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  • @fintechna 3:35 am on December 22, 2016 Permalink | Reply
    Tags: 8211, , , , , , , Common, Diamonds, , , , , ,   

    Diamonds, UNICEF and The Music Industry, What Do They Have In Common? 

    Luis Carranza, founder of Worldwide and organiser of London Blockchain Week discusses and Distributed Ledger (DLT) in 2017

    There’s been a lot of talk about blockchain over the past year. Sometimes I think back to when I opened the first Blockchain Conference back in 2015, and the look of bewilderment on people’s faces as tried to get their heads around my chosen focus. ‘Don’t you mean ?’ they used to say.

    But the distributed ledger technology that was initially overlooked as the underlying tech that facilitated bitcoin transactions soon rose to prominence and is now being discussed at a global level by key players and not just in the financial sector. Investors, developers and entrepreneurs have recognised the versatility of Blockchain and its potential for greater transactional speed, security and simplicity.

    PSD2 and Blockchain

    As the relationship between countries fragments, blockchain will take a leading role in financial services, notably cross border payments and trade finance, and leading concepts that have been in the making will see the necessary investment that lifts them off the page and into fruition. The planned revisions to PSD2 in 2018 will undoubtedly lead to stronger relationships between and fintech start-ups over the coming year.

    Closer to home, the UK government will take centre stage as the driving force behind blockchain development. This year saw Credits awarded the first G-cloud blockchain platform-as-a-service agreement by the government &; a major step forward in public sector acceptance of the technology.

    Diamonds, UNICEF and The Music Industry, What Do They Have In Common? fintech

    Luis Carranza, founder of Fintech Worldwide and organiser of London Blockchain Week discusses Blockchain and Distributed Ledger Technology (DLT) in 2017

    There’s no doubt more UK government funding will be pumped into blockchain, in a report on the subject, the Government Chief Scientific Adviser, Sir Mark Walport, wrote: &;distributed ledger technology has the potential to redefine the relationship between government and citizens in terms of data-sharing, transparency and trust,&; which accurately sums up the benefits for wider society, from healthcare to pensions.

    Something that’s impossible to miss is the wide variety of sectors that blockchain is applicable to. Supply chain transparency and simplicity of asset transfer make it a popular point of focus for industries that rely on provenance, such as the diamond trade. To have an immutable ledger that traces the authenticity of precious materials all the way back to their inception is of obvious benefit and investors will no doubt be pouring money into platforms that confirm attribution and improve logistics.

    Cut out the middle men, Brexit and Trump&8230;

    Systems that cut out the middle men, streamline processes, cut costs and prevent fraud are of natural interest to sectors that count the pennies. With charities, large scale aid and infrastructure projects always see a percentage fall through the cracks. The digitisation of aid will continue as organisations like work on projects (e.g. Donercoin) to increase transparency in global aid.

    Additionally, the creative industries, historically underfunded and plagued by complex revenue streams, will look to the support of big names to promote blockchain as a means for ensuring artists are paid fairly and digital content is accurately measured and attributed to the right parties, taking blockchain into the mainstream.

    2017 is set to be a year of many uncertainties: Article 50 & Brexit, global markets, Trump… but the one thing that you can be sure about is that fintech will play a big part in helping to overcome some of the bigger obstacles that we face, and London will lead the way, as it always has, with innovation and expertise in developing new technology.

    Diamonds, UNICEF and The Music Industry, What Do They Have In Common? fintech

    Blockchain Week kicks off with the Hack-The-Block Blockchain Hackathon at Launch 22. Followed by a two day conference at The Grange Tower Bridge Hotel. The first day will focus on Crypto/Bitcoin/Public Blockchain, while the second day will focus on Blockchain/DLT in hybrid and public ledgers. Get 20% Discount With Code: &8220;FTSW&8220;. Register NOW!

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  • @fintechna 3:35 pm on December 20, 2016 Permalink | Reply
    Tags: 8211, , , , , , , Books, Christmas, , , , , ,   

    12 New Fintech Books To Offer This Christmas 

    is coming and if you are a junky, you might want to ask your friends, boss and relatives for one (or more) of the following fintech .

    These books, which have all been released in the past six months, cover every aspect of fintech from digital payments, mobile to and Big Data.

    For books that were released earlier, you can check article or have a look on our Fintech Book Page.

    12 New Fintech Books To Offer This Christmas fintech

    Blockchain: Blockchain, Smart Contracts, Investing in Ethereum, FinTech

    by Jeff Reed

    12 New Fintech Books To Offer This Christmas fintechBlockchain: Blockchain, Smart Contracts, Investing in Ethereum, FinTech by Jeff Reed combines four of his best-selling books, all covering blockchain technology and fintech. These are:

    Blockchain: The Essential Guide to Understanding the Blockchain Revolution

    Blockchain is far more than technology, and even in its infancy, it is taking the world by storm, from major to the U.S. Department of Defense. This book is a comprehensive guide to blockchain, helping you understand what it is and why it matter.

    Smart Contracts: The Essential Guide to Using Blockchain Smart Contracts for Exchange

    This book explains the fundamentals of Smart Contracts and how they work. The practical uses of Smart Contracts are enumerated in this book and you will also learn how you can make your own Smart Contracts in the Ethereum system. You will also get tips on how you can make your Smart Contacts easy to understand and user-friendly. This book also covers some of the myths surrounding smart contracts and the reasons why they exist.

    Investing in Ethereum: The Essential Guide to Profiting from Cryptocurrencies

    This book explains the reasons to invest in Ethereum and not just because of the potential ROI, but also the benefits of cryptocurrencies in themselves. The overall risks, obstacles, and major changes in Ethereum will also be addressed. There are over 1,000 cryptocurrencies that currently exist, it’s important to choose wisely and understand everything you can if you’re going to be putting real money into the blockchain.

    FinTech: Financial Technology and Modern Finance in the 21st Century

    This book will introduce you to the basics of FinTech and equip you with the knowledge to get on the cutting edge of age we live in today. It covers the impact of fintech on the global economy, the payment ecosystem, fintech solutions in the business-to-business sector, fintech and investing, and much more.

     

    FinTech: The Beginner&8217;s Guide To Financial Technology

    by Jacob William

    12 New Fintech Books To Offer This Christmas fintechThe term “FinTech” is shrouded a mystery, even to more tech-savvy individuals. Since it’s such a new innovation, much about it, as well as where it’s heading is still unknown.

