Monday, 25 October 2021
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The top 3 disruptive FinTech technologies to watch in 2018

The EU’s General Data Protection Regulation (GDPR) is widely expected to limit the amount of data companies can use for data mining, but new research suggests that it will actually be a boon for the FinTech industry.

One result of the GDPR is that businesses will have access to honestly sourced data from consumers using a transparent opt-in model, which will be a rich source of information for discovering user patterns in large datasets, according to the report from Juniper Research.

Juniper’s report zeroes in on three technologies that will be disruptive to the FinTech market this year and over the next five years: data mining, decentralized apps (also known as Dapps) and quantum computing.

Data mining in the GDPR era

The EU’s GDPR aims to protect citizens’ personally identifiable information (PII), providing transparency around its use and giving people the right to restrict its use or request that it be deleted or “forgotten” all together.

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