payment
services
Walmart Pay
Technical features
Stablecoin Cryptocurrency Stablecoin
Backing
Basket of fiat currencies No backing Basket of fiat currencies
Governance
Libra Association Open source Walmart
Regulatory status
Not launched yet Not launched yet Application filed with
US regulators
Business model
Payments, financial
services, ads
Payments, financial
services
Payments, loyalty
programme
Political approach
Cooperation with
regulators
Decentralisation
Cooperation with
regulators
Source: Authors’ elaboration.
2. Facebook
Fintech in Ukraine 2018 (English language)UNIT.City
Introducing you the first market map of FinTech Industry in Ukraine, powered by USAID Financial Sector Transformation Project and UNIT.City.
Foreign partners, potential investors, banks often ask us about the state of any part finteсh industry of Ukraine.
Today, we present a research that will become a tool for finding partners for Ukrainian and international investors, corporations, R&D centers, journalists, startups and businesses in FinTech.
P.S. If you are creating a fintech business in Ukraine, but did not find your company on the map – write us and we will add it to the next update of this map.
7 Things You Should Not Do With Skrill Depositalannalol6
Bitcoin has advantages as a global currency with low transaction costs and liquidity during financial crises, but also risks like online theft and volatility. For a virtual currency like Bitcoin to replace fiat currencies, it must fulfill the three functions of money: as a medium of exchange, store of value, and credit creation. While Bitcoin's supply is limited to 21 million, its fluctuating value makes it difficult to use as a stable store of value. Regulators warn of risks from using virtual currencies like Bitcoin due to their unclear legal status and lack of regulatory oversight.
Virtual currency would play a role in disrupting the conventional transaction models and have a potential impact on various sectors. Know more about the trends and the multiple challenges faced by businesses in adopting the virtual currency. Download the Business Research report by Aranca.
The document discusses key trends shaping the global real estate market, including low interest rates, technological innovation, and rapid urbanization. It notes that the world's leading cities have thrived despite economic volatility by attracting creative, educated workers through business-friendly environments. These "super cities" have benefited from creative destruction as new industries disrupt old ones, with real estate development focusing on attracting and retaining top talent. The document examines how real estate investment has flowed to cities that lead technological change and the digital revolution.
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015CFTE
Slides used during the "FinTech in Asia" event organised by FinTech Circle and Hosted by Morrison & Foerster. Held in London on the 2nd of February 2015
The document discusses the rise of financial technology (fintech) companies in New York and the city's opportunity to become a global leader in the fintech industry. It notes that New York's large financial sector and proximity to customers provides advantages for fintech firms. The FinTech Innovation Lab has helped foster partnerships between fintech startups and financial institutions to develop new solutions. Venture capital funding of fintech companies has grown significantly, with some banks now establishing their own fintech investment funds. New York has become the fastest growing fintech cluster in the US due to the many startups pursuing fintech applications with support from accelerators and lower costs of development.
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERANSteven Rhyner
It was even predicted by Nobel Prize-winning economist Milton Friedman in 1999 when he said, "The one thing that’s missing, but will soon be developed, is a reliable e-cash."
Global Trends In FinTech, focus on US and ChinaSean Walsh
Presentation on American and Chinese trends in financial technology at the Silicon Valley Innovation and Entrepreneurship Forum in late 2015.
By: Sean Walsh, @SeanWalshBTC
Fintech in Ukraine 2018 (English language)UNIT.City
Introducing you the first market map of FinTech Industry in Ukraine, powered by USAID Financial Sector Transformation Project and UNIT.City.
Foreign partners, potential investors, banks often ask us about the state of any part finteсh industry of Ukraine.
Today, we present a research that will become a tool for finding partners for Ukrainian and international investors, corporations, R&D centers, journalists, startups and businesses in FinTech.
P.S. If you are creating a fintech business in Ukraine, but did not find your company on the map – write us and we will add it to the next update of this map.
7 Things You Should Not Do With Skrill Depositalannalol6
Bitcoin has advantages as a global currency with low transaction costs and liquidity during financial crises, but also risks like online theft and volatility. For a virtual currency like Bitcoin to replace fiat currencies, it must fulfill the three functions of money: as a medium of exchange, store of value, and credit creation. While Bitcoin's supply is limited to 21 million, its fluctuating value makes it difficult to use as a stable store of value. Regulators warn of risks from using virtual currencies like Bitcoin due to their unclear legal status and lack of regulatory oversight.
Virtual currency would play a role in disrupting the conventional transaction models and have a potential impact on various sectors. Know more about the trends and the multiple challenges faced by businesses in adopting the virtual currency. Download the Business Research report by Aranca.
The document discusses key trends shaping the global real estate market, including low interest rates, technological innovation, and rapid urbanization. It notes that the world's leading cities have thrived despite economic volatility by attracting creative, educated workers through business-friendly environments. These "super cities" have benefited from creative destruction as new industries disrupt old ones, with real estate development focusing on attracting and retaining top talent. The document examines how real estate investment has flowed to cities that lead technological change and the digital revolution.
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015CFTE
Slides used during the "FinTech in Asia" event organised by FinTech Circle and Hosted by Morrison & Foerster. Held in London on the 2nd of February 2015
The document discusses the rise of financial technology (fintech) companies in New York and the city's opportunity to become a global leader in the fintech industry. It notes that New York's large financial sector and proximity to customers provides advantages for fintech firms. The FinTech Innovation Lab has helped foster partnerships between fintech startups and financial institutions to develop new solutions. Venture capital funding of fintech companies has grown significantly, with some banks now establishing their own fintech investment funds. New York has become the fastest growing fintech cluster in the US due to the many startups pursuing fintech applications with support from accelerators and lower costs of development.
