The Marriage of High Tech and High Finance
Article

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.

Summary

Executives of established banks understand that customers’ financial needs to save, borrow and pay for purchases remain unchanged. And with the prospect of competition from nontraditional intermediaries like Apple, Facebook and Google, the financial industry has come to embrace the fact that the ways to satisfy those client needs are undergoing rapid reinvention. To provide superior customer experiences, banks are investing in four major areas of fintech: 

  1. “Biometrics” – Biometric identification, which uses an individual’s unique physical attributes such as voice or fingerprints...

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

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