Five FinTech Predictions for 2018

Predictions: “Methods including water divining, astrology, numerology, fortune telling, interpretation of dreams, and many other forms of divination, have been used for millennia to attempt to predict the future. These means of prediction have not been proven by scientific experiments.” (Wikipedia)

I have no experience in any of the above but it seems like the time of year when every man and his dog decides to make a prediction about the future. I thought I might as well have a crack at predicting what I think might happen in the world of FinTech during the next year…



1) Aggregation

We have seen challenger banks like Monzo and Starling roll out current accounts, FX payments companies like Revolut tackling foreign currency transfers and ‘robo-advisers’ like Nutmeg manage digital investments.

These FinTech offerings have matured to the point where we have a range of choice within each sub-sector; there are multiple companies that will give you an app for whatever you want to do with your money. But consumers are starting to want ease of use more than shiny and new.

2018 will be the year of aggregation and convergence. The Monzo and Starling strategies are different but seem to be heading for a similar end goal: marketplace banking. People love choice and it’s great to have different service providers giving you the best deals on all your financial products. But do I really want one app each for my mortgage, my current account and my international currency conversions?

One company leading with this trend is Curve – the card that could replace all your other cards. You can choose which card it becomes, and even “time-travel” backwards to change the card you used for a transaction, in case you used one that has no money on it!

This is just one example of what I think will be a bigger convergence of FinTech apps in 2018 – because we all like ease of use as well as greater choice.  (If you’re reading this Curve, it’s my life goal for 2018 to get your card to simplify my ridiculous wallet, so please send me one!)


2) Crypto for the masses

Bitcoin prices went crazy in Q4 of 2017, everyone wants a piece. Hovering close to $20,000 for one bitcoin, the price of this cryptocurrency drove Coinbase to be the no.1 downloaded app in the US App Store at a certain point in December.

Demand is there, but is where’s the supply?

It seems most people are seeing the meteoric price rises and want to HODL (hold on for dear life). But more and more very early buyers are cashing out in small amounts – they have made ridiculous sums already. There are also miners making money who will be selling bitcoins.

The problem with the state of crypto now is that it is difficult to understand and difficult to enter into the space as an average person. You can trade certain better-known cryptocurrencies on platforms like eToro, and Coinbase is the top app for buying and selling. But it has high fees and gives you no control over your own private keys.

2018 will be the year when more consumer-friendly applications emerge to enable people like you and me to actually use cryptocurrencies.

That’s very exciting in itself, but remember to research and understand what you’re buying if you’re planning on putting money into these things. If it all goes tits up, there’s no helpline or customer service desk – your money will be lost.


3) PSD2 (EU) & Open Banking (UK) implementation

In January 2018 the EU’s second Payment Services Directive will come into effect. I wrote about PSD2 and Open Banking (the UK’s implementation of open data access in banking) in this post a few weeks ago.

PSD2 will let you authorise any registered and approved company to access your bank account and either give you information based on your data, or make payments on your behalf.

It’s likely large technology companies like Facebook, Google and Amazon will jump in here, harnessing the huge volumes of non-financial data they already have for customers to offer them an even more personalised service.

Smaller FinTechs also have an opportunity to provide new services to customers. But no one really understands what’s going on with PSD2 or Open Banking. Unless you work in finance you might not even have heard of it.

So unless banks and regulators start educating people on how things will change, we won’t start seeing the effects of PSD2 because there won’t be the demand for the new things that could be offered.



4) Slow down of first-time adopters

Monzo has been going over 2 years and has amassed more than 470,000 customers in the UK during that time. Revolut has over a million customers across Europe. Many of these people are young, tech-savvy and interested in FinTech, some may even work in the sector. I predict that there will be a point in 2018 when this huge customer growth slows down.

Because after the millennial FinTech lovers, who will bother switching to a digital bank?

The Current Account Switch service has been around since 2013 in the UK and the website says over 3 million accounts have been switched since then. But most people find it painful and complicated to think about dealing with their finances. FinTech offerings are supposedly there to remedy that, but I’m not sure everyone’s got the memo… Yet.

I am a FinTech fan (obviously) and even I wouldn’t have made it into the ‘Super-user’ category in EY’s FinTech Adoption Index 2017 (using 5 or more FinTech services).  So there will be a slower growth curve I suspect in new customers rushing to FinTechs next year.

This is why I find Starling so interesting… Because according to Julian Sawyer’s (the COO) talk at FinTech Connect Live a couple of weeks ago, they want to target people who currently bank with one of the larger incumbent banks and who would like to switch to a digital offering.