BITCOIN: A 21ST CENTURY CURRENCY EXPLAINED BY A WALL STREET VETERANSteven Rhyner
It was even predicted by Nobel Prize-winning economist Milton Friedman in 1999 when he said, "The one thing that’s missing, but will soon be developed, is a reliable e-cash."
Global Trends In FinTech, focus on US and ChinaSean Walsh
Presentation on American and Chinese trends in financial technology at the Silicon Valley Innovation and Entrepreneurship Forum in late 2015.
By: Sean Walsh, @SeanWalshBTC
As per the Credit Suisse Global Wealth Report 2020, global wealth stood at US$ 399 trillion as of the end of 2019. Most of the global wealth is primarily controlled by older men in North America and Europe.
As per BCG, the Asset Under Management (AuM) for the global asset management industry stood at US$88.7 trillion as of the end of 2019.
The pandemic found the wealth management industry dealing with margin pressure amid the popularity of passive products, on the verge of a great wealth transfer from the Baby Boomers to the younger generations, a rising share of women’s wealth, and increasing regulatory pressure. Revenue from beta is quickly diminishing due to the popularity of passive products. The focus is shifting from margin to increasing AUM.
As per Credit Suisse Global Wealth Report 2020, global wealth decreased by US$ 17 trillion between January and March of 2020. Recovery in the capital markets Q2 onwards led to the recovery of household wealth in Q2 to the levels of the end of 2019. Though the loss of growth represents a more than US$7 trillion loss from expected wealth levels by the end of the first half of 2020. Lower economic activity, lower consumption, and lower investments by both households and corporates likely to restrain household wealth growth for many coming years. The growth rate may not recover to pre-pandemic levels before the end of 2021. Global wealth per adult decreased by 0.4% in the first half of 2020. China is the biggest gainer and Latin America along with Africa are the greatest losers.
Though low-interest-rate environment, making time deposits less attractive, likely to boost funds flows to capital markets and demand for wealth management services.
At the same time, social distancing is forcing digital adoption in wealth management. Apart from that, the great wealth transfer will mean that the wealth management sector needs a paradigm shift in their client engagements. The expectations of tech-savvy millennials are very much different from the older generations. Instant gratification, higher involvement in the process, and constant monitoring are some of the features Millennials expect.
Micro-Investment platforms and Online Brokers are expected to be immensely beneficial as tech-savvy Millennials control more and more wealth. Self-service platforms that specialize in passive products (MF, ETF) are especially lucrative.
Hybrid services that combine human touch with tech efficiency will likely to become mainstream as wealth management firms push for cost-cutting and younger generations control more and more wealth.
As many traditional wealth management firms will look to increase their digital capabilities, WealthTech firms with proven business models are expected to be seen as attractive acquisition targets.
This document discusses fintechs and provides definitions and examples. It begins by defining fintech as the use of technology to make financial systems more efficient. It then discusses what fintechs do, including providing services like lending, payments and money transfers in a more convenient way than traditional banks. The document provides examples of fintech applications and companies. It also discusses topics like open banking, APIs, fintech adoption rates in different parts of the world, and the fintech ecosystem in Turkey.
The purpose of this paper is to discuss issues such as fintech drivers, shortcomings of traditional financial services, and the role of technological advancement. The paper also addresses issues concerning fintech investment and disruption. It refers to financial technology challenges such as investment management, customer management, and regulation. The paper examines the evolution of fintech in the global market over time.
Summary based on Deloitte's CEE Fintech Report 2016
Source: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/central-europe/ce-fintech-in-cee-region-2016.pdf
This document introduces the 2020 Government AI Readiness Index published by Oxford Insights and the International Development Research Centre. It finds that the US ranks first in overall readiness, while Western European nations like the UK and Germany also score highly. China ranks surprisingly low at 19th due to its focus on implementation over readiness factors. Sub-Saharan Africa, Latin America, and the Caribbean score lowest on average. A new sub-index on responsible AI use finds Nordic countries leading, while the US and UK score lower. The report aims to help governments understand gaps and strengths to improve their AI readiness and ensure its responsible development and use.
Jonker - FinTech (paper for ITechLaw European Conference 2015)Louis Jonker
This document discusses navigating the EU legal framework for financial technology (fintech) innovations. It begins with an introduction on how fintech is disrupting the traditional financial ecosystem. It then provides an overview of the history and eras of fintech development. The document proceeds to describe different categories of fintech services and companies. It notes that fintech startups focus on improving specific parts of traditional business models. The document concludes by highlighting regulatory compliance as an important challenge for fintech companies due to their relative inexperience in this area.
June 2016 summary of startup news reported in South & Southeast Asia, and Australia & New Zealand, covering tech, web, mobile and fintech news of interest.
Daily: startupnewsasia.com/today
Monthly: startupnewsasia.com/monthly
Quarterly: startupnewsasia.com/quarterly
(Almost) everything you need to know to start in FintechSophie Guibaud
This workshop will provide readers with a global overview of the Fintech world, market dynamics and how London has managed to become a leading Fintech hub. They will learn about the various business models that fall under the Fintech umbrella (Payments, Money transfer, Crowdfunding, Lending, Data & Analytics) and also discuss new banking models that are trying to inspire and shape the bank of the future.