    In FinTech: The Beginner&8217;s Guide To Financial Technology, Jacob William explains what FinTech is, why it matters to everyone, future predictions about it, possible dangers, and its origins and history.

    This book will give you the information you seek in a digestible and easy-to-follow format. No prior knowledge of technical subjects is necessary because understandable examples are given throughout.

    Learning more about something that is so prevalent in our society is undeniably beneficial whether you are a business owner, technology enthusiast, or just a curious layman.

     

    FinTech: The Impact and Influence of Financial Technology on Banking and the Finance Industry

    by Richard Hayen

    12 New Fintech Books To Offer This Christmas fintechWe’re in the middle of the FinTech revolution, and it’s a big one. Everything that we know about the world of finance is changing before us. Innovation is constantly happening. FinTech: The Impact and Influence of Financial Technology on Banking and the Finance Industry is going to help you get up to speed on all of the change that’s happened and the things that are important right now.

    This book is going to teach you about several things, including the fintech sector and its impact on traditional banking, on the global economy, and on the world at large.

    It will teach you about cryptocurrencies such as bitcoin, blockchain technology, -advisors, peer-to-peer lending, crowdfunding, but also about the state of FinTech and where it is heading.

     

    Blockchain: 4 Manuscripts—Blockchain, Fintech, Investing in Ethereum, and Smart Contracts

    by Oscar Flynt

    12 New Fintech Books To Offer This Christmas fintechBlockchain: 4 Manuscripts—Blockchain, Fintech, Investing in Ethereum, and Smart Contracts combines four of Oscar Flynt&;s books covering blockchain technology, fintech, Ethereum and smart contracts:

    Blockchain: The Ultimate Guide to Understanding the Hidden Economy

    Blockchains are changing everything from banking, shopping, peer-to-peer exchange, and our daily lives as a whole. Those who learn blockchain and how to utilize them will have a preemptive jump on their competition. You’ll discover how to use them, their shortcomings, all about smart contracts, and much more.

    FinTech: Understanding Financial Technology and its Radical Disruption of Modern Finance

    This book covers everything from future trading, online banking, conducting business, daily living, and much more. You’ll discover the exciting opportunities that await in the coming years and how you can capitalize on them.

    Investing in Ethereum: The Ultimate Guide to Learning—and Profiting from—Cryptocurrencies

    Ethereum is one of the most profitable and promising platforms to trade cryptocurrency on to date. In this book you’ll learn all about this amazing platform, how to trade on it, how set up smart contracts, and how to program the right software to use it.

    Smart Contracts: How to use Blockchain Smart Contracts for Cryptocurrency Exchange

    Smart contracts are speculated to lower legal disputes, re-structure banking and finance, and change the way people shop and make money forever. This book will teach you how to create them.

     

    Bankruption: How Community Banking Can Survive Fintech

    by John Waupsh

    12 New Fintech Books To Offer This Christmas fintechCommunity banking can flourish in the face of fintech and global competition with a fresh approach to strategy. Bankruption: How Community Banking Can Survive Fintech offers a survival guide for community banks and credit unions searching for relevance amidst immense global competition and fintech startups.

    Author John Waupsh is the Chief Innovation Officer at Kasasa, where he helps spearhead financial product development and implementation across hundreds of institutions.

    In this guide, he draws on more than a decade in the industry to clear, practical advice for competing with the megabanks, direct banks, non-banks, and financial technology companies.

     

    Fintech: Financial Technology Beginner Guide CherryTree Style

    by Mark Jobs

    12 New Fintech Books To Offer This Christmas fintechFinTech, or financial technology, a financial technology service industry, is defined as &;innovation in financial services&; by National Digital Research Centre. With $ 138 billion market opportunity in the United States, FinTech has become a hot topic for entrepreneurs, visionaries and investors. However, with it&8217;s rapid growth, little in-depth information can be found regarding to FinTech, especially the relationship between FinTech and wealth management.

    Fintech: Financial Technology Beginner Guide CherryTree Style aims at demystifying fintech, providing a comprehensive overview of the industry, the impact of fintech in different sectors, the leading fintech players, among other things.

     

    Blockchain: Blueprint to Dissecting The Hidden Economy!- Smart Contracts, Bitcoin and Financial Technology

    by Tony Scott

    12 New Fintech Books To Offer This Christmas fintechBlockchain: Blueprint to Dissecting The Hidden Economy!- Smart Contracts, Bitcoin and Financial Technology provides informative and easy tips that will let you know everything you need to know about the hidden economy and how to capitalize on this amazing technology.

    The book covers blockchain technology, smart contracts, fintech, among many other topics.

    It breaks training down into easy-to-understand modules and starts from the very beginning of blockchain, so you can get great results &; even as a beginner.

     

    Digital Banking Tips: Practical Ideas for Disruptors! 2nd Edition

    by Tolga Tavlas

    12 New Fintech Books To Offer This Christmas fintechDeveloping a digital banking presence is a daunting task, especially when you consider the financial resources and education needed to achieve telephone, online, mobile, and other digital banking capabilities.

    Digital Banking Tips: Practical Ideas for Disruptors! 2nd Edition is a quick and easy read that provides you with tips that are simple to implement, and which will help you through the process.

    Even if your company has been offering digital banking services, this book can help you build out that part of your business further by assisting with areas such as identifying users&8217; needs, increase usage, improve systems, multi-channel business needs, among other topics.

     

    Blockchain: The Comprehensive Guide to Mastering the Hidden Economy

    by Timothy Short

    12 New Fintech Books To Offer This Christmas fintechBlockchain: The Comprehensive Guide to Mastering the Hidden Economy provides you everything you need to know about blockchain technology including how it was created and where it is likely to be headed in the near future.

    You will also learn how to tell if a blockchain distributed database can replace your current database as well as how to create one and common mistakes to avoid while doing so.

    In this book, you will find:

    • Arguments against blockchain and how and why they are misguided
    • The best ways to put blockchain to use for you
    • The many impressive uses for smart contracts and even how to make your own
    • And much more…

     

    Frontiers of Financial Technology: Expeditions in future commerce, from blockchain and digital banking to prediction markets and beyond

    by David Shrier (Author), Alex Pentland (Editor)

    12 New Fintech Books To Offer This Christmas fintechFinancial technology innovation has exploded in the popular consciousness, and promises a radical transformation of the global financial services industry. Over US$ 20 billion is expected to be invested in fintech projects in 2016.

