Dive into the latest insights shaping the fintech landscape this week. Delve into expert opinions on the challenges and opportunities for the sector, covering areas such as regtech, AI, and tokenization.
The biggest trends in fintech this year: What the experts say (Tech.eu)
In 2024, the UK and European fintech sector anticipates a surge in bank switches driven by consumer awareness, with Kroo and other neobanks leading the way. Buy Now, Pay Later (BNPL) services, exemplified by Clearpay, are projected to further entrench themselves as everyday payment methods, with in-store options becoming more prevalent. The potential approval of a Bitcoin ETF in the US fuels optimism for a Crypto Spring. Hybrid working models are on the rise, with fintechs prioritizing diversity and inclusion initiatives to attract and retain talent. Read more
Will 2024 be a progressive year for fintech investment? (Finextra)
In 2023, the fintech investment landscape faced challenges, primarily due to widespread uncertainty. However, with the anticipation of interest rates decreasing in the coming year, there’s optimism for a surge in available investment capital. The aftermath of COP28 and the global shift away from fossil fuels have elevated the importance of ESG and cleantech investments. The focus on AI’s potential impact on financial services is evident, and the industry is poised for change in 2024, with the challenge lying in how swiftly companies can adapt to meet evolving customer demands. Read more
FinTech Magazine’s 2024 lookahead: ESG (Fintech Magazine)
In 2024, environmental, social, and governance (ESG) considerations are expected to play a central role in the financial services industry. Adam Zoucha from FloQast anticipates a defining year for ESG strategies. Marius Galdikas, CEO at ConnectPay, predicts increased emphasis on ESG in fintech, aligning with sustainability goals. Anders Holm, CCO at Fadata, highlights the growing importance of sustainability in the insurance industry. Denise Johansson, Co-founder and Co-CEO at Enfuce, notes a shift from aggressive pricing strategies to sustainable growth and profitability. Steve Round, Co-founder at SaaScada, envisions a move towards standardized ESG reporting frameworks. Read more
What can we expect from European fintech in 2024? (TNW)
The fintech sector, after a challenging year in 2023, anticipates several trends in 2024 according to industry experts. Don Ginsel predicts few new fintech startups, but expects regtech to thrive amid regulatory requirements. Jason Mikula focuses on tokenization and AI, with financial discipline and layoffs returning. Angelique Schouten emphasizes the need to address talent challenges and transform businesses. Jeroen de Bel suggests a realistic view of AI’s potential after the hype, while Conny Dorrestijn sees B2B investments supporting the business community as a new norm in fintech. Read more
GFT: Where will digital banking take us as we approach 2024? (Fintech Magazine)
In an exclusive interview with Shilpa Doreswamy, Head of Banking at GFT UK, the future of digitalization in the banking ecosystem for 2024 is explored. Predictions indicate continued acceleration of digital transformation, driven by increasing adoption of digital payment methods, hyper-personalized customer experiences through AI and advanced analytics, and the consolidation of open banking ecosystems. Additional trends for 2024 include the exploration of DeFi platforms, blockchain technology, and increased focus on financial inclusion. Read more
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