I’m always interested in trends, and have recently highlighted Fintech trends and technology trends for 2017. In this post, I highlight the Capgemini infographic highlighting 10 payments trends for 2017. As they say, a picture tells a thousand words, and this Capgemini payments trends 2017 infographic nicely highlights the following 10 payments trends:
- Digital Payments are on the increase
- Instant Payments will gain momentum
- Regulation will force bank transformation
- Compliance will drive innovation
- Liquidity management will be impacted by Instant Payments and Compliance (Basel III)
- Cross border payments will be revolutionised by initiatives such as SWIFT GPII, blockchain and Regulation
- Fintech disruption continues
- Open APIs transform payments landscape
- Cybersecurity continues to be a key priority for all stakeholders in the payments process
- Legacy systems or back end (ha!) systems need to be modernised
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