July 15, 2024
Smart finance technologies are democratizing a range of previously closed and restrictive financial opportunities. Now, even people at home with little to no experience in trading and investing are making decisions based on real-time data and historical insights – and it’s all thanks to the rise of smart finance.
Make no mistake; these technologies are only going to get more powerful and useful. Here are some of the most exciting smart finance trends to watch out for in 2024.
Just a decade ago, the vast majority of financial services were delivered via out-of-the-box solutions. But thanks to the rise of AI and major advances in data analytics, products and services are going to be increasingly tailored to the preferences, skill levels, and objectives of the individual.
In 2024 and throughout the 21st century, smart finance platforms will continue to assess the needs and behaviors of users in order to create bespoke solutions that can adapt to changing market conditions. As a result, people who would never have entertained the possibility of investing or trading from home just a few years ago will turn to smart finance tools for help.
Financial products and services are more accessible than ever. The advent of AI and machine learning has opened up the sector to anyone with the desire to get involved. While the smart finance tools that are available today are easier than ever to use, they do require some understanding of basic financial concepts – and how they’re managed by AI.
Institutions such as the Wintrado Academy are bringing AI, crypto, and smart finance together to give people the knowledge and know-how they need to leverage the huge potential of such tools. Expect more and more people to turn to educational services for help and guidance on these issues.
The world of investments is now accessible to everyone – regardless of their knowledge or experience. Just about anyone can now get involved in private equity, real estate, commodities, hedge funds, and other opportunities that were once the preserve of professionals.
By embracing all of these alternative investments with the help of smart finance tools, you can mitigate risk and put yourself in a position to secure higher, more consistent returns. 2024 is expected to be the year of accessible alternative investments – and that’s great news for your portfolio.
Artificial Intelligence within the finance sector is going to be a game-changer. This fast-developing technology is leveling the playing field for ordinary people. From so-called robot advisors to trading strategy algorithms, the technologies involved promise lower risks and increased access to markets.
You will also see an increase in the use of AI in the fight against investment and trading fraud. Sophisticated algorithms and machine learning will combine to detect instances of fraud at the earliest opportunity – thus preventing crimes before they’re completed.
There’s nothing new about fintech, of course, but you should expect to see the area expand and evolve quickly during 2024 and for the rest of the decade. A range of new and improved technologies are already disrupting a relatively new sector, including peer-to-peer lending platforms, blockchain technologies, and mobile banking capabilities.
Everyone is now able to access a wide range of fintech tools that make managing finances a more efficient and reliable process. In areas where access to brick-and-mortar financial institutions is limited – such as rural regions – these developments are proving invaluable.
The rise of sustainable investments coincides with the move towards greater levels of corporate social responsibility (CSR) and the emergence of the Environmental, Social, and Governance (ESG) policy.
The use of AI and other emerging technologies allows people to choose investments and trades that align with their commitment to the fight against climate change and social justice issues. There will be more of these sustainable investment opportunities throughout 2024 and throughout the rest of the decade.
It seems like crypto has already been around for a long time, but in many ways, it’s just getting started. While cryptocurrencies have been popular with niche investors and technology enthusiasts, they’ve struggled to break into mainstream culture. But this could be about to change.
Governments, established financial institutions, and central banks around the world are now developing their own cryptocurrencies. Bitcoin, Ethereum, and other independent crypto variants are, of course, already well-established. But we might see the first signs of Central Bank Digital Currencies (CBDCs) in 2024 – or at least by the end of the decade.
The rise of AI is going to shape the digital future for all of us – and not just in business. We’re all going to need to master the fundamentals of these technologies if we want to leverage their true potential.
Whether you’re an entrepreneur who wants to gain a competitive edge or just someone who wants to make more informed finance decisions, enroll in Wintrado Academy today.
With the help of our PhD professors and extensive resources, you’ll have the knowledge and skills required to embrace this brave new digital world. Enrollment takes a matter of seconds – but the benefits will last a lifetime.
