Embedded finance, Buy Now Pay Later (BNPL) schemes, and incumbent-backed payment ventures are booming over the past year. But what payment innovations will go on to be in demand when life returns to normality?
Survey showed: only 30% of companies succeeded in digital development. The remaining 70% of companies failed at digital transformation and received almost no return on their investments.
According to a survey by IBM Institute of Business Value, 60% of representatives of world banks believe that the boundaries between various industries are gradually blurring. This means that banks have new competitors. Among them are both promising FinTech startups and ecosystems that unite financial and non-financial players.
Lately, at RNDPOINT we noticed that leaders among credit unions have already acknowledged the fact that almost a quarter of their members would prefer to move to alternative financial institutions if credit unions fail to innovate their services. Some of them are making certain steps in partnering with the vendors of credit union software in an attempt to ensure better meeting members’ expectations and needs.