Financial Futures

About

The way we move money is changing. Fast. We want control at the touch of a finger-print. We want to send money in real-time – to the other side of the world. We want everything in one place, integrated, seamless and on our devices. Ubiquitous, embedded, fast, standardized, frictionless and secure. Global finance trends are hurling towards a unanim…

The way we move money is changing. Fast. We want control at the touch of a finger-print. We want to send money in real-time – to the other side of the world. We want everything in one place, integrated, seamless and on our devices. Ubiquitous, embedded, fast, standardized, frictionless and secure. Global finance trends are hurling towards a unanimous conclusion.

These are our Financial Futures.

Each episode, we size up the bleeding edge of fintech innovation and explore the trends that are already transforming the way the world pays, banks and invests across the globe. And the mechanisms we’ll need to prosper in this brave new landscape.

Is the world’s technology up to the challenge? Are we?

Episodes

JUN 10, 2021 The Future of Financial Wellness
A recent study done by the American Psychology Association found that nearly 2 in 3 adults say that money is a significant source of stress in their life. This financial stress is an epidemic issue, affecting both individuals and communities alike. But according to Brian Fey, Senior Director, Digit…
JUN 3, 2021 Your digital transformation is not optional–it’s necessary
So far in this fifth season, we’ve explored the nuances of the digital transformation. We’ve looked at real-time posting trends, changes in commercial banking, and the new digital reality of retail lending. But in this episode, we’re asking why digitize now? Nick Woodcock, Senior Vice President, Gr…
MAY 27, 2021 Retail Lending in a Digital Reality
In a digital era, consumers don’t want to wait too long, no matter what the product. Whether they’re streaming a television show or applying for a retail loan, we expect instant availability. Andrew Beatty, Senior Vice President of Next Generation Banking at FIS, says that financial institutions ne…
MAY 20, 2021 Are banks ready for real-time?
The way we bank has evolved from brick-and-mortar branches to an almost completely digital customer experience. So how will the next generation bank? According to Matt Lessig, Vice President of Next Generation Banking at FIS, real-time banking is the future of how money will move. In season five o…
MAY 13, 2021 The digital transformation of commercial banking
Thanks to digitization efforts, commercial banks have weathered the storm of COVID-19. Contactless payments, mobile deposits, and remote services kept money moving and businesses afloat in 2020. But, according to Brian McCumber, CPA, director of Next Generation Banking at FIS, even as financial ins…
APR 29, 2021 RTP Predictions: what’s next for this innovation?
Digitization of the payment process was inevitable, but the timeline to real-time was expedited in 2020. Now that the future of payments is here, what’s next for instant payments? In the season finale of Financial Futures, Aman Cheema, Senior Vice President Global Real Time Payments, Strategy, and …
APR 27, 2021 Can cross-border payments be made in real time?
Adoption and usage of real-time payments has accelerated during the COVID-19 pandemic, with the volume of real-time payments surging around the globe. In this new era of faster payments, Daniel Mayhew, GM, Real-Time Payments Cross-Border, FIS, says "the digital borderless commerce economy of 2021 d…
APR 15, 2021 The U.S. real time revolution
Real time payments have only been a reality in the United States since 2017. The RTP network was the first new payments scheme in the U.S. in 40 years. But even in its adolescence, RTP in the U.S. has had a demonstrable impact. Financial liquidity is crucial for small businesses, consumers and corp…
APR 8, 2021 Global RTP Trends
Real time payments are not a recent innovation. Japan first introduced the world to instant payments in 1973, with the Zengin System. In comparison, the UK’s first real time payment system went live in 2008, while the EU launched theirs in 2017. Why are there such gaps in this global timeline? In t…
APR 1, 2021 Real-time Payments: A new era of instant?
Over the years, payment methods have evolved from slow to fast, to faster. Wire-transfers improved upon sending money via check, and same-day ACH sped up this process even more. But we’ve now entered the payment era of instant. With real-time payments, money can be sent instantaneously with the cli…
MAR 25, 2021 How To Utilize Big Data
Every day, humans produce 2.5 quintillion bytes of data (that's 2,500,000,000,000,000,000 if you're curious how many zeroes that entails). And a large portion of that isn't the usual emails, tweets, and YouTube uploads - it's data we generate in the background as we go about our lives. It's locatio…
