Source: by Mathew Dirjish - Sensors Online
On a quick first glance, I thought this news about fintech referred to technology trends in Finland. However, noting the lowercase ‘f’, I realized this was just another buzzword to learn. The term fintech, or financial technology, refers to computer programs and other technology used to support or enable banking and financial services. Allegedly, "fintech is one of the fastest-growing areas for venture capitalists", so ‘f’ me on that one, here are the four hottest trends in fintech as forecasted by the Data Driven Investor (DDI) team.
The financial technology sector has been experiencing a boom as the next generation of tech-savvy consumers of financial services are starting to choose banking apps over visiting branches, are investing in cryptocurrencies instead of buying stocks, and are applying for loans on peer-to-peer lending platforms instead of at their banks. Consumer demand-driven innovation in the fintech sector has led to a change in how individuals and businesses interact with financial services. This can be witnessed by the fintech sector’s hottest current trends, which include an increased push for more mobile-based services, the adoption of artificial intelligence (AI) technology, the implementation of biometric security, and a move towards more cloud computing.
1. GOING MOBILE
