What Are the Top Trends for Fintech in 2023?

12/19/22 • 45 min

In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Company, and Jeff Tijssen, Expert Partner and Global Head of Fintech at Bain & Company are joined by Bain & Company partners Karim Ahmad, Michael Smith and Mike Cashman to discuss what they think the hottest trends in Fintech will be in 2023. After a turbulent 2022, what are some of the areas that will drive growth?
Timestamps:

- 3:57: Top 3 Fintech trends for 2023
- 11:00: Things that won't change in the fintech sector
- 13:10: Consolidation & acquisitions: Differences between the UK vs US
- 15:44: Will VCs continue to see B2B as more shielded from volatility than B2C going into next year?
- 18:30: What's investable right now?
- 22:22: The pace of change in the financial services industry
- 23:29: Hotly-anticipated payments infrastructure projects that will be implemented in 2023
- 27:08: Real-time payments in the US & what's happening there vs Europe
- 32:15: How will the crypto space evolve in the future?
- 34:52: What's changed in the world of M&A in fintech
- 38:06: What are some of the trends in 2022, and how adaptable will they be in 2023?
- 42:08: What will Apple do for consumer financial services?

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You can find Adam Davis here
You can find Jeff Tijssen here
You can find Karim Ahmad here
You can find Mike Cashman here
You can find Michael Smith here

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

You can find Adam Davis here
You can find Jeff Tijssen here
You can find Karim Ahmad here
You can find Mike Cashman here
You can find Michael Smith here

Previous Episode

Fight or Flight: What’s in Store for Fintechs in a Changing Rate Environment?

In this special episode of Deciphered, live from Money 20/20 Vegas, Adam Davis, Associate Partner at Bain & Company, and Jeff Tijssen, Expert Partner and Global Head of Fintech at Bain & Company are joined by Laura Spiekerman, Co-Founder of Alloy, and Simon Taylor, Head of Strategy & Content at Sardine, to delve into the effects that macroeconomic trends such as rising inflation and CPI have on fintechs and neobanks, as well as highlight some of the innovations and products that our guests are liking in spite of, or because of, the macroeconomic climate.

Timestamps:

04:40: Fight or flight what's in store for Fintech in a changing rate environment?
09:07: Incumbent revenues - are they sustainable?
12:43: Neobank revenues being impacted by interest rates 15:15: What percentage of challenger banks will be acquired or fail in the next 12 months?
22:40: Internal bank teams procuring Fintech services
26:39: What is exciting considering the macro environment?

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

You can find Adam Davis here
You can find Jeff Tijssen here
You can find Laura Spiekerman here
You can find Simon Taylor here

Next Episode

From Open Banking to Open Finance: What Does the Future State Look Like?

In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Company, and Jeff Tijssen, Expert Partner and Global Head of Fintech at Bain & Company are joined by Charlotte Crosswell OBE, Chair of the Centre for Finance, Innovation and Technology (CFIT), Keith Grose, COO at Sequence, and Alex Johnson, Creator of Fintech Takes to discuss everything Open Finance.

What does the future state of Open Finance look like and how will Open Banking develop in global markets?
Timestamps:

- 00:18: What is the future of Open Banking?
- 02:58: What’s the role of industry associations in the Fintech industry?
- 07:27: Making banks work harder for you?
- 09:13: Why has Open Banking taken so long?
- 12:03: The benefits of Open Banking and Open Finance.
- 14:06: How Open Banking has become a “default” piece of infrastructure for new financial apps.
- 15:38: The challenges of getting the nine largest banks to agree on a common set of standards.
- 17:46: What’s the biggest impact on adoption?
- 18:41: What’s the impact of Open Banking on SMEs?
- 21:51: What is the best iteration of Open Banking around the world?
- 25:47: Why the implementation of Open Banking has been so hard in the UK.
- 27:30: The stage of the country’s maturity of their banking system and what they are trying to open up.
- 29:10: What are the implications of the new proposals for the industry?
- 30:18: What’s the future of Open Finance?
- 37:21: The pace of change is unlike anything that we’ve ever seen before.
- 38:56: What’s going to happen in the banking industry in 10 years.
- 41:26: What are the benefits of using Open Banking?