FinTech Potential and Outlook for 2017

2017 will be an interesting year for FinTech companies and the Fintech market as a whole. PWC predicts in the annual report that they publish that in 2017 global fintech investment will exceed 150 billion dollars. According to the Fortune this, along with new trends in the Fintech environment, will allows 2017 to be a strong year for Fintech. One of the biggest keys to Fintech success in 2017 will be the increased role of mobile devices in the FinTech environment. With smartphones becoming such an integral part of consumers everyday lives, by integrating a mobile driven aspect to Fintech technology, companies can reach a greater audience and at the same time provide a greater benefit to the consumers. Blockchain is also playing a large role in the FinTech world. A few of the biggest fintech deals in 2016 revolved around the use of blockchain technology, and continues to gain more and more popularity and developments are made to strengthen security and privacy issues. The most important characteristic however, has to continue to be accessibility. The Fintech market holds so much potential because many of the technologies that are being developed have the potential to reach lower income families, and make it easy for them to use, eg through mobile apps or lower fees. If Fintech continues this trend, then we could be seeing an expansion of total investment and companies.

http://fortune.com/2017/03/10/financial-technology-trends/