Changes take time, until they just happen. Financial services are at the cusp of a remarkable change that few bankers realize. The decentralization of technology, new regulation increasing competitiveness and ecosystem strategies - all these trends will mark the rise of a new era of financial services. This era will be fundamental to end user value, and those who provide it, will thrive.
The only methodology that yields proven and measurable results is trial and error. No matter the MBAs in the room and the PowerPoint charts and simulations, nothing will compare to trial and error. If we accept this fact, and we should, then the thing to aim for is to maximize the amount of experiments in order to observe and measure what in fact works and yields the result we desire. Move fast and break things, so to speak.
New applications that sit at a legal gray area for financing innovative companies. Excited investors pouring in millions and millions of capital. Regulators and policy makers trying to understand the new models and introduce investor safeguards as well as industry guidelines. Financial institutions watching by the sidelines, evaluating what their next move will be and how to respond. The year is 2010 and everyone is excited about the prospect of crowdfunding.
The fintech industry has grown exponentially in the past few years and along with that the number of events and conferences covering topics related to financial technology. Here we have compiled a list of those we think are the fintech events that you can’t miss in 2018. We bet this is the best list that you can find around!
Difitek is invited to speak at Crypto Funding Summit, an international event curated by crypto experts and enthusiasts, that will take place on January 24 and 25, at the Los Angeles Convention Center, in Los Angeles, California. Difitek’s Chairman Jouko Ahvenainen will represent the company at the event.
January 10, 2018 – As part of capitalizing on its market success and strategic developments, Crowd Valley will now be known as Difitek (www.difitek.com). Following the growth of the digital finance market, the company has a full offering through its back office and API for a wide range of financial offerings, such as online lending, online investing, trading, cryptocurrencies and ICOs, neobanks, energy and real estate applications.
We recently had the pleasure to have a conversation with Angel Lorente, an Executive Director for Morgan Stanley’s Institutional Securities Group Finance Division and the Global Treasury Capital Markets Controller. In 2013, Angel was named to Diversity MBA Magazine’s Top 100 Under 50 Diverse Executives. While it was 2016 when he started independently advising and mentoring fintech businesses and entrepreneurs. Fascinated by this flourishing industry he created FinTech Connector, to help connect Fintech entrepreneurs with fintech thought-leaders, enablers and investors to innovate financial services. This interview is the first of a series that we will publish with global fintech leaders. We hope you will enjoy it.
Tokenization has become a key trend with digital currencies and cryptostrategies in financial services. Tokens seem to be raising hundreds of millions in real time left and right. For an existing financial services firm, should you look at a token strategy and if so, how should you look at it?
With the advent of PSD2 in Europe, financial services companies have embarked on their Open Banking initiatives, which are set for full swing in 2018. Banks have been writing and exposing APIs for third parties to pull data and perform actions on the banks platforms through these APIs in order to provide more customer facing service innovation. For many banks this is the final step for complying with the PSD2 regulation, but the reality is that it’s only the very first step in the total transformation to an open financial services ecosystem.