The report emphasizes that innovation for the sake of innovation is no longer a viable strategy in the fintech industry. Instead, fintech vendors must focus on practical solutions that address specific needs and offer genuine progress on key pain points. Cost reduction and prioritization are also crucial factors for success in the current economic climate.
The report identifies ten trends that are expected to have a significant impact on the industry in 2024. The top five trends include:
- A2A Payments
- Central Bank Digital Currency (CBDC)
- Generative AI in banking
- Digital identity
- AI in anti-money laundering (AML)
Overall, the report provides valuable insights into the dynamic landscape of the fintech and payments industry, highlighting the trends that are expected to shape the market in 2024 and offering guidance for industry stakeholders to navigate these changes effectively.
This article was compiled by Admin CTO Vietnam Network.
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