Brunswick ISMEA Quarterly Newsletter - May 2017 Brunswick Group
The document discusses various topics related to financial technology (FinTech) across different regions including India, Singapore, and the Middle East. In India, the transition towards a less cash economy has opened opportunities for FinTech companies and startups, while also necessitating greater collaboration between new and traditional financial players. RegTech is emerging in Singapore to help automate regulatory compliance. In the Middle East, financial centers like Dubai and Abu Dhabi are establishing FinTech hubs and accelerators to attract startups and develop links to other regions like Asia.
The document is a manifesto for "The Bubble Generation" which argues that blockchain/crypto entrepreneurs are the new "rock stars" building a new economy. It claims the previous generation failed and that regulations need to adapt to the new decentralized economy, which will create jobs and benefits despite critics calling it a bubble. It invites supporters and opponents to dialogue to move the industry from the "gray zone" to being openly understood and accepted.
This document discusses how technology is transforming financial services and banking. It provides examples of successful e-banking companies like PayPal and ING Direct. It also discusses the growth opportunities in online payments, mobile banking, and peer-to-peer (P2P) lending, especially in developing countries. The document argues that financial institutions need to fully integrate technology into their strategies in order to continue gaining customers.
This document outlines the key features and requirements for a proposed "Digital Bank of the Future" (DBF). It discusses how existing banks are hindered by legacy systems and culture, while new technologies allow for more digital and mobile-focused banking. The document defines three waves of digital banking - with the first being incremental changes to existing banks, the second being "digital hybrids" that still rely on legacy systems, and the third being "digital natives" designed around new technologies. It then summarizes requirements for DBF from the perspectives of customers, investors, and the bank itself, focusing on features like holistic digital experiences, biometrics, digital wallets, payments, financial planning tools, and data-driven personalized services
Africa's most innovative cloud e-commerce/banking solution?Adrian Hall
The document proposes a digital banking platform called iWinPay that aims to promote greater financial inclusion and stimulate local economies in Africa. It was developed by Drs. Linus Etube and Shiyghan Navti based on their experience in banking, finance, and cloud technology. The platform provides a complete digital banking solution for financial institutions and allows for mobile and card-based payments anywhere through an integrated SMS banking module and mobile app. It is designed to facilitate local transactions, credit networks, and programs to encourage spending locally.
The document discusses how FinTech companies are disrupting the banking industry through digital innovation. It provides examples of how FinTechs have impacted various areas like payments, loans, and wealth management by offering more user-friendly and data-driven alternatives to traditional banking services. The document argues that FinTechs are taking market share from banks by focusing only on the most profitable "front office" services while avoiding regulatory burdens. It suggests that within 10 years, only around 100 large global banks may survive this digital disruption of the banking industry by FinTechs.
The mobile money movement: jumpstart to emerging marketsMenekse Gencer
This presentation will be used for an upcoming webinar where the author of the publication "The Mobile Money Movement: Catalyst to Jumpstart Emerging Markets" will present the findings. This article was published by The Innovations Magazine in June 2011. To register for the event, go to: www.mpayconnectseries6.eventbrite.com
Current was founded in 2015 by Stuart Sopp. Stuart Sopp was a Wall Steet trader and worked many major banks including Morgan Stanley, Citi, and Deutsche.
Currently Current offers three types of accounts - A free account, a premium account, and a teen account. The premium account costs US$4.99 a month and the teen account costs US$36 per year per teen.
No minimum balance and no-fee model is targeted at Millenials and Gen Z customers who face liquidity issues in managing their finances. Current primarily uses influencers to reach potential customers.
Current currently has more than 3 million customers and is valued at US$2.2 billion.
This document is a proposal for a case study on the strategic responses of the National Bank of Kenya to the challenges of globalization. It includes an introduction that provides background on strategic responses, globalization, Kenya's banking industry, and the National Bank of Kenya. The problem statement indicates the need to study how the bank responded strategically to globalization. The objectives are to examine the bank's responses and their effectiveness. The study aims to be significant by providing insights for other banks responding to globalization. It will review literature on concepts like globalization, strategic alliances, and new products/markets. Methodology includes a research design, data collection through interviews, and data analysis.
India FinTech Report 2020 - 2nd edition, Executive SummaryMEDICI Inner Circle
- India has emerged as one of the fastest growing FinTech hubs in recent years, with hundreds of new startups being founded each month.
- Government initiatives like demonetization boosted digital payments and the growth of FinTech companies in India.
- However, the FinTech revolution needs to also drive financial inclusion, especially reaching underbanked and unbanked communities in rural areas. Most startups currently do not operate in those segments serving people with incomes of less than $1,300 per year.
- For FinTech to fully enable financial inclusion in India, costs need to be reduced through technology while also creating incentives and financial education for rural populations to use digital payments and services.
A Financial Tech Tsunami Driven by Blockchain AI Crypto EconomicsDinis Guarda
How to Cope in / with a Financial and Tech Tsunami driven by Blockchain, AI and Crypto Economics?
The world economy and the financial industry are only in its early days of digitalisation and disruption.
We are going through a wave, or tsunami of emergent disruptive fintech systems and blockchain decentralised models that will change things forever.
At the moment there is a process of digitalisation / Tokenisation of the economy/ financial industry.
