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The FinTech Magazine July 2024: Official Link: https://lnkd.in/gPTJs4rq Exciting new developments in the fintech world! The July 2024 issue of FinTech Magazine is packed with insights into the evolving digital ecosystems riding innovation in financial services. Key highlights include: - The upward push of complete-stack BaaS platforms like B4B Payments - A Banking Circle Group Company, evolving to turn out to be embedded payment giants - How digital ecosystems are fostering extra collaboration among banks, fintech and consultancies - The future of #AI and its effect on the financial sector with Genpact - The growing importance of sustainable banking practices for financial institutions This issue also features interviews with top fintech leaders like Chen Amit of Tipalti and Philippe Daoust of the National Bank of Canada. Plus, a deep dive into the top 10 digital #banks shaping the industry. A must-read for anyone interested in the latest #fintech trends and #innovations. Maximilian Salomon MEHDI SARDAOUI Nicolas Pinto Sam Boboev #financialservices #digitaltransformation #payments #artificialintelligence #sustainablebanking

Exploring the Future: Emerging Payment Trends Shaping the Financial Landscape. In today’s rapidly evolving digital economy, payment trends play a crucial role in shaping the way we conduct transactions. From the rise of contactless payments and digital wallets to the potential impact of cryptocurrencies and decentralized finance, understanding these trends is essential for businesses and consumers alike. Join me in exploring the latest developments and their implications for the future of finance. #paymenttrends #financialinnovation #digitalpayments

🚀 The Rise of Neobanks in Latin America: Transforming the Financial Landscape The emergence of neobanks in Latin America is reshaping the financial landscape, challenging traditional banking norms and driving greater financial inclusion across the region. 🌍📲 Here's what sets Neobanks apart from traditional banks: 🔹 Neobanks: Digital-only, tech-driven, and with lower fees. These financial institutions are mobile-first, offering innovative services like instant account setups, budgeting tools, and even cryptocurrency trading—all without the cost of physical branches. They're transforming how underserved populations in Latin America access banking. 🔹 Traditional Banks: Long-established, with comprehensive services and physical branches. Despite being slower in adopting digital transformation, traditional banks remain key players in the financial ecosystem with their well-regulated and established frameworks. Key Differences: 1.- Operational Model: Neobanks = fully digital Traditional banks = digital + physical branches 2.- Customer Experience: Neobanks offer a faster, more user-friendly experience Traditional banks are often slower, burdened by bureaucracy. 3.- Cost Structure: Neobanks have lower fees, thanks to reduced overhead. While neobanks have the advantage of agility and innovation, they face challenges in navigating regulatory frameworks and increasing competition from traditional banks launching their own digital brands. 📈 But here's the exciting part: The future of banking in Latin America isn’t just about competition—it’s about collaboration. As traditional banks adopt digital innovations, and neobanks expand their offerings, both sectors are creating a more inclusive, efficient financial ecosystem. The real winners? Consumers. With increased competition, we can expect better services, lower costs, and enhanced access to financial solutions. 💡💸 Latin America’s banking future is digital, diverse, and consumer-focused. 🚀 #Fintech #Neobanks #LatinAmerica #BankingInnovation #FinancialInclusion #DigitalBanking #TechRevolution #FutureOfFinance #FinancialServices #CustomerExperience #EmergingMarkets #TraditionalBanks #MobileBanking #FinancialTechnology #BankingTransformation #GoLocal

💡𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐥𝐨𝐨𝐤 𝐥𝐢𝐤𝐞 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐚𝐧𝐤 𝐢𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐫𝐢𝐞𝐬? Starting next spring, Fintechs will have a historic opportunity to directly access central bank-managed payment systems across the European Economic Area (EEA). This monumental shift removes the long-standing dependency on commercial banks, giving Electronic Money Institutions (EMIs) and Payment Institutions (PIs) the ability to operate on equal footing with traditional financial institutions. 𝑾𝒉𝒂𝒕 𝒅𝒐𝒆𝒔 𝒕𝒉𝒊𝒔 𝒎𝒆𝒂𝒏 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒊𝒏𝒅𝒖𝒔𝒕𝒓𝒚? It’s a clear acknowledgment of the strength and growing influence of Fintech. Direct access will not only lead to faster, more efficient payment processes but will also open up new avenues for innovation in financial services across the eurozone. As the lines between traditional banking and Fintech blur, one thing is clear: the future of payments is faster, smarter, and more inclusive. The question is, are you ready to embrace this new era in finance? #FintechRevolution #Payments #DigitalTransformation

