Financial News this week published a special issue of its fintech magazine, Fintech News, assessing the opportunities and challenges facing the industry in eight different cities this side of the Atlantic.
From Stockholm to Tel Aviv, we looked at what makes each fintech ecosystem unique and what can be done to improve them.
My journey with mentoring started when I helped organise and mentor a local cohort for new businesses within the IT services space many many years ago. Not one of those 20 companies remains today. I found it sad and haven’t gotten involved again.
The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. The recent wave of Wall Street interest in Bitcoin technology is inspired by a growing appreciation of the inevitability of radical changes in the financial industry, which is long overdue for the kind of Internet-driven cost savings that have affected other industries.
Blame Apple: customers expect to be delighted. By placing consumer delight at the center of its growth strategy, it has set new standards for customer engagement.
Today’s customer expects nothing less from their financial management experience. Wealthfront and Betterment are new disruptive forces in the wealth management space. They offer carefully curated, personalized experiences for the next generation of investors.
Innotribe explores the startup trends set to have an impact on financial services
Go to any financial services event these days and there is a very good chance that "financial innovation" has found its way onto the programme or even bagged the keynote spot. Indeed, from the water cooler to the boardroom, it is one of those topics of increasing influence.
Corporate and retail banks are facing competition from innovative business models and new competitors. Historically, banks have innovated slower than other businesses, however additional pressure is now being added by shrinking margins and tighter regulatory requirements. Innovation is the key to growth and competitive differentiation. The banks most likely to survive are those that are willing to effectively develop new products, services, and channels in response to the changing market environment.