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INNOVATION, NEW ENTRANTS & EMERGING TECHNOLOGIES : DID YOU SAY FINTECHS, BLOCKCHAIN & BIG DATA ?

No article in the financial press seems to go without Fintechs, Blockchain or Big Data.

These new technologies are having a noticeably disruptive impact on the financial services,  Retail and Commerce industries.

1. FINTECHS.

At the intersection of finance and technology lies the phenomenon of the Fintech – the application of innovative technologies to the financial services industry – which has been accelerating at a remarkable pace.

It is disrupting the financial sector as we know it, with consumer banking, fund transfer and payments being seen as the sectors most likely to be affected over the next years.

2. BLOCKCHAIN.

Blockchain technology is based on distributed computing and cryptography that allows participants – who do not need to know each other – to make secure electronic transactions in a shared ledger.

3. BIG DATA.

Big Data means handling and storing large volumes of data, a challenge that is further added to by the variety of data to process – structured, semi – structured and unstructured – and that it must be done at speed. And all the while, data must be kept secure.

The above mentioned technologies are going to impact our daily decisions.

  • Fintechs are coming – some are already here – and will be a force for transformation in financial services.
  • Blockchain is regarded by many as having the potential to revolutionise current economic activity and processes, especially in Banking and Commerce.
  • Big data has been around for a while and specialist artificial intelligence are increasingly being used in the Corporate World.

ANYTIME, ANYWHERE INNOVATION …OUR BUSINESS WORLD IS ON THE BRINK OF MAJOR CHANGE !