Fintech Analyst Report - Issue 311

Sarah Mason

26 February 2024

In this week’s newsletter, payments modernisation for banks, buyers and suppliers is explored, as we look at key trends for 2024 and the benefits of ePayables. We then consider how technology solutions can better support the underbanked and why it is time for FIs to evolve their AML strategies. The importance of aligning IT and business strategy in 2024 also features, and we examine the top digital wealth management platforms with the latest Forrester WaveTM report.   

Javelin: Understanding ePayables   
Bringing operational efficiency for buyers and suppliers, ePayables offer flexibility and the potential for better cash flow. This report looks at the potential benefits for banks and enterprises of all sizes.  

Celent: Banks need payment modernisation in 2024 
Technology is the focal point of any payment model, complemented by considerations for people and processes. Implementing a modern payment hub solution will empower banks to streamline processes and enhance automation across various payment types.  

IDC: Technology-driven support for the underbanked 
This IDC PeerScape outlines how FIs are using technology to aid the underbanked. Despite progress with the unbanked, there is still work to be done for underserved individuals who may not fully qualify for, or understand financial solutions designed to help them achieve their financial goals. 

Datos Insights: Evolving AML programmes in 2024  
FIs must adapt AML programmes to navigate a dynamic post-pandemic environment. This involves addressing the challenges of a rapidly digitising world, evolving regulations, and the need for a superior customer experience within tighter budgets and heightened employee expectations. 

Gartner: Core capabilities for digital banks 
Greater sustainable and measurable business value can be achieved from technology investments by aligning current business and technology capabilities. This report outlines the steps needed to deliver a robust optimisation and transformation strategy.  

Gartner: Banking and investment services CIOs’ objectives for 2024 
Banking CIOs aim to boost revenue through digital investments in 2024. To navigate budget constraints and meet AI expectations, shared ownership between IT and business is vital.  

Forrester: Digital wealth management platforms, Q1 2024 (Forrester WaveTM 
This evaluation of 15 digital wealth management platform providers across 26 criteria will aid wealth management technology decision makers in selecting the best fit for their requirements.  

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