This year, technology has had a significant impact on business, particularly in the financial services industry. The introduction of generative AI has been a game changer, prompting institutions to develop plans for deploying the technology on a larger scale. This has the potential to disrupt how financial markets operate, especially when combined with other advancements such as blockchain and digital assets.
Fintech has also become a key player in strategic decision-making, with the rapid technological developments leading to opportunities and threats that require attention. Many in the industry have begun experimenting and conducting research and development to explore the potential uses of generative AI in investments and other business processes.
While the “crypto-winter” in digital assets has not fully come to an end, there are signs of progress. The Securities and Exchange Commission (SEC) is starting to accommodate investors’ demand for certain digital asset products, providing an opportunity for both traditional and technologically emergent sides of the industry to innovate and develop.