Welcome to the latest edition of Fintech Wrap Up! This time, we’re diving into some exciting shifts in fintech, payments, and banking. First up, neo and universal banks are cracking the code to wealth management for the mass affluent. With a smart blend of in-app wealth products, seamless integration into user journeys, and personalized financial education, banks are building confidence and helping customers invest more easily. Over in the ASEAN region, the focus is on cross-border payments. Bilateral links like Singapore’s PayNow with Thailand’s PromptPay are leading the charge, paving the way for cheaper, faster P2P and P2M transactions—though they may need a multilateral boost soon with projects like Nexus. Next, token launches are facing scrutiny from the SEC, but blockchain builders aren’t backing down. While regulators want stricter oversight, Web3 projects are pushing to prove that decentralized models can foster transparency and equity. On another front, Africa’s BNPL market is expanding rapidly, driven by a demand for consumer credit and innovations like biometric authentication. And let's talk stablecoins—these “internet-native” currencies are reimagining cash, creating an inclusive, programmable financial system that moves money faster and more cost-effectively. Finally, the convergence of digital identity and payment systems in the EU is groundbreaking. With the European Digital Identity Wallet, we’re seeing a shift towards a seamless, privacy-focused digital landscape that could eventually support everything from age verification to cross-EU payments. 👉 Read the full article here https://shorturl.at/Z9VOi Catch you in the next one!

A study by Economist Impact and Temenos  reveals that nearly half of Europe's banks are investing in fintech startups, while over a third are establishing their own digital banks or fintech ventures. This approach highlights that they're committed to keeping up with changes in the ever-changing financial world. https://lnkd.in/eg4cQAzP via FinTech Magazine  #FinTech #Banking #FutureOfFinance

A survey conducted by Economist Impact and Temenos indicates that close to 50% of European banks are directing investments towards #FinTech startups, with more than a third opting to establish their own digital banks or fintech ventures. https://lnkd.in/eHf8HXDv via FinTech Magazine  #Finance #Banking

𝐍𝐞𝐨 𝐁𝐚𝐧𝐤𝐬 – 𝐁𝐫𝐢𝐝𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐚𝐩 Neo Banks, an emergent force in the financial sector, blend traditional finance principles with modern technology. These digital-only banks provide banking services exclusively online or through mobile apps, without physical branches. They offer streamlined, user-friendly experiences, often with lower fees and innovative features compared to traditional banks. While they are shaking up the banking industry, Neo Banks still operate under the regulatory frameworks of traditional finance, offering a balance between innovation and security. A clear understanding of traditional finance, Neo Banks, and DeFi is essential in the modern financial landscape. This guide provides a foundation for exploring these diverse financial systems, encouraging informed and responsible engagement. Learn More: https://lnkd.in/dMhhx5mr #Finance #DeFi #NeoBanks #BusinessGrowth #Entrepreneurship #Innovation #Global12Banking #Global12Banking #Global12Crypto #BankingPartner #Global12Securities #Global12 #BuyCrypto #SellCrypto #DigitalBanking #fintech #PrivateInvestments #investment #CryptoWallet #Mastercard #CryptoCreditCard #InternationalBanking #PrivateBank #BankSecurity

💼 New Report Release: Global Digital Wallet Market 💼 The digital payment revolution is here! 🚀 Dive into our latest report from Knowledge Sourcing Intelligence, which provides an in-depth analysis of the Global Digital Wallet Market. Explore the trends, challenges, and opportunities driving this rapidly growing sector. Key Highlights: 📈 Market growth projections and key drivers 🌍 Regional market dynamics and competitive landscape 💳 Technological advancements and innovations in digital wallets 💡 Strategic insights for industry players This report is essential for anyone involved in the #digitalpayments space, from #fintech innovators to financial institutions and investors. Read the full report here: https://lnkd.in/ddZ3xRUf Stay ahead in the #digitaleconomy by understanding the key factors shaping the future of digital wallets. #DigitalWallets #Finance #Payments #MarketResearch #Banking #PaymentSystems #MobileWallet #BusinessGrowth #contactlesspayment

⏩ The future of financial services lies in a powerful combination: instant payments, rich data, and #OpenFinance. Gear up for the #InstantPayments revolution. Join Gareth Wilson at #FinTechLIVE and explore the opportunities ahead.   #WPR2025