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The Future of the Financial Industry

Technological advancements are based on how to make it fit so that you don’t realize it so that it becomes a daily part of life. The series of quotes above is a message from one of the inventors of modern technology, Bill Gates. According to the founder of the giant technology company Microsoft this technology can not be avoided and ignored, has become part of people’s daily lives. It’s not only an individual society that is dependent on technology. The industry is now attached to technology. The utilization of technology is considered to be one of the keys to survive an industry amid modernization today.

The financial industry is one that cannot be separated from the use of technology because of its crucial role. This potential was seen by the founders of the start-up company as a golden opportunity. Financial technology or well-known as fintech is often referred to as disruptive innovation. The reason is that disruptive innovation creates new markets with innovation, but can damage conventional markets that were previously running. However, the new market formed is considered to be a golden opportunity to make the industrial and community order in a country better.

A research conducted by Accenture revealed that global investment in the fintech market had tripled from the US $ 928 million to the US $ 2.97 billion. The growth occurred in the period 2008 to 2013 and is predicted to continue to increase in 2018 which is predicted to range from the US $ 6 … Read More