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Six of the biggest financial services technology trends for 2018

Synechron just released their list of the most important financial services technology trends for 2018. We’ve summarized it below.

Innovation

Both blockchain and AI have been in-demand technologies as of late, and in 2018 developments in both will mature from pilot to production.

User Experience Design (UX)

The power of UX will not only be used for immersive technologies like virtual and augmented reality to help bolster customer experience, but will also be used for general customer experience improvements and creating B2B prototypes.

Risk

2017 was all about implementing risk regulations, but in 2018 a shift will occur to enterprise-wide risk management mechanisms with firms focusing more on real-time risk analytics.

Regtech

As major regulatory changes come into effect in 2018, regtech will play a key role as firms gain long-term benefits from MiFID II regulation compliance, moving towards a tech-first attitude regarding compliance.

Data

Data compliance regulations like the second Payment Services Directive (PSDII) and the General Data Protection Regulation (GDPR) come into effect in 2018. They will push firms beyond legacy data infrastructures to enormous data sets that will require dynamic tools to interpret and gain insight.

Cloud   

In 2017, cloud services will move from being a part of non-critical operations at firms to those critical for their mission. Consumer gains in cloud will also be driven by open APIs.

You can read the full article from Synechron here.

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