Disruptions and Digital Banking Trends by Luigi Wewege, Jeo Lee and Michael C...Luigi Wewege
Journal of Applied Finance & Banking - Scientific Press International
Technology in financial services, or ‘fintech’, entrants and technology-media-telecommunication companies have rapidly evolved into the traditional banking industry, offering customer-centric, faster-easier-convenient-free, financial services. Digital-only-neo-banks focus on payment, money transfer, lending for small-medium-businesses, and microfinancing, facilitating technological innovation such as digital wallet and messaging peer-to-peer transactions. Fintech banks generally lack scale and trust, unregulated in some cases with credit or liquidity risk exposure, from the customers perspective. Fintechs are increasingly perceived as a partner for a source of value creation through technological advances and innovations to large, traditional, and incumbent banks moving to accelerated digital transformation. All innovative technologies which have laid the groundwork for major disruption in the current digital banking revolution, set forth unimagined trajectory of collaboration and consolidation as fintech industry matures. This paper updates the digital banking transformation in fintechs and incumbent banking institutions to show that access to future fintech trends will grow significantly in coming years. The combined findings suggest that digitalised-mobile-banking transitions emphasize the capabilities of banking infrastructure for data sharing, connectivity, stability and cybersecurity and standardisation of internal and external APIs as progress continues within the regulatory framework of data protection as part of the privacy act and open-banking directives.
The Rise of FinTech_ How Is It Revolutionizing The Future of Finance_.pdfAnil
The evolution of FinTech (Financial Technology) drastically transformed the way traditional financial institutions – insurers and banks functioned. To thrive, global companies, retailers, and large tech giants realized the need to reinvent the value chain of financial services.
As per the Credit Suisse Global Wealth Report 2020, global wealth stood at US$ 399 trillion as of the end of 2019. Most of the global wealth is primarily controlled by older men in North America and Europe.
As per BCG, the Asset Under Management (AuM) for the global asset management industry stood at US$88.7 trillion as of the end of 2019.
The pandemic found the wealth management industry dealing with margin pressure amid the popularity of passive products, on the verge of a great wealth transfer from the Baby Boomers to the younger generations, a rising share of women’s wealth, and increasing regulatory pressure. Revenue from beta is quickly diminishing due to the popularity of passive products. The focus is shifting from margin to increasing AUM.
As per Credit Suisse Global Wealth Report 2020, global wealth decreased by US$ 17 trillion between January and March of 2020. Recovery in the capital markets Q2 onwards led to the recovery of household wealth in Q2 to the levels of the end of 2019. Though the loss of growth represents a more than US$7 trillion loss from expected wealth levels by the end of the first half of 2020. Lower economic activity, lower consumption, and lower investments by both households and corporates likely to restrain household wealth growth for many coming years. The growth rate may not recover to pre-pandemic levels before the end of 2021. Global wealth per adult decreased by 0.4% in the first half of 2020. China is the biggest gainer and Latin America along with Africa are the greatest losers.
Though low-interest-rate environment, making time deposits less attractive, likely to boost funds flows to capital markets and demand for wealth management services.
At the same time, social distancing is forcing digital adoption in wealth management. Apart from that, the great wealth transfer will mean that the wealth management sector needs a paradigm shift in their client engagements. The expectations of tech-savvy millennials are very much different from the older generations. Instant gratification, higher involvement in the process, and constant monitoring are some of the features Millennials expect.
Micro-Investment platforms and Online Brokers are expected to be immensely beneficial as tech-savvy Millennials control more and more wealth. Self-service platforms that specialize in passive products (MF, ETF) are especially lucrative.
Hybrid services that combine human touch with tech efficiency will likely to become mainstream as wealth management firms push for cost-cutting and younger generations control more and more wealth.
As many traditional wealth management firms will look to increase their digital capabilities, WealthTech firms with proven business models are expected to be seen as attractive acquisition targets.
This document discusses fintechs and provides definitions and examples. It begins by defining fintech as the use of technology to make financial systems more efficient. It then discusses what fintechs do, including providing services like lending, payments and money transfers in a more convenient way than traditional banks. The document provides examples of fintech applications and companies. It also discusses topics like open banking, APIs, fintech adoption rates in different parts of the world, and the fintech ecosystem in Turkey.
The purpose of this paper is to discuss issues such as fintech drivers, shortcomings of traditional financial services, and the role of technological advancement. The paper also addresses issues concerning fintech investment and disruption. It refers to financial technology challenges such as investment management, customer management, and regulation. The paper examines the evolution of fintech in the global market over time.
Summary based on Deloitte's CEE Fintech Report 2016
Source: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/central-europe/ce-fintech-in-cee-region-2016.pdf
This document introduces the 2020 Government AI Readiness Index published by Oxford Insights and the International Development Research Centre. It finds that the US ranks first in overall readiness, while Western European nations like the UK and Germany also score highly. China ranks surprisingly low at 19th due to its focus on implementation over readiness factors. Sub-Saharan Africa, Latin America, and the Caribbean score lowest on average. A new sub-index on responsible AI use finds Nordic countries leading, while the US and UK score lower. The report aims to help governments understand gaps and strengths to improve their AI readiness and ensure its responsible development and use.
Jonker - FinTech (paper for ITechLaw European Conference 2015)Louis Jonker
This document discusses navigating the EU legal framework for financial technology (fintech) innovations. It begins with an introduction on how fintech is disrupting the traditional financial ecosystem. It then provides an overview of the history and eras of fintech development. The document proceeds to describe different categories of fintech services and companies. It notes that fintech startups focus on improving specific parts of traditional business models. The document concludes by highlighting regulatory compliance as an important challenge for fintech companies due to their relative inexperience in this area.
