FINSERV
“ To quote Marc Andreessen cofounder and general partner at a16z , ‘ software is eating the world ’,” he says . “ 5G is the next phase of better connectivity and faster data transfer speeds . The next generation mobile network will enable not only more advances for fintech and financial services , but it will also allow for continued security maturation within the industry as well .”
A question of data Although speed of delivery , many more data points and greater amounts of information being gathered , all point to the possibility of sharper insights , better risk assessment and more accurate customer preferences , it also brings a raft of pitfalls with it .
Data gravity is already a problem for many large scale operatives . The more data companies gather , and the more devices being used , increases the digital footprint , resulting in greater opportunities for data to be compromised or stolen .
And the cost of lost data , as well as the poor management of it , can result in harsh penalties . Recently in the UK , for example ,
100 December 2021