Things to look for in 2017 include progress on faster payments in the United States, greater regulatory scrutiny of FinTech here and abroad, and blockchain use cases put into action. FinTech firms will continue to shake up the way consumers invest, insure, and conduct transactions—and card payments will continue to rule.
2017 is almost here! With the end of 2016 comes a wave of grand predictions for next year. As President-elect Donald Trump enters the White House and selects his cabinet members, the future of banking regulations remains uncertain, which could lead banks and FinTech firms to polish current service offerings rather than create new ones.
When you have something particularly wonderful to introduce, I believe the introduction should be as short as possible. Below please find EconVue’s 2017 Forecast. Our mission has been to bring you the unconventional voices you should be listening to about changes in the global economy. Thirteen of our EconVue experts share their views on what will be happening in 2017 in energy, health care, fintech, emerging and developed markets, regulation, and especially, in Washington DC.
This is a piece from Carole Basri, an adjunct professor at both Fordham University Law School and Peking University Law School. She discusses the changes that general counsels and compliance officers should be aware under the new Trump administration since there is a potential for a change in several areas including the following:
1. There will probably be a simplification of existing regulations.
Investors will have to wait and see whether President-elect Donald Trump delivers on campaign promises that range from massive deregulation in the financial sector to trade protectionist actions to make America great again. However certain is that the new administration will emphasize fiscal tools that range from tax cuts to infrastructure spending to stimulate the US economy.
As the year quickly comes to a close, news this week takes a step back to assess the impact of APIs on the financial sector, more emerging insurance trends, and FinTech’s impact on the underbanked and unbanked populations in the U.S. and abroad. We also learned that consumers are waking up to digital banking options, but contrary to the push towards digital everything, people still like cash and plastic cards over mobile wallets. Take a look at these insights and more in this week’s FinTech Rising round-up.