Our latest insights

Banking and Payments in 2022: Digital transformation and trends in financial technology

Share this post

Share on facebook
Share on linkedin
Share on twitter
Share on email
AutoRek
Banking and Payments in 2022: Digital transformation and trends in financial technology

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

As new players continue to expand market share with data and customer-centric business models, incumbent banks face an urgent need to modernise systems to remain competitive in the payments landscape.

However, banks undergoing this transition will want to know what operational factors to prioritise, how to embrace automated technologies and how to remain compliant with an ever-evolving regulatory landscape.

In our latest industry report, we partnered with FinTech Futures and Informa Engage to survey more than 50 senior banking and payments professionals to learn how their firm handles payments and plans for operational enhancements in 2022.

 

Download the full report to learn more about:

  • 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

More To Explore

Login or Register

Don't have an account?

Are you part of the Payments Association community?

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Username*
Business Email Address*
Password*
Confirm Password*
Agreement*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back