FinTech: Hottest Trends For 2017


World’s Tallest Mass Timber Building

The Australian software company Atlassian is putting...

Elon Musk, Tesla and SpaceX CEO

The God Of Tech

Musk seems to be everywhere all at...

Science And Technology Park Opened In Nis

The Science and Technology Park in Nis,...

Jeff Bezos Could Become World’s First Trillionaire

We already have trillion-dollar companies. How soon...


Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that a six-member medical team has arrived in Serbia: two anesthesiologists, one emergency...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...

Many FinTech experts agree that 2017 will be all about artificial intelligence. As the capabilities of AI evolve, FinTech companies will harness this technology to make better decisions and offer improved solutions. They’ll make use of predictive analytics to break down big data and analyse large volumes of consumer information. APIs will allow for seamless integration and partnerships between established banks and FinTech start-ups.

This will create an enhanced user experience, with more intuitive interfaces, assisted customer interactions and robot-advice. To maximise the benefits of Artificial intelligence (AI) in 2017, banks will need to develop a better understanding of “off-the-shelf offerings” and “architectural requirements.” They should also “carefully look into features (such as scalability of solutions) and check on regulatory aspects,” while deploying AI.


In 2017, almost a quarter of all U.S. adult smartphone users (45.8 million people) will use a P2P payment app at least once a month. According to the Pew Research Centre, 72 per cent of U.S. adults now owns a smartphone, which means there will be greater demand for mobile transactions. Mobile and contactless solutions will continue to gain traction in the coming year. This will allow retailers and payment providers to offer seamless transactions for purchases of all types and sizes.

This will impact our day-to-day lives significantly in the coming years. An upwardly mobile world combined with improved technology will create “more opportunity for disruptive models to find success,” which can only be good news for FinTech.

Just as we can cross borders without speaking to a customs official with an e-chip passport, we’ll start to identify ourselves the same way when making payments. Over the next few months, we’ll see mobile apps appearing that use biometric information for completing payment transactions


As consumer purchasing habits evolve, the smartphone attached to your hand will be more important than a physical credit card. With contactless card transactions expected to double worldwide by 2021, you’ll start leaving your wallet at home this year. FinTech companies and apps will make purchasing easier and stores will allow payments directly from a mobile.

There will be less need for separate cards and cash as one-click purchasing from your handheld will become the new norm. If you’re the kind of person who struggles to get out of the house with all your necessary personal items, then you finally have one less thing to think about.


As mobile and contactless transactions increase, there will be a need for improved security measures to prevent fraud. This will shift to being biometric in nature and make consumer data infinitely more precious. According to Engadget, fingerprints alone are not enough. So, it’s likely that transactions will involve multistep security, such as fingerprint recognition, face recognition or iris scans. Pretty great if you’re always forgetting your passwords!

This technology is already widely used in government applications but will move towards consumer transactions this year. Just as we can cross borders without speaking to a customs official with an e-chip passport, we’ll start to identify ourselves the same way when making payments. Over the next few months, we’ll see mobile apps appearing that use biometric information for completing payment transactions.

Related Articles

Export of ICT services today by far largest net export branch of Serbia

Prime Minister Ana Brnabić said that net exports of ICT services from Serbia in the first three months of this year increased by as...

Fintech sector: The ‘Financial Web’

The Fintech revolution is happening right now, led by London as one of the most innovative cities, and it is important for small businesses...

Ghela Boskovich, FemTech Founder, Head Of FinTech & RegTech

Partnerships From Disruption To Collaboration

Ghela Boskovich is the mind behind the FemTech movement and the head of FinTech and RegTech Partnerships at Rainmaking Innovation, home of Startupbootcamp, and...

xCEEd: Roadmapping The Digital (r)Evolution

Belgrade is hosting the first digital finance and FinTech event in Central and Eastern Europe from 17th to 19th May, organised by financial institutions for financial institutions, which will gather together in one place the top leaders of the financial sector