What are the most interesting fintech in 2019? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.

Answer by Eric Poirier, Chief Executive Officer at Addepar, on Quora:

Crypto / Blockchain / ICOs are certainly grabbing lots of headlines. There are some legitimate use cases, and a hyper engaged community that's motivated to make this more real and impactful on a global basis. I see that opportunity too, but think it needs a few generations to evolve (like other similarly ambitious and pioneering ideas).

I think it's irresponsible to hawk ICOs at retail investors (we've seen that movie before) - investors who allocate capital into risky bets need to be able to stomach losing it all.
Some headline-grabbing companies have overplayed the extent to which they are "tech" and increased scrutiny by more discerning investors has tended to correct for that over time. There are examples here in lending, payments and real estate among other areas.
I'm most bullish on FinTech companies who put the client first and who are proactive and expansive about partnerships - both with traditional financial services companies and other emerging fintechs.

I'm bearish on FinTech companies who believe that skilled financial professionals can be automated / replaced entirely by tech. While there are a variety of daily tasks that can be automated with tech, clients who have complex needs will continue to work with other skilled, resourceful humans who are armed with the right technology and data. (Singularity is still pretty far off.

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Published on: Oct 28, 2019