07 December 2022
This week we look at predictions for the wealth management industry in 2023, with more turbulent markets tipped to bring a return to advice-led servicing. Meanwhile, while fintech funding is down, the drivers for innovation in key areas such as payments remain – though a question mark lingers over the future of crypto post-FTX’s collapse. We also examine the complicated relationship between Buy-Now-Pay-Later providers and credit bureaus and consumers’ growing preference for digital payments over traditional methods.
Forrester: Professional guidance is back in vogue for wealth management firms
In 2023, clients will increasingly look for professional guidance and advice to navigate turbulent markets. Millennials and gen-z investors who favour zero-commission trading apps will need help salvaging the losses they have incurred.
Javelin: What will 2023 bring for wealth management?
Technology has radically changed the way investors expect to interact with their wealth. Meanwhile, there is increasing demand for access to private-capital markets, as well as to non-securities vehicles such as cryptocurrencies and structured products.
Aite-Novarica: Fintech is at a critical inflection point
While recent events in the technology space have led people to believe that securing fintech investment is more challenging, the drivers of fintech have not changed. Areas such as payments, lending, cash management, customer experience and trade finance have seen continued growth in recent years.
Javelin: Next steps for crypto post-FTX
With the collapse of the crypto exchange FTX, the crypto industry has received yet another black eye. But this may be the opportunity for the market to eliminate much of the fraud and opportunism that has clung to it for far too long.
Mercator: An overview of BNPL providers
In the Buy-Now-Pay-Later (BNPL) space, methods of credit scoring and reporting to the credit bureaus are fragmented and cloudy. This research looks at the methods of the major BNPL providers.
Omdia: IT Enterprise Insights: Payments – 2023
This report presents the key findings of Omdia’s IT Enterprise Insights 2022/23 program for the payments industry, based on interviews with more than 6,400 senior IT executives.
Mercator: Customers favour digital payment methods
Research at PCI Pal has revealed that customers prefer digital payment options over more traditional channels. 70% of the participants said they used these methods frequently when making online purchases.
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