Five digital transformation trends in banking we've seen in 2019

Technology and banking want to walk hand in hand. For a number of years now, new fintech challengers have been coming up with new proposals and taking every link of the banking value chain to the next level, from payments and loans to financial inclusion, cybersecurity and everything in between. According to'Fintech: the experience so far' – a recent report by the World Bank and the International Monetary Fund (IMF) -developments ranging from artificial intelligence to mobile applications are "providing new solutions that seek to increase efficiency, accessibility and security of financial services provision." In 2017, says the IMF, fintech firms accounted for almost 20 percent of the total $90 billion valuation of new IPO's (at launch) by global financial sector firms. These fintech firms focus on everything from blockchain, to Artificial Intelligence to payments and crypto-currencies.