    MIT Professor Alex Pentland is joined by fintech intrapreneur and educator David Shrier in curating an exploration of several major trends and technologies that are changing the face of financial services.

    Co-authors include Deven Sharma, the former President of S&P, and Alex Lipton, the former head of quantitative analytics for Bank of America Merrill Lynch.

    From blockchain to artificial intelligence, this series of articles helps the reader grapple with this exciting area of technology innovation.

     

    Blockchain: Quick Start Guide to Understanding Blockchain, the Biggest Revolution in Financial Technology and Beyond Since the Internet

    by Seth Ramsey

    12 New Fintech Books To Offer This Christmas fintechBlockchain is a revolutionary technology that was created for bitcoin, but has since found a wide variety of other applications from ecommerce and retail, to securing health care records, to maintaining all kinds of important databases.

    Chances are your life has already been impacted by a blockchain database. The influence of blockchain continue to grow exponentially in the coming years, leading some people to call it the greatest technological revolution since the internet.

    Blockchain: Quick Start Guide to Understanding Blockchain, the Biggest Revolution in Financial Technology and Beyond Since the Internet provides a quick start to understanding how blockchain technology works. The book explores the opportunities and challenges related to distributed ledgers and what&8217;s to expect in the future for the technology.

     

    Fintech: Financial Technology &8211; 2 Manuscripts &8211; Bitcoin & Blockchain

    by Luke Sutto

    12 New Fintech Books To Offer This Christmas fintechFintech: Financial Technology &8211; 2 Manuscripts &8211; Bitcoin & Blockchain combines two books:

    Bitcoin Trading &8211; A Complete Beginner&8217;s Guide

    Bіtсоіn Trаdіng: A Beginner’s Guіdе to a Strategic Trading & Invеѕtіng offers іnѕіghtѕ into this vital subject mаttеr rеlаtіng to financial іndереndеnсе. Thіѕ book рrеѕеntѕ an exploration into thе іntrісаtе but profitable wоrld оf Bіtсоіn trаdіng thrоugh аn еxрlісіt аnаlуѕіѕ оf the nіttу-grіttу as wеll аѕ expounding on its mоduѕ operandi ѕо as tо bеttеr еduсаtе trаdеrѕ аnd investors аlіkе оn thе bеѕt роѕѕіblе wауѕ tо mіnіmіzе thеіr rіѕkѕ whіlе аt the same tіmе, rеwаrdѕ аrе bеіng mаxіmіzеd.

    Blockchain &8211; A Complete Beginner&8217;s Guide

    Bitcoins as a game changer have virtually set people&8217;s imagination into flight. Bitcoins are based on the blockchain technology. Increased exploration of the further uses of blockchain technologies have showed that there is immense promise in blockchain technologies.

    The post 12 New Fintech Books To Offer This Christmas appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 pm on December 15, 2016 Permalink | Reply
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    The Fintech Trends for 2017: SME Banking and More 

    • In demand are services for the, until now, neglected medium-size companies
    • The exchange between established and startups will increase
    • It will become difficult for “lean startups” to assert themselves against the competition

    With the end of the year approaching, the amount of predictions for is steadily increasing. How will the industry develop and what will be the next big thing? Although A.I. (Artificial Intelligence), , RegTech are buzzwords everyone is talking about, one can foresee the next more realistically by looking at the current developments. Exactly they will determine the course for the next year. Three areas are of special interest

    More SME : Many Fintechs focused in 2016 solely on two customer groups: either the biggest banks or the private end customers. Many SMEs, however, had respectable profits. The issue is that digital financial products from payment providers and company credits to goods financing are missing.

    These companies are too big for peer-to-peer lending and a traditional banking credit is costly and lengthy. More and more Fintechs are detecting the needs of SMEs (Small and Medium Enterprises) and are beginning to offer them solutions. The startup Valendo f.e., originally intended as digital pawn shop, is now offering an additional service of merchandise financing for online-retailers &; an intelligent step for both the merchants and the company. Another example is the Fintech iwoca from the UK that offers tailormade loans for SME businesses (in the UK 20% of all SME loans are mediated by online-suppliers). In 2017, we will see a significant expansion of these services for SMEs through innovative Fintechs.

    More B2B-solutions:  In 2016, Fintechs grew up. In 2015, it was still difficult for Fintechs to find any open door within a bank. Today, more and more financial institutions are cooperating with Fintech companies that are faster and more efficient than the company-owned IT-departments. There is hardly any bank that has no digital lab to emulate fintechs. The consequence: The Fintech companies are continually improving their business models to meet the higher requirements. One example is the Berlin-based Fintech company FinReach: With its fully-digital account switching kit, it has already more than 100 German bank customers and is now starting its internationalization.

    The big number of partner banks is a clear vote of confidence. This kind of trust is necessary if one wants to be successful in the B2B-industry. Not only that, but the industry requires professional employees. Ex-bankers with longstanding experience in the financial industry, including former board members, are now working for established Fintechs. The cool students may be the ones that invent a new pocketmoney app, but successful Fintechs have grown up. This growth will continue with even more strength in 2017, especially through the demands of complex B2B models.

    More complex business models:  Not only employees have become more professional, but also the setting of Fintechs itself. While the first ones started as hyped business models without a real business case, dependent on user’s goodwill, nowadays no Fintech starts without having applied for the necessary licenses from authorities and conducting extensive tests before launching. Instead of a “lean startup”, it is now from zero to a hundred. solarisBank, a tech platform with a full banking license, got its banking license before launching &8211; in the record time of only 9 months from the German Bafin.

    Elinvar on the other hand has a B2B2C approach and offers private asset managers all the necessary modules to manage their portfolio digitally. With the help of an algorithm that can be fed with individual data, the asset manager is able to take care of a customer’s portfolio faster and in a more efficient way. B2B2C is not easy, because it requires on one hand the supplier&;s trust and on the other hand must be well received by consumers. Moreover, it requires a thorough preparation of the product. 2017 will surprise us with more complex and high-quality Fintech models.

    At least one thing was demonstrated in 2016: Fintech was and is not only a hype, but a development that needs to be taken seriously and drives the digitization and transformation of the entire financial industry. With new customer groups and new business models, 2017 has the chance to make Fintech accessible to even more professional fields. The course is set, now it is all dependent on the right drivers.

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  • @fintechna 3:35 pm on December 13, 2016 Permalink | Reply
    Tags: 8211, , , , , , , , , , , ,   

    Deutsche Bank Names Two New Tech Leaders In Fintech Push 

    AG has hired two new as the German bank seeks to boost development.

