Fintech's 2024 Voyage - Issue #449 January 4th, 2024

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In this edition of FinTech Weekly, we embark on a journey into 2024, a year poised to be a watershed moment in the fintech realm. The industry stands on the brink of significant transformation, fueled by a blend of emerging technologies and evolving market dynamics. From the integration of AI in banking to the rapid growth of digital currencies, the forthcoming year promises not only to redefine our financial interactions but also to revolutionize the very essence of financial services.

The pulse of innovation beats stronger than ever, with emerging markets taking the lead in adopting and adapting fintech solutions for a broader, more inclusive audience. We are witnessing an exciting era where traditional financial paradigms are being challenged and reimagined, paving the way for a future where finance is more accessible, efficient, and in tune with the digital era.

Join us in this captivating voyage through fintech's 2024 horizons, where every innovation marks a step towards a more empowered financial ecosystem.

This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition!

Top Stories

    In 2024, technology and finance jobs are set to lead the job market, as revealed by the Ministry of Manpower's latest data. Key positions in demand include business development managers, software developers, network and multimedia developers, and system analysts. The information and communication technology sector shows high vacancy rates for data scientists and multimedia developers, while the financial services sector is increasingly seeking financial and investment consultants, budget managers, and accounting directors. The persistent need for software and web developers, industrial engineers, and systems analysts also stands out, alongside roles like commercial and sales executives and pre-school teachers.

Top Events

    Impact Investing Conference 2024 in London is the Impact Investing World Forum (IIWF) 2024 as one of leading social impact investment events for ESG Funds, UN SDGs, Investor and sustainable investing in UK Europe Oxford University. The event brings together hedge funds, wealth management, private equity, venture capital, foundations, endowments, bonds and ESG investing professionals. More info: https://impactinvestingconferences.

    The 17th Asian Financial Forum returns in Hong Kong on 24 to 25, January 2024 to bring together global business communities, corporate leaders, policymakers and regulators for discussions and exchange of insights on the global economy from an Asian perspective. Early bird discounts are available until 30 November 2023 with the code S-AM14-ML (Standard Pass) | F- AM14-ML (Full Pass). Visit the official AFF website for more information and registration details:

    FinTech World Forum 2024 is based in London UK Europe as one of leading fintech events 2023 for global financial services, finance and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech and Wealthtech. For more info visit:

Podcasts and Videos



    Goldman Sachs’ Head of Digital Assets, Mathew McDermott, in a discussion with Fox Business, highlights a significant shift in the financial sector towards digital assets. Amidst transformative changes in the digital asset landscape, McDermott points out the increasing involvement of traditional finance institutions in this domain. He attributes this trend to the efficiencies and risk reduction digital assets offer to conventional business models. Additionally, the maturing of the digital asset market and a clearer global regulatory framework are fostering broader acceptance and adoption. McDermott emphasizes the commercial value proposition and scalability as key factors in the evolving integration of traditional finance and digital assets.

    Crypto in 2024 is gearing up for an exciting year, with positive indicators suggesting a resurgence in the cryptocurrency market. The impending Bitcoin halving and the potential introduction of spot Bitcoin ETFs are fueling bullish sentiments. While established cryptocurrencies like BTC and Ethereum have their trajectories well-charted, the spotlight is shifting to newer, emerging digital currencies within the ecosystem. These nascent protocols are expected to bring innovative approaches to decentralized finance (DeFi), NFTs, and the broader application of blockchain technology, potentially reshaping the digital currency landscape with fresh perspectives and novel implementations.


    The fintech market in 2024 is poised for transformative changes, driven by emerging technologies like Open Finance, generative AI, and Account-to-Account (A2A) payments, as per Juniper Research. These advancements are reshaping business models and intensifying competition for customer preference. Economic pressures and a shift away from traditional card systems are catalyzing this evolution, emphasizing the need for distinctive strategies. In this competitive landscape, fintech vendors are focusing on addressing concrete challenges, moving away from innovation for its own sake towards solutions that offer tangible progress on key issues.


    In 2023, FinTech innovation surged, reshaping financial services, especially in emerging markets. Jori Pearsall from Tala highlights this shift, noting the rise of digital payments in Southeast Asia and the potential in markets like Mexico and India. Despite high mobile usage, large segments remain underserved, presenting opportunities for FinTechs in 2024. Initiatives like India's Unified Payments Interface (UPI) have boosted digital transactions, setting the stage for further innovation to bridge financial service gaps.


    Experts predict an 'explosion' in AI development in 2024, following a significant year for the technology in 2023 that caught the attention of both consumers and regulators. Christopher Alexander, Chief Analytics Officer at Pioneer Development Group, shared with Fox News Digital that AI is expected to align more closely with public expectations, though true autonomy remains years away. This projection comes on the heels of 2023's substantial advancements in AI tools, exemplified by the widespread popularity of language learning models like OpenAI's ChatGPT, which has spurred increased interest and investment from other major tech players.

    In 2024, Asia Pacific's fintech sector is set to embrace a 'balanced vision,' focusing on stable growth with a prudent approach. A key trend is the rising use of AI and Machine Learning in enhancing banking experiences, risk assessment, and fraud prevention. This strategic shift aims to foster a more stable fintech market across the region.