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As with every other major industry and sector, the rapid proliferation and advancement of technological progress is changing the world of finance. But are we using available technology to maximum benefit? Are we adapting to the changing landscape as quickly and adeptly as we could? Speaking from the perspective of a digital influencer with 10 years of experience in the financial industry, I say that we can and must do better.

by Grace Reyes, President of AAAIM

In healthcare, high-tech functionality is marrying traditional models of care (as seen in the recent announcement between Apple and Aetna). In food and beverage, technology that will transform our retail food experience is currently being tested and fine-tuned. In the automotive sector, driverless cars are emerging from the ether of innovation. All around us, the progression of the digital revolution is changing the way we buy, live and think.

Experts are calling our current climate the fourth industrial revolution — the evolution of a phenomenon that began in human civilization around 1760 and has seen multiple surges in growth and innovation since then. This was the theme of this year’s World Economic Forum in Davos, Switzerland, which just wrapped up a few weeks ago. According to forum speakers, the difference between our current revolution and past periods of innovation is not just found in the advancement of our technology, but in the rate of acceleration. For example, look at the adoption of the telephone. It took 75 years for 100 million people to get access to the telephone. By contrast, the game “Pokemon Go” app garnered that many users in a single month in 2016. …

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FinTech Weekly is a news service for the FS industry. Our newsletter comes out weekly, wrapping up the most important insights and strategies from the past week

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