Fintech Analyst Report - Issue 247

Aite-Novarica: Millennials drive change in payments 
With 84% of millennial operated SMBs already using or considering alternatives to traditional banks to manage their finances, this report looks at the current trends seen in SMB payments and what is now expected from their providers.

IDC: The global banking taxonomy for 2022 
This study provides an overview of the business lines and functions within banking that are driving technology spending, revealing the most up-to-date picture of adoption and implementation processes.

Javelin: COVID-19’s impact on credit cards 
Payment preferences have been altered, perhaps permanently, by the pandemic, which has in turn impacted the credit card industry. To maintain customer spending, credit card vendors must now alter their strategies.  

Kapronasia: Why is Indonesia the perfect market for online banking? 
With its favourable regulations, growing market and distributed population, Indonesia is a location where digital banking can thrive. As the market continues to evolve, BigTech and tycoons are directing their investments here.  

Aite-Novarica: The path to payments interoperability 
Viewing payments through a customer-focused lens, this report explores different payments methods and how they meet consumer needs in terms of ubiquity, convenience, security and speed.  

Kapronasia: No rush for a digital yen 
Unlike China, Japan is taking a slow approach to its central bank digital currency. Wanting to develop the digital yen with similar standards to the US and Europe, pilots of its CBDC are not expected until at least 2023.  

IDC: The quantum opportunity  
With quantum technology adoption and maturity accelerating, banks must seek to understand the core benefits around speed, security, and computing power, to get ahead of the game.  

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