We saw many key tech trends adopted in finance in 2024 including AI, blockchain banking, cloud technology and next-gen cybersecurity. With tech always advancing, what trends can finance directors expect in 2025 and beyond?
Decentralised Finance (DeFi).
Allow for peer-to-peer transactions that are more efficient, transparent, and accessible. And as companies grow to embrace digital technology such as blockchain, DeFi will expand, with a larger offering for finance without the need to rely on banks.
AI and Machine Learning.
Revolutionising all industries, they can help finance by improving risk management and decision making, while providing powerful tools for data analysis, fraud detection, and customer service. AI financial advising will become more advanced and decision-making processes will be AI-led.
Sustainable Finance and Investment in ESG.
Main Regulatory bodies are expected to introduce stricter ESG requirements, with greater transparency and accountability in the financial sector. Within the next year, sustainable finance will become a dominant factor, with more companies integrating ESG criteria into their operations and investment strategies.
Digital and Crypto Currencies.
The adoption of digital currencies coexisting with traditional money is said to be on the horizon. Cryptocurrencies as a legitimate form of payment will further disrupt traditional banking.
Big Data and Analytics.
Businesses will increasingly rely on big data and advanced analytics to gain insights into customer behaviour, which can help to develop innovative products and optimise operations, and develop innovative products.This extra assistance to harness and analyse vast amounts of data will be a key change for financial firms, enabling them to stay competitive in a rapidly changing market.
How to prepare for emerging technologies in 2025
We can never know exactly what the future of finance will hold, but we need to think about what’s likely to happen, and how to prepare for it. That can mean working now to get the correct people and the perfect technology in place to take advantage of the digital disruption we may face. Now is the time to put a strategy in place.
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