by Brian Richardson, CEO of WIZZIT International
MARCH 30, 2017
In the lurid space where financial and digital innovation intersect, disruptors are booming. They’ll continue to cause upheaval in 2017 and make their mark in a landscape that’s becoming progressively challenging to navigate. Here’s my prediction of the movers and makers to watch in 2017:
The rise of cryptocurrencies
Mobile POS (and the fall of the receipt)
Alerts from savvy digital banks are also turning receipts into living fossils. Imagine a future where most SMEs will process payments via their own mobile phones – you won’t have to soon.
Inter-operability is the key
In 2017, there’ll be a fundamental shift to inter-operability, as users become increasingly frustrated with using various payment apps in isolation.
DNA as passwords
Moving outside marble and glass
The first line of attack? A fully integrated and cashless mobile banking platform to boost financial inclusion. It’s become near impossible to hire a car, book a hotel room or exist as a functional member of society without being financially included in some way.
In many ways, we have to fearlessly forge our way into 2017 without any idea of what it looks like on the other side. In other ways, we have access to data and trends that can give us direction of some description. It’s an ephemeral, unpredictable financial world and we’ll continue to navigate unchartered digital territory in 2017. I can’t wait.
About Brian Richardson
Brian is the co-founder and group CEO of WIZZIT International. Brian is recognised globally as a disruptive innovator in the financial services space. He’s fostered powerful partnerships with major FSPs around the world to advance mobile banking technology.
Brian is a sought-after speaker at conferences, events and business institutions around the world – including the Harvard Business School – to share his expertise and knowledge. He’s also an Ashoka Globalizer Fellow – a worldwide network of social entrepreneurs.
Of all the market segments, the least serviced is the SME market – despite small business being the backbone of any economy. WIZZIT has developed a new tailor-made solution to address this gap.
Introducing the WIZZIT International Smart ESB. Developed over the last 10 years, it’s the ultimate solution for seamless integration with all existing and third party banking systems while maintaining complete security.
We can now offer an exciting range of end-to-end technology products for banks to service retailers and merchants in new ways.