DIGITAL BANKING
77 %
The forecast rise in digital wallet transactions from 2023 to 2028 ( Juniper Research )
1,556 Number of US bank branches for which closure notices were filed in 2023 ( OCC )
70 % Proportion of UK bank account holders who used mobile banking in Q3 2023 ( Statista )
saving goals or reminders to pay bills throughout the month . And , as the demand for enhanced personalisation grows , the wider industry is taking note of the innovations within mobile banking .”
A world of exciting opportunities This theme of tailoring financial services is also raised by Michael Wallis-Brown , VP and Global Head of Mobile Financial
Services at Ericsson , who has more than 15 years of experience under his belt across fintech , mobile banking payments and consumer mobile applications .
Wallis-Brown is particularly enthusiastic about the integration of open APIs within interconnected ecosystems , an innovation “ driving remarkable growth in mobile money ”.
He adds : “ This evolution in embedded finance promises a seamless banking experience for customers , offering tailored financial services through a single platform .
“ Moreover , it presents an exciting opportunity for non-financial merchants to integrate advanced financial solutions , leading to new revenue streams .”
Operating on the same wavelength is Brandon Till , Director of Business Solutions at Soldo , one of Europe ’ s fastest-growing fintech firms .
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