Fintech trends to pay attention to as we near 2019

With the unprecedented rise of blockchain and its offspring cryptocurrency, the fintech industry has undergone seismic upheavals in recent years. Indeed, blockchain is considered by experts as the most disruptive technology to arrive in the last decade. But 2018 is almost over and other trends are on the rise. Let’s look at the top three emerging technologies that are, while by themselves mostly offshoots of blockchain, may prove equally disruptive.


The first trend to watch is the rise of Decentralized Apps or Dapps for short. Expect wider deployment of apps that work within the canopy technology of blockchain. With Dapps, an open-source software ecosystem will arise globally, pooling resources across a variety of machines, even from idle PCs. It is seen as both easy and secure to develop, leading to a more liberated, community-owned setup.

Data mining is already all the rage but expect it to gain a more streamlined policing infrastructure, benefiting those that harness data with transparency and honesty in mind. This is the immediate impact of the arrival of the GDPR or General Data Protection Regulation, which is now mainly implemented in the EU. Tech giant Microsoft is at the forefront of implementing GDPR restrictions on a more global scale.


Finally, as cryptocurrency gains more mainstream acceptance, so will the need for more secure processes. With this demand comes huge leaps in quantum computing technology. Quantum-powered PCs can do computations way beyond current standard computers, allowing for even faster fintech logistics handling and the solving of complex algorithms.


My name is Steve Sorensen and I’m a certified public accountant and business writer based in Colorado. I help provide companies with strategies for avoiding employee embezzlement, legally lowering taxes, and improving their overall financial structure. More finance tips and insights here.