June 2016 summary of startup news reported in South & Southeast Asia, and Australia & New Zealand, covering tech, web, mobile and fintech news of interest.
Daily: startupnewsasia.com/today
Monthly: startupnewsasia.com/monthly
Quarterly: startupnewsasia.com/quarterly
(Almost) everything you need to know to start in FintechSophie Guibaud
This workshop will provide readers with a global overview of the Fintech world, market dynamics and how London has managed to become a leading Fintech hub. They will learn about the various business models that fall under the Fintech umbrella (Payments, Money transfer, Crowdfunding, Lending, Data & Analytics) and also discuss new banking models that are trying to inspire and shape the bank of the future.
Brunswick ISMEA Quarterly Newsletter - May 2017 Brunswick Group
The document discusses various topics related to financial technology (FinTech) across different regions including India, Singapore, and the Middle East. In India, the transition towards a less cash economy has opened opportunities for FinTech companies and startups, while also necessitating greater collaboration between new and traditional financial players. RegTech is emerging in Singapore to help automate regulatory compliance. In the Middle East, financial centers like Dubai and Abu Dhabi are establishing FinTech hubs and accelerators to attract startups and develop links to other regions like Asia.
The document is a manifesto for "The Bubble Generation" which argues that blockchain/crypto entrepreneurs are the new "rock stars" building a new economy. It claims the previous generation failed and that regulations need to adapt to the new decentralized economy, which will create jobs and benefits despite critics calling it a bubble. It invites supporters and opponents to dialogue to move the industry from the "gray zone" to being openly understood and accepted.
This document discusses how technology is transforming financial services and banking. It provides examples of successful e-banking companies like PayPal and ING Direct. It also discusses the growth opportunities in online payments, mobile banking, and peer-to-peer (P2P) lending, especially in developing countries. The document argues that financial institutions need to fully integrate technology into their strategies in order to continue gaining customers.
This document outlines the key features and requirements for a proposed "Digital Bank of the Future" (DBF). It discusses how existing banks are hindered by legacy systems and culture, while new technologies allow for more digital and mobile-focused banking. The document defines three waves of digital banking - with the first being incremental changes to existing banks, the second being "digital hybrids" that still rely on legacy systems, and the third being "digital natives" designed around new technologies. It then summarizes requirements for DBF from the perspectives of customers, investors, and the bank itself, focusing on features like holistic digital experiences, biometrics, digital wallets, payments, financial planning tools, and data-driven personalized services
Africa's most innovative cloud e-commerce/banking solution?Adrian Hall
The document proposes a digital banking platform called iWinPay that aims to promote greater financial inclusion and stimulate local economies in Africa. It was developed by Drs. Linus Etube and Shiyghan Navti based on their experience in banking, finance, and cloud technology. The platform provides a complete digital banking solution for financial institutions and allows for mobile and card-based payments anywhere through an integrated SMS banking module and mobile app. It is designed to facilitate local transactions, credit networks, and programs to encourage spending locally.
The document discusses how FinTech companies are disrupting the banking industry through digital innovation. It provides examples of how FinTechs have impacted various areas like payments, loans, and wealth management by offering more user-friendly and data-driven alternatives to traditional banking services. The document argues that FinTechs are taking market share from banks by focusing only on the most profitable "front office" services while avoiding regulatory burdens. It suggests that within 10 years, only around 100 large global banks may survive this digital disruption of the banking industry by FinTechs.
The mobile money movement: jumpstart to emerging marketsMenekse Gencer
This presentation will be used for an upcoming webinar where the author of the publication "The Mobile Money Movement: Catalyst to Jumpstart Emerging Markets" will present the findings. This article was published by The Innovations Magazine in June 2011. To register for the event, go to: www.mpayconnectseries6.eventbrite.com
Current was founded in 2015 by Stuart Sopp. Stuart Sopp was a Wall Steet trader and worked many major banks including Morgan Stanley, Citi, and Deutsche.
Currently Current offers three types of accounts - A free account, a premium account, and a teen account. The premium account costs US$4.99 a month and the teen account costs US$36 per year per teen.
No minimum balance and no-fee model is targeted at Millenials and Gen Z customers who face liquidity issues in managing their finances. Current primarily uses influencers to reach potential customers.
Current currently has more than 3 million customers and is valued at US$2.2 billion.
This document is a proposal for a case study on the strategic responses of the National Bank of Kenya to the challenges of globalization. It includes an introduction that provides background on strategic responses, globalization, Kenya's banking industry, and the National Bank of Kenya. The problem statement indicates the need to study how the bank responded strategically to globalization. The objectives are to examine the bank's responses and their effectiveness. The study aims to be significant by providing insights for other banks responding to globalization. It will review literature on concepts like globalization, strategic alliances, and new products/markets. Methodology includes a research design, data collection through interviews, and data analysis.
India FinTech Report 2020 - 2nd edition, Executive SummaryMEDICI Inner Circle
- India has emerged as one of the fastest growing FinTech hubs in recent years, with hundreds of new startups being founded each month.
- Government initiatives like demonetization boosted digital payments and the growth of FinTech companies in India.
- However, the FinTech revolution needs to also drive financial inclusion, especially reaching underbanked and unbanked communities in rural areas. Most startups currently do not operate in those segments serving people with incomes of less than $1,300 per year.
