Gareth Elsmore’s Post

2024 has already been a defining year for fintech, driven by strong regulatory evolutions and a heightened focus on cybersecurity. As regulations tighten, they're catalysts that compel firms to innovate more strategically. This environment demands that businesses integrate compliance into their core operations, turning potential constraints into drivers of advancement. In cybersecurity, the stakes are higher than ever. Protecting customer data and transaction integrity is paramount, and we need to ensure continuity and trust in an increasingly digital financial world. And of course, artificial intelligence is at the epicenter of transformation in financial services. It’s enhancing how transactions are handled, making them more secure and personalised at an unprecedented pace. AI is becoming the backbone of fintech innovation, crucial for those looking to lead rather than follow. #AI #Innovation #FinancialServices

Fintech disruptors are reshaping finance for tech-savvy Gen Z consumers. Here’s why it matters: 🔹 Streamlined User Experience: Fintech firms excel with intuitive interfaces and seamless transactions. 🔹 Robust Security Measures: Advanced cybersecurity protocols ensure peace of mind for digital natives. 🔹 Cutting-Edge Innovation: Embracing AI and machine learning to automate and elevate service standards. #Fintech #GenZ #Innovation #UserExperience #DigitalBanking #MobilePayments #Cybersecurity #AI #MachineLearning #FutureOfFinance #TechSavvy #DigitalTransformation #FinancialServices #Growth #CustomerExperience #TechInnovation #FinancialTech #DigitalSolutions #FintechGrowth #TechTrends #FintechNews https://lnkd.in/g5Hmyi7Y

On National FinTech Day 2024, The top trends that will shape the #FinTech sector in the coming decade. India has become a global FinTech powerhouse, with the market expected to exceed USD 1 trillion by 2030. The key trends include the rise of virtual cards, the surge in biometric in-store payments, the disruption caused by embedded finance, the growth in cross-border payments, and the use of generative AI to personalize spending insights. Virtual cards, digital versions of physical bank cards, are gaining popularity due to the growth of digital payments, e-commerce, and mobile wallets. They offer security, convenience, and control, and are supported by major banks and fintech firms. Biometric in-store payments are expected to increase, leveraging technologies like fingerprint recognition, facial recognition, and voice recognition to enhance security and speed up transactions. These payments are driven by the demand for secure and convenient methods, the proliferation of smartphones with biometric sensors, and the use of wearable devices. Embedded finance is disrupting the traditional FinTech model by integrating financial services into non-financial products and services. This includes embedded banking, lending, insurance, and payments, making financial transactions more seamless and accessible. Cross-border payments are set to rise, facilitated by linkages like UPI-PayNow and India's promotion of its digital infrastructure abroad. This will enable faster and more cost-efficient remittances, driven by international trade, e-commerce, remittances from Indians working abroad, and digitalization. Generative AI is revolutionizing financial services by offering personalized spending insights. It analyzes transaction data, identifies spending habits, and provides customized recommendations, helping users make informed financial decisions and achieve their goals. These trends are expected to transform the FinTech sector, making financial services more accessible, secure, and personalized for consumers and businesses alike. #fintech #fintechinnovation #banking #chatbot #ai #upi #bank #genai #payment https://lnkd.in/gc-dS8Aq

Discover the Future of Finance: How AI is Revolutionizing Fintech in Australia! From robo-advisors to AI-powered security systems, discover how technology is reshaping banking and investments. Ready to embrace the future? Dive in now: https://lnkd.in/gvkMu4Wc #AI #Fintech #Australia #Innovation #futureof #CopperDigital

The fintech landscape is evolving more rapidly than ever. Payment digitization and AI are leading the charge toward a more efficient, secure, and inclusive financial ecosystem. Innovations in AI are not just futuristic concepts but are present realities, driving personalization and enhancing fraud detection in real-time. The bridge between technology and finance has never been more crucial, especially in the domain of secure, cross-border payments. Dive into the future of fintech: #Fintech #FutureOfFinance  

🌟 The Future of Fintech is Here! 🌟 🚀 Discover how fintech is revolutionizing payment systems worldwide and shaping the future of finance. From AI-powered assistants to Decentralized Finance (DeFi), here's what's on the horizon: 🔹 Embedded APIs & AI assistants 🔹 Decentralized Finance (DeFi) 🔹 Convergent Cyber Security teams 🔹 ESG metrics & Sustainable Development 🔹 Customer Centricity & Frictionless Services Follow-us on X @ https://lnkd.in/eXwhucA6 PS: Currently, our website is being upgraded, and we're adding original content. #Fintech #AI #FutureOfFintech #USFintechNews #EuropeFintechNews #InnovationStreets

