Digital Transformation in Financial Payments

Name: Intetics Inc
Address: 10001 Tamiami Tr N, Ste 114, Naples, FL, 34108, US
Telephone: +1-239-217-49-07

Digital transformation helps to stay on top of technological turmoil

HOT TRENDS
of digitalization
in the Finance & POS Systems 2021+
User-first, omnichannel
approach necessary to reach
customers where and when they
are
Advanced computing such as
quantum computing will help
analyze large unstructured data
sets
Digital collaboration will drive
new ways to work internally and
externally
AI & Automation
will become vital for banks to
remain relevant
Digital & analytics will continue
to transform bank, improve
decision making and customer
experience

Digital Transformation in Finance & POS Systems

1995
- Coca Cola receives credit for first mobile payment transaction in 1997
- Cashback introduced
- Ebay & Amazon founded
2000
- Ecommerce business models emerge
- Direct trading designed with CME Group’s Globex
- Paypal launches in 1998
2005
- Chip and PIN systems introduced and made mandatory in 2006
- Card spending exceeds cash
- Shopify founded
2010
- Contactless payments launch, tied in with proliferation of mobile phones
- Crowdfunding for startups
- Google launches Google Wallet
2015
- Mobile banking becomes no. 1 choice of users vs visiting branches
- Cloud technology brings banks closer to consumers
2020
- Global fintech investment hits $59.5B
- Blockchain use cases grow, as does Bitcoin
2025
- Digital and contactless payments
- Digital-first and cloud native tech will capture consumers
- Headless and easy-to-setup billing for SMBs

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Industries

Energy, Oil & Gas