MAR 18, 2021 DEI in Credit Unions
All around the world, the push for equality has accelerated in recent years. People want to see themselves represented in the institutions they patronize, and they want fair treatment and equal opportunities in the workplace. Diversity, equity, and inclusion (DEI) is what businesses, employees, cus…
MAR 11, 2021 P2P Predictions
Peer-to-peer payment platforms aren't a new concept. In fact, we've had the ability to move money through apps as far back as 2008. But the system was fractured and only adopted by individual institutions or small groups. Now the P2P landscape is unrecognizable from what it once was. Zelle has unif…
MAR 4, 2021 Harnessing the Power of AI
AI is inching more and more into our daily lives, and one area it's having a profound impact on is our financial institutions. With its ability to learn from interactions and mimic human behavior, credit unions in particular stand to benefit the most from this rapidly advancing technology. And with…
FEB 25, 2021 Card Payment Evolved
Over the last few years, contactless card payment adoption has skyrocketed thanks to universal concern over hygiene and the need for convenience. As we explore the technology and issues that are shaping the credit union industry, we'll ask Matt Collicoat, VP of Strategy for Cards and Money Movement…
FEB 23, 2021 Beyond Boomers – Our Wisdom Keepers
Last but not least in our series on how the generations shop and pay, we get to know the Beyond Boomers. They’re our “wisdom keepers” who grew up in a time when life and business moved at a slower pace. Beyond Boomers have the lowest rates of digital payment adoption, and for many of them, technolo…
FEB 18, 2021 The Baby Boomers – Raised in Prosperity
Ok Boomers, it’s your turn. Having grown up during a time of rising prosperity, the Baby Boomers value quality, service, and convenience. But this aging generation can be finicky when it comes to online shopping. Whether because of old-school preferences or a little impatience with technology, comp…
FEB 16, 2021 Gen X – Generation Zen
As the first generation whose parents often both held jobs outside the home, members of Generation X are known for having a healthy distrust of authority and for doing things their own way. Gen-Xers tend to be ambivalent about entrusting their money with digital payment technologies, but that doesn…
FEB 11, 2021 Millennials - Coming of age in a digital age
Born between about 1980 and 1996, millennials saw the advent of the internet--unlike Gen Z, who were born after it became a household term. Living online comes naturally to millennials, but they still remember and value older ways of doing things. That means companies have to up their omnichannel m…
FEB 9, 2021 Gen Z - Living In Technology
This season, we’re taking a closer look at each of the five generations alive today and how they like to shop and spend their money. Armed with survey data from 15,000 consumers in 15 countries, experts from FIS will tell us how the way we pay is changing across generations and around the world. Ho…
DEC 15, 2020 Fraud In The Digital Age
As the ways we spend and move our money go ever-more digital, fraud and identity theft have followed not far behind. The technology revolutionizing financial services has created new opportunities for fraudsters to exploit. But it also brings new tools that we can use to protect ourselves--includin…
DEC 1, 2020 The untapped potential of commercial credit cards
Corporate credit cards can be a win-win for companies and their employees. For employees, they’re a convenient and rewarding way to pay for expenses, and for companies, they provide better transparency and control over their spending. So why aren’t more companies using them? While overall commerci…
NOV 17, 2020 P2P is transforming banking as we know it
Apps like Zelle and Venmo have made splitting happy-hour tabs with friends so much easier. But that’s only the tip of the iceberg when it comes to the impact of person-to-person payments, or “P2P.” P2P is not only changing how we move money, it’s radically transforming banking itself. FIS’ Nor…
NOV 3, 2020 Transcending our little pieces of plastic
Cash is quickly disappearing as a form of payment. But what will take its place? Tech wizzes have given us a dizzying variety of devices and apps that make paying for things easier than lifting a finger. We’ve got smartphones, smartwatches, smart speakers. Digital wallets, P2P apps like Venmo,…
OCT 20, 2020 Is COVID the Death of Cash?
In the age of COVID, a lot of us are feeling more squeamish about paper money and the germs that may be hitching a ride on it. All across the world, people are using way less cash. But the pandemic only accelerated a trend that was well underway, with the rise of contactless cards and digital payme…
OCT 16, 2020 Introducing Financial Futures
Introducing Financial Futures, launching October 2020. For more information, visit https://www.fisglobal.com