Financial services including banking and insurance are not just facing changes to their operations, as in the past. This time, entire business models are facing disruption. Let's review the latest fintech trends and analyse their impact on businesses.

Technology has disrupted the financial services industry many times over the decades, but it can be argued that the current wave of technological transformation is perhaps the most disruptive ever. Let’s take a look at the leading fintech trends.

Firms need to respond to a building trend

It is clear that the pace of change is building, with over $13.8bn in venture capital due to back fintech in 2018, compared to a mere $3.8bn in 2013. To survive in the fintech landscape financial institutions need to know what these trends are as a necessary first step. Let’s take a look at the leading fintech trends.

Artificial intelligence and automation

With new branches such as deep learning AI is capable of tackling immensely complex problems. AI can save costs, improve customer service and create new opportunities for financial institutions: