FinTech

In 2017, we are seeing financial services disappear into day-to-day life as banking becomes more seamless. Much of this trend is driven by large tech firms, like Amazon and Google, whose technology is likely to reshape banking with self-service kiosks, video conferencing, and other services. This transition raises many questions. Will banks be able to integrate with these platforms in a way that is compliant? How will these new partnerships affect legacy core technology that has been around for decades, but that cannot keep up with the on-demand pressures of today’s marketplace? A lot of traditional financial companies are looking at tech as the answer to these questions and as a way to get ahead of the competition. Platforms that do not have payments as a core service are increasingly turning to fintech companies to manage the complexity of global payments. In turn, fintech companies are looking for ways to scale their back-end operations. The way we connect with our banking and finances is evolving at lightning speed, and we are at the cusp of seeing how these connections will be made.