of the month Fintech Times As we look back over the past 12 months, our focus shifts to retrospectives. 2022 has certainly been a difficult year for everyone, with global economic activity experiencing a severe slowdown and inflation higher than seen in decades.
Throughout this week, our community of fintech CEOs and leaders have shared their thoughts on the key fintech trends of the year. Currently focused on paytech and embedded finance with Liberis, TransferMate, Nium, BR-DGE and Adflex.
Liberis

Rob Strathoff CEO of Liberis, Embedded financial solutions and platform founded in 2007. Liberis is on a mission to provide accessible and responsible finance for SMEs, based on the belief that financing should always be a positive force for SMEs.
Unsurprisingly for Straathof, embedded finance continues to dominate 2022, but warns that B2B payments need to be addressed.
he said:
The buy now, pay later business is one of the last big markets to be truly cracked. Although huge amounts of money have been raised from multiple players, no player has established themselves as the leader in BNPL solutions. Not yet.
With every business operating within different processes and parameters, spending time managing, and severely constrained cash flow, business payments remain broken. By seamlessly digitizing manuals, , there is a trillion dollar opportunity to fix B2B payments across the UK and internationally.
transfer mate

Sinead Fitzmaurice CEO of a B2B payment technology company, transfer matereflects Straathof’s view of spotlighting the development of B2B payments.
she said:
Now that business is starting to catch up, in 2022 TransferMate is witnessing a surge of companies and partners looking to modernize their systems and create the same push-button experience as demand rises for built-in B2B payment infrastructure. Did.”
BR-DGE

We will also focus on payment trends in 2022. Brian CoburnCEO of a payment orchestration company BR-DGE. In 2018, he founded BR-DGE with a mission to push the boundaries of payment technology and create an independent payment orchestration platform that is easy to integrate and adopt.
Coburn commented: Adoption of BNPL continues to grow, especially for retail purchases, fueled by the macroeconomic downturn where consumers are likely to want to spread the cost of their purchases over a longer period of time.
However, this is consistent with the traction gained by open banking this year, with studies projecting that there will be up to 40 million users of the technology within the UK by 2025. Zopa. New innovations are rapidly becoming an important part of the payments landscape as customers demand a frictionless payment experience and merchants recognize the value of providing more choice and flexibility.
Furthermore, the role of payments in forging strong ties between merchants and consumers is becoming increasingly clear during this time of continued economic uncertainty. In the industry, merchants are increasingly aware of the risk of lost revenue from inefficient payment systems and the risk of fraudulent activity that erodes customer trust. We are driving investment in payment solutions that build loyalty.
adflex

for Pat BirminghamCEO of a B2B payment service provider adflex, Many of the biggest trends for 2022 are influenced by the economic uncertainty we all face.
“With profit margins bearing the brunt of inflationary pressure, companies must look to improve internal efficiency to survive without resorting to large price increases that can deter customers. It didn’t.”
One way they are doing this is by streamlining the accounts payable (AP) process using automated payment methods such as straight-through processing (STP), which allows buyers to communicate with suppliers in real-time. Amount of time and resources spent making and receiving each payment that can be pushed to.
Comparing STP to traditional methods shows that both buyers and suppliers previously had to access payments through multiple portals and manually track payments. STP automates the process. and works seamlessly with the enterprise back-office enterprise resource planning (ERP) system through API integration.
nium

Spencer Hanlon Global Head of Travel Payments and Head of Europe. nium, B2B financial services technology platform. He describes modern payments as a platform for growth.
Fintech has been somewhat trapped in the bubble economy in recent years. The industry often outperforms other sectors in terms of growth and employment rates. We have seen many new innovations enter mainstream financial services, such as pay later, real-time cross-border payments, and open banking.
However, in the face of macroeconomic challenges such as the conflict in Ukraine and supply chain shortages, fintechs are moving away from new projects and beta testing to focus on proven solutions that can be implemented quickly and deliver a return on investment. That is why the adoption of real-time, frictionless payments continues to grow.
Businesses have discovered that faster, cost-effective and efficient payment infrastructures can offset financial pressures and ensure better cash flow management, which is essential in uncertain times. This year, modern payments are seen as a platform for growth rather than cost savings, and we expect this to continue in 2023.