09 Jul BANK ON IT: WHAT’S THE FUTURE OF FINTECH AND FINANCIAL SERVICES?
Fintech futurists, much like their peers in other spaces, focus on anticipating, envisioning, and often shaping the future of the financial technology sector. Noting this, you’ll often find them drawing on trends, data, research, and deep knowledge of both technology and finance to speculate on the direction that the industry may take in the future. Various tasks they might be asked to perform could encompass:
Business Intelligence: Fintech futurists often analyze current trends and developments in technology, finance, consumer behavior, regulatory environments, and more. Afterwards, this information is used to formulate sketches about the future of the fintech industry.
Strategy Planning: Pros here also frequently provide strategic advice to companies, helping them plan for the future. Efforts might include identifying potential new technologies, business models or market opportunities, or advising on potential threats and disruptions.
Thought Leadership: Fintech futurists often act as thought leaders, sharing their visions of the future of the industry through articles, talks, and presentations. You’ll often find folks participating in conferences, seminars, webinars, podcasts, or other public platforms to share their insights and predictions.
Industry Promotion: Practitioners can generally be found advocating for innovation within the financial services sector, encouraging companies to embrace new technologies, methods or ideas that may be important in the future. Think promoting new tech like AI, machine learning, or other emerging trends.
Business Advisory Solutions: Many fintech futurists work as consultants or advisors, helping companies navigate the future of the fintech landscape. Pros may provide advice on everything from technology adoption to strategic planning and change management.
Professional Developments: Experts are also involved in educational roles, training the next generation of fintech leaders or helping existing professionals stay up-to-date with the latest trends and developments.
Policy Influence: Futurists may work with regulatory bodies, helping to inform rukes that will shape the future of the industry. To this extent, they can provide insights into how emerging technologies might need to be regulated, or how existing regulations could be adapted to better foster innovation.
Overall, the goal of a fintech futurist is to help prepare individuals, companies, and even entire economies for the future of finance, ensuring that they’re ready to take advantage of new opportunities and tackle new challenges as they arise.
