VSoft Corporation’s Post

2024 might bring many interesting developments and trends in #fintech and #payments sector in particular. Here are some examples from my colleague Henning Holter to keep an eye on 👀

Henning’s predictions are well worth examining in detail. The in-car, secure approval and payments revolution, as well as enhanced, in-vehicle customer interfaces are part of the next customer success revolution driving change in automotive.

What's in store for the FinTech sector this year? Here are predictions from our expert Henning Holter: ➡ A2A and Open Banking become mainstream, challenging traditional card networks ➡ BigTech and FinTech integration continues, offering embedded financial services and creating partnership opportunities for banks ➡ AI adoption increases, improving customer service, internal processing, and financial inclusion ➡ In-Car Payments evolve, turning cars into e-commerce and payment devices ➡ Central Bank Digital Currencies (CBDCs) may soon enter our digital wallets ➡ AR/VR Technologies (eg: Apple’s Vision Pro) could revolutionize payments, integrating Open Banking, A2A transactions, and digital currencies into a more interconnected and seamless financial ecosystem Read more 👇

Do you believe in fortune tellers? Well, even if you don’t it is worth to keep an eye on this prediction of what the Top 5 Trends in Fintech for 2024 will be! 🚀 According to Juniper Research, the coming year will be shaped by some groundbreaking trends that will transform the landscape. Here are the Top 5 trends to watch out for: 1️⃣ A2A Payments revolution: Account-to-account payments are set to challenge card payments in e-commerce, especially impacting European markets. Enabled by open banking and instant payments, these transactions promise speed, lower costs, and reduced fraud risk. The shift is imminent, and it's poised to redefine online transactions globally. 2️⃣ Expansion of digital currencies: Governments worldwide will explore digital currencies with a focus on cross-border and B2B payments. Expect significant growth as adoption gains momentum, propelling the global shift towards digital financial ecosystems. 3️⃣ Generative AI's financial impact: Generative AI will revolutionise spending insights for financial institutions. The integration of AI-driven personalisation will enhance customer experiences, catering to individual needs and preferences like never before. 4️⃣ Digital wallets & identity: The rise of digital identity apps will be exponential, amplifying to an 86% global growth between 2024 and 2026. Initiatives like the EU ID Wallet will fuel this growth, revolutionising digital identity authentication and storage. 5️⃣ AI-Powered AML tools: Anti-money laundering (AML) tools leveraging AI are set to reshape compliance. These advanced technologies will streamline processes like AML, CDD, and KYC, enhancing efficiency and response to threats in the payments domain. Exciting times ahead as these trends pave the way for innovation, efficiency, and security in the fintech and payments arena. 💰 What do you think of the list? Read more here. 💡💳✨ https://lnkd.in/gQqU6Uv8 highlights the first five,ecosystem in 2024 and beyond. #jillion #b2b #fintech #2024trends #future #top5 #finance #innovation

As a significant portion of the population, particularly the youth, demands tailored banking experiences, institutions are swiftly embracing technologies like BaaS and AI to meet these expectations. AI, in particular, enables more seamless experiences, facilitating faster credit decisions and enhanced fraud detection. Moreover, partnerships between traditional banks and fintech firms are becoming increasingly crucial for staying relevant and competitive in this digital era. By leveraging these collaborations, financial institutions can enhance customer experience, introduce new services, and drive growth while navigating the challenges of digitalisation. #BankingEvolution #DigitalTransformation #FintechInnovation

The fintech landscape is evolving rapidly, marked by innovations like A2A payments, generative AI, and Open Finance. Juniper Research forecasts a dynamic shift, emphasizing genuine progress over speculative gains. As economic pressures and competition intensify, the key trends, from CBDC use cases to sustainable fintech solutions, shape a transformative year ahead. Adapting to these trends will be crucial for players in the fintech arena, ensuring they stay agile in a market that demands continual innovation and differentiation. The coming year promises exciting transformations, urging stakeholders to strategically reassess and adapt to stay ahead in this dynamic landscape. Read more via Help Net Security https://lnkd.in/eBcNGkUn #MakingFinTechMobile #FintechTrends #Innovation2024 #DigitalFinance #ESGInnovation

In a recent interview with FinTech Futures, Opus Technologies CEO Praveen TM shared his insights on how the financial industry is evolving and how Opus is enabling banks, payment service providers, merchants, and fintechs to build innovative solutions through an open collaboration platform. Read the interview here ➡️ http://spr.ly/6047wglCf #ArtificialIntelligence #AI #Banking #CoreBanking #BankingTech #FinTech #PayTech

🔮 Peek into the Future of FinTech! Alex Karichensky, our CEO Europe, shares his expert comments for IT Logs on the digital trends shaping traditional banking in 2024. From GenAI to open banking and personalized services, discover what lies ahead. 💡Read the insights in the full article: https://lnkd.in/dmNiAf-3. #fintech #digitaltrends #futurefinance #digitalfinance #fintechnews

Top 2024 Trends in Fintech & Payments: A2A, Digital Currencies, Digital Identities  - A2A payments will challenge card payments in e-commerce in the year ahead, with a big impact on European markets in 2024.  - More governments will use digital currencies for cross-border and B2B payments.  - There will be more digital identification through wallets and in-store biometric payments. Here is a very interesting article about trends in the payments industry for 2024 👇 #payments #trends

Check out the key trends that IT Logs identified, and what is about to follow for fintech in 2024!