5 Emerging Digital Finance Trends to Watch

Explore five emerging digital finance trends that are shaping the financial landscape in the digital age.

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The world of finance is changing rapidly, driven by advances in technology and changing consumer behavior. As humanity moves forward into the digital age, several emerging trends are reshaping the landscape of financial services. This article explores five key trends in digital finance that readers should be aware of.

Open bank

The delivery of financial services is being revolutionized by the disruptive movement known as "open banking", which involves the secure transfer of consumer financial data between financial organizations with the authorization of customers.

Open banking allows external developers to create cutting-edge programs and services that use this information to deliver specialized financial services. It gives customers more control over their financial data and better access to a wider choice of services from diverse providers, fostering competition and accelerating industry innovation.

If it is true that Open Banking will evolve towards Open Finance, then we will no longer have any limits to wanting the Open Economy. The world of finance could be the precursor to the destroyers of silos. RT @antgrasso #finserv #fintech #inclusion pic.twitter.com/iWTPcYlX8m

— TW Data Society (@DataSocietyTW) July 21, 2023 Digital wallets and contactless payments

Digital wallets and contactless payments are increasingly accepted as fast, secure and convenient alternatives to conventional payment methods. With the proliferation of mobile payment apps like Apple Pay, Google Pay and Samsung Pay, consumers can secure...