Not the young techies who want the cool new FinTech app and the bright coral card this year, moving onto the future cool new thing next year. That’s the real challenge for FinTechs – after the first wave of adoption – can you attract everyone else?


5) Commercial use and adoption of blockchain technology (past POCs)

2018 will be the test of blockchain technology in enterprise across different industries – not only financial services. Both public, permissionless and private, permissioned networks will be implemented by large corporate organisations beyond the Proof of Concept phase we have seen to date.

This may be accompanied by high-profile ‘failures’ – for example hacks or operational issues, but I think 2018 will be the year that people see the potential of blockchain technology in a more concrete way.

On a smaller scale, startups will continue to raise funding and ICOs probably won’t go anywhere. Some people have predicted a decrease in ICO popularity in future, which could happen as regulators globally start making more pronouncements and weighing in.

But equally the regulation and adoption of best practices and standardisation of ICOs might make it an attractive way to raise funds for companies that were previously nervous of this emergent area.

Therefore 2018 might not be the year of ICO decrease, but of a higher quality of ICO in the market. You could argue this necessarily means fewer ICOs, if you think the large majority are scams, but I’ll leave that up to you!

No one knows how to predict the future (Brexit, Trump and Bitcoin are all good examples), despite the ‘millennia’ that we have apparently been practising for. At some point during 2018 we can come back to this post and see whether I was at least partly on track or just completely nuts!