    Deutsche Bank Names Two New Tech Leaders In Fintech Push fintech

    via Linkedin

    Deutsche Bank Names Two New Tech Leaders In Fintech Push fintechElly Hardwick, the former chief executive of Credit Benchmark, has joined Deutsche Bank&;s London office as the new head of innovation, which includes oversight of all Deutsche Bank Labs.

    The bank announced plans to open three Deutsche Bank Labs last year in Berlin, Silicon Valley and London. The labs are aimed at helping the organization apply new technologies to enhance its products, services and processes. It will help it innovate and deepening its relationships with startups.

    Hardwick will also work with fintech startups and the firm&8217;s business units to drive new technology adoption, the bank said in a statement last week.

    Philip Milne, who previously was the CEO and founder of a Silicon Valley virtual reality startup, joined Deutsche Bank&8217;s Palo Alto office in November as chief technology officer for innovation. Milne has been acting as &;an interface between the Deutsche Bank Labs and the bank&8217;s wider technology organization.&;

    Both Hardwick and Milne will report to JP Rangaswami, the chief data offer and head of strategy and innovation for the bank&8217;s chief operating office.

    Deutsche Bank has been facing a number of headwinds and its increased focus on fintech is intended to help it shore up its capital position and stabilize its share price, according to the Wall Street Journal. The firm said earlier this month that it plans to cut roughly 3,400 trading clients a part of a broader restructuring designed to cut costs and restore long-term stability.

    Deutsche Bank Lab

    The Deutsche Bank Labs are part of the bank&8217;s Strategy 2020 under which it plans to spend up to EUR 1 billion on digital initiatives over a period of five years.

    Deutsche Bank Names Two New Tech Leaders In Fintech Push fintech

    Deutsche Bank Digital Factory in Frankfurt, Germany, via DB.com

    Alongside the labs, Deutsche Bank has also opened a Digital Factory in Frankfurt where it focuses on developing digital banking products. Around 400 software developers, IT specialists and financial experts from 14 nations were working together in the space as of September 2016. The bank plans to increase headcount to 800 by 2018.

    In October, Deutsche Bank partnered with Misys for a five-year enterprise license agreement to deploy Misys FusionBanking Lending and Misys FusionCapital solutions across the business.

    Misys’ FusionBanking Lending offering includes the Loan IQ back office platform for syndicated lending and the front-end that originates from Custom Credit Systems, a US-based provider of commercial loan software which Misys acquired in 2014.

    The FusionCapital solutions include a number of treasury and capital markets systems acquired by Misys over the years: Opics, Summit, Kondor and Sophis’ Risque.

    Deutsche Bank Partners with Plug and Play Berlin

    In September, Deutsche Bank teamed up with startup accelerator Axel Springer Plug and Play in Berlin to back banking and insurtech startups with cash and other support.

    Upon completion of the program, which runs during 100 days, Deutsche Bank could decide to invest and partner with the companies. Investment would range between EUR 100,000 and EUR 500,000. The bank seeks to back and partner with roughly six companies by the end of 2017, according to the Financial News.

    Matthaeus Sielecki, head of working capital advisory, financial technology, at Deutsche Bank, said in a recent interview that and fintech startups must learn to co-operate to align strengths while addressing shortcomings.

    &8220;In a highly regulated market such as financial services, neither type of organization can innovate and scale on its own,&8221; Sielecki said. &8220;Together, they can find the best ways of serving business customers in the digital age &; by combining cutting-edge creativity with proven processes and infrastructure.&8221;

    The statements echoed an extensive report released earlier this year in which Deutsche Bank calls for more collaboration between financial institutions and the startup community to leverage their respective strengths.

     

    Featured image: Deutsche Bank Twin Towers, Frankfurt, Germany, via Wikimedia.

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  • @fintechna 4:54 am on December 12, 2016 Permalink | Reply
    Tags: , 8211, , , , , , , , macro, Predictions, , ,   

    2017 Fintech Predictions – the year of macro risks 

    It is this time of again where most of us willingly and willfully make fools out of ourselves trying to predict the future of our industry. The momentous electoral events we have witnessed and those coming up in remind me that, even more so for the next 12 months, will rule and influence the state of financial services and . I will limit myself to comments pertaining to the US and Europe.

    2017 Fintech Predictions - the year of macro risks fintech

    I have already attempted to decipher a Trump presidency in a previous post, see here. Suffice it to say there will be winners and losers in the five sectors of the industry &; lending, capital markets, asset management, payments and insurance. Regtech may be impacted the most if the US experiences a wave of deregulation. Although I still ascribe to a secular and long term trend towards regulatory harmonization, we may see deviations at the margin, especially within sectors that are more domestic than international by the nature of their activity. I would not be surprised if US domestic lending regulation, compliance and enforcement be loosened while European consumer protection remain tight for example. Another area where one may see changes at the margin would be domestic payments. Still, when it comes to such sectors as capital markets, cross border payments, interbanking activities I do not expect much deviation from one jurisdiction to another and certainly no loosening up when it comes to clamping down on illegal activities, fraud. Hence cybersecurity, AML/KYC and reg/compliance thereof should be interested ecosystems with plenty of investment and operational activity. On another regulatory note ,2016 was the year of the FCA with it&;s sandbox. The FCA&8217;s initiative was so popular we ended with more than 8 regulators launching their copycat initiatives. I will make three in the sandbox space for 2017. First, regulatory sandboxes will be renamed &8211; sandbox is just a poor name everybody dislikes. Second, the US and the EU will see their own &;sandbox&; initiatives launched (where in the EU is a mystery) as hybrid collaborative efforts between regulators, technologists and incumbents. Third, there will be more collaboration at the &8220;sandbox&8221; level between regulators. Be that as it may I also expect the FCA to go from strength to strength given its clear leadership and first mover advantage (same for MAS, the Singapore regulator).

    I continue to worry about alt-lending or marketplace lending as rising interest rates will benefit first and while there is some room to increase the cost of lending, in a competitive market with regulatory oversight there is a limit to how high the cost of borrowing can go. On the other hand banks cost of capital will not rise as fast as those of alt-lenders. Therefore the next 12 months will prove delicate for this industry. I expect banks flexing their muscles and acquiring some platforms as well as mergers between alt lenders while the weakest competitors close shop. Whether this pattern will evolve in sync across the US and Europe I do not know. It depends on how US, UK and EU yield curves will behave. I certainly expect this pattern to occur in the US. On the other hand, infrastructure spending, if it is on a massive scale in the US, will have a positive impact on lending and fintech lending actors will benefit. One might even see fintech startups funded on the basis of infrastructure services for example.

