According to a recent estimate, 54% percent of Gen-Zs plan to pursue entrepreneurship, while over 15% of people ages 18-24 have already actively engaged in starting a business in the US. Meaning, banks who hesitate to innovate and provide technology-driven, digital financial services will be overlooked by this next generation.
At FISPAN, our efforts are focused on helping banks provide their corporate clients with seamless, digitized treasury management workflows. Gen Z has high expectations for digital experiences and Financial Institutions need to be ready to meet them on head-on.
The need for easier-to-use digital services has been exacerbated by the pandemic and the rush toward digitization, as the digitally native Gen-Zs gear up to enter the workforce en masse, it remains clear; banks who forgo the integration of innovative, technology-driven, digital financial services will be overlooked by the tech-savvy DIY-ers of this next generation. Hear from our very own Clayton Weir.
Our very own Clayton Weir discusses how adopting Open Banking in the aftermath of COVID-19 can help accelerate North America’s recovery from the economic recession.
FISPAN’s Co-Founder & Product & Strategy Lead Clayton Weir, contributed to a 20022 Labs whitepaper about models for getting value from ISO 20022 in advance of ubiquitous bank/payment network deployment.
Tearsheet interviews JP Morgan’s Jason Tiede and FISPAN’s Lisa Shields on about their partnership that essentially embeds JP Morgan’s payments and treasury functionality into its clients’ ERP environment. This partnership won Tearsheet’s Bank/Fintech Partnership Award for Ecosystems.
Canada’s banking and payments industry faces a radical overhaul with the introduction of open banking and real-time payments over the next few years. This will create opportunities for banks, fintechs, payment service providers, and consumers, Robin Arnfield reports.
The cache of data that banks can access holds endless potential to create valuable new products and experiences for clients. With this progress, however, comes concerns around the ethical use of personal data in banking. But with the right business practices in place, banks can reap the benefits of AI while keeping customers in control of their data and protected from its misuse. Learn from our CEO, Lisa Shields, about how banks adopting AI should establish a framework that protects their customers and validates the decision-making behind their algorithm applications.
Robots are not quite ready to take over our jobs in finance and accounting. But they are increasingly changing how we work and collaborate. This technology can allow teams to accomplish more tasks in a safer, more compliant way. As automation becomes increasingly common in the financial services industry, accountants must learn how to best leverage new tools and services to help their organizations become more tech-savvy and efficient. Hear from our very own Clayton Weir.