The fintech industry is rapidly evolving and disrupting traditional financial systems. In this article, we bring you the latest research insights to help you stay ahead of the curve and understand the future of financial technology. Enjoy researching!
New Study Shows Big Gap Between Open Banking Interest and Use (Pymnts)
Open banking payments are gaining appeal among consumers, especially younger generations, for various expenses like monthly bills and groceries. However, despite high interest, actual usage remains low. Consumers trust banks the most for these payments, but there’s an awareness gap among non-users. Higher usage correlates with increased satisfaction levels. While open banking payments offer a secure and convenient way to pay, adoption rates are lower than expected. Additionally, regulatory issues, such as those involving Apple’s actions in Russia, and food price inflation are impacting consumer behavior and spending habits. Read more
How to prepare for the CFO role (McKinsey)
The article explores the evolving landscape of CFO roles in major companies, emphasizing the need for financial leaders to possess skills beyond traditional financial expertise. It highlights the importance of taking career risks, developing operational know-how, and embracing a diverse set of sponsors to secure top positions in finance. The research discusses the challenges and opportunities faced by CFOs today, including navigating regulatory complexities, technological advancements, and macroeconomic disruptions. Key priorities for aspiring CFOs include formulating a distinctive vision for the role, building relationships with influential sponsors, enhancing critical skills, leading impactful initiatives, and engaging with the CEO and board to gain visibility and trust. The insights provided by former CFOs offer valuable advice for individuals aspiring to excel in finance leadership roles. Read more
Transforming digital banking and instant payments: the LHV story (The Paypers)
The interview with Mike Goodenough from LHV Bank highlights the institution’s transformation from a traditional banking entity to a tech-focused innovator, particularly after obtaining a banking license in the UK in 2023. With a strategic vision to expand beyond Estonia and the European Union, LHV offers customized solutions to fintech partners, including Indirect Scheme access and collection possibilities. Currently servicing around 200 fintechs globally and facilitating 7% of all instant transfers across Europe, LHV is driving financial inclusion and supporting the development of the tech industry while catering to over 400,000 customers, predominantly merchants and small enterprises. Listen more
–
Do you have any news to share? Please put feed@hollandfintech.com on your press list.
Curious to read and find out more from fintech? Then subscribe & read our full newsletters here. In order to see our other weekly highlights, check out the following links: analysis & opinion
