There are two big opportunities in the future financial industry. One is online banking, where all the financial institutions go online; the other is internet finance, which is purely led by outsiders.

Jack Ma

Technology and software have taken over the world in most industries and we have seen technology companies like Apple and Alibaba (with their Alipay and Yu’ebao Money Market Fund) strongly moving into the financial space, issuing cards, promoting lending and investment services, and then some.

At the same time, we are also seeing the advent of a new set of 21st century technologies such as blockchain, artificial intelligence and robotics – where they are poised to disrupt the future of finance by reducing costs of providing such services and creating even more personalized experiences.

However, while technology hasn’t really been quickly adopted by legacy financial institutions, new technology organizations are strengthening their digital financial platforms and are