The panelists on “What’s Next for Fintech?” underscored a notable rise in the adoption of embedded finance.
They highlighted AI's potential to slash operating costs by a trillion dollars by the end of the decade.
In a panel discussion hosted at the
Finance Magnates London Summit 2023 on “What’s Next for Fintech?” esteemed
leaders from the financial technology (fintech) sector converged to dissect the
evolving landscape of fintech and anticipate its trajectory in 2024. Moderated
by Susanne Chishti, the CEO & Investor at FINTECH Circle, the panelists engaged
in a dynamic exchange of insights, shedding light on pivotal trends and
emerging innovations within the fintech sphere.
The panel comprised influential
figures from diverse realms of fintech, including Karen Zhang, a Fintech Account
Lead for UKI at Google Cloud; Kate Shcheglova-Goldfinch, a Consultant on Fintech
Market for Digital Technologies and Regulatory Platforms Development at EBRD/NBU;
Veronica M Glab, the Head of Partnerships & Investment Lead at Innovate
Finance; John Woods, the Chief Revenue Officer at Zenus Bank; and Stefan Lucas, an Executive at FinTech Trends.
Trends, Innovations, and Strategies for 2024
With an audience eager to glean
insights into the future of fintech, the moderator
articulated the agenda to dissect current trends, identify obstacles to
growth, and delve into the strategic priorities shaping the industry's
trajectory.
The discussion commenced with an
exploration of key fintech trends expected to shape the landscape in 2024.
Zhang underscored the burgeoning significance of generative AI within financial
services, emphasizing its role in enhancing user experience and
personalization.
"One of the trends that I see
that the next piece is around embedded Finance. There is an increase in the use
of embedded finance
and with a lot of my customers, they're seeing this as a massive opportunity,"
Zhang commented.
Shcheglova-Goldfinch highlighted the
pivot towards embracing new technologies from
a regulatory standpoint, emphasizing the shift towards technological neutrality
and fostering open dialogue between regulators and market players. She
commented: "In the UK,
they're arranging Frontier AI task forces and different groups of experts
listening to the market and then understanding what is needed in the regulatory
space."
Glab accentuated the transformative
potential of AI in enabling intelligent decision-making and combating fraud,
while also spotlighting the internationalization of fintech, particularly in
the Asia-Pacific region.
"In the past 5 years, we have
seen that, at least in the top 10 fintech markets for receiving the most
capital into fintech ventures, eight out of 10 would always be the US, followed
by the UK, and then the top seven European countries. That's no longer the
case. We actually see four out of the top 10 markets are now in APAC. So, I
think that's a trend that is going to continue as well," Glab commented.
Lucas added: "AI in the finance
market will be worth $64 billion by 2030, and AI will decrease operating costs
by about a trillion dollars by 2030. So, there's a huge opportunity. My second
point is embedded finance. It's a $63 billion market poised to become a $250
billion market by 2032."
Addressing Obstacles and Embracing
Collaboration
Woods delved into the paradigm shift
catalyzed by open banking, citing its evolution as a global phenomenon with
distinct regional implementations.
Lucas echoed sentiments on AI adoption and
highlighted the burgeoning market for embedded finance, emphasizing
its transformative impact on consumer transactions and e-commerce.
Woods stated: "It's very
accessible and working through the implementation in the UK, but how it's been
adopted internationally is very interesting. In South America, industry has led
the way, creating their own regulations and implementation of it. In North America,
it's a bit of a bung fight; no one quite knows who's leading and is kind of
waiting to see which way it flows. Asia has its own approach
to it as well."
The Role of Visionary Leadership
In discussions about leadership amidst
uncertainty, panelists underscored the importance of traits, such as diversity,
adaptability, resilience, and authenticity. Leaders were encouraged to foster
open communication, collaboration, and transparency within their teams,
empowering them to navigate challenges and seize opportunities.
The panel concluded with a call to
action for leaders to embrace change and engage in honest conversations,
reflecting a collective optimism about the future of fintech and the pivotal
role of visionary leadership in driving sustainable growth and innovation.
Participate in Our Fraud Survey: Your Opinion Matters!
We invite you to participate in our joint survey conducted
by FXStreet and Finance Magnates Group, which explores prevalent online
financial fraud types, platforms used for fraudulent activities, effectiveness
of countermeasures, and challenges faced by companies in tackling such fraud.
