Aurum Solutions' predictions for 2025

A quarter of the way through the 21st Century, and the pace of change continues to increase. From 2000 to today we have seen the emergence of digital wallets, cryptocurrencies, contactless payments, and more, all make an impact on our everyday financial lives. Pertinently, most of these innovations have occurred in the last few years. It is therefore safe to suggest that we can expect more big changes across financial activities throughout 2025.  

However, although fintech has an extraordinary ability to transcend across industries and regions, resulting in various sectors and countries seemingly moving forward together in union, it would be naive to overlook the individualism of each. As such, we’ve asked some of our Aurum experts what financial evolutions they expect to see during 2025 in their specialist areas.

Banking/ Fintech

A new, younger demographic of wealth and business owners are inbound and will be demanding slicker product experiences, making partnerships between banks and fintechs inevitable. However, vetting by banks must be good. BaaS has been rocky the last few years, so robust processes and controls such as reconciliation will be critical for partnerships.

Dylan Bird, Head of Professional Services, Aurum Solutions

How can Aurum help?

When fintechs work with banks, more often than not, business is not the only thing that is shared. Client money is also shared. Considering that banks have a reputation to uphold for safely managing client money, it is therefore imperative that their fintech partners also respect this responsibility.

At Aurum Solutions we are aware of this and therefore provide client money reconciliation solutions for the likes of Moneybox and other leading fintechs. As a result, they are not only compliant with regulations that help ensure that banks can trust the fintech industry, but they are also provided with complete audit trails to show movement of money and automated reports to make sure that they always have visibility over account totals.

Payments ‍

Now is the time to have as many payment options available as possible. Yes, people have been wanting flexibility when checking out for a long time; however, now AI will select which is best for the payee. In 2025, make sure you’re ready to accept customers’ optimal payment option based on credit scores, upcoming payments from accounts, historical spending trends, and more.

Emre Eryilmaz, Business Development Manager, Aurum Solutions

How can Aurum help?

On paper, more payment options should automatically increase the amount of profit that a company generates thanks to boosting revenue. However, payment options also come with fees and sometimes with additional workload. For instance, in order for a company to close their books, all payments from all sources must be reconciled. When more payment options are added, more reports therefore have to be sourced; something that isn’t always an easy task.

However, with Aurum’s bank of over 600 APIs, no matter what payment options you add, you can automatically feed statements into one financial hub ready for automated reconciliation to take place. As a result, even as payment options increase, with Aurum, no time is wasted on sourcing intel.  

Retail ‍

Variable Recurring Payments (VRP) could move from purely a sweeping capacity to a non-sweeping one in 2025. As it's more convenient and secure for consumers, it's likely that direct debit usage could decline as a result, seeing merchants be less sure about when they will be receiving payments and how much. As such, they will need to keep on top of their cashflow as much as possible.

Kerri Bersella, Solution Build Consultant, Aurum Solutions

How can Aurum help?

In retail, there are so many liabilities to consider that can fluctuate – changing prices for materials, increases in rent, new taxes etc. As a result, keeping a steady or growing level of income is essential. If not, margins could suddenly become uncomfortable.

A method some merchants use in an attempt to keep their income healthy is by offering customers more control over their payments. Over the last few years this has been seen through the rise of BNPL, but non-sweeping VRP could give too much power to consumers to the detriment of merchants.  

If it’s a calculated risk that retailers wish to take though, they must keep an extra close eye on their cash flow. This will mean not letting transactions build up over time and then become insurmountable to reconcile – a common occurence when reconciliation is done manually. Fortunately though, when the ETL and reconciliation of transactions can be scheduled for any time and completed in no time through the power of Aurum’s automation, merchants can always know their financial position.

SEPA

When instant payments arrived in the UK, how reconciliations occurred had to change. In 2025, something similar is going to happen in Europe due to SEPA's new rules. However, most banks were built for domestic markets and with delays built in. With teething problems inevitable, it’s vital that reconciliation isn’t seen as a tick box exercise but an essential verification process.

Robert Mattila-Gilbert, Delivery Solution Architect, Aurum Solutions

How can Aurum help?

The ability to speed up trade across more regions sounds like a brilliant idea for business. However, every rose has its thorn. In the form of European faster payments, the latter can easily take the shape of financial back-office overwhelm. After all, it’s not hard to see that volumes of transactions will increase and so too will the complexity of settling them due to different time zones being involved.

Fortunately, these factors are only problems when reconciliation is conducted manually. With Aurum, however, high volumes are no issue and the risk of mistakes due to seemingly opposing data - such as transaction times not matching across two records due to different time zones – is eliminated. In fact, even though varying currencies across Europe are rare, Aurum can also deal with the tumultuous factor of changing FX rates to reveal when matches across data sets exist. As a result, even when payments increase in volume thanks to greater speeds and spread across the globe, Aurum continues to work to maintain financial accuracy.

iGaming

Sweepstake gaming swept the US last year and will no doubt continue to grow in 2025, making the emergence of regulations for these operations likely. If this is the case, the stakes won’t just be high for operators but the financial processes that uphold them too, including reconciliation. For instance, they will likely have to ensure daily visibility of transactional discrepancies.

Micheal Gregory, Business Development Manager

How can Aurum help?

The iGaming industry’s high volume of transactions is renowned for placing stresses on financial processes. Add more regulation into the mix and it might sound like too much to handle.

However, at Aurum Solutions we provide the no.1 reconciliation software in iGaming for a reason. Not only does our software offer peace of mind no matter how high transaction volumes go, but we also conduct reconciliation on a transactional level. As a result, granular detail is always available for users of Aurum, providing data visibility which is perfect for meeting regulatory requirements.

Confidently stepping into the unknown

In finance, professionals always do their best to forecast the future. However, the reality is that what is around the corner will never be known for certain. In fact, with so many new technologies and processes affecting the finance industry, it is one of the hardest to make predictions about.

Futureproofing isn’t in vain though. Just like how reviewing financial trends of the past can assist in making plans for the future, drawing on decades of expertise which is harnessed to produce a flexible financial solution is bound to put you in good stead.

For 2025 and beyond, conquer financial complexities, together with aurum.solutions by booking your demo today.