The fundamental building blocks of finance and financial services are transforming and FinTech is changing the industry via infrastructure-based technology and open APIs. The venue for the World Fintech Forum included firms from across the ecosystem, coming together to discuss the biggest issues. Our article looks at the key points covered at the conference.
Key fintech takeaways discussed in this article:
- Great user experience is vital
- There’s a lot of regional variation in fintech disruption
- More challengers and incumbents are partnering
- Big Tech’s strength is in data
- Open Banking: regulations proving a boost to fintechs
- Blockchain: A dramatic increase in levels of investment
- For Cryptocurrencies - the jury’s still out
- AI is key
- Talent recruitment is one of the biggest challenges
- RegTech enables conforming with the changing regulatory landscape