- For FinTech to fully enable financial inclusion in India, costs need to be reduced through technology while also creating incentives and financial education for rural populations to use digital payments and services.
A Financial Tech Tsunami Driven by Blockchain AI Crypto EconomicsDinis Guarda
How to Cope in / with a Financial and Tech Tsunami driven by Blockchain, AI and Crypto Economics?
The world economy and the financial industry are only in its early days of digitalisation and disruption.
We are going through a wave, or tsunami of emergent disruptive fintech systems and blockchain decentralised models that will change things forever.
At the moment there is a process of digitalisation / Tokenisation of the economy/ financial industry.
Disruptions and Digital Banking Trends by Luigi Wewege, Jeo Lee and Michael C...Luigi Wewege
Journal of Applied Finance & Banking - Scientific Press International
Technology in financial services, or ‘fintech’, entrants and technology-media-telecommunication companies have rapidly evolved into the traditional banking industry, offering customer-centric, faster-easier-convenient-free, financial services. Digital-only-neo-banks focus on payment, money transfer, lending for small-medium-businesses, and microfinancing, facilitating technological innovation such as digital wallet and messaging peer-to-peer transactions. Fintech banks generally lack scale and trust, unregulated in some cases with credit or liquidity risk exposure, from the customers perspective. Fintechs are increasingly perceived as a partner for a source of value creation through technological advances and innovations to large, traditional, and incumbent banks moving to accelerated digital transformation. All innovative technologies which have laid the groundwork for major disruption in the current digital banking revolution, set forth unimagined trajectory of collaboration and consolidation as fintech industry matures. This paper updates the digital banking transformation in fintechs and incumbent banking institutions to show that access to future fintech trends will grow significantly in coming years. The combined findings suggest that digitalised-mobile-banking transitions emphasize the capabilities of banking infrastructure for data sharing, connectivity, stability and cybersecurity and standardisation of internal and external APIs as progress continues within the regulatory framework of data protection as part of the privacy act and open-banking directives.
The Rise of FinTech_ How Is It Revolutionizing The Future of Finance_.pdfAnil
The evolution of FinTech (Financial Technology) drastically transformed the way traditional financial institutions – insurers and banks functioned. To thrive, global companies, retailers, and large tech giants realized the need to reinvent the value chain of financial services.
This paper aims to provide a foundation for anyone looking to understand the potential of digital assets such as crypto currencies as a future asset class.
The document discusses the opportunities and risks associated with cryptocurrencies, including their volatility and reliance on decentralized software. It also talks about central banks embracing digital currencies to maintain control over the financial system while regulating privately created cryptocurrencies. The document covers a wide range of topics related to cryptocurrencies, central bank digital currencies, and the future of money.
The document discusses the financial revolution driven by digitization, disaggregation, and decentralization. It summarizes that fintech startups are using new technologies like APIs, cloud services, and algorithms to build faster and offer more user-friendly interfaces, while traditional banks still handle the underlying financial infrastructure. This has created a relationship of "frenemies" between fintech startups and incumbents. The revolution is opening up financial services to more consumers while also introducing new risks from issues like increased complexity and lack of regulation in the new areas.
This document summarizes a study examining the potential benefits and challenges of legalizing crypto-currency as a medium of exchange in Nigeria. It provides background on crypto-currencies like Bitcoin and reviews Nigeria's current regulatory stance, which prohibits crypto-currency use due to risks. The study aims to determine if legalizing crypto-currency could benefit Nigeria's economy. It utilizes surveys and statistical analysis to evaluate the relationship between crypto-currency use and economic growth. Preliminary findings suggest there may be both risks and benefits, but further research is needed to make regulatory recommendations.
Exploring the Global Fintech Industry- Market Overview with Key Highlights.pptxRed Apple Technologies
To shine in this demanding segment, seeking help from a professional Fintech app development company will be helpful. Some Major Fintech Market Insights that You Should Know in this presentation by Red Apple Technologies www.redappletech.com.
The Crypto Craze: A Beginner's Guide to Understanding and Investing in Crypto...HafsaZahid23
"The Crypto Craze" is the ultimate guide for anyone looking to get started with cryptocurrency. This ebook provides a clear and concise introduction to the world of digital currencies, including Bitcoin, Ethereum, and other altcoins.
With easy-to-understand explanations and practical tips, readers will learn the basics of how cryptocurrency works, how to buy and sell it, and how to store it securely. The ebook also covers popular crypto trading strategies and provides insights on the latest trends and developments in the crypto market.
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The adoption of bitcoins technology: The difference between perceived future ...IJECEIAES
Bitcoin is a decentralized system that tries to become a solution to the shortcomings of fiat and gold-based currencies. Considering its newness, the adoption level of bitcoin is yet understood. Hence, several variables are proposed in this work in examining user perceptions regarding performance expectancy, effort expectancy, trust, adoption risk, decentralization and social influence interplay, with the context of user’s future expectation and behavioral intentions to use bitcoins. Data were gathered from 293 completed questionnaire and analised using AMOS 18. The outcomes prove the sound predictability of the proposed model regarding user’s future expectations and intentions toward bitcoins. All hypotheses were supported, they were significantly affecting the dependent variables. Social influence was found as the highest predictor of behavioral intention to negatively utilize bitcoins. The significant impact of social influence, adoption risk and effort expectancy which affect behavioral intention to use bitcoins the most, are demonstrated in this study. Bitcoins should thus, present an effective, feasible and personalized program which will assist efficient usage among users. Additionally, the impacts of social influence, adoption risk and perceived trust on behavioral intention to utilize new technology were compared, and their direct path was tested together, for the first time in this context.
