SET Training - Banking and Fintech

By Stanley Epstein – We tap a card, wave a phone, or click a button, and money moves. This process has become so seamless, so integrated into our daily lives, that it's easy to overlook the colossal system working behind the scenes. But this seamless experience masks a tectonic shift. The very architecture of global finance is fracturing and re-forming, and the 2025 McKinsey Global Payments Report reveals a series of surprising shifts that will affect not just banks and tech companies, but everyone with a digital wallet. Here are the four most impactful truths from the report that are shaping the future of money. 1. The Hype is Over: Global Payments Growth is Hitting a Wall After a period of supercharged expansion, the global payments industry is experiencing a significant slowdown. While revenue surged by an impressive 12% in 2023, growth fell sharply to just 4% in 2024. According to the report, this deceleration is caused by four distinct factors: peaking interest rates, a more ...

After his TerraUSD cryptocurrency imploded, Do Kwon became one of the most wanted men in crypto. Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ’s Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries. Listen to this story from WSJ HERE .