The Think Tank’s Post

🤔 Curious what's driving the surge in BaaS adoption in 2023? 🔎 Looking for commonalities between recent regulatory actions? 📈 Wondering how Fintechs, Banks, and BaaS platforms finding a balance between growth and staying compliant? If yes to any of the above^ we've got you covered! Last week, Sarah Sholar, CBAP, Sarah Beth Felix, Dana Lawrence, Kyle Costello, and Jeremie Beaudry discussed these topics, the challenges faced by banks, complexities of the regulatory landscape, and evolving dynamics in Fintech/Bank partnerships. 🎥. ICYMI, catch the recording here: https://hubs.li/Q02fcgBF0 #BaaS #Banking #AMLCompliance #Unit21

What are the expected payment trends in 2024? Maybe these are the priorities according to Capegemini Consulting India Private Limited ▶ Real-time treasury empowers corporate clients’ decision-making and cash management capabilities ▶ Card alternatives – pay by bank and BNPL – are on the rise ▶ Digitalization will streamline accounts payables/receivables processes ▶ Cloud-native composable platforms enable back-end reimagination ▶ Local and regional payments initiatives may challenge the dominance of card schemes and interconnected payments networks ▶ Regulatory initiatives spark payment innovation and robust security ▶ Instant payments offer a potential efficiency boost ▶  Central banks embrace CBDC to maximize financial inclusion ▶ Tokenization opens new frontiers for value creation ▶ AI upside for payment services includes productivity and client satisfaction. #payments #toptrends #financialinclusion #digitalsolutions

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In this Masterclass video series, four fintech leaders discuss how to get fintech right. As new entrants continue to disrupt traditional banking, these experts share their insights on the advantages and challenges of digital banks, telco partnerships and cloud operations. They also discuss the impact of regulation and what the future looks like for fintechs and neobanks. Watch the video series: https://lnkd.in/eFUrdr-d Partner Content by PPF Group In Conversation with: Kimberley Long, Jan Cenkr, Karel Horak, Aleksandar Smiljkovic and Emma Hagan #digitalbanking #fintech #regulation #cloud #telecoms

Embracing digital assets is a strategic shift for banks. Although very interesting opportunity, integrating them into your offerings can be challenging. One cost-effective option for you is to work with technology partners, crypto-native custodians, or third-party service providers. Many vendors and providers offer solutions that enable you to use blockchain-as-a-service to integrate digital assets in banking. As a bank, you can also partner with FinTechs specializing in developing and servicing digital asset capabilities. White-label solutions are an excellent choice for banks that lack the resources to develop their own digital asset services. Better-equipped banks may choose to design a roadmap for developing in-house solutions. No matter which approach you choose, it is important to consider the following factors: 👉 Level of customer demand for digital asset services. 👉 Digital asset offerings comply with all applicable regulations. 👉 Implement robust security measures to protect their customers' digital assets. 👉 Manage the risks associated with digital assets, such as price volatility and fraud. By carefully considering these factors, you can successfully integrate digital assets into your bank’s offerings and meet the growing demand from your customers. #digitalassets #banking #innovation #futureofbanking #transformation

𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐬 𝟐𝟎𝟐𝟒 🔵🔴🟢 🍓 Trend 1: Real-time treasury empowers clients' decision-making and cash management capabilities 🍓 Trend 2: Card alternatives - pay by bank and BNPL are on the rise 🍓 Trend 3: Cloud-native composable platforms enable back-end reimagination 🍓 Trend 4: Digitalization will streamline accounts payables / receivables processes 🍓 Trend 5: Local and regional payments initiatives may challenge the dominance of card schemes and interconnected payments networks 🍓 Trend 6: Regulatory initiatives spark payment innovation and robust security 🍓 Trend 7: Instant payments offer a potential efficiency boost 🍓 Trend 8: Central banks embrace CBDC to maximize financial inclusion 🍓 Trend 9: Tokenization opens new frontiers for value creation 🍓 Trend 10: AI upside for payment services includes productivity and client satisfaction #payments #trends2024 #realtimepayments #cashmanagement #cardalternatives #paybybank #BNPL #cloudnative #digitalization #paymentinnovation #instantpayments #CBDC #financialinclusion #tokenization #aritificialintelligence #genAI #productivity #clientsatisfaction #tamlq

This is a good sharing for players in both financial and digital market.

