Payments and Banking 2.0 solutions dominate FinovateEurope 2013. There are some areas where banks’ position is under threat. However, many presentations showcased vendor solutions to support banks in their quest to deliver innovative services.
In the report Financial Technology Innovations: Reporting from FinovateEurope 2013, Celent reviews financial services innovation themes and how they have changed over the last few years based on the companies presenting at FinovateEurope. This report includes an overview of FinovateEurope 2013 and also looks in more detail at key themes in payments, Banking 2.0, and the most interesting solutions presented at the conference.
“Banks should consider their competitive strategies against some of the presenting companies, such as those that target international payments and foreign currency transactions,” says Zilvinas Bareisis, Senior Analyst with Celent’s Banking Group and author of the report. “However, many vendors offer opportunities for banks to partner and embrace their innovations, such as innovative rewards propositions, tools that enable management and control of bank-issued payment credentials, solutions that enable the delivery of the Banking 2.0 experience for banking customers, and open banking platforms.”
This 30-page report contains 11 figures and four tables.
