How fintech will shape payments and trading in 2017
by Kylene Casanova
2016 has been another year of volatility for FX markets, which have been subject to political shocks such as Brexit and Trump, as well as embracing developments in payments technology while addressing the threat of serious cybersecurity breaches. So how will fintech shape the year ahead for participants in the payments and FX trading space? This article in FX-MM gathers opinions from a range of participants and analysts. “Emerging market FX will become more accessible and as a result volumes are likely to increase. The new US president will undoubtedly cause volatility in the dollar and this will most likely impact emerging market currencies – we have already seen significant volatility in USD/MXN with an 11% move on election night and we could see similar volatility again as an unknown quantity becomes the biggest tweeter in Washington,” says R5 CEO Jon Vollemaere.
“Industry wide, the attention on preparing for PSD2 implementation and compliance has meant an education process has had to take place across traditional banks and alternative financial service providers,” says David Poole, business development director at MyPinPad.
Read more in the full article, here.
CTMfile take: With input from market players such as R5, SmartStream, Clarient, Earthport, MyPinPad, VST Enterprises and Kantox, as well as with reference to research by Greenwich Associates, Finextra, McKinsey and Thomson Reuters, this is a broad and useful review of the year ahead for fintech in payments, trading and data management.
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