DataArt predicts that 2016 will be the “Year of the Consumer” for financial technology

Bobsguide features a list of 2016 technology trends for the financial services industry as outlined by Alexei Miller, managing partner at DataArt. Among the key drivers of the financial technology sector will be customer demands on the banking industry, driving the development of digital platforms. 2016 will also be the year in which many financial sector firms will be scrambling to meet deadlines for new financial compliance measures, leading to a new business culture and behavioral trading becoming a leading trend.

“Customer expectation demands the continuous development of digital platforms to enable ever more convenient and easily accessible modes of operating in consumer finance. Expect in 2016 that banks and wealth management firms will continue to advance their technology in order to set themselves above the rest of the financial field.

..This will be the year in which data management platforms will be developed in earnest. Management of data within compliance guidelines is an issue of real concern and this will be the year that financial firms will address it with the development of innovative data governance solutions.”

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