{"id":125545,"date":"2023-07-21T12:16:45","date_gmt":"2023-07-21T12:16:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/5-emerging-digital-finance-trends-to-watch-crypto-news\/"},"modified":"2023-07-21T12:16:49","modified_gmt":"2023-07-21T12:16:49","slug":"5-emerging-digital-finance-trends-to-watch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/5-emerging-digital-finance-trends-to-watch-crypto-news\/","title":{"rendered":"5 emerging digital finance trends to watch\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-2649fa34=\"\">\n<p>The world of finance is rapidly evolving, driven by advancements in technology and changing consumer behaviours.  As humanity moves further into the digital age, several emerging trends are reshaping the financial services landscape.  This article will explore five key digital finance trends that readers should be aware of.<\/p>\n<h2>open banking<\/h2>\n<p>The delivery of financial services is being revolutionized by the disruptive movement known as &#8220;open banking,&#8221; which involves securely transferring consumer financial data between financial organizations with customers&#8217; permission. <\/p>\n<p>Open banking makes it possible for outside developers to create cutting-edge programs and services that use this information to offer specialized financial services.  It gives customers more control over their financial data and greater access to a wider choice of services from various suppliers, promoting competition and accelerating industry innovation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If it&#8217;s true that Open Banking will evolve towards Open Finance, then we will no longer have limits for wanting the Open Economy.  The world of finance could be the forerunner of silo destroyers.  RT <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/antgrasso?ref_src=twsrc%5Etfw\">@antgrasso<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/finserv?src=hash&#038;ref_src=twsrc%5Etfw\">#finserv<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/fintech?src=hash&#038;ref_src=twsrc%5Etfw\">#fintech<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/inclusion?src=hash&#038;ref_src=twsrc%5Etfw\">#inclusion<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iWTPcYlX8m\">pic.twitter.com\/iWTPcYlX8m<\/a><\/p>\n<p>\u2014 Data Society TW (@DataSocietyTW) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DataSocietyTW\/status\/1682188625025421313?ref_src=twsrc%5Etfw\">July 21, 2023<\/a><\/p><\/blockquote>\n<h2>Digital wallets and contactless payments<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/learn\/bitcoin-wallets-a-beginners-guide-to-storing-btc\">digital wallets<\/a> and contactless payments are quickly gaining acceptance as quick, safe, convenient alternatives to conventional payment methods.  Thanks to the proliferation of mobile payment apps like Apple Pay, Google Pay and Samsung Pay, consumers can safely save their payment card information on their smartphones and make purchases by simply tapping their phones on contactless payment terminals. <\/p>\n<p>These digital wallets reduce the risk of fraud while increasing ease and enhancing security by substituting sensitive card data with encrypted tokens.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/how-can-ai-be-used-to-improve-credit-scoring\"><strong><em>How can AI be used to improve credit scoring?<\/em><\/strong><\/a><\/p>\n<h2>Blockchain technology and cryptocurrencies<\/h2>\n<p>In recent years, cryptocurrencies such as Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) and Ether (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\">eth<\/a>) have drawn a lot of attention.  Blockchains \u2014 decentralized networks that offer transparency, security and immutability \u2014 power these digital assets.  While the use of cryptocurrencies for regular transactions is still in its infancy, they have the ability to upend established financial systems by allowing peer-to-peer trades that are quicker, less expensive and borderless. <\/p>\n<p>Aside from cryptocurrencies, blockchain technology is also being investigated for use in fields like supply chain management, identity verification and smart contracts.  These applications promise to boost the efficiency and transparency of many financial operations.<\/p>\n<h2>Robo-advisors and AI-powered financial services<\/h2>\n<p>Robo-advisors are automated investment platforms that offer individualized financial planning and asset management services using algorithms and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/a-brief-history-of-artificial-intelligence\">artificial intelligence (AI).<\/a> These platforms build individualized investment portfolios for clients by analyzing a tremendous amount of data, including risk tolerance, financial objectives and market patterns. <\/p>\n<p>Robo-advisors appeal to tech-savvy investors who favor a digital-first strategy, and they charge lower fees than conventional human advisors.  Other financial services such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/explained\/how-is-artificial-intelligence-revolutionizing-financial-services\">fraud detection<\/a>credit scoring and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/7-potential-use-cases-of-chatbots-in-banking\">chatbot-based customer care<\/a> are now using AI-powered solutions to streamline operations and enhance consumer experiences.<\/p>\n<figure><\/figure>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/9-essential-finance-terms-you-must-know\"><strong><em>9 essential finance terms you must know<\/em><\/strong><\/a><\/p>\n<h2>Embedded finance<\/h2>\n<p>Embedded finance is the integration of financial services into software and systems that are not financial in nature.  This development makes it possible for companies in a variety of sectors \u2014 including e-commerce, ride-sharing and retail \u2014 to provide their clients with financial goods and services. <\/p>\n<p>For instance, a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/explained\/an-overview-of-peer-to-peer-ridesharing-using-blockchain\">ride-sharing service<\/a> might give users access to insurance or microloans directly within the app, while an e-commerce platform might provide options for installment payments.  By utilizing their current user populations and data, embedded finance enables businesses to strengthen their value offerings, increase consumer engagement and develop new revenue sources.  It dissolves the distinctions between conventional financial institutions and other industries, spurring more innovation and competition.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"\/><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world of finance is rapidly evolving, driven by advancements in technology and changing consumer behaviours. As humanity moves further into the digital age, several emerging trends are reshaping the financial services landscape. This article will explore five key digital finance trends that readers should be aware of. open banking The delivery of financial services [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":125546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-125545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=125545"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125545\/revisions"}],"predecessor-version":[{"id":125547,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125545\/revisions\/125547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/125546"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=125545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=125545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=125545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}