When it comes to the innovations in finance that will impact the way future organizations are run, artificial intelligence and machine learning is likely to have a larger effect than bitcoin or cryptocurrency, a survey from investor communications company Mediant found.
Released December 14, 30% of respondents for Mediant’s Trends in Fintech survey chose AI and machine learning as the “fintech innovation” that would have the most impact, for both a 2-to-3 and 3-to-5 year time span.
Meanwhile, only 1% of those same respondents chose bitcoin and cryptocurrency as the most important “fintech innovation,” again for both a 2-to-3 year and 3-to-5 year period.
Mediant conducted the survey in May of this year during the SIFMA Operations Conference, where 10% of conference attendees participated in the survey. Respondents included members of banks, regulators, financial advisors, and broker-dealers.
Respondents of the survey were less cautious of blockchain technology, however: while only 13% of participants believed that blockchain would have a high impact in the next 2-to-3 years, 24% believed the technology would have the most impact on their organizations in the next 3-to-5 years.
Take a look at the full survey here.
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