Investopedia, the web's premier source of trusted financial content, recently released its Top Financial Terms for 2016 list, which in addition to the “Trump” effect, includes blockchain technology and fintech.
Trumponomics is at the top of the list which, according to Investopedia, refers to the economic policies Trump will push as president such as cutting personal and corporate taxes, restructuring U.S. trade deals and introducing large fiscal stimulus measures focused on infrastructure and defense.
Blockchain made it to second spot on the list. Investopedia noted that the hype around the technology skyrocketed in 2016.
“Blockchain has been popular with apps like Venmo and other mobile banking startups, but now traditional financial institutions are exploring this new technology for opportunities to better interact with customers, suppliers and competitors. Investors are paying attention. Blockchain is now a top 50 term on the site”, it said.
Fintech or “financial technology” took the fifth position. Investopedia pointed out that the fintech industry continues to grow with investments pouring into the industry in 2016.
“Often conflated with the lending industry, fintech firms are revolutionizing everything from banking and payments to insurance, advising and everything in between. As the financial sector begins to understand the full impact of fintech, 2017 looks poised to be another winner for industry”, it added.
In addition, the list includes Peer-to-Peer Lending, Dodd-Frank Regulatory Reform Bill, Trumpflation, and Interest Rates, among others.
"2016 was a year of surprises – between the outcome of the U.S. presidential election to the Brexit vote in the U.K. And in times of uncertainty, people seek answers. At Investopedia, we aim to provide the clarity, direction and insight that people so sorely need when our economic and financial futures seem unclear," said David Siegel, CEO of Investopedia.
