Podcast
Questions and Answers
What is the primary focus of FinTech?
What is the primary focus of FinTech?
What is the main intersection of FinTech?
What is the main intersection of FinTech?
When did the term FinTech originate?
When did the term FinTech originate?
What is the characteristic of FinTech?
What is the characteristic of FinTech?
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What is the focus of FinTech in terms of investments?
What is the focus of FinTech in terms of investments?
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Why has FinTech gained attention since the last decade?
Why has FinTech gained attention since the last decade?
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What is the primary goal of FinTech disruptors?
What is the primary goal of FinTech disruptors?
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What is one of the effects of FinTech disruption on the financial industry?
What is one of the effects of FinTech disruption on the financial industry?
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Which of the following technologies is NOT listed as an application of new technologies to financial services?
Which of the following technologies is NOT listed as an application of new technologies to financial services?
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What is one of the challenges posed by FinTech innovations?
What is one of the challenges posed by FinTech innovations?
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What is the result of FinTech disruption on the relationship between consumers and financial service providers?
What is the result of FinTech disruption on the relationship between consumers and financial service providers?
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What is one of the areas where FinTech disruptors are innovating?
What is one of the areas where FinTech disruptors are innovating?
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What year was the first transatlantic cable introduced?
What year was the first transatlantic cable introduced?
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What was introduced in 1967?
What was introduced in 1967?
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What was launched in 2007?
What was launched in 2007?
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What was established in 2009?
What was established in 2009?
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What was the period of financial globalisation from 1866 to 1967 known as?
What was the period of financial globalisation from 1866 to 1967 known as?
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What was re-branched as Ant Financial in 2014?
What was re-branched as Ant Financial in 2014?
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What was replaced with Blockchain in 2019?
What was replaced with Blockchain in 2019?
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What was launched in 1983?
What was launched in 1983?
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What is the time period associated with FinTech 2.0?
What is the time period associated with FinTech 2.0?
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What is the key element that distinguishes FinTech 3.0 from previous eras?
What is the key element that distinguishes FinTech 3.0 from previous eras?
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What is the geographical focus of FinTech 3.5?
What is the geographical focus of FinTech 3.5?
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What is the origin of the shift in FinTech 3.0?
What is the origin of the shift in FinTech 3.0?
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What is the definition of FinTech according to EY?
What is the definition of FinTech according to EY?
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What is the stage of FinTech adoption in 2017 according to EY?
What is the stage of FinTech adoption in 2017 according to EY?
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What is the characteristic of FinTech companies in 2019 according to EY?
What is the characteristic of FinTech companies in 2019 according to EY?
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What is the time period associated with FinTech 1.0?
What is the time period associated with FinTech 1.0?
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In which year did FinTech investment globally double?
In which year did FinTech investment globally double?
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What is the primary function of traditional financial markets?
What is the primary function of traditional financial markets?
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Which of the following technologies is NOT a underlying FinTech technology?
Which of the following technologies is NOT a underlying FinTech technology?
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What drives FinTech disruption?
What drives FinTech disruption?
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What is the estimated total investment in FinTech in 2018?
What is the estimated total investment in FinTech in 2018?
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What is the primary goal of Global Financial Systems (GFS)?
What is the primary goal of Global Financial Systems (GFS)?
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What is the name of the report that provides an analysis of FinTech deals globally?
What is the name of the report that provides an analysis of FinTech deals globally?
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What is the name of the underlying technology that is used in cryptocurrency?
What is the name of the underlying technology that is used in cryptocurrency?
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Which of the following is NOT a type of FinTech application?
Which of the following is NOT a type of FinTech application?
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What is the primary motivation behind FinTech disruption?
What is the primary motivation behind FinTech disruption?
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Study Notes
FinTech History and Development
- FinTech can be traced back to the early 1990s, but its roots date back to 1866 with the first transatlantic cable, combining finance and technology.
- 1850-1967: FinTech 1.0, characterized by the initial combination of finance and technology, leading to financial globalization.
- 1967-2008: FinTech 2.0, marked by the shift from analog to digital, led by traditional financial institutions.
- 2008-present: FinTech 3.0, characterized by the emergence of new players (start-ups) and existing companies in the space.
- FinTech 3.5: Developing countries' adoption of FinTech.
Global FinTech Landscape
- 2019: FinTech companies offer a broad array of financial services and operate on a global stage.
- 2017: The FinTech industry had grown rapidly and achieved initial mass adoption.
- 2015: FinTech was nascent but more than just hype.
FinTech Investment
- Global FinTech investment doubled in 2018, with significant growth in the Americas, Europe, and Asia.
- Total investment activity (VC, PE, and M&A) in FinTech reached $111.8 billion in 2018.
FinTech Australia
- FinTech Australia census 2019 provides insights into the Australian FinTech industry.
FinTechnologies
- Examples of underlying technologies include Blockchain, Big Data, Artificial Intelligence, Biometric Technologies, and others.
- Financial innovations include RegTech, Payment, Crowdfunding, Cryptocurrency, ProTech, Robot-Advising, InsurTech, and others.
Disruption Nature of FinTech
- FinTech disrupts traditional financial markets by bypassing incumbent institutions, seeking lower costs, fewer restrictions, and more efficiency.
- Competition and cooperation among disruptors and incumbent financial institutions shape the FinTech landscape.
- FinTech solves existing problems, alters relationships between consumers and financial service providers, and challenges traditional business models.
Applications of New Technologies to Financial Services
- New technologies such as Blockchain, Big Data, Internet of Things, Cloud Computing, Artificial Intelligence, Biometric, and Augmented/Virtual Reality are applied to various financial services, including Payment, Advisory, Investment, Lending & Funding, Insurance, Security, Operations, and Communications.
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Description
Explore the evolution of FinTech, its global landscape, and its impact on financial innovations. Learn about the main Fin-technologies and their disruption nature.
