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Trend Opportunity Profile Banking and Financial Services (2nd Edition)

  • Report

  • 34 Pages
  • July 2024
  • Region: Global
  • Frost & Sullivan
  • ID: 5739931

Key Transformations Enabling Growth and Innovation to 2030

This trend opportunity profile covers the global aspects of banking and financial services (BFS) and features the upcoming trends that cater to it. The study describes the opportunities for several sectors, such as FMCG, ICT, supply chain and logistics, mobility, healthcare, and security.

The profiles cover specific opportunities emerging from future trend evolutions designed to help clients discover and prioritize the most consequential medium- to long-term trends that are constantly transforming the business growth environment. This set of transformative trends helps speed up the development of digital banking by deploying a blockchain ecosystem for peer-to-peer transactions and smart contracts, AI-enabled asset management, and technologies for identity verification. Innovative business models, such as compliance services and open banking, are being adopted as the future of banking services.

This guides organizations to incorporate these trends by representing exemplary use cases and suggests opportunities from upcoming business models that will enable growth.

Table of Contents

Trend Opportunity Profiles
  • Decentralized Finance (DEFI)
  • Smart Contracts
  • AI-Enhanced Wealth Management
  • Behavioral Biometrics for Fraud Prevention in Financial Services
  • Open Banking
  • Regulatory and Compliance-as-a-Service
  • Scoring Parameters - Disruption Index
  • Scoring Parameters - Growth Index
Growth Opportunity Universe
  • Growth Opportunity 1: Growth Opportunity: Multi-factor Authentication (MFA)