    In the retail asset management sector we have witnessed a wave of consolidation in the US, notably with roboadvisors. Most incumbents have placed their bets and the few remaining independent startups have survived, so far. We have yet to see consolidation in Europe. Arguably, there are fewer roboadvisors in Europe than in the US and most are younger so we might not see full consolidation yet. I would not be surprised if a European incumbent or two makes an acquisition though. I remain interested in roboadvisor models, especially those that will make effective use of ETFs, micro investing or micro saving and build a social layer that enables high engagement. I think there is still space for these types of models. Additionally, there is still much to be done to modernize incumbents and to date few fintech startups with a b2b model have emerged in asset management. Some are due to pop up.

    In the payments sector I will go out on a limb and call for the rise of micro payments platforms in 2017, most probably powered by a distributed ledger . Most startups addressing micro payments have failed so far but it is only a matter of time before a startup or an incumbent hits the right note. Given the rise of m2m, p2m transactions with IoT and the continued growth of p2p as well as the explosive growth of other types of activities (esports, different models of media consumption from a la carte to subscription) it is only a matter of time before micro payments make it big. My bet is on both platform plays that provide backbone and infrastructure and front end models. Other than micro payments, I continue to be interested in b2b payments and services to SMEs. We have barely scratched the surface and financial services to SMEs are still antiquated. The prospects of a global trade war will not play well with trade finance and supply chain finance activity though.

    As for the ecosystem, 2016 was a fascinating year. We now have a pretty good picture of the landscape with up to 10 companies being the potential winners. Most of these winning companies have opted to open sourcing their code, collaborating with standards setting bodies, or working as a consortium with many incumbents. Other than a few financing rounds for some of these leaders, I do not expect much investment activity. Indeed I expect many casualties, acquihires or outright failures for the other weaker competitors. 2017 will be a year of consolidation in the DLT space while the winners go about their deployment business quietly. I expect further standardization efforts to bear their fruit &8211; &8220;yesterday and today&8221; in the capital markets arena, &8220;tomorrow&8221; in the insurance space. Finally I expect the start of the patent wars in the space. Most serious contenders have filed patents &8211; incumbents and startups alike &8211; and it is only a matter of time before some try to enforce these patents. Sooner rather than later is my bet.

    In the insurance industry, I expect more of the same, both in terms of level of activity and types of insurtech startups. I also expect emphasis on cyber risk coverage and on climate change given both are top of mind and material risks going forward. Cyber risk coverage is particularly interesting to me, given the rise of IoT and the security risks associated with both hardware and software in the space.

    On a more general level, I expect five themes to pick up steam in 2017. First, all the business models we have seen created and funded in fintech over the past 8 years will be revisited with an AI component &8211; be it machine learning, deep learning or other. This is bound to happen as AI is sweeping the business world. If mobile is eating the world, AI is the chef that is orchestrating the menu. Whether in lending, asset management or any other sector, I expect to see much activity in this domain and this includes new fintech startups getting funding, especially in b2b. An inevitable trend towards the cognitive financial services firm. Second, the convergence of software robotics, AI and automation will be applied at scale in what is called robotics process automation for banks and insurance companies alike. This is a pure b2b play for sure and I expect this sector to be a fertile ground investment wise. Third, platforms and ecosystems will continue to take shape as various banks further build their API strategies, their marketplace strategies, or even their bank as a service strategies. Whereas 2016 was the year industry thought leaders spoke about platforms, 2017 will be the creative phase for these types of business models. Some startups are already picking up funding. Expect more over the coming 12 months. One should note that platform business models require standards and interoperability. As such, I expect the beginning of standardization and open source in the field of bank as a platform or bank as a service, in a similar vein to the movement we have seen in the DLT/blockchain space. Fourth, the messaging platforms wars will be in full swing as Facebook, Apple, Google, Microsoft vie for dominance and expand their respective ecosystems. I expect more financial services incumbents to jump on the bandwagon and more startups to build their own apps. The lure of reaching millions of users &8211; customers and potential customers &8211; is strong. To me AI powered chatbots fall in this fourth category as few will be successful on their own and most will want to align with at least one messaging platform. In as much as PFM startups were not particularly successful and neither were account aggregation models, the messaging platform wars with their myriads of skills or applets or bots (voice or text or voice+text) present both an opportunity and a threat to the financial services industry. The threat is well known and lies with being further disintermediated and removed from the end customer. The opportunity is less obvious. Indeed, most fintech startups focused on retail use cases have failed to make any significant traction because either the service did not generate excitement and engagement (simple aggregation of data or accounts), or was too obtuse (too complex) or was too superficial (giving you options to consider) whereas what works usually hits on at least one of three dimensions: enhance an experience, accelerate a process, simplify a process. You can bet that the bots within the messaging platforms that will win the day will enhance, accelerate and simplify. It is up to fintech startups and incumbents to emulate best of breed as they will coexist within the same ecosystems. Else, fintech AI chatbots will  fail to impress much like PFM models did before. I should add that the messaging platform wars will be a wedge for GAFA to further encroach in the payments sector. Fifth, 2017 will be the year of digital identities. By that I mean most of the investment activity will be focused on identity business models. Some may consider this field not part of fintech. They will be wrong. there is no identity without trust and vice versa. Further identity and trust impact and influence payment methods and enable or disable currencies. I view digital identities as the corner stone of the future of financial services industry. I expect the investment pace to pick up in the identity space.

    A few random thoughts in closing. Should a Trump presidency usher an era of instability and trade wars, we will undoubtedly encounter currency wars. Should the EU further weaken in 2017, currency turbulences will be exacerbated. Should the renminbi further weaken, capital flows leaving China will accelerate. Thusly, it is not inconceivable that cryptocurrencies will benefit, notably , along with its ecosystem. In this macro case figure, and assuming legal and regulatory house sorted out with the SEC, I expect much activity with Initial Coin Offerings in 2017 (ICO).

    Finally, I expect subdued venture investment activity in Europe and the US in aggregate, especially in the first year of a new US administration which is still an unknown for many.

