FinTech has transformed the way we pay, bank and invest. What’s next?
Jun 6, 2024
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Arjun Kharpal, CNBC's senior tech correspondent, discusses fintech topics like embedded finance, online payments in emerging markets, neobanks vs traditional banks, crypto trading integration, AI in fintech, and a stat of the week at Money 20/20 event.
Embedded finance integrates financial services into non-financial applications for seamless payments.
Developing economies drive fintech progress by providing inclusive financial services tailored to local needs.
Deep dives
Embedded Finance and its Rapid Growth
Embedded finance is revolutionizing financial services by integrating them into non-financial applications like subscription services or online purchases, offering seamless payment experiences. With a market forecast of $228 billion by 2028, this technology is meeting consumer demands for convenient and tech-driven financial solutions.
Emerging Markets Leading Fintech Innovation
Developing economies like Nigeria and India are driving fintech progress, providing inclusive financial services through mobile payments and innovative solutions tailored to local needs. Companies like Flutterwave are enabling international businesses to navigate complex payment processes in emerging markets, highlighting the growth potential and opportunities in these regions.
The Evolution of Challenger Banks and the Rise of AI
Challenger banks like Monzo and Revolut have spurred traditional banks to enhance their tech infrastructure and customer experiences to compete in the evolving financial landscape. The integration of artificial intelligence in financial services is boosting productivity and automating tasks, with a focus on chatbot improvements for better customer service interactions.
Arjun Kharpal, CNBC’s senior tech correspondent, joins Tom Chitty from Money 20/20 in Amsterdam, one of the world’s biggest financial technology events. In this episode of Beyond the Valley, we discuss all things fintech, including:
Embedded finance growing impact on business
Why emerging markets are leaders in online payments innovation
How neobanks like Monzo and Revolut are faring against traditional banks
Why crypto trading is being added to many digital services