Simon Dawson/REUTERS; Samantha Lee/Business Insider
Virtual and augmented reality could give us new ways to picture investments and risk. Human jobs giving financial advice will change as more basic functions are automated away.
- With 2020 quickly approaching, Business Insider has been polling experts to learn what finance, investing, payments, and real estate will look like in 2030.
- The past 10 years have seen cost pressures and technological change sweeping across the financial services industry, and we saw that come to a head in several key ways in 2019.
- Tech and big data will inevitably continue to drive some key shifts. And the type of skills and jobs needed are generally expected to look very different in 10 years as more basic functions continue to be automated away.
- Here are 26 predictions about what's in store for the next decade.
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With 2020 quickly approaching, Business Insider has been polling experts to learn what finance, investing, and real estate will look like in 2030.
The past 10 years have seen cost pressures and technological change sweeping across financial services, and we saw that come to a head in several key ways in 2019.
This year may be remembered as the year that the broker wars reached a fever pitch and discount brokers slashed stock trading commissions to zero (setting up an even more compelling case for industry consolidation in the process.) We also wrote about how the rise of portfolio trading for credit- the latest in a string of innovations to come to the credit market in recent years - is pushing that space towards electronification and away from high-touch practices that dominated for so long.
All the while, historically low interest rates over the past decade-plus have sent investors on a frantic search for yield, resulting in huge piles of yet-to-be spent private equity dollars.
We've also written about how new tech could leave some industries scrambling to address potential ethical issues and get out in front of regulatory changes. In the insurtech world, for example, some are voicing worries that the use of tech to write increasingly customized insurance policies could leave the riskiest customers without coverage.
Given the whirlwind year we had in 2019, we were interested to learn from experts what the future could hold. If there's one takeaway, it's that technology and big data will inevitably continue to drive some key shifts. And the type of skills and jobs needed in and around finance are generally expected to look very different in 10 years.
New tech will likely change the way we move around in the world, which could translate into changes in real estate markets. Virtual and augmented reality could give us new ways to picture investments and risk. Human jobs giving financial advice will change as more basic functions are automated away.
And algorithmic trading and the rise of passive investments will likely continue to reshape public markets - changing what it means to be a stock-picker.
Here are the 26 must-know predictions for the next decade.
