Fintech Analyst Report - Issue 313

McKinsey & Co: Retaining corporate deposits amid high interest rates   
Banks face challenges retaining corporate deposits due to high interest rates. Enhancing transaction banking services like payment processing and cash flow optimisation can help attract and retain deposits from small businesses and large corporations. 

IDC: Boosting embedded finance 
Market players are teaming up to offer embedded finance services, spurred on by the new EU Payment Services Directive (PSD3). Such initiatives are being encouraged with a view to enhancing customer experiences and strengthening the competitive position of the European payment industry.  

Celent: Are banks ready for FedWire’s ISO 20022 migration? 
Evidence suggests that many banks are either not prepared for the move or are also in denial about the size of the task that lies ahead. Although the go live deadline may be March 10 2025, there is no plan B and banks must start preparing now.  

Kapronasia: How Asian fintech is shaping finance's future 
Fintech’s global impact is evident, with Asia standing out as a hotspot for its transformative fusion of finance and technology. This report delves into pivotal fintech trends shaping Asia’s fintech landscape. 

Coalition Greenwich: Research shows rise in regional and large local banks in Asia 
Compared to five years ago, only 1 in 5 large Asian corporations named local Asian banks as their corporate banking provider. This figure has now increased to 25% showing a clear rise in popularity of local regional banks.  

IDC: Multicloud strategies in financial services 
This analysis explores the convergence of cloud resource optimisation and evolving regulations concerning data residency, localisation, and sovereignty.  

Global Data: The finance sector's journey to net zero  
Finance faces hurdles in achieving net zero emissions by 2050. This involves cutting greenhouse gas emissions from heating, vehicles, and energy purchases, with strategies like green renovations and renewable energy adoption.  

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