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Session Description
Accenture research confirms that 86% of companies report an increase in the volume and/or scope of their cloud initiatives since 2020, but whilst the scale of demand for cloud has increased,68% of them still consider their cloud journeys incomplete. GSMAi recent research confirmed the global addressable revenue opportunity for operators in Financial services, for B2B technology services, is forecast at $122bn in 2030 from $59bn in 2023 driven by opportunities in IoT, private 5G,edge and cloud computing, and cyber security solutions. The Verizon 2024 Data Breach Investigations Report confirmed that roughly 1/3 of all breaches involved ransomware which is now the top threat across 92% of industries. Orange Cyber-defense now runs 18 security operations centres around the world and reports a 30% increase in security incidents.
AI is a transformative technology with Gen AI forecast to be the top banking trend for 2024, increasing productivity by up to 30%, and growing revenue by 6%, and ROE by 3%. The global in-car payment market is forecast at $580 bn powered by the acceleration of payments from IOT devices and autonomous retail has a projected market size of $387bn by 2025. Blockchain continues to transform financial services and web 3 wallets are scaling. Mobile Operators have significant focus on the consumption of fintech related services- insurance, payments, including subscriptions, to enhance their B2C propositions.
Technology is disrupting fintech and the pace is accelerating. The mobile eco-system is a key partner in this process. This session will explore the key trends and opportunities and showcase global solutions that are driving this change.