Your valuable insights will help inform future strategies and resource
allocation in combating financial fraud.
In a panel discussion hosted at the
Finance Magnates London Summit 2023 on “What’s Next for Fintech?” esteemed
leaders from the financial technology (fintech) sector converged to dissect the
evolving landscape of fintech and anticipate its trajectory in 2024. Moderated
by Susanne Chishti, the CEO & Investor at FINTECH Circle, the panelists engaged
in a dynamic exchange of insights, shedding light on pivotal trends and
emerging innovations within the fintech sphere.
The panel comprised influential
figures from diverse realms of fintech, including Karen Zhang, a Fintech Account
Lead for UKI at Google Cloud; Kate Shcheglova-Goldfinch, a Consultant on Fintech
Market for Digital Technologies and Regulatory Platforms Development at EBRD/NBU;
Veronica M Glab, the Head of Partnerships & Investment Lead at Innovate
Finance; John Woods, the Chief Revenue Officer at Zenus Bank; and Stefan Lucas, an Executive at FinTech Trends.
Trends, Innovations, and Strategies for 2024
With an audience eager to glean
insights into the future of fintech, the moderator
articulated the agenda to dissect current trends, identify obstacles to
growth, and delve into the strategic priorities shaping the industry's
trajectory.
The discussion commenced with an
exploration of key fintech trends expected to shape the landscape in 2024.
Zhang underscored the burgeoning significance of generative AI within financial
services, emphasizing its role in enhancing user experience and
personalization.
"One of the trends that I see
that the next piece is around embedded Finance. There is an increase in the use
of embedded finance
and with a lot of my customers, they're seeing this as a massive opportunity,"
Zhang commented.
Shcheglova-Goldfinch highlighted the
pivot towards embracing new technologies from
a regulatory standpoint, emphasizing the shift towards technological neutrality
and fostering open dialogue between regulators and market players. She
commented: "In the UK,
they're arranging Frontier AI task forces and different groups of experts
listening to the market and then understanding what is needed in the regulatory
space."
Glab accentuated the transformative
potential of AI in enabling intelligent decision-making and combating fraud,
while also spotlighting the internationalization of fintech, particularly in
the Asia-Pacific region.
"In the past 5 years, we have
seen that, at least in the top 10 fintech markets for receiving the most
capital into fintech ventures, eight out of 10 would always be the US, followed
by the UK, and then the top seven European countries. That's no longer the
case. We actually see four out of the top 10 markets are now in APAC. So, I
think that's a trend that is going to continue as well," Glab commented.
Lucas added: "AI in the finance
market will be worth $64 billion by 2030, and AI will decrease operating costs
by about a trillion dollars by 2030. So, there's a huge opportunity. My second
point is embedded finance. It's a $63 billion market poised to become a $250
billion market by 2032."
Addressing Obstacles and Embracing
Collaboration
Woods delved into the paradigm shift
catalyzed by open banking, citing its evolution as a global phenomenon with
distinct regional implementations.
Lucas echoed sentiments on AI adoption and
highlighted the burgeoning market for embedded finance, emphasizing
its transformative impact on consumer transactions and e-commerce.
Woods stated: "It's very
accessible and working through the implementation in the UK, but how it's been
adopted internationally is very interesting. In South America, industry has led
the way, creating their own regulations and implementation of it. In North America,
it's a bit of a bung fight; no one quite knows who's leading and is kind of
waiting to see which way it flows. Asia has its own approach
to it as well."
The Role of Visionary Leadership
In discussions about leadership amidst
uncertainty, panelists underscored the importance of traits, such as diversity,
adaptability, resilience, and authenticity. Leaders were encouraged to foster
open communication, collaboration, and transparency within their teams,
empowering them to navigate challenges and seize opportunities.
The panel concluded with a call to
action for leaders to embrace change and engage in honest conversations,
reflecting a collective optimism about the future of fintech and the pivotal
role of visionary leadership in driving sustainable growth and innovation.
Participate in Our Fraud Survey: Your Opinion Matters!
We invite you to participate in our joint survey conducted
by FXStreet and Finance Magnates Group, which explores prevalent online
financial fraud types, platforms used for fraudulent activities, effectiveness
of countermeasures, and challenges faced by companies in tackling such fraud.
Your valuable insights will help inform future strategies and resource
allocation in combating financial fraud.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!