{"id":12117,"date":"2019-01-21T22:55:18","date_gmt":"2019-01-21T22:55:18","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12117"},"modified":"2019-01-21T22:55:19","modified_gmt":"2019-01-21T22:55:19","slug":"how-events-from-2018-will-impact-fintech-in-2019","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/how-events-from-2018-will-impact-fintech-in-2019\/","title":{"rendered":"How events from 2018 will impact FinTech in 2019"},"content":{"rendered":"<p>A lot happened in 2018 \u2013 everything from Facebook\u2019s Cambridge Analytica scandal and the net neutrality debate to cryptocurrency\u2019s volatility and Brexit negotiations. Many of these events will impact FinTech in 2019, especially in the following areas:<\/p>\n<ul>\n<li><strong>Going cashless<\/strong> \u2013 2018 saw more and more cashless options being delivered to an increasing number of people, including the unbanked and underbanked; however, cash is still necessary for many. Mobile payments, card swiping and contactless transactions are expected to continue reducing the need for cash this year. In fact, 2019 could place Sweden and Australia one step closer to becoming completely cashless within the next 2-3 years.<\/li>\n<li><strong>Immigration<\/strong> \u2013 many FinTechs have a longstanding reputation of wanting to help those who are unbanked, especially those emigrating from developing countries and into developed countries. Biometric technology could be useful here as it gives immigrants a foothold in financial systems. It will be interesting to see how this plays out in 2019.<\/li>\n<li><strong>Brexit<\/strong> \u2013 many financial institutions and FinTechs have already taken steps to set up in various European cities, fearing that the uncertainty around Brexit could leave London as the <em>former<\/em> leading financial center. This time of uncertainty is especially difficult for smaller businesses and those wanting to enter United Kingdom (UK) markets. FinTechs still have an opportunity here though. By providing consumers with transparency and information not being given to them by traditional financial institutions and governments, they can provide stability and reassurance to those living in uncertain times.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-12117 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Cybersecurity Trends for 2024'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/cybersecurity-trends-for-2024\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/12\/6264fc1b-bf77-33f0-66a0-f0d23aae12c21-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17408\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17408'>\n\t\t\t\tCybersecurity Trends for 2024\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How artificial intelligence is changing fintech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-artificial-intelligence-is-changing-fintech\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/01\/article-591bc60e30444-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8057\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8057'>\n\t\t\t\tHow artificial intelligence is changing fintech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 1st \u2013 8th May'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-1st-8th-may\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/Untitled-2-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14898\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14898'>\n\t\t\t\tBFC FinTech Monitor 1st \u2013 8th May\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A lot happened in 2018 \u2013 everything from Facebook\u2019s Cambridge Analytica scandal and the net neutrality debate to cryptocurrency\u2019s volatility and Brexit negotiations. Many of these events will impact FinTech in 2019, especially in the following areas: Going cashless \u2013 2018 saw more and more cashless options being delivered to an increasing number of people, &hellip;<\/p>\n","protected":false},"author":5,"featured_media":12176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[77,206,70,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12117"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=12117"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12117\/revisions"}],"predecessor-version":[{"id":12165,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12117\/revisions\/12165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/12176"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=12117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=12117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=12117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}