Bracing For Seven Critical Changes As FinTech Matures

Bracing For Seven Critical Changes As FinTech Matures

The architect refuses to design the big, ugly building that merely maximises short term revenue. She understands that raising the average is part of her job. The surgeon refuses to do needless surgery, no matter how much the client insists. He doesn’t confuse his oath with his income. Professionals have standards. Professionals push back. To regain public trust we need to start seeing more professionals working in the financial sector.

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Bracing For Seven Critical Changes As FinTech Matures
By Miklos Dietz, Vinayak HV, and Gillian Lee

The fintech sector is being shaped by shifting market conditions, new regulations, and changes in consumer demands and behaviors. For the past decade, fintech companies—technology firms that focus on financial products and services—have moved quickly, forcing incumbents to rethink their core business models and embrace digital innovations. But now, the fintech industry is itself maturing and entering a period of rapid change. Companies wondering how they will fit into this new era must first understand the forces that are pushing the changes.


The Strongest Transformative Forces in the Insurance Industry
By Elena Mesropyan

In the years ahead, insurance landscape will no longer be an oligopoly as transformative forces will reach the level of impact enough to reimagine traditional business models. But the uniqueness of transformation in the insurance industry is in cross-industrial impact – there are major outside forces tremendously affecting the future of insurance. Self-driving cars, the sharing economy, IoT, sensor technology, AI, distributed ledger technology, drones, mobile technology, etc., are all changing the way insurance is structured, consumed and provisioned in the future.


Why Having No Customers Could Be The Best Thing For Your Fintech Startup
By Jessica Ellerm

In Malcolm Gladwell’s book “David and Goliath: Underdogs, Misfits, and the Art of Battling Giants”, Gladwell asks his readers to reframe the classic biblical battle of David and Goliath. He argues there is a fundamental psychological difference to viewing the world in this way that as humans and entrepreneurs, we shouldn’t ignore. The ultimate purpose of Gladwell’s book is to parallel David and Goliath’s battle with that of entrepreneurship in the face of incumbents. No more so is this evident than in the realm of challenger banking. So, taking Gladwell’s approach, if you were to start a challenger bank from scratch, what is one classic disadvantage that could be reframed into an advantage that in fact gave you more than a fighting chance?


Blockchain Pros Debate ‘Looming Challenges’ for Smart Contracts
By Michael del Castillo

Just because a repetitive job could be replaced with self-executing code on a blockchain, doesn’t mean it should be. When a smart contract is a bad idea, when it’s a good idea and what stands in the way of widespread proliferation of the technology. There’s a pull within the industry toward confidentiality. While financial institutions and other players in the space hail the benefits of transparency, they hesitate to put their information on a blockchain.


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How long have we known about climate change? Nearly 200 years argues Katherin Heyhoe.

Fake news almost took down Abraham Lincoln. Misleading reports in 1864 said the president wanted to intermarry blacks and white to yield an American super-race.

Also published on Medium.

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I'm a #26 Global FinTech influencer. An Economist by profession, I have worked on both sides of the table - tech startups and global financial organisations. I love football, technology, travelling and photography.