425 Trackbacks / Pingbacks

  1. buy cialis online no prescription
  2. buy cialis
  3. tadalafil generic
  4. sildenafil citrate
  5. sildenafil 100mg coupon
  6. buy viagra
  7. cialis
  8. viagra
  9. sildenafil 100mg
  10. cialis generic
  11. cialis coupon
  12. cialis 20mg
  13. levitra
  14. generic cialis
  15. cialis online
  16. tadalafil 5mg
  17. tadalafil 20mg
  18. viagra tablets
  19. sildenafil
  20. tadalafil
  21. cialis dosage
  22. cialis prices
  23. cialis tablets
  24. viagra vs cialis
  25. generic viagra
  26. viagra connect
  27. viagra without doctor prescription
  28. viagra natural
  29. cialis online without a prescription
  30. online prescriptions without a doctor
  31. cialis vs viagra
  32. tadalafil 20 mg
  33. cialis 20 mg
  34. cialis 5 mg
  35. cialis pills
  36. cheap cialis
  37. cialis coupons
  38. cialis canada
  39. viagra pills
  40. viagra 100mg
  41. viagra online
  42. viagra prices
  43. viagra generic
  44. generic viagra 100mg
  45. viagra coupons
  46. cheap viagra
  47. generic viagra available
  48. buy viagra online
  49. viagra tablet
  50. sildenafil 20 mg
  51. sildenafil 100
  52. buy biaxin
  53. buy ceftin
  54. buy chloromycetin
  55. buy biaxin online
  56. buy ceftin online
  57. chloromycetin
  58. buy cordarone
  59. cialis 20mg generic
  60. generic cialis 20mg
  61. generic cialis available
  62. generic cialis tadalafil
  63. female viagra
  64. sildenafil tablets
  65. prednisone 20 mg
  66. buy sildenafil
  67. sildenafil generic
  68. viagra doctor prescription
  69. sildenafil 50 mg
  70. sildenafil coupons
  71. sildenafil 100 mg
  72. sildenafil citrate 100mg
  73. buy cialis online
  74. cialis tadalafil
  75. sildenafil citrate tablets
  76. fluoxetine 20 mg
  77. prozac generic
  78. bactrim ds
  79. biaxin antibiotic
  80. ceftin antibiotic
  81. cephalexin 500mg
  82. ciprofloxacin 500mg
  83. fluconazole 150 mg
  84. levofloxacin 500 mg
  85. cefdinir 300 mg
  86. bactrim antibiotic
  87. azithromycin 250 mg
  88. baclofen
  89. 100mg viagra without a doctor prescription
  90. natural viagra
  91. viagra on line
  92. over the counter viagra
  93. female viagra pills
  94. viagra for men
  95. viagra for women
  96. viagra without a doctor prescription
  97. viagra without a doctor prescription usa
  98. viagra medicine online order
  99. viagra without doctor prescription usa
  100. cialis generico
  101. cialis generika
  102. tadalafila
  103. amitriptyline 100 for migraine
  104. roboxin and baclofen
  105. doxepin and escitalopram
  106. how long taking prednisone will you gain weight
  107. prescriptions from canada without
  108. canadian pharmacies that ship to us
  109. Viagra lowest price
  110. Viagra 20mg prix en pharmacie
  111. Viagra pills
  112. Viagra for daily use
  113. Cialis 5 mg
  114. cialis cost
  115. cialis cooupons
  116. cialis free trial
  117. atorvastatin
  118. cymbalta
  119. levitra generic
  120. Generic cialis
  121. atorvastatin 10 mg
  122. cymbalta dosage
  123. cialis online pharmacy
  124. atorvastatin 10mg
  125. cymbalta for pain
  126. levitra 20 mg
  127. cymbalta generic
  128. levitra coupon
  129. cymbalta medication
  130. levitra dosage
  131. cialis side effects
  132. cymbalta reviews
  133. cymbalta side effects
  134. levitra vs viagra
  135. cymbalta withdrawal
  136. vardenafil
  137. duloxetine
  138. vardenafil 20 mg
  139. duloxetine 20 mg
  140. vardenafil 20mg
  141. duloxetine hcl
  142. duloxetine side effectss
  143. duloxetine 60 mg
  144. Viagra 20mg
  145. buy cialis generic tadalafil
  146. augmentin
  147. levaquin
  148. augmentin 875
  149. buy levitra
  150. levaquin 500 mg
  151. augmentin 875 mg
  152. levaquin 750 mg
  153. cheap levitra
  154. buy levitra online
  155. augmentin and alcohol
  156. levaquin antibiotic
  157. augmentin antibiotic
  158. generic levitra
  159. levaquin dosage
  160. augmentin dosage
  161. levaquin for uti
  162. augmentin dose
  163. levaquin lawsuit
  164. augmentin for dogs
  165. cialis 20mg tablets prices
  166. cialis 20mg tablet prices
  167. buy levitra online
  168. levaquin renal dose
  169. levitra 20mg
  170. augmentin for uti
  171. levitra cost
  172. levaquin side effects
  173. augmentin side effects
  174. levaquin uses
  175. levitra 10 mg kopen
  176. augmentin uses
  177. what is levaquin
  178. augmentin vs amoxicillin
  179. levitra online
  180. side effects augmentin
  181. cialis generic availability
  182. what is augmentin
  183. cialis generic pharmacy
  184. levitra prices
  185. cialis pharmacy
  186. levitra recviews
  187. levitra side effects
  188. levitra vs cialis
  189. cialis tablets australia
  190. cialis without a doctor prescription
  191. vardenafil generic
  192. vardenafil hcl 20mg
  193. what is levitra
  194. canadian pharmacy levitra
  195. canadian levitra
  196. generic cialis tadalafil uk
  197. tadalafil without a doctor prescription
  198. free cialis
  199. 5mg cialis
  200. free cialis coupon
  201. cialis copay card
  202. free cialis samples
  203. cialis patent expiration
  204. buying cialis online
  205. generic cialis canada
  206. canadian cialis
  207. cialis coupons printable
  208. cialis price
  209. generic cialis reviews
  210. canadian pharmacy cialis
  211. cialis daily
  212. cialis professional
  213. cialis reviews
  214. generic for cialis
  215. cheap cialis generic
  216. cialis dosage information
  217. cialis samples
  218. cheap generic cialis
  219. cialis drug interactions
  220. cialis saving card
