Isaac Scientific Publishing

Journal of Advances in Economics and Finance

Back to the Future: The Landscape of the Financial Services Industry 2020 and Beyond

Download PDF (654.1 KB) PP. 40 - 53 Pub. Date: February 23, 2017

DOI: 10.22606/jaef.2017.21004


  • Brian D. Fitzpatrick*
    Professor of Finance, Rockhurst University, Kansas City, Missouri, USA
  • John Reichmeier
    Rockhurst University, B.S.B.A., May 2016
  • Jacob Dowell
    Rockhurst University, B.S.B.A., May 2016


Investments in financial technology startups have more than tripled over the past five years and the debate has begun as to whether or not brick-and mortar banks will even exist in the future. (Skan, 2014) This paper will explore the emergence and evolution of cloud computing and its impact on investing. This new trend will incubate a new customer revolution which by the year 2020 and beyond will hatch and breed a new type of banking, saving and investing experience. Eventually, a complete shift will occur and technology will no longer be used to supplement financial advisors. Instead, advisors will be used as a supplementary resource for new technological models. Privacy concerns as well as applicable federal law will also be addressed.


Technological models, financial services companies, emerging technologies, facial recognition technology


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