Payment Services – The Future Of Fintech: No More Dumb Pipes

The annual Money 20/20 conference held last week in Las Vegas brought together thousands of people from across the payment processing and financial services industry to get a handle on where technology is headed. While a trend toward next-gen payment services isn’t brand new, BMO Capital Markets analyst Paul Condra argues that the momentum behind it has picked up significantly over the last year.

“The most powerful trend driving industry transformation is the gradual shift away from business models built around providing utility-like services at scale (i.e., basic processing), and toward business models that leverage mobile and SaaS technology to provide more sophisticated, customer-specific solutions,” writes Condra in a November 7 report. “Investors should consider this paradigm shift when evaluating the...