Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
A famous quote from investor Warren Buffet goes along the lines of: "Someone is sitting in the shade today because someone planted a tree a long time ago.” I’m going to turn that quote around. Banks, banking and the financial services industry will be transformed (for the better) in the next ten years because someone planted a seed in FinTech ...
09 November 2015 /startups
Retired Member
"If there are innovators who lose, there must be followers / imitators who win" [David Teece] Imagine the situation, a brand new startup or well established firm brings an innovation to an ‘attractive market’ and has the first-mover advantage over many other competitors following closely behind. Despite this, it receives limited success w...
06 November 2015 /startups Innovation in Financial Services
Determining the price for a product or a service is the penultimate question. The money-transfer industry is no different. At present, the remittance industry has more or less the following models for pricing: Regular Pricing – whatever it may be, is an average of the large players operating for that particular remittance corridor Free – send/rece...
04 November 2015 /payments /startups Trends in Financial Services
Malcolm Gladwell is one of my all-time favorite authors. I love his thoughts, his books and the way he plays with words. In his book “The Tipping Point” he talks about three archetypes of people –Connectors, Mavens, and Salesmen. His premise is that the probability of any idea tipping to exponential success is higher if it is endorsed and advocate...
20 October 2015 /startups
Now that I find myself running an accelerator in the FinTech space I get asked a lot of questions. What is the value for the startups? What do the banks get out of it? Are any real projects completed? I often sit on panels, next to representatives from banks - many of whom have publically invested hundreds of millions of dollars, pounds and euro...
08 October 2015 /retail /startups
Over the past few months, I’ve been reading and interacting with a lot of fintech startups. It is indeed an interesting and fascinating space, with so many innovations and disruptions which have the potential to transform the world of payments and create new paradigms of experiences. Since human behavior and leadership fascinate me a great deal, I...
05 October 2015 /startups
Almost a year ago, when I was reading about sharing economy and impact investing, I came across the term “collaborative capitalism”. I felt that the world was adjusting itself between capitalism at one end and communism at the other, and now blockchain technology has the potential to take it one step closer to communism. Until about a couple of we...
30 September 2015 /startups
A few days ago I read an article in the Times of India “Freelance CFO”s, the unsung startup heroes” which mentioned the increasing trend of startups hiring CFO Advisory / consulting services to help them create / validate their business fundamentals and financials. The article states “Behind every successful startup, there is an unsung hero — th...
28 September 2015 /startups
This week marks the second year since the start of FinTech Week – a coming together of the best, brightest, most innovative and creative fintech start-ups, professionals and influencers; and one of the largest fintech conferences in the world. And all of that in the heart of London – a buzzing fintech scene, attracting talent and investment from
22 September 2015 /startups
Anyone wise and who wished me well always said “Get the Basics Right”.... Looking back, no one really ever told me why? I mostly figured this out on my own - and many times the hard way. So why are the basics so important? Because the basics never change – Whether it is the basics of math (arithmetic, algebra, geometry, trigonometry, calculus, int...
14 September 2015 /startups
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