Press Room
The Future of Finance Lies in AI, Blockchain, Biometrics, and Context Awareness: MIC
September 01, 2017

With the imminent arrival of the digital economy, the finance industry is going to fuel by Fintech to become more technical, more international, and more socially connected, according to David Chou, Director of Business Development & Service Center of MIC (Market Intelligence & Consulting Institute) at the press conference on August 30, 2017. "We beleive that Artificial Intelligence, Blockchain, Biometrics, and Context Awareness are four main technologies that will likely to give intelligent applications and IoT in finance a boost"

The Global Finance Market Development in Next 10 Years



 

Source: MIC, September 2017

"Apart from that, the finance services market is expected to keep expanding but some traditional finance services are to face some disruptive changes. The structure of the finance industry will transform and focus on niche social networks and several finance platform services."

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Market Intelligence & Consulting Institute (MIC), founded in 1987 and based in Taipei, is the Taiwan's premier IT industry research and consulting firm focused on IT product and technology trends in the world, particularly the Asia Pacific region. MIC provides intelligence, in-depth analysis, and strategic consulting services and is part of the Institute for Information Industry. http://mic.iii.org.tw/english

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