Article by Samantha Sharf
Earlier this week I posted a simple question to Twitter –
“Fintech founders/investors/enthusiasts: What's your top prediction for how tech will change our $$$ lives in 2016?”
Just like Amazon changed the face of retail, Apple wreaked havoc on the music industry and Uber is rewriting the rules of the roads, finance is finally getting its day in the disruption sun. A lot has changed already. Technology and the startups wielding it are transforming how money is stored, moved and spent. Nearly every aspect of our financial lives is liable to become cheaper, faster and more convenient.
With Ernst & Young predicting fintech usage could double in 2016, the question of what lies ahead has never been more relevant.
The responses provided by fintech founders and CEOs — many of them of our Fintech 50 companies — to my query were diverse and thoughtful. Yes, many talked their books but even self serving predictions can tell us a lot about where these companies, and financial technology at large, are heading. A sampling of response below.
Jon Stein, Founder and CEO Betterment
.@samsharf we'll see the beginning of the end of the Retirement Crisis with greater access to advice via low cost services and better 401ks
Stephane Dubois, Founder and CEO Xignite
@samsharf 2016 = Frictionless Finance. No minimums. No costs. Broad access to complex products. Investing as easy as buying a gift card.
Jake Fuentes, Founder and CEO Level Money
@samsharf major roboadvisor acquisition, personal finance will finally become integrated and automated, blockchain will find its killer app
Read all predictions at Forbes.com.