This document discusses the concept of "Fintech 2.0" and the opportunities for collaboration between banks and fintech startups. It argues that fintech startups have succeeded in certain areas by developing more user-friendly and cost-effective digital products, but to realize their full potential will need to work more closely with banks who provide access to data, distribution networks, and regulatory expertise. The document outlines several areas where fintech innovation could transform banking, such as using internet of things data, smart data analytics, distributed ledgers, and reducing friction in processes like mortgages and savings. The overall premise is that banks and fintechs should collaborate to mutual benefit, with each providing what the other currently lacks.
The FinTech 2.0 Paper: rebooting financial servicesEdwin Soares
This document discusses the potential for collaboration between banks and financial technology startups (fintechs) to realize "Fintech 2.0". It argues that fintechs have succeeded in certain areas like payments and lending by having fewer regulations, lower costs, and a more digital focus than banks. However, to fundamentally change banking, fintechs must work with banks which have advantages like existing customers, brands, and regulatory expertise. The document outlines opportunities for collaboration between banks and fintechs in areas like using data from the Internet of Things, analyzing "smart data", implementing distributed ledger technology, and creating frictionless processes. It concludes that both banks and fintechs will benefit most from cooperation rather than competition to realize the
Virtual currency would play a role in disrupting the conventional transaction models and have a potential impact on various sectors. Know more about the trends and the multiple challenges faced by businesses in adopting the virtual currency. Download the Business Research report by Aranca.
Virtual currency has been a debated concept within the technology community in the past few years, as transactions through this medium do not require any third party’s involvement. Know more details from Aranca's Business Research Experts here.
The Finance, The Digital & The Society - Smart Cities Summit 2018 - AlgiersSmart Algiers
The document discusses the development of fintech and its impact on traditional banking. It provides several case studies of fintech startups operating in areas like payments, lending, equity crowdfunding, and trade receivables. The second wave of fintech is growing quickly and banks are responding by either cooperating with fintech firms or developing modular offerings. The rest of the document focuses on Banxy, a new mobile-only bank launched by Natixis Algeria to provide a more accessible and convenient banking experience for customers.
Katina Stefanova is a Strategic leadership|strategic leader[1] in asset management and financial services, thought leader on disruption in asset management, frequent keynote speaker[2], and contributor to Forbes. She is the founder and CEO of Marto Capital – a multi-strategy macro-economic investment firm focused on fundamental models..
Electronic and digital currencies like bitcoin provide a new way to transfer money globally with very low fees. While they currently lack regulations, cryptocurrencies allow migrant workers to send money home more cheaply than traditional money transfer services. The decentralized nature of cryptocurrency networks also enables peer-to-peer transactions without centralized control. However, cryptocurrencies are still in their early stages and face challenges around their status as legal tender and how they should be classified for tax and regulatory purposes.
The impact of the FinTech revolution on the future of banking.pdfTODICHIRALIA
This document summarizes a research paper that examines the opportunities and risks for banks from the financial technology (FinTech) revolution. It finds that while FinTech lenders are unlikely to replace banks, FinTech is disrupting banks' traditional roles as providers of liquidity and payment services. Regulation, infrastructure, and geopolitics will shape banking's future form as banks adapt by developing their own FinTech platforms or partnering with startups.
Similar to Libra and the Others The Future of Digital Money (20)
If you’re at all interested in digital
marketing and in making a name for
your brand online, then it is crucial that
you understand how to properly make
use of content marketing. Content
marketing is currently one of the
biggest trends in digital marketing as a
whole and is an area that many website owners and brands are investing in
heavily right now thanks to the impressive returns that they are seeing.
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptxelizabethella096
In today’s fast-paced world, stress and anxiety have become common companions for many. With constant connectivity and an unending stream of information, finding moments of peace can seem like an insurmountable challenge. However, mindfulness techniques offer a beacon of calm amidst the chaos, helping individuals to center themselves and find balance. These practices, rooted in ancient traditions and supported by modern science, are accessible to everyone and can profoundly impact mental and emotional well-being.
Conferences like DigiMarCon provide ample opportunities to improve our own marketing programs by learning from others. But just because everyone is jumping on board with the latest idea/tool/metric doesn’t mean it works – or does it? This session will examine the value of today’s hottest digital marketing topics – including AI, paid ads, and social metrics – and the truth about what these shiny objects might be distracting you from.
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In this humorous and data-heavy Master Class, join us in a joyous celebration of life honoring the long list of SEO tactics and concepts we lost this year. Remember fondly the beautiful time you shared with defunct ideas like link building, keyword cannibalization, search volume as a value indicator, and even our most cherished of friends: the funnel. Make peace with their loss as you embrace a new paradigm for organic content: Pillar-Based Marketing. Along the way, discover that the results that old SEO and all its trappings brought you weren’t really very good at all, actually.
In this respectful and life-affirming service—erm, session—join Ryan Brock (Chief Solution Officer at DemandJump and author of Pillar-Based Marketing: A Data-Driven Methodology for SEO and Content that Actually Works) and leave with:
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Meta Revolutionizes Product Promotion with Automated Video Catalog Ads.pptxprovidenceadworks416
As a digital marketer, I am thrilled to see Meta revolutionizing product promotion with its new automated video catalog ads. This innovative feature allows anyone to seamlessly integrate dynamic video content into my catalog product ads, enhancing the visual appeal and engagement of campaigns. By leveraging Meta's advanced AI and machine learning capabilities, one can automatically deliver tailored video ads to the most interested users, boosting traffic and conversions. This new approach not only simplifies the ad creation process but also significantly improves performance and ROI.