    FiniCulture

     
  • @fintechna 3:35 am on December 11, 2016 Permalink | Reply
    Tags: 8211, , , , , ,   

    Fintech Startup Of The Month: P2P Lending Platform CreditGate24 

    is an online peer-to-peer that connects borrowers with investors. Borrowers benefit from a quick and easy credit application, greater flexibility, lower interest rate, and a simpler and more straightforward credit check process than with traditional financial institutions.

    Fintech Startup Of The Month: P2P Lending Platform CreditGate24 fintech

    It took the company over a year to develop the platform which launched in March 2015. CreditGate24 Schweiz AG, based in Ruschlikon/Zurich, specializes in the personal loans and the SME financing segments. The company runs a highly automated platform connecting borrowers with private and institutional investors, offering an efficient and scalable settlement of loans. CreditGate24 operates strictly online, which allows the company to minimize the costs for users.

    CreditGate24 seeks to distinguish itself by consistent ratings and interest rates, a strict credit check based on classic credit assessment methods, Big Data analysis, the insurance and the solidarity agreement. Furthermore, the anonymity of borrowers and lenders are guaranteed.

    It utilizes risk-pooling by way for a solidarity agreement, which allows each individual investor to be minimally affected by a loan default and get the expected return to be secured. Furthermore, in the case of death, the residual debt balance (up to CHF 100,000) is insured by Generali for all rating categories.

    In an email statement CreditGate24 claimed that they financed 100 credit-project in the first year and in total 310 until end of November (within 20 months) with zero loss.

    Most anyone can invest money over the platform (investors with certain countries of residence are excluded for juridical reasons, e.g. USA). However, they have a strong focus on investors domiciled in Switzerland and Liechtenstein. Investors need to be at least 18 years old and have a valid Swiss bank account. CreditGate24 operates under the Swiss Money Laundering Law. A minimum investment of CHF 500 per loan project is required.

    The company earns money by charging borrowers an annual fee of 0.6% – 0.8% per annum of the loan amount which is deducted from the pay out amount. Investors pay a fee of 1% on every monthly installment paid back by the borrower.

    CreditGate24 is an official partner of Hypothekarbank Lenzburg, providing the bank with its platform for clients who wish to apply for personal loans. The partnership was established “in the best interest of customers,” who can directly benefit from low interest rates and flexible solutions. This partnership is the first official partnership with a bank in Switzerland

    “The credit underwriting process of CreditGate24 meets current industry standard in the lending business,” said Marianne Wildi, CEO of Hypothekarbank Lenzburg. “We therefore recommend CreditGate24 to our customers – both for borrowers and for lenders.”

    Fintech Startup Of The Month: P2P Lending Platform CreditGate24 fintech

    CreditGate24 is regulated by the Financial Services Standards Association (VQF), and is a member of the ZEK (Verein zur Führung einer Zentralstelle für Kreditinformationen) and the IKO (Verein zur Führung einer Informationsstelle für Konsumkredit).

    CreditGate24 is one of the peer-to-peer lending platforms that emerged in Switzerland in recent years alongside Cashare, creditworld, Lend, splendit and swisspeers.

    In 2015, CHF 27.3 million was raised for 1,342 campaigns in Switzerland, according to the Institute of Financial Services Zug IFZ.

    Peer-to-peer lending saw the highest growth from 2014 to 2015, reaching CHF 7.9 million &; a +127% rise.

    According to the annual Crowdfunding Monitoring Switzerland report, 2016 is expected to see at least a doubling of sums raised in the Swiss crowdfunding market, driven, in particular, by lending to SMEs and real estate crowdfunding.

    Real estate crowdfunding platforms that are based in Switzerland include Stoneclub and Crowdhouse.ch.

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  • @fintechna 3:35 pm on December 7, 2016 Permalink | Reply
    Tags: 8211, , , , , , , , , , , ,   

    European Commission Gives Boost To Startups In Europe 

    The &;s Start-up and Scale-up Initiative aims to give &8217;s many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment,insolvency law and taxation

    There is no lack of innovative ideas and entrepreneurial spirit in Europe. But many new firms don&8217;t make it beyond the critical first few years, or they try their luck in a third country instead of tapping intothe EU&8217;s potential 500 million customer base. The European Commission is determined to change that and help start-ups deliver their full innovation and job creation potential.

    European Commission Gives Boost To Startups In Europe fintech

    Via Pixabay

    Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: &;Today&8217;s local start-ups could become tomorrow&8217;s global success stories. We want to help start-ups stay and grow in Europe. By helping them navigate the – often perceived – regulatory barriers to fully benefiting from the Single Market. By making it easier for them to have a second chance, without being stigmatised if their idea doesn&8217;t succeed the first time around. And by improving access to funding by boosting private venture capital investment.&;

    Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, said: “Today start-ups do not fully take advantage of the opportunities of the Single Market. Starting and scaling up a company across Europe has to become simpler. Europe needs to become the first choice place for great business ideas to grow into successful companies. This is about new jobs, innovation and competitiveness for Europe.&8221;

    The Initiative brings together a range of existing and new actions to create a more coherent framework to allow start-ups to grow and do business across Europe, in particular:

     

    European Commission Gives Boost To Startups In Europe fintechImproved access to finance: The Commission and the European Investment Bank Group are launching a Pan-European Venture Capital Fund of Funds. The EU will provide cornerstone investments of up to a maximum budget of €400 million and the fund manager(s) must raise at least three times as much from private sources, triggering a minimum of €1.6bn in venture capital funding. It will be managed by one or more professional and experienced fund managers ensuring a real market approach. This complements existing EU funding instruments such as the European Fund for Strategic Investments (EFSI), Europe&8217;s programme for small and medium-sized enterprises COSME and the EU&8217;s research and innovation funding programme Horizon 2020.

     

    European Commission Gives Boost To Startups In Europe fintech

     

    Second chance for entrepreneurs: The Commission has tabled a legislative proposal on insolvency law. It will allow companies in financial difficulties to restructure early on so as to prevent bankruptcy and avoid laying off staff. It will also make it easier for honest entrepreneurs to benefit from a second chance without being penalised for not succeeding in previous business ventures, as they will be fully discharged of their debt after a maximum period of 3 years.

    Simpler tax filings: The Commission is also working on a range of taxation simplifications including the recent proposal for a Common Consolidated Corporate Tax Base (CCCTB), which proposes to support small and innovative companies that want to expand their business across borders. Other initiatives include plans for a simplification of the EU VAT system and broadening the forthcoming guidance on best practice in Member States tax regimes for venture capital.

