The world we live in changes rapidly. Predicting the future has become more complicated than it ever was. “Some might call it an age of VUCA, an acronym that stands for Volatility, Uncertainty, Complexity, and Ambiguity,” according to Matsubara Fumiaki, Senior Vice President at NEC Corporation.
In the modern world, traditional methods might not be able to keep up with the pace. Survival in this chaotic environment demands an opportunity to keep up with the ever-changing world and staying on top of the global trends by quickly adapting to new technologies. To maintain superiority over their competitors, companies will have to modernize their business models by understanding the potential of advanced Information Technology. Due to a perfect blend of everything that is needed to grow your business in the 21st Century, Fintech will be one of the most prominent players in the battleground of digital transformation. Fintech is increasingly becoming an essential part of the fabric of the global financial ecosystem. Industries on every scale are trying to harness this opportunity and scale much faster.
Digital Impact of FinTech on Global Economy:
With the world translating in bits and signals, globally, there is a colossal moment to use technology to process money faster and transparent. The FinTech sector is blending AI into the mix in a lot of different ways, having one common goal: to solve advanced customer needs rising from the realm of digitization.
Due to the sudden increase in the speed of every operation in the world, customers expect their money to work the same way. AI can be used to track spending habits, analyze account activity, investigate decisions, and perform constant deep learning of its client’s actions. As said earlier, this transformation is speeding up the way your money behaves. To put things in perspective, the same transaction that took ten days to complete has come down to 4 hours.
For the past five years, the fintech industry has been going through a digital and technological transformation with many services moving online. There has been an acceleration in these digital transformations, especially during the COVID-19 pandemic. Advanced technologies including blockchain & AI are now set to play center stage in this movement.
To know more join the Road To TiEcon’s FinTech panel about Accelerating Digital Transformation. An in-depth discussion with luminaries from leading-edge organizations including Daniela Barbosa, Vice President, Worldwide Alliance Hyperledger, The Linux Foundation, Darrell ODonnell, CTO, CULedger, J Ayo Akinyele, CEO & Co-founder, Bolt Labs, Moses Kusasira, CEO & Founder, AfroStash and Veena Gundavelli, Founder/CEO, Emagia.
To register for Road To TiEcon on June 24th, click here: https://8t6.me/tieconreg
TiEcon is one of the largest global conferences dedicated to fostering entrepreneurship. It will take place on September 2nd and 3rd from 8 AM to 12 PM PDT. To know more, visit www.tiecon.org.
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