The Australian Parliament, through the voice of Treasurer Scott Morrison, recently introduced a bill aimed at removing the regulatory barriers to Crowd-Sourced Funding (CSF). CSF is a fundraising model that allows individual investors to directly invest in small companies, which might otherwise struggle to access affordable sources of funding. The concept of CSF is better known as ‘equity crowdfunding’ in other countries, and is for instance described as such in the American legislation.
We’re proud to announce that we shall be speaking at the Paris Fintech Forum to address the forum, on how the global fintech market is evolving and what the future holds.
There’s a lot of excitement about blockchain and the opportunities it offers the financial services ecosystem, but a lot of work is still needed on bridging the learning curve around actual applications and implications. The very fabric of blockchain, its decentralization, is what makes it both interesting and at the same time, difficult to fit into current structures.
Speaking with a peer from the banking industry, a claim arose that the problem with banks nowadays is that in the contemporary fast-paced environment, they are not able to compete with fintech disruptors and are paying for decades of missed investments in innovation.
It’s amazing to think we’re at the end of 2016, but so we are and it’s time to look ahead to all the materialization we may expect from the digitalization of financial services in 2017.
Turning our attention to Eastern Europe, the beautiful country of Czech Republic, steeped in history, catches our attention. With focus of the fintech world concentrated on hubs such as New York, Silicon Valley, London and Berlin, Prague seems to run under the radar for the most part but given that Prague is the fifth most visited city in Europe, it can’t afford to fall behind. Looking at the figure below, we see that there are a number of successful fintech firms comprising the Czech ecosystem.
It’s no secret that markets gravitate toward greater efficiency with financial services being no different. As we often cover market segments ranging from peer to peer lending, wealth management / robo advisory and online syndication / crowdfunding marketplaces, the innovation emerging is multifaceted and rapid. It’s directed towards reducing friction and better overall service quality or user experience in financial services contexts. But what does this really mean - a future where software developers replace bankers as the architects of financial services?
With the recent implementation of the demonetization rules by the Government of India, a lot of interesting events have taken place in the day-to-day life of the Indian masses. With the largest denomination bank notes of Rs. 500 and Rs. 1,000 taken out of circulation, that accounted for about 86% of India’s cash circulation by value, people were forced to explore alternative routes like online banking and e-wallets as their cash alternatives.
Launching a digital finance portal for the first time can be difficult. From our experience, we understand there are many moving parts to this venture so, at a high level, we have outlined the main considerations when starting such an undertaking.
We’re excited to be joining on stage at the Clinton Presidential Library in Little Rock to address the financing of the worlds global challenges.