My Fintech predictions for 2018

Needless to say, 2017 was quite eventful for the global fintech ecosystem. From the meteoric rise of bitcoin, to the chatbot invasion, to a host of regulatory changes such as PSD2 in Europe, I could go on and on. Without further ado, here are my predictions for 2018.

Cryptocurrencies’ market capitalisation will continue to exponentially rise. But …

Yet, one question remains … will volatility persist? I personally believe so. On 22 December alone, bitcoin, Litecoin, ether and bitcoin cash all lost more than 30% of their value. At the time of writing, all have partially recovered those losses. Such extreme fluctuations will continue to negatively affect cryptocurrencies’ perception by mainstream financial institutions and their customers.

Further international collaboration among financial regulators

In the Asia-Pacific region, a similar pact has been reached between the Indonesian and Australian regulators: “The agreement provides a platform to facilitate cross-border exchanges of talent, technology and capital and fintech company market entries into both countries.”

I expect such collaborations to multiply in 2018.

The productisation of blockchain

Back in November, Hewlett Packard announced the launch of a blockchain product in 2018 that’s being developed via R3’s Corda platform. The initial product offering will focus on services such as payments and identity, among others.

Fasten your seat belts: 2018 may well be a year packed with fintech innovation, and possible turbulence along the way.

This article was originally published on BankNXT as “Phil Siarri’s fintech predictions for 2018”.

Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me>

Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me>