Digital Financial Trends

As we begin summer, several key trends defined this month. Digital payments continue to gain popularity worldwide. More and more people are using their phones, online apps, and cards over cash everyday. Trends like this continue to reflect a dynamic and evolving landscape because of the constant innovation in this area.

Fintech’s Next Chapter: Scaled Winners and Emerging Disruptors - Boston Consulting Group

Per this report from the Boston Consulting Group, the fintech industry is entering a new chapter that is defined by scaled fintechs, the emergence of new technologies and business models(AI) and a continued focus on profitable growth. The report forecasts five areas on what they believe lies ahead.

Regional Wallets Challenge Global Giants in Digital Payments - PYMNTS

Mobile wallets now are continuing to grow locally and globally. Local wallets are gaining ground and demonstrating how tailored and mobile-first experiences can reshape the global landscape.

Money Has Been Digitized, But It’s Movement Still Faces Digital Road Blocks - Finextra

Briana Marbury in this article discusses how money is largely managed and moved on closed-loop that don’t interact with each other creating limited economic growth for people and countries. In this article, Briana addresses how the “internet of opportunity” could address and solve these issues.

The Future of Global Fintech: From Rapid Expansion to Sustainable Growth - WEF

Fintech firms have evolved rapidly over the last two decades. They were accelerated even more so by Covid-19 pandemic. As the fintech industry transitions from a phase of rapid transition to sustainable growth phase. 

Generation Instant: How Digital Natives will Reshape B2B Payments - The Financial Revolutionist

Gen X and millennials are used to everything happening immediately. As these age groups move into leadership roles, they are expecting their services to match their demands. They expect payments to work as fast and seamlessly as their favorite app.

How Emerging Markets are Rewriting the Future of Finance with AI - WEF

This article discusses how innovation has outpaced inclusion. The catalyst is AI. AI enables markets to bypass infrastructures and redefine what it means to be financially included.

Three Urgent Challenges for Leaders in Financial Inclusion Today - HBR 

Five participants from the HBS Strategic Leadership in Inclusive Finance list their most urgent challenges that their countries are facing today and what they need to achieve success today and in the future.