  221. liquid cialis
  222. cialis for sale
  223. marley generics cialis
  224. cialis for women
  225. cialis soft
  226. natural cialis
  227. cialis 5mg
  228. no prescription cialis
  229. cialis 5mg coupon
  230. cialis from canada
  231. cialis walmart
  232. non prescription cialis
  233. cialis wikipedia
  234. online cialis
  235. cialis generic canada
  236. cialis without prescription
  237. otc cialis
  238. cialis and alcohol
  239. cialis medication
  240. cost of cialis
  241. tadalista vs cialis
  242. cialis black
  243. cialis on line
  244. discount cialis
  245. Viagra generika
  246. Interactions for viagra
  247. buy viagra pills
  248. dutch women viagra
  249. generic viagra online pharmacy
  250. cialis over the counter at walmart
  251. pfizer generic viagra
  252. sildenafil 20 mg tablet vs viagra
  253. sophia viagra
  254. viagra dosage recommendations
  255. viagra for sale
  256. cialis generic name
  257. cialis generic tadalafil
  258. viagra online canada pharmacy
  259. cialis generic tadalafil 10mg
  260. cialis generic tadalafil 60mg
  261. cialis generic tadalafil walmart
  262. cialis generic tadalafil for sale
  263. cialis generic tadalafil india
  264. viagra sex
  265. cialis prices 10mg
  266. viagra side effects
  267. cialis prices 100mg
  268. viagra without a doctor prescription from canada
  269. cialis prices 20mg
  270. cialis prices 5mg
  271. generic cialis tadalafil 20mg
  272. cialis prices walmart
  273. generic cialis pricing
  274. best place to buy cialis online without script
  275. generic viagra sildenafil citrate
  276. buy cialis canada online
  277. sildenafil 100mg tablets
  278. buy cialis online without script
  279. sildenafil 20 mg tablet
  280. where can i buy cialis over the counter at walmart
  281. where to buy cialis online safely
  282. sildenafil citrate 20 mg
  283. sildenafil dosage
  284. sildenafil side effects
  285. canadian viagra
  286. cost of viagra
  287. generic viagra prices
  288. herbal viagra
  289. marley generic viagra
  290. online pharmacy viagra
  291. online viagra
  292. real viagra
  293. viagra alternative
  294. viagra cost
  295. cialis vs levitra
  296. viagra in action
  297. viagra online pharmacy
  298. generic cialis online
  299. viagra pill
  300. viagra price
  301. levitra 20 mg
  302. buy viagra
  303. generic viagra 100mg
  304. sildenafil 100mg
  305. viagra on line
  306. pharmacy uk
  307. canadian pharmacies online
  308. drugstore online
  309. canada pharmacy
  310. international pharmacy
  311. buy cialis online
  312. cheap cialis
  313. cialis 20mg
  314. tadalafil 20mg
  315. generic cialis tadalafil
  316. international pharmacy
  317. drugstore online
  318. canadian pharmacy
  319. pharmacies shipping to usa
  320. viagra without a doctor prescription walmart
  321. meds online without doctor prescription
  322. amoxicillin 500 mg
  323. Google
  324. дженерики виагры купить
  325. гдз 6 класс
  326. гдз 7 класс
  327. гдз по русскому языку тростенцова
  328. гдз баранова
  329. атанасян 7 9 гдз
  330. гдз кузовлев
  331. гдз класс
  332. алимов гдз
  333. гдз онлайн по алгебре
  334. гдз по русскому класс разумовская
  335. гдз по английскому 7
  336. гдз по алгебре 9 класс макарычев
  337. гдз афанасьева
  338. гдз по физике
  339. гдз по английскому языку биболетова
  340. гдз по алгебре мордкович 9
  341. гдз ру
  342. гдз онлайн по алгебре
  343. гдз по химии
  344. гдз 9 класс скачать
  345. гдз по геометрии 7 атанасян
  346. гдз английский афанасьева
  347. афанасьева михеева гдз
  348. гдз по русскому 8
  349. гдз биболетова
  350. гдз по русскому языку бархударов
  351. бархударов гдз 9
  352. гдз 2010
  353. гдз по математиці
  354. афанасьева михеева гдз
  355. Google
  356. coupon for viagra
  357. when will generic cialis be available
  358. online cialis
  359. cialis walmart
  360. viagra for sale
  361. best ed medication
  362. gnc ed pills
  363. online ed pills
  364. buy cialis generic
  365. online canadian pharmacy
  366. canadian pharmacy online
  367. online canadian pharmacy
  368. cialis visa
  369. generic cialis
  370. levitra coupon
  371. levitra
  372. generic vardenafil
  373. casino real money
  374. casinos
  375. buy viagra online cheap
  376. best online casino for money
  377. online gambling
  378. buying cialis online safely
  379. cash advance online
  380. cash payday
  381. betting on
  382. new casino bonus
  383. no credit check loans
  384. best real money casinos
  385. online slots real money
  386. viagra pills
  387. cialis internet
  388. new cialis
  389. generic cialis
  390. m980u9oy9y98o8y9pm
  391. 20 cialis
  392. m90uojmuy7hjhhhh
  393. rxc43rw435tr53t453t
  394. cialis 5 mg
  395. cialis 5 mg
  396. online viagra
  397. free casino games
  398. casino slot
  399. casino games online
  400. casino gambling
  401. cheapest viagra
  402. viagra buy
  403. canadian pharmacy king
  404. viagra pill
  405. buy viagra on line
  406. viagra for men
  407. buy cialis generic
  408. brand viagra
  409. buy cialis online
  410. tadalafil 5mg
  411. cheap geneirc viagra
  412. viagra pills for sale
  413. viagra 100 mg
  414. using viagra without ed
  415. tadalafil 10 mg
  416. buying generic viagra online
  417. viagra 100mg cost
  418. generic cialis tadalafil 20 mg from india
  419. vegas casino online
  420. real money casino online
  421. buy viagra online 90
  422. viagra prices
  423. sildenafil viagra
  424. generic viagra buy
  425. buy cialis

Leave a Reply