The hype around cryptocurrencies (like Bitcoin, Ethereum) unveiled a disruptive technology, called Blockchain. A Blockchain is a virtual, public ledger, which uses cryptography to store permanent and tamper-proof records of transaction data.
Banks around the world are strong in their endeavors to move from conventional to convenient banking. The concept of digitized banking is not new and is prevalent since the advent of ATM machines and cards, back in 1960s. This was followed emergence of internet in 90s and proliferated use of smartphones that made transactions possible, without ATM machines.
The AI impact on capital markets has never been profound as it is in the present times. AI has certainly taken the finance world, especially banking and investment services by storm. Artificial Intelligence is a suite that comprises of a set of tools- like machine learning, natural language processing, deep neural networks etc. that are impacting almost every industry, in the most efficient way.
The collaboration between investment banks and fintech brings in endless opportunities to the capital market industry. Financial technologies are evolving and in the third quarter of 2017, value of the international debt capital market transactions reached $1,056 billion.
The global investment in Fintech ventures is expected to have a worth of 8 billion USD by 2018. Therefore, this continuously thriving industry needs to follow the best and the latest technology to sustain.
In the year 2017, we have seen instant payments, mobile trading, millennial focused solutions making way to take fintech industry a step further. However, the year 2018 seems diverge a bit and step into the technology lane for better customer experience. Basis our client recent client requirements and evolving technologies, we have compiled this list of fintech trends that you must follow in 2018.
Fintech has emerged as one of the hottest tech industry in the recent decade. It is a portmanteau of financial services with modern technology. Indubitably, it has disrupted the traditional financial services to their core. Such is the impact of fintech sector that small startups tend to give a cut-throat competition to established banks and financial institutes.