According to Other World Computing‘s Larry O’Connor, the fintech industry is on the brink of a radical transformation. He anticipates significant roles for artificial intelligence (AI), infrastructure, and the revival of on-prem infrastructure by 2026.
These aren’t mere guesses. They stem from a comprehensive grasp of current trends and potential tech advancements. For example, the resurgence of on-prem infrastructure isn’t a revolt against the cloud. Rather, due to its superior performance, cost-effectiveness, and control, it’s likely to become the preferred choice.
The AI Revolution Beckons
O’Connor also foresees AI dramatically influencing fintech infrastructure. With its ability to streamline operations and boost customer service, AI adoption is set to skyrocket. It could revolutionise financial institutions, whether through automating mundane tasks or predicting market trends.
Yet, AI adoption and on-prem infrastructure revival aren’t the only projected changes. O’Connor also anticipates substantial infrastructure improvements. Although he didn’t provide specific details, it’s reasonable to infer advancements in security, data management, and network connectivity. These elements are vital for any fintech firm’s efficient operation.
O’Connor’s predictions offer a sneak peek into fintech’s future. They suggest a significant technological leap could be imminent, potentially reshaping financial service delivery.
As we edge nearer to 2026, it will be fascinating to watch these predictions play out. They could indeed inform global fintech firms’ strategies, necessitating preparation and adaptation for these looming changes.
