Top Five FinTech Rising Articles 2023

Republished By Plato

Followers: 0

These are the top five articles our readers opened in email this year. Emerging payments articles topped the list, with digital assets holding their own.

It is, however, important to keep in mind that many of the decisions on what makes a year-end list were made months ago. We did, for instance, write as much about WealthTech this year, and we chose to cover digital assets from the perspective of money and asset utilities, rather than cryptocurrency investments. That said, here’s what you read.

1 Planning Adoption of the Emerging Technologies Changing U.S. Payments Services
Traditional payment systems that require days-long transaction settlement, high retailer fees, and operational inefficiencies are getting a technology makeover. Led by enabling technologies like artificial intelligence and machine learning, banking, and payments services are expected to serve consumers with less friction while posing very real operational and security challenges.

2 Harnessing the Power of Digital Marketplaces
In this post, we defined embedded finance and open banking while putting them in the context of ecommerce marketplaces. The article shows how treasury departments can align with digital services teams to enable FinTechs to stay ahead of the curve, drive innovation, and solidify their position in the digital financial ecosystem.

3 Digital Assets: Today’s Landscape, Tomorrow’s Potential
Today, the term digital assets doesn’t simply refer to highly speculative cryptocurrencies or NFTs—the ecosystem has expanded dramatically to encapsulate a much wider range of purposes and services. As 2023 unfolds, it’s this wider range of facets that may prove the key to the future of finance, including central bank digital currencies (CBDCs), tokenized real-world assets, and stablecoins.

4 FedNow Launches
After nearly four years of development, this initiative will establish the regulator’s first nationwide network for instant payments, a feature already present in other countries and a major U.S. processor. The launch date comes as the adoption of faster payments increases in the United States

5 Faster Payments for Faster Times
Our executive technology brief explores the transformative power of instant payments that is reshaping the payments landscape.

My favorites didn’t make the list. Toward Connected Finance, my attempt at pulling embedded finance, open banking, and open finance into a single term, came in at a close #6. Farther down the list was Dedollarization: A Yuan Tale, which sorted out the myths and realities of the U.S. dollar losing its reserve-currency status, a topic of interest early in the year.