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Research Outline
Prepared for Marilyne C. | Delivered April 7, 2020
Technology and the Future of Credit
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Goals
To find information on whether financial and fintech institutions combine technologies in the future of credit such as BaaS and blockchain.
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Early Findings
Technology and the Future of Credit
The potential disruption that technologies will have in the future of credit point to the possibility that financial institutions and fintech companies will
combine various technologies
to offer services to consumers.
As detailed before examples of technologies that are expected to permanently change the financial industry and banking sector are
artificial intelligence, blockchain
, and cloud computing.
Additional technological trends that are bound to have an impact on the future of credit include using
data and AI for personalization
at scale, voice-first banking, open banking, digital-only banking,
cybersecurity, big tech companies
such Google, Amazon, Facebook and Apple entering the financial sector,
blockchain, and cloud computing.
As is expected with technology, Banks and other financial institutions that offer credit to consumers are bound to use a
combination of different technologies
so that they remain adapt to the changes that are coming to the industry to ensure they retain competitive positions.
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