813 Results from /startups
Alex Kreger Founder & CEO at UXDA
Some experts fear that the sharing economy will destroy a traditional capitalism with its global corporations, banks, and supply chain. For instance, Uber — a simple service to search private drivers — that practically destroyed the licensed taxi labor market and led to mass taxi drivers’ strikes in New York, Chicago, San Francisco and London. Sh
22 December 2016 /startups Innovation in Financial Services
Retired Member
Fintechs are disrupting many aspects of the financial services industry and wealth management is no exception. These new entrants can provide scale and greater customisation at a much lower cost than traditional wealth management models, many of which are heavily dependent on human resource and have highly manual processes. So, what will be the ...
19 December 2016 /startups
When is disruption a bad thing? According to the London black cab driver I had recently, it is when Uber comes to town. A rival taxi company using an app for hailing and a GPS for finding its way around and charging less than black cabs is bad disruption. There is no doubt that Uber is a threat to traditional taxi firms, which is why it is often he...
Bill Gates said that banking will always be needed, but banks as we know could easily disappear. And FinTech is all about winning changes and everyday finance improvements. In 2015 venture capitalists raised $19.1 billion USD to support FinTech revolution. With the five biggest banks controlling nearly $15 trillion in assets, FinTech’s $19.1 billi...
15 December 2016 /retail /startups Innovation in Financial Services
Now IT development costs are so low for start-ups I feel that technology is no longer the key edge for FinTechs. I read an interesting press release recently from an early stage vendor who was just announcing a strategic partnership with a large data vendor. I found it particularly interesting because they touch on the nub of the challenge that man...
13 December 2016 /startups
The global financial crisis inflicted a lot of pain on most banks. Strong antagonism between Main Street and Wall Street coupled with market crash aftershocks left these traditional portals for money management crumbling with disappointing end-of-year financial statements, dissatisfied shareholders and disillusioned customers. Since then, the emer...
09 November 2016 /startups
James Sinclair
Over the last 10 years or so, payment terms of companies have increased from an average of half a day to two and a half days, as a way of better managing cash flow and maintaining working capital in larger firms. As a result of this, it translates into an average of 120 day payment terms, which means businesses may not receive final payment 4 mont...
29 October 2016 /startups
Brett King CEO & Founder at Moven
I've been in Fintech since before we called it Fintech. Some would say that Fintech has been around for decades, as soon as Bank of America deployed ERMA (Electronic Recording Method of Accounting) in the 1950s, but even though the term was commonplace by 2009 amongst practitioners, the term Fintech got very little industry use until 2013, and the...
25 October 2016 /startups Innovation in Financial Services
Diederick Van Thiel Visionary Board Member | CEO | NED at AdviceRobo | Ecology Innovations | IKANO | Channel
New technologies drive cost/income breakthroughs New technologies like machine learning, biometry and block chain have entered the financial industry and will impact the banking battle on cost/income big time! The results of the Finextra/AdviceRobo survey produced this summer on Robo-Advice show that there is an increasing awareness of the potenti...
21 October 2016 /regulation /startups
We’ve all got them: friends, ex-colleagues or LinkedIn connections who’ve made the move from a big corporate to a start up. I was about to follow suit. The fintech boom was attracting more and more people from some of the large corporates I’ve worked with, but the rationale of the exodus was made clear one night over a drink with an old friend. The...
13 October 2016 /startups
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