Banking and Payments in 2022: Digital transformation and trends in financial technology
January 19, 2022
Once dominated by a set of large retail banks, the payments landscape of today is rife with competition. In fact, the latest research reveals that:
- Upstart payments firms represent almost a quarter of all fintechs launched between 2015 and 2020
- EU banks could lose up to a third of their payments revenue to disruptors by 2025
- More than 6 in 10 banking executives view non-traditional payments firms more competitively than traditional players
- What technology and automation trends will define banking in 2022
- Why banks should leverage automation to handle payments
- How banks are remaining compliant with regulations
- Growth targets and impediments to growth across banking in 2022
- What features banks are prioritising when selecting a system for handling payments data
- The risks of manual processes for banking and payments