This is a syndicated post originally written for the technical consultancy Cohaesus
Once upon a time, the fintech industry was a trend all by itself. It started with peer-to-peer payment companies like PayPal, and before long the fintech sector was a legitimate and market-moving industry. Today, the fintech industry has proliferated into many smaller trends, which include online lending, digital banking, algorithmic-based investing, and more.
However, there are 5 specific digital trends that are changing the fintech sector with more speed than any others. In fact, these 5 trends extend beyond industry borders and are redefining the way companies do business and the way consumers interact with brands as well as each other. Below are the top digital trends that are altering the fintech sector.
1. Decentralised Blockchain Technology
The use of blockchain technology is the most important trend that’s changing the fintech sector. This is because blockchain isn’t confined to a specific niche but is instead a form of decentralised technology that will soon power most of the fintech industry and beyond.→ CONTINUE READING