Predictions - Long Reads, News, Articles & Research: Finextra

2021 banking predictions: What to expect after a year of uncertainty

Nanda Kumar CEO at SunTec Business Solutions

2021 banking predictions: What to expect after a year of uncertainty

2020 has been a historic year. The COVID-19 pandemic and ensuing economic downturn forced the banking industry to reset, reimagine and reinvent itself practically overnight. Banks were forced to close branches while employees switched to working remotely and customers could only bank online or via the telephone. Where the 2008 banking crisis cause...

18 February 2021 /predictions

Peter Wickes General Manager Enterprise, EMEA at Worldpay

The Future of Payments

2020 has changed the payments industry forever. Cash is no longer king, and COVID-19 has accelerated a change that was expected to take several years. Restrictions and guidelines put in place to deter the spread of COVID-19, along with the health and safety concerns associated with physical cash and touching surfaces such as payment terminals, have...

17 February 2021 /predictions

Retired Member

Corporate banking in 2021

Financial institutions seeking to expand into the lucrative commercial sector face their own set of difficulties as regulations and cost containment take centre stage. In 2021, banks should be primed to address several overarching challenges in the quest for SME business. Embedding comprehensive digital capabilities is also essential to aid expens...

16 February 2021 /predictions

Kyrylo Shevchenko Governor at National Bank of Ukraine

Preparing for a Digital Future

Across the world, the Coronavirus pandemic has brought about a dramatic shift in the consumer uptake of digital services, particularly in the financial services sector. In the case of Ukraine, however, such a shift had already been initiated. Rather, the pandemic has accelerated the transition that we at the National Bank of Ukraine view as essenti...

16 February 2021 /predictions

Getting a grip on PSD2: Why it pays for businesses to be on top of SCA in 2021

Judy Nguyen VP of Network Product Development & Management at American Express

Getting a grip on PSD2: Why it pays for businesses to be on top of SCA in 2021

Last year was an extraordinary year for e-commerce, with UK online sales an astonishing 50% higher in August compared with February, according to ONS statistics. However, the boom for online commerce was not without its challenges as merchants sought to manage greater supply chain pressures and the need to upscale deliveries. In addition to this i...

15 February 2021 /predictions

Retired Member

Treasury management trends

Six prominent treasury trends that will help guide strategy and technology adoption for financial institutions in 2021 include: The only constant will be an increase in the rate of change As the oil that lubricates the economy, financial institutions will need to react quickly to the impact of the pandemic. Digitalization, cloud and platformificati...

11 February 2021 /predictions

6 Fintech & Insurtech Predictions from a Pan-European VC

Michele Foradori Investment Director at BlackFin Tech

6 Fintech & Insurtech Predictions from a Pan-European VC

It is a recurring appointment for us at BlackFin Tech to sit down, at the end of every year, to discuss and reflect on new trends shaping the future of financial services. Here is what our team sees storming in 2021: 1. New frontiers for payments A new innovation breeze will hit the payment industry. Two key themes will shape the discussion for the...

11 February 2021 /predictions

Prajit Nanu

A new frontier for fintech in 2021

What a challenging yet extraordinary year 2020 was. We started the year full of high hopes and expectations for the new decade, with the concepts of 'pandemic', 'lockdowns' and 'remote working' being far beyond our imagination. The global business impact following the pandemic has been significant to say the least. Businesses in the travel and hosp...

09 February 2021 /predictions

Mariana Gomez de la Villa Principal Commercial Product Manager at ING

DLT Predictions for 2021

While a lot of people might have discerning perceptions on the future of blockchain as a whole, there’s no doubt it keeps being a subject that is not indifferent to anyone. We still have the anarchists and the haters as we have the believers and supporters, so even tough the ecosystem has evolved and together with it, the technology; some things h...

08 February 2021 /predictions

2021 Predictions: Realising the Value of Payments Transformation

Simon Wilson MD, Transaction Automation at valanticFSA

2021 Predictions: Realising the Value of Payments Transformation

It has been said that prediction is very difficult, especially if it’s about the future. The unprecedented events of 2020 demonstrated quite how difficult it can be. The monumental uplifts in digital volumes, shifts in customer requirements and broader economic impact would have been (and frankly still are) barely conceivable. As such, financial ...

05 February 2021 /predictions

8 Ways Intelligent Automation Will Transform Financial Firms in 2021

Liz Benson Senior Director, Strategy at Kofax

8 Ways Intelligent Automation Will Transform Financial Firms in 2021

Disruption was the key theme for 2020 across all sectors. But even before COVID-19, financial firms were focused on improving the customer experience, competing with new digital-only entrants, and closing the gap between front and back offices. The pandemic only accelerated their digital transformation plans by forcing them to rethink how, and whe...

04 February 2021 /predictions

The 3 Key Risk, Compliance, and Governance Challenges for Finance to Tackle in 2021

Ian Raine VP Product Management at iManage

The 3 Key Risk, Compliance, and Governance Challenges for Finance to Tackle in 2021

Financial services professionals across asset management, investment and commercial banking, insurance, and other subsectors create and manage mission critical information that guides their most important business decisions. COVID-19 and the shift to remote working that followed in its wake didn’t change that; it just added some new challenges. As...

03 February 2021 /predictions

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