Fintech companies are increasingly using connected devices to gather business-friendly customer insights and make more informed decisions. For instance, connected wearables can help financial institutions monitor customer behaviour and decide what relevant services to offer.
Mobile point of sale (POS) systems are another innovation that uses IoT devices to replace traditional POS systems and allows business owners to receive payments, even if they don’t have a physical store front. Driven by the increased interest in IoT, the global fintech market is expected to reach $309.98 billion, at a CAGR Of 24.8 percent.
To put the spotlight on such key developments in the industry,CFO Tech Outlook illustrates how fintech companies are leveraging the latest technologies to augment their front-end and back-end applications. The edition also features thought leadership articles from Kurt Nichols, Managing Director, Portfolio Manager, CIBC Innovation Banking, Rodney Kagarise, Data Modeling Senior Manager, Fannie Mae, Fraser Collins, Group Head of Commercial Finance, International Personal Finance (IPF), and Manesh Prabhu, SVP and Chief Technology Officer, People’s United Bank. They shed light on various trends in the fintech industry, including key developments in optical character recognition (OCRs), full-blown blockchain usage, and the rise of the API economy.
In this edition of CFO Tech Outlook, we also bring to you the story of some of the top fintech solution providers that deliver the best outcomes for their clients. In the list, FinTech Automation stands out for its FTA UniFi Platform to build a fully digital financial experience with little to no code. Equally commendable is fyxify that leverages automation and a growing neural network to identify the most cost-effective and energy-efficient solutions for homeowners and presents the solution in a guided consumer experience. We also bring to you the story of Star, which integrates strategy, design, and engineering services into a fluid workflow to create innovative solutions that have a precise impact and scalable performance.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the fintech industry. We would like to know your thoughts.
