{"id":110,"date":"2017-01-16T01:00:24","date_gmt":"2017-01-16T01:00:24","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=110"},"modified":"2017-01-16T01:04:51","modified_gmt":"2017-01-16T01:04:51","slug":"whats-ahead-of-fintech-in-2017","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/01\/16\/whats-ahead-of-fintech-in-2017\/","title":{"rendered":"What&#8217;s ahead of Fintech in 2017?"},"content":{"rendered":"<p><strong>Automated Financial\u00a0Service through Artificial Intelligence.<\/strong><\/p>\n<p>As pointed out by Horton, head of innovation at <a href=\"http:\/\/www.synechron.com\/\">Synechron<\/a>, &#8220;many banks have identified onboarding and know-your-customer process as the priority area.&#8221; Data analysis through machine learning algorithms will help financial institutes predict their customers&#8217; needs and expectations and therefore deliver financial advice that meets customers&#8217; requirements. As a consequence, \u00a0AI advising robots may replace a number of human financial advisors. However, Biz Tech predicts that more mature and astute investors may still prefer human advisors for their strategies.<\/p>\n<p><strong>More Block Chain Adoption and Integration<\/strong><\/p>\n<p>&#8220;Blockchain is a digitized and automated technology that is considered tamper-proof.&#8221; Because of the security, Blockchain is expected to be adopted by more and more financial institutes\u00a0in 2017. <a href=\"http:\/\/www.mckinsey.com\/\">McKinsey &amp; Co\u00a0<\/a>\u00a0predicts that more than 100 blockchain solutions will be explored in 2017.<\/p>\n<p>Blockchain integration will be another trend in 2017.\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/carlo-r-w-de-meijer-b1367744\" target=\"_blank\">Carlo R.W. De Meijer<\/a>, an independent economist, claims that\u00a0\u201cExisting systems within financial institutions need to adapt to the blockchain element. It must fit in with other banking systems.&#8221; He further suggests that blockchain integration should not only be confined within a financial organization, but also be integrated into other organizations&#8217; systems through the financial systems that include blockchain technology.<\/p>\n<p>Source:\u00a0http:\/\/www.biztechmagazine.com\/article\/2017\/01\/what-s-ahead-fintech-2017<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Automated Financial\u00a0Service through Artificial Intelligence. As pointed out by Horton, head of innovation at Synechron, &#8220;many banks have identified onboarding and know-your-customer process as the priority area.&#8221; Data analysis through machine learning algorithms will help financial institutes predict their customers&#8217; needs and expectations and therefore deliver financial advice that meets customers&#8217; requirements. As a consequence, &hellip; <a href=\"https:\/\/blogs.scu.edu\/finis\/2017\/01\/16\/whats-ahead-of-fintech-in-2017\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">What&#8217;s ahead of Fintech in 2017?<\/span><\/a><\/p>\n","protected":false},"author":1802,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-110","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"Max","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/tgmax07\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/blogs.scu.edu\/finis\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"Automated Financial\u00a0Service through Artificial Intelligence. As pointed out by Horton, head of innovation at Synechron, &#8220;many banks have identified onboarding and know-your-customer process as the priority area.&#8221; Data analysis through machine learning algorithms will help financial institutes predict their customers&#8217; needs and expectations and therefore deliver financial advice that meets customers&#8217; requirements. As a consequence,&hellip;","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1802"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=110"}],"version-history":[{"count":3,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/110\/revisions"}],"predecessor-version":[{"id":120,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/110\/revisions\/120"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}