Driving the Future of Payments – 10 Mega Trends

www.firstannapolis.com

Though they are just teens and young adults today, Gen Z will make up to 40 percent of all US consumers by 2020. Bankers view data security as among the top challenges in payments today. As the industry projects $31.3 billion in global card losses in 2018, financial institutions must push to out-innovate the fraudsters.

WATCH OUT FOR GEN Z.  One thing that I liked was the emphasis on fraud and data security, which is often under-emphasized when it comes to building a fintech product. Fraud and loss due to fraud needs to be a known (and hopefully controllable) variable when it comes to most financial products.

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