No industry moves faster than financial services sector. FinTech is coming to represent technologies that are disrupting traditional financial services, including mobile payments, money transfers, loans, fundraising, and asset management. The Fintech report 2016 has listed down some financial industry trend and investment.
1. Payment Services Industry Trends
Tremendous funding rounds by Chinese Fintechs surged Fintech funding in 2016. Geography of fintech funding has changed as the rise of China and the move of European investments out of London. The payments segment is much more mature than other fintech areas.
2. Banking Fintech Trends
Many retail banks are foregoing brick-and-mortar branches and ATM networks in favor of services delivered exclusively online and apps. However, digital-only banks are facing major problems of customer acquisition as more of them flood the market and customers hesitate to leave a well-known, established bank for a startup.
3. Investment & Stock Fintech Trends
Robo-advisors are rapidly becoming the biggest disrupter in the investment and stock space. BI Intelligence forecasts that robo-advisors will manage $8 trillion in global assets by 2020.
4. Currency & Markets Financial Services Trends
Blockchain, powering Bitcoin and other cryptocurrencies, can accelerate and automate transactions, create multiple copies of a ledger simultaneously, and enhance transaction security.
Source:
http://www.businessinsider.com/the-fintech-report-2016-financial-industry-trends-and-investment-2016-12