5 Emerging Trends in the Financial Sector

The financial sector is experiencing a change due to technological advancements, and this article explores five emerging trends: data analytics, digitization, security, mobility, and regulatory challenges. These trends bring along various challenges for banks and other financial institutions, such as efficient customer service and maintaining a secure environment. The author suggests that the crowd can help address these issues through their unique experiences involving these technologies. For example, crowdsourcing can assist financial institutions in understanding customer behavior, prioritizing digital efforts, and staying current with cybersecurity. The article concludes by proposing that leveraging crowdsourcing can help overcome these challenges across industries.