Transformation
John Bevil Product Director, Capital Markets at Xceptor
As 2023 draws to a close, we look towards a new year that will continue the transformation of financial services, driven by technological innovation and regulatory change. The implementation of T+1 in the US and Canada will serve as a benchmark for financial institutions globally. Successful adaptation requires readiness and a proactive approac...
12 December 2023 /regulation /predictions
Kanika Hope Chief Strategy Officer at Temenos
Challengers face an uncertain future. Some will run out of cash, some will get acquired by incumbents or even the more successful challengers, and then there are those that will succeed independently. So what are the possible outcomes? Shut Down: Of ~630 launches since 2010, ~180 challenger banks have ceased operations due to lack of sustainable r...
11 December 2023 /startups /predictions Banking
Ben Goldin Founder and CEO at Plumery
As we reach the end of another eventful year in banking, it’s time to take stock and reflect. From the accelerated fall of high street bank empires, the ongoing fight for market share from both incumbents and their challenger peers, and how everyone is harnessing the power of AI, it’s been quite a ride. Here we give a run-down of some of the most...
11 December 2023 /retail /predictions Banking
Srinivasagopalan R Principal Consultant at Tata Consultancy Services
As the banking industry rebounded from the pandemic, they entered a period of new challenges and opportunities. MACRO DEVELOPMENTS: Market, Regulatory, Competition and Technology In the current business operating environment, there are few concerns around inflation leading to higher interest rates, which makes it expensive for banks to borrow and l...
11 December 2023 /retail /predictions Digital Banking Trends
Vivek Dubey Senior Manager at Capgemeini
This year has been amazing from a Technology perspective, the way the usability aspect of Gen AI is discussed in every forum, board room, and at individual level across industries is unparalleled. We can say 2023 is the year of technology belief and confidence in accepting the technology through heavy investments in building an innovation culture ...
10 December 2023 /retail /predictions Fintech
David Hensley Founder at Enryo Limited
Amidst the Digital Age, Cash appears to have made a brief comeback, not unlike the end of the resession in 2008. In a world increasingly dominated by digital payments, the news of a resurgence in cash usage might seem counterintuitive. However, recent data from the BRC suggests that cash is making a "comeback", with a 7% increase in the ...
07 December 2023 /payments /predictions Imagine a world without cash
Ruth Chambers Client Partner at GFT
I was thrilled to see the conversations at the recent Digital Asset Week in London shift from the narrative of the last few years, which was a heavy focus on a wide range of Proof of Concepts (POCs), to more of a showcase of programmes in production from global banks, securities servicing firms and financial market infrastructure providers. There ...
07 December 2023 /payments /predictions Blockchain in Banking and Financial Services
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