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Latest Results from /predictions

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APImetrics and Finextra launch open access fintech, open banking and crypto API data dashboard

Finextra Research and APImetrics - the industry’s only analytics-driven API performance solution provider - have collaborated to offer the first open access dashboard that will monitor real-world performance of fintech, open banking, PSD2 payments and crypto APIs.

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Open Banking adoption in UK lending set to hit 70% in next two years

A quarter of UK lenders now use Open Banking technology, with half of those that don't planning to do so in the future, according to research from Credit Kudos.

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French and Swiss central banks hail completed wholesale CBDC trial

The Banque de France, the Swiss National Bank and BIS Innovation Hub are hailing the completion of their cross-border wholesale central bank digital currency (wCBDC) experiment.

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SocGen makes play to be a data-driven bank

Societe Generale is putting its faith in data and AI to help it transition to, and prosper in, the digital age.

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Banks could boost revenues by four percent by embracing digital-first models

Traditional banks could increase their annual revenues by nearly four per cent if they embrace the innovative business models used by digital-only players, according to an Accenture report.

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JPMorgan estimates CBDCs could save corporates £100 billion in transaction costs

A full-scale, multiple central bank digital currency (mCBDC) network could potentially save global corporates up to $100 billion in transaction costs annually, according to a joint research report from Oliver Wyman and JPMorgan.

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Visa boasts it is fuelling BNPL around the world

With new RBC analysis suggesting that the US buy now, pay later market is set for explosive growth, Visa says issuers, acquirers and fintechs are snapping up its instalment payments technology.

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European fintech funding booming but could be set to stall

European fintech funding rebounded from its pandemic lull in the first half of 2021, according to a Finch Capital report which nevertheless warns that the boom could stall again next year.

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Over 100,000 banking jobs to disappear in next five years - Wells Fargo

Analysts at Wells Fargo predict that over 100,000 banking jobs could be displaced by technology over the next five years.

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Visa bids to make digital currencies interoperable

Visa is working on a 'universal payment channel' (UPC) that enables interoperability between different digital currencies such as CBDCs and private stablecoins.

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BIS: CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDCs) developed by the Bank for International Settlements and four central banks has demonstrated the potential of using digital currencies and distributed ledger technology (DLT) for cheaper and safer cross-border payments and settlements.

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Zip enters India with $50 million investment in ZestMoney

Australian buy now, pay later platform Zip has invested $50 million in Indian BNPL firm ZestMoney, amid predictions that the subcontinent will emerge as the largest market in the world for credit-on-tap over the next five years.