In part one, I talked about the views of the Fintech start-ups who begin with thinking: how can I transform this financial process using technology? Banks think differently and begin with thinking: how can I apply technology to this financial process? The core difference is that banks think Techfin rather than Fintech. They begin with…
In conversation with bankers and start-ups, it is clear that there is a differing view of the world. It is not as clear-cut as nimble innovator versus dinosaur incumbent, which is how many portray this chasm of difference of thinking, but there is a difference in thinking. It is a radical difference in thinking, and…
I blogged a short while ago about Roboadvisors, and with the recent stock market meltdown due to China’s economy slowdown, it’s interesting to see today’s Financial Times talking about the impact on these fledgling firms. According to the FT, the emergent roboadvisor market that includes Personal Capital, Betterment and Wealthfront, and now managing a combined $100…
There’s lots of discussions about financial markets and their different structures. Retail and commercial banking are likened to farms, whilst investment banking is a jungle. Retail and commercial banking have dull products likened to chickens. Look after them and they produce regular and predictable results. Investment banking is just full of testosterone fueled animals that…
I just discovered Thomson Reuters predictions for 2016 with two related to Fintech that stand out: There is no Uber of Finance Most Fintech start-ups will partner with or be acquired by banks Interesting. I have blogged before that the Uber of Finance is the blockchain, so maybe don’t agree with that statement, but the…
For the past year, there’s been lots of talk about Fintech Unicorns – start-up companies with over a billion dollar valuation launched since 2000. Jim Bruene at Finovate – register for Finovate Europe with 20% discount using FSClub20 – wrote about so many Fintech unicorns in July 2015, showing the list increasing four-fold in just a…
Another key development of 2015 has been the open sourcing of bank services. I’ve talked for a while now about Banking-as-a-Service (BaaS) – first blog entry almost seven years ago – and this forecast that anyone in the near future would be able to build their own bank through apps, APIs and analytics. The core of…
The world changes every day, and some of us feel it changes faster every day. This is evidenced by the rapid cycle change in Fintech where last year’s hardly mentioned thing has become this year’s hot thing. Blockchain is the case in point. However, as pointed out at Fintech Connect this week, most of this…
I’m often asked how much is being invested in Fintech and where is it going? Based upon a lot of assumptions and studies, the figures this year look like they’re heading near $30 billion invested in Fintech, with most in Silicon Valley. A third is in payments, of which 10% is in blockchain and bitcoin…
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