At this time of the year there are many articles and reports outlining fintech predictions and fintech trends for 2019. So in this post, i thought i would share some of the best articles and provide a quick overview of the highlighted fintech trends and predictions. Please refer to the links for full details and explanations of the fintech trends.
Chris Skinner – My View of 2019
Ref: My view of 2019
- In 2019 real time will become real
- Banks and startups collaborate – structurally, around products and services – for real
- Technology offers a real opportunity to fundamentally rethink the way in which financial services are delivered to customers
- Open Banking will drive innovation
- Artificial Intelligence and Machine Learning particularly will see further use cases – both of which will result in automation (job cuts) and increased customer focus (higher earnings)
- Blockchain and distributed ledger implementations
Forbes – Top Tech Trends in 2019
Ref: Top Tech Trends In 2019: 11 Experts Detail What You Need To Watch
- Automation increases
- Blockchain moves into the mainstream
- AI continues to grow but with a focus on human input and control
- The number of Connect Devices increases
- Augmented Reality (AR) is used day to day
- Machine Learning (ML) and Artificial Intelligence enables improved cybersecurity
- 2018 was a bad year for tech, 2019 will see a number of solution to the “tech backlash”
- Technologies such as AI, ML, blockchain and AR converge
- Augmented analytics use natural language to highlight the most important findings
- Data security will become paramount
Bloomberg – The 5 Big Fintech Trends of 2019
Ref: Experts Predict the Five Big Fintech Trends of 2019
- Fintech startups lay the way for potential IPOs
- Fintech firms will be acquired
- Big tech companies continue to slowly move into finance
- Payments become faster, with contactless and real-time payments
- An unsettled economy will impact fintech funding
11:FS – Our 2019 Fintech Predictions
Ref: Our 2019 Fintech Predictions
- Open banking gets real
- Banks hit back
- Big tech (Google Amazon Facebook Apple – GAFA) continue to march into financial services
- USA likely to be difficult space for small fintech firms due to fragmented regulatory environment
- As small, medium-sizes businesses increase in size, they become more complex to manage
- As competition increases, customers are offered better products and services
The Citi Blog – Five Emerging Tech Trends to Watch in 2019
Ref: Five Emerging Tech Trends to Watch in 2019
- 5G
- Augmented and mixed reality
- Intelligent augmentation
- Zero trust cyber security
- Quantum computing
BBVA – The 10 Global Fintech Trends
Ref: The 10 Global Fintech Trends
This is a little old, but with relevant and interesting themes
- Conventional banking has changed strategy
- Financial services firms were being unbundled and are now being rebundled
- Fintechs are going global
- Blockchain is staying
- PSD2 is a gamechanger
- Big tech is making a big impact
- Insurtech market matures
- Regtech has great potential
- Financial service will feel the impact of Regulation
- Fintech’s enable financial inclusion
BBC – Tech Trends 2019
Ref: Tech trends 2019: ‘The end of truth as we know it?’
- “Deepfake”videos – manipulated videos blur the lines between technology and real people, and could be used to trigger a geo-political incident
- AI in the wrong hands could be used to launch AI-cyber battles, they’re particularly dangerous since they adapt to their surroundings and launch bespoke/tailored attacks from inside the organisation
- AI powered computers are helping us get healthier
- GDPR and a tech-backlash results in GDPR fines and a consumer push to control their data
Gemalto – 10 Fintech Trends to watch in 2019
Ref: Infographic: 10 fintech trends to watch in 2019
- Online payments via decentralised apps will increase
- Honest use of data will give firms an advantage
- Quantum computing gets real
- Number of cryptocurrencies will diversify
- Implanted near field communication (NFC) devices grows (really?!?!)
- Fintech regulation increases
- Online lending using AI and other software increases
- RegTech to expand to assist financial institutions
- Digital-only banks continue to grow
- Digital transformation investment among banks goes from strength to strength
