List of Fintech conferences in 2024
If you’re interested in expanding your understanding of the Fintech industry, consider attending some of the most anticipated events in 2024.
Join us at ViVE 2024! From February 25-28 we'll be at the industry’s leading healthcare conference.
Don’t miss our talk on designing & building UX-centric healthcare software on February 27 at 2.45 p.m.
An overview of the key financial services and fintech trends as seen by Qubika’s industry experts.
For Chief Information Officers and Chief Technology Officers in the fintech and financial services industry, 2024 presents a unique set of challenges and opportunities.
Here’s a summary of some of the key trends that we see reshaping our industry.
The evolving relationship between banks and fintechs calls for a reevaluation of our technological frameworks. This includes adopting a microservices architecture to facilitate better integration with fintech platforms, enhancing API capabilities for smoother data exchange, and employing containerization for increased scalability and efficiency. We’re seeing how strategic partnerships are already focusing more on co-developing solutions that leverage the strengths of both traditional banks and fintech innovation.
Over the past few years we’ve seen the rapid maturation of BaaS value propositions – starting initially from quite basic white label credit cards and other products, to today, much more customized products to meet specific needs of specific target groups (such as point-of-sale loans at retailers). Importantly, this paradigm shift is not just about technological infrastructure but also about strategic partnerships and rethinking the role of traditional banks and financial services in the digital economy.
As fintechs deploy AI and machine learning models in financial services, it’s necessary for both technical and business leadership to evaluate ethical considerations and bias mitigation. Developing transparent and explainable AI systems will become ever more key to maintaining trust – avoiding both so-called “black box” problems as well as hallucinations associated with Generative AI. Meanwhile, leveraging big data analytics for sustainable financing can help in identifying and investing in environmentally friendly initiatives, enabling financial services organizations to align with global ESG (environmental, social, and governance) standards.
The focus here is on advanced threat detection systems, employing AI and machine learning for real-time threat analysis, and building resilient cybersecurity architectures. According to research by the Ponemon Institute, the global average cost of a data breach in 2023 was $4.45 million, a 15% increase over 3 years. CIOs and CTOs are already realizing that they need to foster a culture of cybersecurity awareness throughout the organization and ensure compliance with evolving global data protection regulations.
As we navigate through 2024, these trends underscore the need for strategic foresight and technological agility. The role of CIOs and CTOs will be pivotal in steering fintech and financial services organizations through these evolving dynamics, ensuring that technological advancements align with business goals and industry standards.
To learn more about Qubika’s dedicated services for fintechs and financial services organizations, click here.
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