Dear Colleagues,

In the technology space, it’s vital that your organization stay on top of prevailing trends in your respective industry. This extends to keeping tabs on the competition or, if you’re seeking a solution provider, weighing your options. That’s why ABI Research released its 40 Technology Companies To Watch In 2023 whitepaper to better understand which tech firms are winning in terms of innovation and implementation of their technology products/software.  

More than 50,000 technology innovators and decision makers rely on ABI Research for deep insight and analysis of transformational technologies and key markets. In addition, we also provide an impartial and expert perspective on the companies that are shaping these technologies and industries.

As showcased at eco-centric conventions like the recently held COP27 Summit, there’s a sense of urgency for sustainable banking to address concerns about climate change. This has forced financial institutions to increasingly feel the pressure to reduce their Greenhouse Gas (GHG) emissions.

Consumers are showing a growing preference for contactless payments, which is pushing many regions toward a cashless economy. For example, Pew Research Center notes that 4 in 10 Americans (41%) have stopped using physical cash for weekly purchases, which is nearly double the number in 2015. Not only would a cash-free society make everyday transactions a lot easier for consumers, but it is also bound to reshape the banking and financial services space. As confirmation that the world is migrating to digital-first payments, consider that the global mobile wallet installed base will increase by 2 billion in just 5 years—climbing to a total installed base of 5.6 billion by 2027, according to ABI Research.

With traditional banking and commerce trading, a bank or another financial institution is responsible for ensuring security. But when it comes to storing Bitcoin and other cryptocurrencies, users are on their own. Once a user loses access to their coin portfolio, it’s likely gone forever. To safeguard against cryptocurrency attacks, crypto users will increasingly turn to cold storage wallets, an ultra-secure crypto storage solution that operates offline and involves a hardware device.

Although the COVID-19 pandemic put a hold on biometric payment card projects in 2020 and 2021, the industry has proven to be resilient. Numerous partnerships have formed and each one signals the intention of an eventual commercial launch. With contactless payment cards accounting for 82% of all cards issued this year, biometrics is the next step in payment solutions, as it provides a convenient, safer, and more secure way to transact. Biometric-based payments are also a key aspect of a cashless economy, something that many societies are aiming for in the future.