7 Big Financial Technology Trends for 2018

Financial technology has evolved over the years and the year 2018 definitely can be cited as a crucial year for fintech. Here are some of the biggest fintech trends of 2018 –

  1. Cryptocurrencies – ICOs in particular

Investing in ICOs or initial coin offerings, the ones that have a great idea and a reliable team behind them can turn out to be a profitable decision. For earning better credits ico reviews online can be of great help.

  1. Investments in Blockchain

Blockchain has been identified as a worthy investment for businesses big and small and there are huge investments being made on this technology.

  1. AI in finance

The finance sector is exploring the many possibilities of using AI or artificial intelligence in its various forms.

  1. Regulations

There have been several new regulations imposed in order to streamline the growth of fintech trends.

  1. A spike in fintech startups

There have been numerous new fintech startups in the recent times. Firms with a great fintech idea can easily make great progress given the increasing demand.

  1. Banking sector accepting digital transactions

Digital transactions are known to be quicker and more convenient. They also make it easy to identify and track every transaction that occurs and prevent frauds. Now with the increase in the security measures, the banking sector has outgrown the phase of skepticism and has started accepting the approach of going digital.

  1. Bot advisors

Using bots for financial advice is a trend that is heating up. There are numerous financial institutions that have deployed financial advisor bots. There are some that have also implemented hybrid systems with both human and bots providing the most relevant financial advice.

The role of technology in the finance sector has been more towards improving the convenience for the users and also improves the security.