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The Marriage of High Tech and High Finance
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The Marriage of High Tech and High Finance

The Economist Intelligence Unit
EIU, 2017
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The year 2017 brought a consequential shift in fintech investing, with a retreat in private funding for technology company start-ups and the advance of financial services giants pouring billions of dollars into innovations that will affect customer interactions. According to this solid roundup from the Economist Intelligence Unit, transformative improvements are possible in four broad technology areas. getAbstract recommends this accessible overview of future fintech directions to executives in banking, insurance and other financial services industries.

Take-Aways

  • To provide superior customer experiences, banks are investing in four major areas of fintech. 
  • Biometric identification, which uses an individual’s unique physical attributes such as voice or fingerprints, is supplanting cumbersome multiple passwords and personal identification numbers as a way to log on to online accounts.
  • Blockchain technology promises to create a more secure environment for transactions than traditional clearing and settlement processes do.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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    A. A. 6 years ago
    It appears that most innovations take a sequential approach to development - building upon or segueing from previous innovations leading to 'long tail' innovations with diminishing values/ returns.

    The current financial systems of capital investments/ depreciation etc. seem to prevent us from taking a step back from what has been built and rebuild/ innovate in a completely new direction for even better benefits?

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