Chris Skinner’s Post

Things worth reading: 20th August 2024 - Things we're reading today include ... Must-Follow Bank and Fintech Trends for 2024 and 2025 (thefinancialbrand.com) Commonwealth Bank reveals how much it spends providing cash at branches and ATMS

Among the list of fintech trends to watch in 2024 (thanks, Chris Skinner!), one that stood out to me was Mental Health and Financial Stress Tools: "Tools that help users manage financial anxiety, provide financial counselling, and promote overall well-being are necessary but not widely highlighted". It's almost like banks finally admit that maybe their services cause some anxiety after all! 😁 Financial anxiety is natural, and fintech is stepping up to help manage the numbers and the nerves. Years ago, we tried something similar - a service that improved savings account conditions based on the number of steps a client took daily. Back then, it didn't catch on. Maybe we were ahead of our time. Now, this concept is gaining traction as a promising trend. What do you think? Have you seen this trend emerge in your experience with fintech and banking? Are there innovative solutions you think can address both financial and mental well-being? Let's talk about how WislaCode Solutions can bring such solutions to life. What kind of impact could this have on your fintech projects? Let's brainstorm! #FintechTrends #MentalHealth #FinancialWellbeing #BankingInnovation

As my colleague Brian Ledbetter says, #banking is in its “second era of digitization.” This phrasing helps convey the fact that while banks have undergone seismic #digitaltransformations over the past two decades, there are further shifts on the horizon for the industry as #fintech matures. This article presents a great primer on the state of fintech in 2024, citing research from other McKinsey & Company partners Max Floetotto, Tunde Olanrewaju, Marie-Claude Nadeau, Eckart Windhagen and more: https://lnkd.in/gbuJkR2H 

In sectors like mobile banking and commission-free trading, fintech companies have had a profound on financial incumbents. In other areas, the future of banking and fintech is still being developed. #DesignBanking by By David Jegen and Sarah Lamont via The Financial Brand #Fintech #Banks #payments

In sectors like mobile banking and commission-free trading, fintech companies have had a profound on financial incumbents. In other areas, the future of banking and fintech is still being developed. #DesignBanking by By David Jegen and Sarah Lamont via The Financial Brand #Fintech #Banks #payments

It’s an all-too-common misconception that regulation stifles innovation in fintech. Writing in Retail Banker International, our Head of Sales and Strategic Partnerships Scott Dawson stresses the need for streamlined regulations as well as intuitively designed rules that promote automation and efficiency. Read his thoughts here: https://lnkd.in/e7PPN5Rn #Fintech #Payments #Regulation

Ongoing distrust in banks is holding back the fintech ’revolution’ https://lnkd.in/gSm5qqWB Cointelegraph #FintechRevolution #BankingDistrust #FinancialInnovation #FintechNews #BankingDisruption #FinancialRevolution #DigitalFinance #W3A #Web3 #W3ATech

Fintech Revolution in the Middle East: Key Trends ▸ https://lnkd.in/dNrdaaru #MobileBanking #PaymentSolutions #BlockchainTechnology #FintechRevolution #DigitalFinance #TechTrends #FinancialInnovation #MiddleEast #DigitalPayments

These days, you’re almost more likely to see the inside of a bank branch in an old movie than you are in real life. But take a look at your phone: there are probably at least two money apps on your home screen—maybe more. According to McKinsey research, this is just one sign of a new era in payments. What’s one major development behind this shift? Short word, big concept: fintech.

Is regulation the secret ingredient for innovation in fintech? Scott Dawson explores how red tape has fueled growth and stability in the industry, from open banking to anti-fraud measures. Dive into our article for an insightful perspective on how regulation can enhance fintech innovation. Read more here: https://lnkd.in/eF49YgY7 #Fintech #Regulation #Innovation #Finance