Five key financial trends to watch in 2024

Sponsored by JPMorgan Chase The world of finance is constantly evolving, shaped by the economy, technology, and geopolitics. As we enter 2024, it is essential to identify and understand the emerging financial trends likely to impact markets, businesses, and individuals. Here are some key financial trends to watch in 2024. Central Bank Digital Currencies (CBDCs) As digital currencies become mainstream, we expect to see continued growth in the adoption and acceptance of cryptocurrencies like Bitcoin and Ethereum. Central Bank Digital Currencies (CBDCs) that are government-issued, fully regulated, and controlled by central banks will also gain prominence as more countries experiment with their own digital currencies. These developments will impact payment systems, cross-border transactions, and monetary policy. Related Stories Artificial Intelligence and Machine Learning Artificial intelligence and machine learning have already transformed the financial industry in areas such as risk assessment, fraud detection, and algorithmic trading. In 2024, as these technologies continue to evolve, expect to see AI-powered robo-advisors, personalized financial products, and improved customer service through chatbots and virtual assistants. Rise of DeFi Decentralized Finance, or DeFi, has gained significant traction in recent years, and we can anticipate further innovation and expansion in 2024. DeFi includes the development of decentralized...