Talk of a ‘bubble’ in fintech, or of the sector ‘peaking’ misses the point about the transformation of finance by technology. In the grand scheme of disrupting an industry that’s been around for hundreds of years, we’re only at the very beginning of that transformation. From payments and foreign exchange to the way we ensure our pets to the birth of new brands in banking, each vertical in finance is now a honey pot for investors looking to back the next generation of financial services. This infographic explores why that gold rush isn’t stopping any time soon, as innovation continues to thrive.
Want to dine, drink and network with some of London’s fintech stars? There’re still a few tickets left for the Fintech Innovation Awards! Taking place on the 13th of April at The Brewery, the event will feature keynotes from London mayoral candidate Zac Goldsmith and Professor Dan Ariely, as well as Julia Streets as host and Alan Dedicoat ‘Voice of the Balls’ as the Voice of God. To secure your place, register your interest here, contact Stephen McMaugh or call +44 (0) 208 080 9164.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.