    The Initiative also puts emphasis on helping navigate regulatory requirements, improving innovation support through reforms to Horizon 2020, and fostering ecosystems where start-ups can connect with potential partners such as investors, business partners, universities and research centres. Changes to Horizon 2020 will pave the way towards a European Innovation Council and include using €1.6bn over 2018-2020 to provide bottom-up support for breakthrough innovation projects by start-ups with potential to grow. The Startup Europe network will be reinforced to connect clusters and ecosystems across Europe.

    In 2017, the European Commission will put forward proposals for a Single Digital Gateway that provides easy online access to Single Market information, procedures, assistance and advice for citizens and businesses. The Enterprise Europe Network (EEN) provide specific advisory services &; through scale-up advisors &8211; for including on funding opportunities, partnering and how to access cross-border public procurement. The Commission will adopt a set of measures to support the use of Intellectual Property Rights by SMEs and take action to support access by start-ups to the €2 trillion European public procurement market.

    Background:

    Over recent years, the European Commission has proposed a number of policies, such as the Capital Markets Union, the Single Market Strategy, and the Digital Single Market to benefit start-ups in Europe. Together with Member States&8217; actions, this has led to the creation of a number of market leaders, such as Spotify, Klarna, Adyen, , Jobandtalent, N26, Algolia, Intercom, Cabify or Deliveroo.

    The Initiative addresses three main obstacles to starting up and scaling up in Europe identified in a recent public consultation:

    &8211; Access to finance is the biggest problem for entrepreneurs whether starting up or scaling up;

    &8211; Complying with regulatory and administrative requirements diverts too much energy from growing the business &8211; particularly cross border;

    &8211; Connecting to right business partners, markets and skilled workers, despite the availability of 500 million people European Single Market is still too difficult.

    Featured Image: via Pixabay

    Original Press-Release here

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  • @fintechna 3:35 pm on December 6, 2016 Permalink | Reply
    Tags: 8211, , , , , spannt,   

    SIX Payment Services spannt mit Alipay zusammen 

    Der paneuropäische Zahlungsdienstleisterin SIX und Chinas Vorreiter für mobiles Zahlen – Alipay &; reagieren auf einen Trend im Einzelhandel und erschliessen für Händler das Potenzial von Millionen von Neukunden. Nutzer der beliebten chinesischen Bezahl- App werden demnächst ihre Zahlungen in ganz Europa an den Zahlterminals von SIX abwickeln können.

    SIX Payment Services und Alipay, die von der Ant Financial Services Group betriebene Zahlungs- und Lifestyle-Plattform, gaben heute ihre enge Zusammenarbeit im Bereich von POS- und E-Commerce- Zahlungen in Europa bekannt. Die Vereinbarung sieht vor, dass der Zahlungsdienst von Alipay in die Zahlungsapplikationen von SIX integriert wird, sodass die Händler von SIX Zahlungen der Alipay-Nutzer über Alipay akzeptieren können.

    Enormes Potenzial für Händler in Europa

    Die Händler profitieren seit einigen Jahren vom Zustrom der chinesischen Touristen, welche allein 2015 292 Mrd. US-Dollar ausgegeben haben. Der Höhepunkt dieses Trends ist noch nicht absehbar. Millionen von chinesischen Touristen dürften in den nächsten Jahren Europa besuchen. Die spezifischen Zahlungsanforderungen chinesischer Kunden berücksichtigen zu können, kann sich als Alleinstellungsmerkmal für Händler im Einzelhandel und Hospitality-Bereich erweisen.

    SIX Payment Services spannt mit Alipay zusammen fintech

    Alipay. Via Facebook

    Alipay ist der führende Zahlungsdienst in China, dem über 450 Millionen Nutzer angeschlossen sind und der bei mobilen Zahlungen über einen Marktanteil von 80% verfügt. Alipay-Kunden sind gewöhnlich technologieaffin und bevorzugen ihr Mobiltelefon für die rasche und einfache Abwicklung von Zahlungen.

    SIX Payment Services spannt mit Alipay zusammen fintechSIX und Alipay beabsichtigen zudem, den Händlern Mehrwertdienste zu bieten und den Fokus auf die Unterstützung des Marketings und die Kundenaktivierung im Zielsegment zu legen. Alipay hat ihre Global Lifestyle Plattform bereits in der Alipay-App integriert, um Einzelhändler und Kunden zusammenzubringen.

    Rita Liu, Head of Alipay Europe, sagt: «Dank der Zusammenarbeit mit SIX erhält Alipay Zugang zu einem breiten Händlernetz in Europa: Die Alipay-Nutzer werden voraussichtlich bei über 110 000 zusätzlichen Händlern in der Schweiz und anderswo bezahlen können. Als unsere bevorzugte Partnerin unterstützt uns SIX dabei, Alipay zu einem wirklich global akzeptierten Zahlungsdienst weiterzuentwickeln.»

    SIX Payment Services verfügt über 220 000 Händler als Kunden und ist in der Schweiz, Luxemburg, Österreich, Deutschland und vielen weiteren europäischen Ländern vertreten.

    Jürg Weber, Division CEO SIX Payment Services, dazu: «SIX will die beste Partnerin für Händler sein. Mit der Aufnahme von Alipay in unser Portfolio kommen wir diesem Ziel einen Schritt näher. Unsere Strategie zielt darauf ab, alle Arten von Zahlungen zu verarbeiten, und Alipay als schnell wachsende Zahlungsplattform gehört unbedingt in unser Portfolio. Chinesische Touristen wollen mit ihrer etablierten Bezahllösung auch bei Händlern in Europa zahlen können. SIX freut sich, diese Zahlungsart demnächst anzubieten.»

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  • @fintechna 3:35 am on December 6, 2016 Permalink | Reply
    Tags: 8211, Deut­schen, Fin­TechMarkt, , , Stu­die   

    Stu­die zum Deut­schen Fin­Tech-Markt 

    Im Rahmen dieser Studie im Auftrag des Bundesministeriums der Finanzen wurden erstmals Daten zu den Marktvolumina deutscher -Unternehmen für den Zeitraum von 2007 bis 2015 erhoben und eine Prognose für die zukünftige Marktentwicklung erstellt. Die Marktentwicklung wurde für acht FinTech-Teilsegmente für die Jahre 2020, 2025 und 2035 prognostiziert. Die wichtigsten Ergebnisse der Studie sind:

    &; Insgesamt wurden 433 FinTech-Unternehmen mit einer Geschäftstätigkeit in Deutschland identifiziert. Davon wiesen 346 eine aktive Geschäftstätigkeit auf. Die verbleibenden 87 Unternehmen waren entweder vor 2016 noch nicht aktiv oder hatten ihre Geschäftstätigkeit bereits eingestellt.

