While Traditional Banking existed with a prime motive to secure and save money, they never bothered to create a social impact. The Fintech is on the rise, we do see how “Banking is now boosting the social change” with customized and apt solutions and dedicating themselves to improve the lives of people. Fintech industry, on the one hand, is working hard to meet the demand of tech-savvy individuals and on the other trying to serve the underprivileged.
So which technologies would keep the fintech industry occupied this new year? Let’s take a look –
References:
- Open Banking A Consumer Perspective Faith Reynolds January 2017
- Open Banking – What The Future Holds
- Data sharing and open banking
- Internet of Things (IoT) in Financial Services
- 10 Ways Banks And Credit Unions Are Using Virtual Reality
- IoT and financial inclusion is just around the corner, MasterCard reports
- Top 10 fintech trends that could influence the banking industry in 2018
- 10 FinTech Predictions for 2018
- 8 fintech trends on our radar for 2018