02 March 2023
In this week’s newsletter, we explore why omnichannel approaches are winning through in retail payments, the next wave of cloud adoption and how far along insurers are in the AI adoption journey. Meanwhile, banks have dominated the cross-border payments market in Asia-Pacific, but fintechs are making significant inroads in the region, capitalising on the favourable macroeconomic environment. CFOs see tech investment as a critical move to drive profitability growth this year, while UK banks are also investing in digitalisation and ESG.
IDC: The growing importance of omnichannel payments in retail
IDC explores the key takeaways from the National Retail Federation’s annual event (NRF 2023) on payments transformation in retail, with both payment and point-of-sale vendors unveiling new initiatives, partnerships, and integrations to meet customer demands for new payment types.
McKinsey & Co: Are insurers in EMEA benefitting from advanced analytics?
Although EMEA's insurers have made progress in integrating AI into their organisations, it is imperative that they ensure their entire organisation is adapting to ensure they see value from their investment.
IDC: Adding control with cloud economics, efficiency and sustainability
In the last “cloud-first” decade, speed of adoption and scale were front-of-mind considerations, but this decade will be shaped by creating control through cloud economics, efficiency and sustainability.
Kapronasia: Fintechs lead B2B cross-border payments growth
While large banks have traditionally dominated cross-border payments in Asia-Pacific, fintechs are starting to gain ground, helped by the pandemic-dirven transition to digital payments.
Gartner: CFOs reallocate budgets to drive profitable growth in 2023
CFOs are reallocating budgets to drive profitable growth in 2023, increasing spend on technology and employee compensation while decreasing spend on facilities and contractors.
Celent: Top UK banks prioritise ESG and digitalisation in 2023
The top four UK banks have released their 2022 results, with a strong focus on ESG issues and digital transformation. Banks are committing to sustainable financing and inclusivity while investing in digitalisation, driving technology priorities for 2023.
Greenwich Associates: TCA adoption driven by data and technology in fixed-income
Transaction cost analysis adoption (TCA) in fixed-income investment workflows is driven by data availability and confidence in results, with some professionals held back by data and tool limitations. Yet, TCA is becoming a must-have feature.
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