Commercial banking top trends in 2023
The world of commercial banking faces uncertainty today. As a result, it is difficult to make confident decisions about the medium-to-long term. However, Accenture believes commercial banks have an op...
Payments Innovation
Payments Trends
Digital Payments
Open Banking
BNPL
Payments Research
Sibos
ISO 20022
APIs
Payments Trends
Digital Payments
Open Banking
BNPL
Payments Research
Sibos
ISO 20022
APIs
Latest Future of Payments blogs
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BNPL regulation and its potential impact on UK banks
In February 2023, the UK government released a consultation on draft legislation for Buy-Now Pay-Later (BNPL) services, ...
1090 Views
Americans value trust above all in payment options
There’s a lot of buzz about next-gen payments rails globally, but where does North America stand when it comes to ...
1276 Views
Sibos 2022: Payments players partner for success
It’s been a busy conference season, and one of my highlights was attending Sibos in Amsterdam, where more than 10,000 ...
6345 Views
5 ways ISO 20022 could rewrite the future of payments
ISO 20022 is probably the biggest payments change of the last 30 years—if not more. It’s also no longer news. The ...
1314 Views
The curious case of payments fintech frenemies
There’s no denying that the fintech space is a major source of disruptive new ideas in payments. It’s why we keep a ...
1632 Views
How to get it right: Open Banking payment errors
The shift to digital services has accelerated since 2020, improving the potential of Open Banking payments to become a ...
4716 Views
Why money in the metaverse is a huge opportunity for banks
You can divide the history of money into five epochs, with each creating a new paradigm for the exchange of value. We ...
2251 Views
3 powerful ways to craft payments value propositions
Sustained disruption is reshaping the payments industry. Developments like new technologies, shifting consumer ...
2322 Views
Will UK expand Open Banking payments using new VRP?
Variable recurring payment (VRP) is the latest development in UK Open Banking. It offers an innovative way to initiate ...
2592 Views
4 strong ideas from the payments disruptor playbook
If there’s one thing the payments industry has learned to expect over the last decade, it’s the unexpected. Even before ...
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Fueling payments growth with new value propositions
New Accenture research highlights how payments leaders outgrow the competition in the face of disruption and evolving customer needs.
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Disruption and opportunity in digital payments
Breaking barriers: Exploring how banks scale generative AI for growth
Disclaimer: ChatGPT did not write our post, but we did ask it for title suggestions and picked our favorite one. Thanks, generative AI! We’re at an inflection point. Every day, we see how artificial i...
The ultimate guide to product innovation in banking
The pace of change is not slowing down. Customers’ expectations have radically changed, and they expect much more from their banking products and services than ever before. To maintain relevance, bank...
5 ways ISO 20022 could rewrite the future of payments
ISO 20022 is probably the biggest payments change of the last 30 years—if not more. It’s also no longer news. The industry has known for years that it’s coming. In fact, some institutions began thei...
Big banks need to embrace embedded finance – and fast
A recent Accenture survey found that embedded finance offerings to small and medium-sized enterprises could increase global bank revenues by as much as US$92 billion by 2025. Embedded finance offers b...
Why banks should look beyond advice for growth
Banks face a trust paradox. While customers trust banks with their money, only 19% of them say they are interested in receiving advice from a bank. And the more digital banks become, the less connecte...
Four strategies for consumer payments growth in 2023
The COVID-19 pandemic increased the tempo of change in consumer behaviors and expectations. Payments, characteristically, is at the forefront of the change. In “Payments Gets Personal—Strategies to St...
BNPL: Strategies for banks to get it right
As consumers experience economic turbulence due to inflation and rising interest rates, they want to be able to pay anywhere, anytime, anyhow. For banks to stay ahead of an increasingly complex paymen...
Commercial banks must now focus on fundamentals
Having pulled through the Covid pandemic, the unravelling of international supply chains and a global energy crunch, commercial banks must now grapple with a spike in interest rates and the collapse o...
What’s next for payments? 5 takeaways from Sibos
The payments industry has undergone unprecedented transformation in recent times given the global pandemic, geopolitical shifts, recalibration of supply chains, accelerating digitalization and signifi...
