According to Paul Shumsky, a Technology Advisor and Finextra blog contributor, the most relevant digital banking and fintech trends to watch out are:
Microservices – with its versatile ability to assist legacy-based companies catch up with the current financial landscape and provide a seamless experience for customers.
Artificial Intelligence (AI) and Machine Learning (ML) – with their ability to assist the financial sector in preventing money laundering and other fraudulent activities.
Decentralized Finance (DeFi) – with its potential to create services, through the use of the blockchain network, without the requirement for traditional financial institutions and mediators.
Predictive Analytics – with a focus on past actions as a way to calculate how future activity through the use of big data and algorithms.
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