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IndustryUpdate

Researchers found that banks are leveraging an orchestration strategy to deliver both a strong ROI and a supe-
embracing some common elements rior customer experience, Mercator added.
across digital transformation initia-
tives but are often missing two criti- Majority of GenZ crypto owners want crypto salaries
cal areas in their roadmap: cloud
strategy and core modernization. Specialized payments platform Paysafe released research revealing that 55
In fact, Arizent noted, just 56 per- percent of crypto owners—rising to 60 percent of 18 to 24 year olds—would
cent of banking executives surveyed rather receive their salary in cryptocurrency. Reasons for this include seeing
reported having core banking mod- cryptocurrencies as a smart investment, believing they’ll likely get paid in
ernization as part of their digital crypto soon anyway, and greater financial flexibility.
transformation strategy, and fewer
than half (44 percent) have a cloud As reported in Inside the crypto community: Plotting the journey to mass adop-
migration plan. This report tion, researchers surveyed a cross section of 2,000 crypto owners living in the
United States and U.K. about their perspectives on the future of decentral-
Design Rush shares digital ized finance. Fifty-four percent of crypto owners agreed cryptocurrency is
trends to track the future of finance and will take over as the dominant form of international
currency. However, 70 percent of respondents admitted to having doubts
DesignRush, a B2B marketplace about investing in crypto, with 49 percent having cashed out some or all of
connecting brands with agencies, their cryptocurrency assets at some point.
leveraged its network of 11,000
agencies to gain quick insights PARTNERSHIPS
"QuickSights" on trends surfacing
in tech today. Among the emerg-
ing trends noted were that digital CSI, NYDIG partner on bitcoin
payments will continue to expand Computer Services Inc., a provider of end-to-end fintech and regtech solu-
worldwide; Google's Trusted Web tions, partnered with bitcoin company NYDIG to offer a full suite of turnkey
Activity will improve performance
of hybrid apps; and neumorphism,
an approach that makes embossed
user interfaces, will be 2022's design
trend.

Payments orchestration benefits
merchants
Mercator Advisory Group’s A Guide
to Payments Orchestration report pro-
vides insight into payments orches-
tration and explains what every
merchant needs to know about it.
"The strategy that drives orchestra-
tion is nothing less than a paradigm
shift in the way that merchants
view payment service providers,"
Mercator stated.

"Rather than conduct due diligence
to select a 'best of breed' service pro-
vider for each functional area within
payments, orchestration leverages
technology to utilize multiple pro-
viders, coordinating the utilization
of each provider based on business
conditions and/or transaction attri-
butes." Managing multiple service
relationships across multiple pay-
ment service categories can strain
a merchant’s operating resources,
so more and more merchants are

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