Budgeting vs. Forecasting: Are They the Same?
Vacuumlabs
Product development services with a focus on fintech - encompassing strategy, design, engineering, and data science.
Many businesses focus on growth, marketing, and product innovation, but without strong financial forecasting, businesses can face different challenges. ?
A solid financial forecast combines historical data, market analysis, and realistic expectations to predict future performance. Regular updates ensure accuracy, helping businesses to make informed decisions and plan for long-term growth.
-> Budgeting is the process of setting expectations for revenue and expenses over a specific period of time. As a result, it serves as a performance benchmark.
-> Forecasting is a continuous process, updating expectations based on actuals and market conditions. It allows businesses to remain agile.
Stay tuned! We’ll be sharing more insights on financial forecasting in our upcoming article soon.
?? Fintech News?
?? Ramp Launches AI-Powered Treasury Solution
Ramp has released Ramp Treasury, a tool for automating cash management to maximize earnings without sacrificing liquidity. ?
?? New AI-Powered Financial Forecasting ?
Quantum eMotion secures a $1 million deal with Quantolio to boost security and accuracy in AI-powered financial forecasting. ?
?? AI In Banking Market? ?
The AI-driven banking market is expected to grow from $32.9 billion in 2025 to $75.3 billion by 2030, with a 17.9% CAGR.? ?
??Ibercaja Joins Forces with Mambu?
This collaboration will launch a new consumer finance entity which will enhance scalability, speed to market, and modern financial solutions.
Have you thought about some exciting opportunities and challenges that AI presents for the banking industry?
Join our webinar on March 27 at 3 p.m., where Marcel Klimo, Head of AI at Vacuumlabs, will explore the future of AI in banking—what works, what doesn’t, and what’s next. He’ll be joined by Dalibor Glaich, Director of Engineering at Kiwi.com, bringing insights from the client side—because while Kiwi.com isn’t a bank, it manages thousands of daily transactions, and they know how AI can make or break an operation.?
?The Most Popular AI Workloads in Financial Services?
Financial services, like many other sectors, use AI rapidly. For example, generative AI, which was 40% a year ago, has risen to nearly 52%.
As companies continue to develop AI technologies for the financial sector, spending on them is expected to rise to over 58 billion U.S. dollars in 2025, and double to 126 billion U.S. dollars by 2028.?
We can say that financial institutions are the top users of this technology. Some of the main reasons are efficiency, risk management and customer engagement.
Top Investment Trends Banks Need to Watch
Keeping up with the investment landscape means adapting to the latest trends. Here are key shifts shaping the future:
Sustainable & ESG Investments: Investors are prioritizing sustainability, with 77% expressing interest in ESG-driven portfolios. AI-powered ESG analysis, blockchain transparency, and green investment products are becoming essential.
AI & Fintech Growth: AI-driven portfolio optimization, robo-advisors, and algorithmic trading are revolutionizing investment strategies, offering smarter, more efficient decision-making tools.
The Rise of Digital Assets: Tokenization, institutional crypto custody, and blockchain-powered payments are transforming how assets are managed and traded.
What else is driving the future of investing? Learn about all five key investment trends banks need to watch in our latest guide.?
Join senior executives and our colleagues to explore lending innovations, from empowering SMEs and driving growth to the impact of AI and embedded lending. Nigel Sirett and Marcus Davey from our team will be there to connect.(London, March 19)
Even if June is still far away, we already know that together with Nigel Sirett and Paul Kenny we’ll be at Money20/20 Europe. The place where the global money ecosystem meets, innovates, and shapes the future. (Amsterdam, June 3-5)
See you inside!