Fintech predictions 2018 | KPMG | MY

Fintech predictions 2018

Fintech predictions 2018

Big developments in open banking, regulatory clarity and AI and blockchain maturity

Big developments in open banking, regulatory clarity and AI and blockchain maturity

The global fintech ecosystem continued to mature at an accelerated pace over the course of 2017. With big developments ranging from the rise of open banking, increasing regulatory clarity and maturation of AI and blockchain, 2018 promises to be another big year for fintech.

Here are our top 10 predictions for 2018:

AI accelerates – Continued innovation and adoption of AI as an underlying tech

Regtech rising – Increased investment in regtech around the world

Building bridges – Greater collaboration and partnering between large-scale providers

Next gen digital lending – The rise of online mortgage technology and platforms

Beyond use cases – Early success efforts in the initiation of blockchain production systems

Open banking – Open APIs pace the road for third party developers in Europe and Globally

New challenger banks – Financial services incumbents building their own digital banks

Insurtech innovation – Accelerated investment into driving insurtech innovations and building hubs around the world

Going full-stack – Broadening of solution sets by mature fintech companies

Big tech participation – More partnering between fintech and technology giants

 

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