Digital finance is becoming more and more mainstream. From customary online banking to cryptotrading with Bitcoin, Terra, Shiba Inu, and many other evolving digital currencies, the term digital finance is generally used to describe the use of new technologies within the financial services industry. It takes stock of products, applications, processes, and business models that have revolutionized the traditional banking and financial services industry.
Is the future of banking digital? The answer is an indisputable yes. Considering customers’ expectations, the demand to have banking at our fingertips, and the pandemic-driven acceleration of the financial services’ digital transformation to meet that call, digital banking has become a fundamental requisite for most banks and their digitally savvy consumers.
Following this trajectory, it is believed that by 2030, technology will drive a fundamental shift in banking where traditional banks will become hidden or even invisible. Leading banks will use technology and consumer data to direct financial services at the customer's moment of need, often at the expense of brand visibility, buried within a broader, more digital, connected way of life.
LOOKING AHEAD, WHAT TRENDS CAN WE EXPECT TO SEE OVER THE NEXT TEN YEARS?
- Latest Artificial Intelligence will provide added value for not only the business but the consumer as well.
- Cryptocurrencies will be normalized, embraced by societies across the globe.
- Tokenizing digital assets will increase efficiency on the blockchain network.
- Sustainable innovation is forecasted to generate influence and create greater revenues.
CAREERS IN DIGITAL FINANCE AND GETTING A “FUTUREPROOF” DEGREE
Digital finance, an industry that has the potential to recreate itself again and again with every advancement in technology. The potential for growth offered to every professional within this domain is exponential. Below are only a few career options of the possible many to consider if interested in the field of FinTech and digital banking:
FinTech Headhunter
Fintech startups, microlenders, and neobanks are disrupting the finance industry and causing big names like ABN AMRO, and ING to rethink their current operations. To stay applicable and marketable, these institutions need innovative minds at the helm.
Finance Engineer
Decentralization and pressure from fintech are also pressing larger traditional institutions to embrace a more diversified offering of services. With more options available, there is a vital need for wealth managers to direct the movement of the funds, often without anyone noticing.
Sustainable Wealth Manager
It’s not solely the transition to more sustainable models and practices that we need to pay attention to. With the trade in sustainable energy on a rise, companies and individuals are reaping increased dividends in turn transforming the financial industry to also lean in that direction, fostering the idea of banking for better.
Crypto Forecaster
Employing the tech is more important than producing it yourself. As crypto becomes the new normal there is an increasing demand for professionals who understand the new regulations and can analyze fluctuations in the market.
Cross-Company Cybersecurity Liaison
With the constant variabilities in cybersecurity, from corporations and startups to policymakers, everyone is recognizing that security cannot be achieved from an individual standpoint. Given the globalization and interconnectedness of our world, we need to foster greater collaboration and unity to fend off the developing nature of cyberattacks.
Become an in-demand professional that can help lead the transitional change over the next decade and beyond. Fast-track your career in line with the speed of the digital transformation. Explore the digital finance degree options at GBSB Global, from Internet Finance, to FinTech and Blockchain Management - acquire the specialized acumen needed to excel out the gates in just 12 months.
