From the rise of Fintech, we have seen growth of P2P online transactions and banking sectors. There also has been much hype about digital currency and physical banks being replaced. As the years, have progressed the investments also continue to grow.
With the trending tech in the industry, the new startups are moving towards insurance and wealth management which have still been underdeveloped with little innovation. The new and interesting technology in the industry is “Robo Advisors”, which are used to assess a user’s risk profile and match the relevant low-cost investments. The algorithms are designed to optimize the returns and taxes with your investments.
With the Fintech industry growing, so are the technologies. Adding new technologies like AI, makes me wonder what awaits us in the future.
SRC: http://www.forbes.com/sites/nikolaikuznetsov/2016/11/22/the-next-phase-in-fintech/#736e473a4a29