The document discusses technology trends in finance that will emerge by 2020, including the growth of mobile payments and frictionless transactions through expanded acceptance of mobile wallets. It also predicts growth in the use of chip cards and digital currencies like Bitcoin. Financial institutions will need to offer omnichannel services and leverage big data through analytics to gain customer insights. Cybersecurity will also need to be tightened as hackers become more sophisticated. The trends highlighted may lead to growth in e-commerce, increased regulatory scrutiny, and more venture capital investment in financial technology. Financial professionals are advised to help drive technological changes, learn new skills, and act responsibly to take advantage of emerging opportunities.

1. Technology Trends in Finance
Rey Lugtu

2. Imagine your life in 2020…..

4. 1.Mobile & Frictionless Transactions Explosion
•38 million users
•19% of smartphone users
•$27 billion transactions
•210% growth in 2016
•100% growth until 2019

5. •Apple Pay app to be accepted in
1.5 million locations by the end of
2015.
•Android Pay will be accepted by
more than 700,000 physical stores
and over 1,000 mobile apps.
•Samsung Pay, already being
tested in South Korea, is
launching in the United States
later this month.
•Microsoft plans to jump into the
market.

6. • Growth in digital deals and
discounts
• Starbucks mobile app enables
buyers to order and pay for
beverages via their phone, and
skip the line.
• The app registers loyalty
points in the user’s device,
integrates discounts and
coupons.

7. • Merchants to upgrade tech. Invest
in terminals that support Near
Field Communications systems, the
technology on which mobile
payments are based.
• In the US, deadline for merchants
to switch from traditional swipe-
and-sign credit card transactions to
chip-and-pin card systems.
• If the merchants don’t invest in
new terminals, the liability for
transactions with fraudulent credit
and debit cards will shift from the
card companies to them.

8. 2. Growth in Chip Cards
•2 Billion EMV (Europay,
Mastercard, Visa) cards
•20% growth
•40% adoption

9. •$20B credit card fraud globally
•October 2015: The End of the
Swipe-and-Sign Credit Card
•The shift to EMV (Europay,
MasterCard, Visa) chip cards
may happen earlier than 2017,
the Bangko Sentral ng Pilipinas
said, as more local banks move
to protect their systems and
consumers from fraud.

10. 3. Growth in Digital Currency
• Bitcoin versus Blockchain
• Bitcoin is a form of digital currency, created and held
electronically. No one controls it. Bitcoins aren't
printed, like dollars or euros – they're produced by
people, and increasingly businesses, running
computers all around the world, using software that
solves mathematical problems
• Blockchain is just a record, or ledger, of digital events
— one that’s “distributed,” or shared among many
different parties. It can only be updated by consensus
of a majority of the participants in the system. And,
once entered, information can never be erased. The
bitcoin blockchain contains a certain and verifiable
record of every single bitcoin transaction ever made.

11. • Faster, cheaper bank
transfers
• A boost to global
remittances
• Safe money for the poor
• Unleashing the potential of
e-commerce
• Programmable money and
smart contracts

12. 4. Omnichannel for Financial Services
•Seamless integration
•Any product delivered from
anywhere
•Digital payment

13. 5. Capitalizing on Big Data
•Analytics to gain customer
insight
•Chief Finance Officer as main
driver

14. 6. Tighter cybersecurity
• Hackers getting more
sophisticated
• Technology is catching
up
•Behavior change is
important

15. Implications
•Growth in eCommerce
•We are less and less
secure
•Regulatory scrutiny
•More venture capital
funds

16. What you should be prepared for
•You will drive the
changes
•Learn technologies
•Be responsible
•More opportunities

17. END
Goodluck!
Rey Lugtu