Profit from 2020’s fintech surge
The financial services industry has seen a major technology-led transformation over the past few years and the pace of change shows no sign of letting up. In 2020, the evolution is expected to shift from fleet-footed start-ups to the mainstream as more traditional financial and payments companies invest in tech. We think these two companies are best positioned for the transition.
Spending money is very easy – a post-Christmas bank account analysis shows that worryingly clearly. But the simplicity of tapping a small piece of plastic on a machine to buy a spiced ginger cappuccino, or ordering another pair of Christmas pyjamas via Amazon without having to re-submit any bank details, conceals how complicated the global payments industry truly is.
Central banks, high street lenders, consumer goods companies, technology and security experts all co-operate in a headache-inducing pool of partnerships, regulation and acronyms.
Mastercard’s (US: MA) management claim responsibility for simplifying the industry for consumers. It is hard to disagree with them.…
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