In 2017, Fintech will continue to be influential. With Fintech becoming more and more widely used across the industry, it challenges the traditional models, gives business and customers better and easier solutions, and also provides better technical tools to companies.
Data will be more accessible to individuals and business. In 2017, there will be more data for business to analyze. Business companies can clean and compile the data they got and solve the business questions they come up with. By doing so, companies can come up with better solutions for the services and products they provide to customers, and help to operate the business well. The influence of Fintech helps artificial intelligence to emerge. Artificial intelligence will be more welcomed by advisors to track the account activities through products and services; and they analyze the data to understand customer behavior.
In addition, the mobile workforce will still be a trend. More and more companies will launch their own apps and mobile transactions will be greatly increased to make people’s life easier.
With Fintech becoming a trend in business, hope the new tools and processes will secure the systems, and make the fraud much easier to be detected.
https://www.finextra.com/blogposting/13503/five-key-trends-that-will-see-fintech-enhance-its-role-and-impact-in-2017?utm_medium=email&utm_source=fintechweeklycom