Assignment 12 The Future With Fintech, Crypto and Ai: 1 Juan Perea Mba Financial Services

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Assignment 12

The future with FinTech, Crypto and AI

Fintech companies have ended up occupying their space supported by new consumer habits in

increasingly digital generations. They are known as the "invisible bank." And that is precisely

their challenge: to make technology invisible for the client. In the case of Spain, this challenge is

compounded by the need to make the leap to internationalization.

Fintech companies appeared, both in Asia Pacific and in the US and Europe, because they are a

global phenomenon. They were born because technology obtained it and because it evolved at

the same time that new business models based on the network emerged. We can consider that its

market share is not yet very important in terms of volume, but what is certain is that the growth

has been and is exponential.

Fintech is the innovative use of technology in the design and delivery of financial services; and it

has the power and potential to change the dynamics of banking as we know it. It does this with

the introduction of artificial intelligence.

We are going through one of the greatest transformations in financial history and the people most

affected will be the bankers, as these positions in the future will require skills, knowledge and

personalities very different from those of the present.

At the same time, some of the most impressive innovations became part of our day to day:

iPhones, Airbnb, Uber, WhatsApp or WeChat are some examples. User usage created a gap

between what banks offer and the user experience and level of convenience consumers want.

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Juan Perea MBA Financial services.
Now Fintech startups offer products that previously belonged only to traditional banking, so that

people can obtain loans through peer-to-peer lending platforms; have access to robotic consulting

options that offer asset management that are more transparent and cheaper than previous

alternatives; among other things.

We can also say that cryptocurrencies show new alternatives in transactions through these virtual

currencies. One of the advantages of this formula is that its value in use does not depend on a

specific place, but is an innovative concept open to the universality of a global moment that has

generated a new mentality and possibilities unthinkable a few years ago.

Most of these new proposals operate with a blockchain technology system, a commitment to

decentralization that has created a turning point in the notion of the Internet held so far.

What are the cryptocurrencies with the most future? Here are some of the most important ones.

These are some of the many cryptocurrencies that are going to take the future of finance Bitcoin.

This resource can be used as a means of payment in the exchange of goods through direct action

between the agents involved in this process. While with other traditional forms of payment, the

one who makes the purchase has to provide personal data of himself with the possible security

risk that exists in the event of information theft if any computer vulnerability is generated, one of

the strengths of this cryptocurrency is that protection of the identity of the user who does not

have to communicate sensitive material about himself.

Ether

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Juan Perea MBA Financial services.
The offer of options is wider. Although Bitcoin is essential in this field, this second virtual

currency is also important. The main property of this element is that its use is only valid when it

is done within the platform that bears the name of Ethereum.

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Juan Perea MBA Financial services.

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