Some banks are more active than others.
JP Morgan, at one end of the spectrum, only booked three fintech deals last year, which is the same as they did for 2015.
Companies like Barclays and Goldman Sachs have more of a shotgun approach: get in on as many fintech companies as possible. Barclays invested in 23 deals in 2016 for a 53% increase in activity, while Goldman got in on 17 deals for a 31% bump in activity.
The market for fintech, or financial technology software, was one of the hottest sectors in 2015.
The time is ripe for financial innovation: new technologies are helping end users skip past gatekeepers and intermediaries to customize their use of financial products. Meanwhile, many of the same technologies are also erasing the inefficiencies of banks and other financial institutions to cut costs in ways the industry never deemed possible. Lastly, innovations such as the blockchain are changing the way banks approach their most basic mechanisms – as a result, even the most fundamental practices in banking are evolving.
Natixis, have pioneered the first Blockchain solution in commodity trade finance for US crude oil transactions. The distributed ledger platform, built on the Linux Foundation open source Hyperledger Fabric, allows major steps in a crude oil transaction to be digitized on the Blockchain, ensuring improved transparency, enhanced security, and optimized efficiency.
George Zarkadakis is a thought-leader in digital innovation, digital transformation, and most importantly for us, Artificial Intelligence. He’s now the Digital Lead at Willis Towers Watson, a world leading global advisory, broking and solutions company, and he has even written a book on AI, called In Our Own Image: Will artificial intelligence save or destroy us?. Zarkadakis took some time to talk to us about how AI was being implemented in businesses today, and how it will change our industry of the future.
The rapid rise of fintech as a tech sector to watch out for is primarily being driven by the onset of new innovative startups and entrepreneurs. This global wave has the power to transform the monetary potential of the masses. A panel discussion on fintech was held at the recently organized SXSW conclave.
Planning our finances can be a complicated business. You’ll need to review dozens of options, stick to a clear plan and implement it as early as you can afford to. The most important variable throughout will be how much risk you would like to take, this will steer your level of return. Here we try to explain a bit more about the importance of investment risk and the danger of selling out of the capital markets at the first sign of a jitter.
The state of the Fintech Industry as we know it.