Fintech Trends to Watch in 2017

14 December 2016

We have come to the end of another year, and so it is time to do a bit of ‘navel gazing’ and to make some fearless predications for 2017.

Last year we predicted our global fintech trends for 2016 – some were right, some less so, but that is the nature of forecasting!

We can say that our number one prediction turned out to be right on the button: From a global perspective, China is going to dominate fintech in 2016

So here is what we see over the horizon – our top 10 Fintech trends for 2017:

  1. Regulatory sandboxes will rollout across the world; the UK and Australia are regulatory leaders, but other nations are moving fast 
  2. Notwithstanding ‘sandboxes’, innovation will continue to outpace regulation
  3. The rise of alternative products and the sharing economy will hit fintech; some would say it already has!
  4. The rise of big data is intimately tied to fintech and will continue to be, but you won’t know it
  5. Fintech IPOs will proliferate across the world
  6. The impact of automation will be felt particularly by finance employees; there is no doubt the global financial services workforce will continue to decline 
  7. Blockchain technology goes mainstream; driven by smart contracts
  8. Artificial intelligence and virtual reality will take robo-advise to another level
  9. Machine learning will become one of the strongest cybersecurity tools

And our #1 Fintech prediction for 2017… drum roll…

By the end of 2017, we anticipate Ant Financial will be the largest financial services organisation, by capitalisation, in the world. With a bullet!

Maybe that sounds nuts, but Ant Financial is already #20 on the list of the largest banks with an estimated market capitalisation of USD60 billion, and it has Wells Fargo (#1 at USD254 billion) in its sights.