Hey everyone! Have you heard about Banking as a service (BaaS) providers? They're changing the game by allowing businesses to embed traditional banking functions into their own decentralized central bank digital currency (CBDC). This means that businesses, from fintech startups to established digital assets platforms, can offer a full suite of banking and financial technology services without having to become a licensed bank. 🌐 This revolutionizes the way businesses access financial services and opens up new opportunities for innovation and growth in the industry. #Fintech #FinancialInnovation #DigitalAssets #BaaS #CBDC #BankingRevolution #TechInnovation #FinancialServices #BankingTechnology It's amazing to see how far technology has come in the financial world, and I can't wait to see how BaaS providers continue to shape the industry in the future. What are your thoughts on this new model for accessing financial services? Let's chat in the comments! 🚀

Corporate Treasury Heads / Transaction Bankers / Payment Service Providers 💢 Below survey illustrates most common/important Customers' Pain Points within the PAYMENTS industry. 💢 Are the results reflecting your experience? If yes, have you committed some plans to address them 🤔 💢 Top 3 greatest Pain Points you hear from your customers (please rank in order of frequency/importance): 📍Greatest pain point: ▪️Rate 1 📍Smallest pain point: ▪️Rate 8 #1. Access to real-time or intraday liquidity management (▪️1: 29% ▪️2: 29% ▪️3: 21%) #2. The cost of payment processing (▪️1: 34% ▪️2: 22% ▪️3: 19%) #3. Efficiency of cross-border payments (▪️1: 16% ▪️2: 21% ▪️3: 22%) * Source: Payments Modernisation - The Big Survey 2023 (conducted by Finextra and Volante Technologies) * Photo Credit: Mr. Vikas' post PS: I invite you to check this out regularly What is Your Next Move https://lnkd.in/gEuwj68P Read telegram channel description (Disclaimers apply) #transactionbanking #supplychainfinance #tradefinance #tradefinancegap #GTR #UCP700 #TREDS #commodityfinance #commoditiestrading #treasury #womenintreasury #money2020 #ISO20022 #cashmanagement #liquidity #payments #womeninpayments #paymentsinnovation #instantpayments #realtimepayments #crossborderpayments #digitalpayments #embeddedpayments #programmablepayments #DepositTokens #digitalcurrencies #cbdc #digitalbanking #digitalization #APIstandardisation #crossborderrealtime #API #financialservices #openbanking #banks #centralbanks #fwasingapore #blockchain #fintech #tech #bigtech #artificialintelligence #sustainablefinance #sales #leadership #business

𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟯 𝗯𝘆 𝗕𝗖𝗚 🟥 𝐻𝑒𝑟𝑒 𝑎𝑟𝑒 𝑡ℎ𝑒 𝑡𝑒𝑛 𝑘𝑒𝑦 ℎ𝑖𝑔ℎ𝑙𝑖𝑔ℎ𝑡𝑠 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒 𝑑𝑜𝑐𝑢𝑚𝑒𝑛𝑡: ✔️ Payment revenues grew by 8.3% annually from 2017 to 2022, reaching $1.6 trillion by the end of 2022. ✔️ Digital currencies are advancing towards practical use, with significant central bank engagement. ✔️ Anticipated slowdown in revenue growth to 6.2% annually through 2027, reaching $2.2 trillion. ✔️ Intensifying tech modernization and the emergence of Generative AI (#GenAI) could significantly transform the #payments industry. ✔️ A shift in #retail payments from cards to account-to-account transactions and other factors are expected to slow revenue growth. ✔️ Increased regulatory scrutiny is challenging risk management and compliance practices across the payments sector. ✔️ A significant decline in total shareholder returns (#TSR) for the top 20 payment companies, with the sharpest falls in acquiring and payment processing. ✔️ A trend in mergers and acquisitions (M&A) focuses on capabilities, particularly in alternative payment methods and integrated software. ✔️ The number of #fintechs focused on payments has grown, posing more competition to established players. ✔️ Industry leaders must adapt by revising #strategies, #partnerships, and tech infrastructures to preserve and enhance shareholder value amidst intensifying disruption 👍𝑠𝑢𝑝𝑝𝑜𝑟𝑡 𝑚𝑒 𝑤𝑖𝑡ℎ 𝑦𝑜𝑢𝑟 𝑡ℎ𝑢𝑚𝑏 𝑜𝑟 𝑟𝑒𝑝𝑜𝑠𝑡𝑖𝑛𝑔 💖𝑓𝑜𝑟 𝑚𝑜𝑟𝑒 𝑎𝑏𝑜𝑢𝑡 𝑓𝑖𝑛𝑡𝑒𝑐ℎ, 𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑠 𝑎𝑛𝑑 𝑏𝑎𝑛𝑘𝑖𝑛𝑔, 𝗳𝗼𝗹𝗹𝗼𝘄 𝑚𝑒 𝑎𝑡: https://lnkd.in/eyTcXEki #banking #digitalassets #riskmanagement #fintech #payments