Search Result: till payments

May
05

Globalisation of FinTech: Are we learning from our neighbours?

Most areas in the fintech space are hotly contested. Anyone watching the fintech space can feel overwhelmed by the sheer volume of perspectives that emerge when a new product is launched, an article is written or a tweet is sent. And that is largely because fintech is global.   Fintech companies may operate in their own local markets and compete with, or “disrupt”, local banks, but financial technology as a whole is a global dealing. Any discussion of fintech needs to have this perspective.   This is not just a matter of having the correct frame of reference for discussion and debate, it ensures we find the right way to […]

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Aug
31

Will Bitcoin Finally Bring Down The House Of Medici? | TechCrunch

This article makes a great argument for Bitcoin and explains why we should use it instead of the current process. In the 14th century, the Medici family used the power of its newly invented, double-entry accounting system to build a cross-border banking empire that banks still use today. Now more than 600 years later, cross-border payments total more than $22 trillion. Source: Will Bitcoin Finally Bring Down The House Of Medici? | TechCrunch

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About FinTech

About FinTech The global events that occurred in the mid 2000's provided the perfect storm for this emerging industry. The GFC meant that experienced people lost their jobs, there was declining costs involved for startups and an increasing number of new graduates with no industries to enter, meant the talent that usually advanced the banks' dominance were encouraged to build their own businesses. The enormous success of early entrants such as PayPal and Square has had a profound effect on the industry with smart people the world over making products that focus on the user not the “middleman” (bank/incumbent). As more and more people are discovering FinTech they are realising […]
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