Research has revealed the top 10 technologies set to disrupt the
fintech industry in 2018 and 2019.
Juniper’s 3 Disruptive Technologies to Watch in 2018:
For more insights, download the free whitepaper: 3
Disruptive Technologies to Watch in 2018
The new research, Top
10 Disruptive Technologies in Fintech: 2018, found a wealth of
positive changes stemming from emerging technologies in the fintech
1. Data Mining
Whilst the introduction of GDPR (General Data Protection Regulation) in
the EU poses the risk of substantial fines for those in contravention,
Juniper believes the changes provide significant opportunity to
companies offering data that has been sourced honestly and in a
transparent manner, an opt-in model allowing for data collection and
Businesses such as ShareRoot, a specialist in data protection,
will benefit. The research also praises Microsoft, which announced plans
to impose GDPR restrictions across all operations worldwide, not just
for EU customers, and argues that this approach should see replication
by other global businesses.
2. Decentralised Apps
The coming year will see a significant expansion in the deployment of
Decentralised Apps (Dapps). Utilising blockchain as their underlying
technology, these will create an innovative open-source software
ecosystem, both secure and easy to develop for.
Research author Lauren Foye explained: “Dapps will pool resources
across numerous machines globally, harnessing the power of thousands of
idle computers. The results are applications which do not belong to a
sole entity; rather are community driven”.
Whilst the requirement to use crypto-based tokens as payment could be
seen as a barrier, the desire for a secure, recorded series of processes
will drive adoption, with users willing to spend for the benefit and
peace of mind.
3. Quantum Computing
Juniper believes 2018 will see quantum supremacy, a quantum computer
that can carry out tasks that are not possible or practical with a
traditional computer. Implications include the rapid solving of complex
algorithms, redefining areas such as fintech, logistics, and research &
development. Whilst mainstream use is unlikely until 2023 at the
earliest, industry players should plan accordingly, to avoid falling
Juniper Research provides research and analytical services to the global
hi-tech communications sector, providing consultancy, analyst reports
and industry commentary.
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