Chapter 5: Wealthtech—The Brave New World?

Current trends in FinTech are often competing. Yet, on occasion these trends also complement each other. When looking at each technology trend individually it is not obvious what a world may look like, where all those trends come together. However, this thought experiment provides a foundation for a holistic view on the future of WealthTech. The implications are not only relevant for the main players in the industry, but also society as a whole.

The key trends that will be addressed in this article are Artificial Intelligence, Big Data, Blockchain, Cloud Services, Gamification, Microtransactions, Open APIs, Robotic Process Automation, Smart Contracts, Social Networks, and Virtual Currencies. Each of these trends has some obvious consequences and extrapolating their effects gives us a more vivid outlook on the things to come.