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Finance

10 banking and tech innovations that could determine the financial landscape in 2024:

Published by Jessica Weisman-Pitts

Posted on November 10, 2023

1 min read

· Last updated: February 23, 2026

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Futuristic banking technology concepts symbolizing finance innovations - Global Banking & Finance Review — An illustration showcasing advanced banking technologies and innovations that are set to reshape the financial landscape in 2024. This image highlights key aspects of finance and tech integration.

innovation technology financial services blockchain Digital banking

Global Banking & Finance Awards 2026 — Call for Entries

10 banking and tech innovations that could determine the financial landscape in 2024: By Monica Eaton, CEO of Chargebacks911 Artificial Intelligence (AI) As perhaps the hottest topic in technology right now, this one is a no-brainer. AI tools like chatbots swiftly address queries, while biometric solutions bolster security and refine AML and KYC processes. From […]

10 Banking and Tech Innovations Shaping the Financial Landscape in 2024

Author: Monica Eaton, Chargebacks911

Ethical AI and Risks

Back-Office Automation

Customer Experience Personalization

Blockchain and Digital Assets

Fraud Prevention and RegTech

Real-Time Payments

Open Banking and APIs

Artificial Intelligence in Finance

Top Banking and Technology Innovations for 2024

Key Takeaways

AI will streamline customer service, AML and KYC while enhancing fraud detection and compliance.
Real-time payments via FedNow/RTP and ISO 20022 data will speed settlement and improve treasury operations.
Open banking and APIs enable embedded finance and hyper-personalized products across ecosystems.
Biometrics and digital identity reduce friction, fight deepfakes and strengthen onboarding security.
CBDCs, tokenization and blockchain progress cross-border payments and programmability in finance.

Frequently Asked Questions

What is digital banking?

Digital banking refers to the online delivery of banking services, allowing customers to conduct financial transactions via the internet or mobile applications.

What are financial innovations?

Financial innovations are new products, services, or processes that enhance the efficiency and effectiveness of financial markets and institutions.

What is fintech?

Fintech, or financial technology, refers to the integration of technology into offerings by financial services companies to improve their use of financial services.

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10 banking and tech innovations that could determine the financial landscape in 2024: