While insurtech is quickly becoming its own industry, it still falls under the umbrella of fintech. Insurance is a somewhat slow adopter of technology, and many fintech startups are partnering with traditional insurance companies to help automate processes and expand coverage. From mobile car insurance to wearables for health insurance, the industry is staring down tons of innovation. Some insurtech companies to keep an eye on include Oscar Health, Root Insurance and PolicyGenius.
INVESTMENT & SAVINGS
Above all the Fintech growth has caused an explosion in the number of investing and savings apps in recent years. More than ever, the barriers to investing are being broken down by companies like Robinhood, Stash and Acorns. While these apps differ in approach, each uses a combination of savings and easy, small-dollar investing to introduce consumers to the markets.
Running parallel to fintech is the fast-growing fintech blockchain-related solutions. Blockchain solutions are increasingly powering financial services and foundation complimentary applications in which all three can work together to deliver new kinds of ID, provenance, payments, proof of funds, and decentralised / distributed more efficient secure financial services.
CRYPTOCURRENCIES AND DIGITAL ASSETS
Cryptocurrencies are now a big part of the fintech ecosystem. Crypto went from being a menace to the financial systems to being part of the financial industry. The crypto or so-called digital currencies have brought major innovative fintech solutions Cryptocurrencies are creating new ways to create ecosystems, funding, payments and major smart contracts innovation. These new solutions are now reaching from central banks to digital assets of the world financial institutions.
AI MACHINE LEARNING AND TRADING
AI and machine learning are now at the center of the Fintech industry. Being able to measure and predict where markets are headed is the Holy Grail of financial trading and investing. With increasingly trillions and billions of dollars on the global capital markets transacted every day and minute, AI machine learning plays an increasingly important role in fintech growth. The power of this AI subset lies in its ability to run massive amounts of capital markets data through algorithms designed to spot trends and risks. Most of the global trading and investing industry is digitised and using fintech AI-driven solutions.
THE MAIN FINTECH NOW FUTURE TRENDS
1. Fintech = society ID, banking – payment – finance services
2. Blockchain and AI become part of all financial operations
3. Financial & personal advisors AI chatbots become norm
4. Major tech players become banking fintech players
5. CBDC Central Banks Digital Currencies becomes norm
6. AI Robo-advisors, traders take over wealth management and stock trading
7. ID Reward financial empowerment transaction models will replace old financial banking models
“In each revolution, we create a brand new way of trading, transacting and storing value — but we don’t get rid of the old ones.
So, 5,000 years ago, we invented money; we still have money.
Three hundred years ago we invented banks; we’ll still have banks. But in this revolution, the digital revolution, seven billion people on this planet can get access to real-time trade.
And that means that there’s a new way of thinking about how we’ll create this Internet of value, and what it’s going to look like longer term.”
Finance + Tech Now are 360 in our lives and are about creating & keeping value – special serving people society customer needs & expectations. Fintech solutions are at the core of our society value money building transactions – organisations.
Dinis Guarda is an author, academic, influencer, serial entrepreneur, and leader in 4IR, AI, Fintech, digital transformation, and Blockchain. Dinis has created various companies such as Ztudium tech platform; founder of global digital platform directory openbusinesscouncil.org; digital transformation platform to empower, guide and index cities citiesabc.com and fashion technology platform fashionabc.org. He is also the publisher of intelligenthq.com, hedgethink.com and tradersdna.com. He has been working with the likes of UN / UNITAR, UNESCO, European Space Agency, Davos WEF, Philips, Saxo Bank, Mastercard, Barclays, and governments all over the world.
With over two decades of experience in international business, C-level positions, and digital transformation, Dinis has worked with new tech, cryptocurrencies, driven ICOs, regulation, compliance, and legal international processes, and has created a bank, and been involved in the inception of some of the top 100 digital currencies.
He creates and helps build ventures focused on global growth, 360 digital strategies, sustainable innovation, Blockchain, Fintech, AI and new emerging business models such as ICOs / tokenomics.
Dinis is the founder/CEO of ztudium that manages blocksdna / lifesdna. These products and platforms offer multiple AI P2P, fintech, blockchain, search engine and PaaS solutions in consumer wellness healthcare and life style with a global team of experts and universities.
He is the founder of coinsdna a new swiss regulated, Swiss based, institutional grade token and cryptocurrencies blockchain exchange. He is founder of DragonBloc a blockchain, AI, Fintech fund and co-founder of Freedomee project.
Dinis is the author of various books. He has published different books such “4IR AI Blockchain Fintech IoT Reinventing a Nation”, “How Businesses and Governments can Prosper with Fintech, Blockchain and AI?”, also the bigger case study and book (400 pages) “Blockchain, AI and Crypto Economics – The Next Tsunami?” last the “Tokenomics and ICOs – How to be good at the new digital world of finance / Crypto” was launched in 2018.
Some of the companies Dinis created or has been involved have reached over 1 USD billions in valuation. Dinis has advised and was responsible for some top financial organisations, 100 cryptocurrencies worldwide and Fortune 500 companies.
Dinis is involved as a strategist, board member and advisor with the payments, lifestyle, blockchain reward community app Glance technologies, for whom he built the blockchain messaging / payment / loyalty software Blockimpact, the seminal Hyperloop Transportations project, Kora, and blockchain cybersecurity Privus.
He is listed in various global fintech, blockchain, AI, social media industry top lists as an influencer in position top 10/20 within 100 rankings: such as Top People In Blockchain | Cointelegraph https://top.cointelegraph.com/ and https://cryptoweekly.co/100/ .
Between 2014 and 2015 he was involved in creating a fabbanking.com a digital bank between Asia and Africa as Chief Commercial Officer and Marketing Officer responsible for all legal, tech and business development. Between 2009 and 2010 he was the founder of one of the world first fintech, social trading platforms tradingfloor.com for Saxo Bank.
He is a shareholder of the fintech social money transfer app Moneymailme and math edutech gamification children’s app Gozoa.
He has been a lecturer at Copenhagen Business School, Groupe INSEEC/Monaco University and other leading world universities.