E D I T O R ’ S Q U E S T I O N
E D I T O R ’ S Q U E S T I O N
H ere are my top predictions for 2025 :
Real-time payments adoption will increase globally ; a significant portion of consumers will spend only what they have in their bank account and avoid going into debt .
FinTechs and traditional banks will collaborate more to drive innovation . As traditional banks look to increase revenue streams and product offerings without jeopardising security , they will partner with open banking platforms that
provide a high level of security and with access permission from account holders . With the steady increase in open banking adoption , innovators will capitalise on opportunities to create new applications for spending , savings , investments and more .
Consumers will increasingly adopt open banking technology . . . without even knowing it ! They will have increased control of their personal financial data and can grant and revoke access at will ; fraud will be reduced by the same technology that protects merchants from fraud ; and consumers can better manage their cash flow and avoid unnecessary debt without fees , interest or payment plans .
Unbanked and underbanked populations will benefit from FinTechs that leverage mobile banking and a different system of credit , enabling financial inclusion .
Banking-as-a-Service and embedded finance will be integrated into other types of platforms , including entertainment , travel and e-commerce . Additionally , FinTech will grow its partnerships to provide financial services by leveraging APIs . �
ERIC SHOYKHET , CEO OF LINK MONEY
www . intelligentfin . tech
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