Our interest was piqued by this article published in The Independent. As many of you know, we are building AI-powered strategies that help you invest into the stock market in a way that optimises your returns while controlling your risk. The UK FinTech sector stands at a pivotal moment. By leveraging technological advancements and adapting to regulatory changes, it can continue to thrive. The UK’s commitment to enhancing cybersecurity, meeting evolving consumer expectations, and fostering innovation through supportive government initiatives, such as the Kalifa Review of UK FinTech and the listing reform (for UK capital markets), will be key to sustaining growth globally. We are of the opinion that innovation will effectively maintain the UK's position as a global FinTech leader. That’s why we’re building what we’re building! The article is worth a read and covers the following: 1. Challenges like Covid-19 and Brexit have actually accelerated fintech innovation, especially in terms of a digital-first approach. 2. Consumer trust is on the rise for fintech brands, who are developing comprehensive solutions and integrating advanced technologies for enhanced cybersecurity. 3. Despite the additional regulatory complexities and costs introduced by Brexit, UK government funds, including public funding and investments schemes, are thriving and adequately supporting the sector’s growth. We take heart from this analysis. Have a read and let us know if you agree. #innovation #technology #fintech https://lnkd.in/eSpqcdHJ

Foundational Fintech: Why the E-ID Market Has Growth Potential Payment fraud is already costing businesses $38 billion per year globally and that figure is set to rise significantly as criminals harness the potential of #AI https://buff.ly/48XxzuE #FinTech #FinServ #Banking #DigitalIdentity

The financial services landscape is evolving rapidly, influenced by technological innovations and new regulations as outlined in our latest quarterly report. Here are some highlights: - Funding hit $6.2 billion in Q2 2024, up 90% YoY. With three straight quarters of growth - Incumbents are booming with a 72% rise in partnerships QoQ, led by Mastercard Our report details the shifts from regulatory changes to technology advancements and investment trends, providing a comprehensive view of the future of financial services. Access all the details here! https://lnkd.in/gcnrJWe5 #FinTech #BNPL #AI #FinancialServices #Innovation #Regulation #DigitalAssets #Technology #QuarterlyReview

The Unstoppable Rise of Fintech: Innovations Shaping Our Financial Future When looking at the year 2024 from the perspective of financial technology, multiple advancements are on the horizon that could radically change the way in which we handle our money. Some of these skills include generative AI, the enhanced open banking among others, they hold the promise and risks that have the potential to influence the direction of development in the industry. Here’s a brief look into what’s shaping the future of finance: Here’s a brief look into what’s shaping the future of finance: 🔍 Generative AI: Revolutionizing Personal Finance: Generative AI is transforming the financial industry and enhancing customers’ experience while improving organizational performance. Not only does this technology provide detailed information about consumer habits and spending but also provides personal financial planning thus minimizing operational expenses greatly. 🌐 Open Banking: Powering Seamless Financial Services: The evolving model of open banking is experiencing explosive growth, thanks to APIs that ensure data exchange between institutions and third-party partners. This shift is not merely applicable to technology but to consumer confidence as well as regulations in place to make sure data is being shared appropriately. 🌿 Sustainability in Fintech: The role of sustainability in the development of financial technologies. It is now possible for institutions and consumers to monitor and mitigate environmental effects through the use of Fintech solutions in order to connect financial activities with sustainable development goals. 💡 Decentralized Finance (DeFi): DeFi is an application of blockchain that transmits finance to the people removing the middleman. With the development of this sector, there is a need to have proper regulations to support the safe expansion of this sector. 🔐 Cybersecurity: Fortifying Financial Defenses: Fortress With the growing use of technology in the delivery of financial services, security has emerged as a key consideration. Lenders increasingly pour money into complex security systems, which not only shield information from prying eyes but also reassure customers. While adjusting to these changes, the part played by financial specialists is more critical than ever. Implementing these trends means not only adopting new technologies but also using them in an appropriate manner. 💬 What do you think are the key challenges and opportunities that these fintech innovations will bring? Let's discuss how we can harness these technologies for a more efficient and secure financial future. #Fintech #Finance #Innovation #Sustainability #Cybersecurity #OpenBanking #AI