Evaluating the Effectiveness of Women-Focused MarketingHighViz PR
Women centric marketing is a vital part in reaching one of the most influential groups of consumers. Here is a guide to know and measure the impact of women-centric marketing efforts-
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Title: Making Money the Easy Way: A Quick Guide to Generating IncomeWilliamZinsmeister
Welcome to "Making Money the Easy Way: A Quick Guide to Generating Income." This book is designed to provide you with practical, actionable strategies to generate income with minimal effort. Whether you’re looking to supplement your current income or create a full-time revenue stream, this guide covers a variety of methods to help you achieve your financial goals. We will explore opportunities available online, various investment strategies, profitable side hustles, creative approaches, and essential financial tips to ensure sustainable income growth.
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdfSimpleMoneyMaker
Discover the power of affiliate marketing with ChatGPT! This comprehensive guide takes you through the process of starting and scaling your affiliate marketing business using the latest AI technology. Learn how to leverage ChatGPT to generate content ideas, create engaging articles, and connect with your audience through personalized interactions. From building your strategy and optimizing conversions to analyzing performance and staying updated with industry trends, this eBook provides everything you need to know to succeed in affiliate marketing. Whether you're a beginner looking to start your online business or an experienced marketer wanting to take your efforts to the next level, this guide is your roadmap to success in the world of affiliate marketing.
AI Best Practices for Marketing HUG June 2024Amanda Farrell
During this presentation, the Nextiny marketing team reviews best practices when adopting generative AI into content creation. Join our HUG community to register for more events https://events.hubspot.com/sarasota/
Customer Experience is not only for B2C and big box brands. Embark on a transformative journey into the realm of B2B customer experience with our masterclass. In this dynamic session, we'll delve into the intricacies of designing and implementing seamless customer journeys that leave a lasting impression. Explore proven strategies and best practices tailored specifically for the B2B landscape, learning how to navigate complex decision-making processes and cultivate meaningful relationships with clients. From initial engagement to post-sale support, discover how to optimize every touchpoint to deliver exceptional experiences that drive loyalty and revenue growth. Join us and unlock the keys to unparalleled success in the B2B arena.
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Basic Management Concepts., “Management is the art of getting things done thr...DilanThennakoon
The managers achieve organizational objectives by getting work from
others and not performing in the tasks themselves.
Management is an art and science of getting work done through people.
It is the process of giving direction and controlling the various activities
of the people to achieve the objectives of an organization Management is a universal process in all organized, social and economic activities. Wherever
there is human activity there is management.
Management is a vital aspect of the economic life of man, which is an organized group activity. A
central directing and controlling agency is indispensable for a business concern. The productive
resources –material, labour, capital etc. are entrusted to the organizing skill, administrative ability
and enterprising initiative of the management. Thus, management provides leadership to a
business enterprise. Without able managers and effective managerial leadership the resources of
production remain merely resources and never become production. Management occupies such an
important place in the modern world that the welfare of the people and the destiny of the country
are very much influenced by it.
1.2 MEANING OF MANAGEMENT
Management is a technique of extracting work from others in an integrated and co-ordinated
manner for realizing the specific objectives through productive use of material resources.
Mobilising the physical, human and financial resources and planning their utilization for business
operations in such a manner as to reach the defined goals can be benefited to as management.
1.3 DEFINITION OF MANAGEMENT
Management may be defined in many different ways. Many eminent authors on the subject have
defined the term "management". Some of these definitions are reproduced below:
In the words of George R Terry - "Management is a distinct process consisting of planning,
organising, actuating and controlling performed to determine and accomplish the objectives by the
use of people and resources".
According to James L Lundy - "Management is principally the task of planning, co¬ordinating,
motivating and controlling the efforts of others towards a specific objective",
In the words of Henry Fayol - "To manage is to forecast and to plan, to organise, to command, to
co-ordinate and to control".
According to Peter F Drucker - "Management is a multipurpose organ that manages a business and
manages managers and manages worker and work".
In the words of J.N. Schulze - "Management is the force which leads, guides and directs an
organisation in the accomplishment of a pre-determined object".
In the words of Koontz and O'Donnel - "Management is defined as the creation and maintenance
of an internal environment in an enterprise where individuals working together in groups can
perform efficiently and effectively towards the attainment of group goals".
According to Ordway Tead - "Management is the process and agency which directs and guides the
operations of an organisation in realising of established aim
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptxelizabethella096
In today’s fast-paced world, stress and anxiety have become common companions for many. With constant connectivity and an unending stream of information, finding moments of peace can seem like an insurmountable challenge. However, mindfulness techniques offer a beacon of calm amidst the chaos, helping individuals to center themselves and find balance. These practices, rooted in ancient traditions and supported by modern science, are accessible to everyone and can profoundly impact mental and emotional well-being.
Unleash the Power of Storytelling - Win Hearts, Change Minds, Get Results - R...
Libra and the Others The Future of Digital Money
1. Istituto Affari Internazionali (IAI)
Libra and the Others:: The Future of Digital Money
Author(s): Nicola Bilotta and Fabrizio Botti
Istituto Affari Internazionali (IAI) (2018)
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