For most economies, 2023 was a trying year, but banks profited from high rates. What does 2024 have in store for global banking? With rates having likely peaked, banks will face higher funding costs. Factors such as slower economic growth, stricter regulations and growing geopolitical tensions will also weigh on banks in the coming months.
2023 was a dynamic year for banks on the technology front, and 2024 is shaping up to advance top trends such as fintech-and-bank AI collaboration, sustainable finance, digital currencies, biometric payments and the quantum-computing advantage. Exploiting these innovations fully will be crucial for the sector to retain its market share.
Temenos Payments Hub becomes first payments solution to be available on IBM Cloud for Financial ServicesTORONTO, Sept. 20, 2023 Temenos today announced that Temenos Payments Hub has become the.
Casting an eye over the financial industry’s 2023 landscape, the need for banks to increase their investments in deeper modernisation comes into view. Three areas at the top of their agendas should be accelerating fintech partnerships and ecosystem expansion, strengthening cyber-security defences and driving progress towards ESG goals.