    Stu­die zum Deut­schen Fin­Tech-Markt fintech

    &8211; Eine allgemeingültige Definition des Begriffs FinTech ist nicht möglich. Aus diesem Grund wurden verschiedene Marktsegmente definiert. Die Studie fokussiert sich auf die Segmente Finanzierung und Vermögensmanagement. Zu diesen FinTechUnternehmen zählen unter anderem Internetportale für Crowdlending und Crowdinvesting aber auch Social Trading und Advice.

    &8211; Im Jahr 2015 betrug das Gesamtmarktvolumen der in Deutschland tätigen FinTechUnternehmen in den Segmenten Finanzierung und Vermögensmanagement 2,2 Mrd. EUR. Dabei wurden Finanzierungen im Wert von 270 Mio. EUR über CrowdfundingPlattformen vermittelt und Vermögen von über 360 Mio. durch Social-TradingPlattformen und Robo-Advice-Anbieter verwaltet

    &8211; FinTechs im Segment Zahlungsverkehr konnten zudem ein Transaktionsvolumen von 17 Mrd. EUR verzeichnen.

    Stu­die zum Deut­schen Fin­Tech-Markt fintech

    &8211; Rund 1,2 Mio. Deutsche nutzten 2015 unabhängige Personal-Financial-ManagementSysteme zur Verwaltung ihrer persönlichen Finanzen

    &8211; In fast allen FinTech-Segmenten wurden in den vergangenen Jahren sehr hohe Wachstumsraten beobachtet. Mit mehr als einer Verzehnfachung des Marktvolumens verzeichnete das Teilsegment Robo Advice die größte durchschnittliche jährliche Wachstumsrate. Aber auch Social Trading und Crowdinvesting wuchsen mit durchschnittlichen jährlichen Wachstumsraten im dreistelligen Bereich.

    &8211; Das Volumen der potenziell adressierbaren Märkte der FinTech-Segmente Finanzierung und Vermögensmanagement wird in Deutschland für das Jahr 2015 auf knapp 1,7 Bio. EUR geschätzt. Diese Zahl setzt sich aus einem Marktvolumen von rund 380 Mrd. EUR im Segment Finanzierung und etwa 1,3 Bio. EUR im Segment Vermögensmanagement zusammen. Die Studie geht im Basisszenario von einem Anstieg des FinTech-Gesamtmarktvolumens auf 58 Mrd. EUR im Jahr 2020 und auf rund 97 Mrd. EUR im Jahr 2025 aus. Im Jahr 2035 könnte der Markt im Basisszenario sogar ein Volumen von bis zu 148 Mrd. EUR erreichen.

    Stu­die zum Deut­schen Fin­Tech-Markt fintech

    &8211; Insgesamt 87 % der befragten Banken kooperieren derzeit mit einem FinTechUnternehmen und streben auch zukünftig eine Beteiligung oder Kooperation mit FinTech-Unternehmen an.

    &8211; Aktuell gehen keine systemischen Risiken von den FinTech-Unternehmen in Deutschland aus. Sollte das dynamische Wachstum der FinTech-Branche weiter anhalten und das sehr große Wachstumspotenzial ausgeschöpft werden, könnten sich jedoch systemische Risiken entwickeln

    &8211; Innerhalb Europas liegt der deutsche FinTech-Markt nach Großbritannien auf dem zweiten Platz. Auch im globalen Vergleich hat Deutschland in den letzten Jahren zunehmend aufgeholt.

    Stu­die zum Deut­schen Fin­Tech-Markt fintech

    Die deutsche FinTech-Branche befindet sich in einem sehr schnelllebigen und dynamischen Umfeld mit einer Vielzahl unterschiedlicher Geschäftsmodelle. Wie in allen Branchen mit einem hohen Start-up-Anteil ist davon auszugehen, dass sich nicht alle jungen Unternehmen mit ihren Innovationen am Markt durchsetzen können. Zweifellos werden diese Lücken durch andere, neuartige Ideen und Geschäftsmodelle gefüllt.

    Diese Studie beschreibt die aktuellen Trends und Wachstumstreiber, die die Branche in der Vergangenheit beeinflusst haben und gibt einen Ausblick auf zukünftige Wachstumsimpulse und Hindernisse.

     

    Die Studie kann hier eingesehen werden.  Der Text ist eine Zusammenfassung der Studie, welcher sich ebenfalls auf dieser Seite befindet.

    Featured Image: via Pixabay

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  • @fintechna 3:35 am on December 4, 2016 Permalink | Reply
    Tags: 2025, 8211, , , bargeldlosen, beim, , Europäischer, , , Laut, liegen, , , , Studie, , ,   

    Europäischer Markt für Digital Payments wächst bis 2025 um 40% – Laut Studie liegen Schweizer beim bargeldlosen Zahlen zurück 

    &;Wachstum können Finanzdienstleister beinahe nur noch im Bezahlsysteme erwarten, wo die Digitalisierung stetig voranschreitet. Hier aber konkurrieren die Banken mit reinen -Dienstleistern und Angeboten großer Onlinehändler, die oft noch näher am Kunden sind&;, kommentiert Andreas Pratz, Partner bei A.T. Kearney und Leiter des Digital Teams die Ergebnisse der &8220;Cashing in on Cashless Commerce&8220;.

    &8220;Nur wenn es den Banken gelingt, ihre Bezahlangebote zu digitalisieren, werden sie dem Wettbewerb mit spezialisierten Dienstleistern standhalten&8221;, meint Pratz.

    Für die aktuelle Studie zu sogenannten Digital Payments hat A.T. Kearney knapp 60 europäische Führungskräfte von Banken, Payment-Anbietern und -Händlern befragt. Ein zentrales Ergebnis der Studie: &8220;Bargeldloses wird immer beliebter: Seit 2010 beobachten wir ein jährliches Wachstum von sechs Prozent&8221;, so Pratz. Die Experten erwarten daher, dass die Einnahmen im Bereich der digitalen Bezahlsystemen in den nächsten zehn Jahren von 80 auf 111 Mrd. Euro ansteigen werden.

    Europäischer Markt für Digital Payments wächst bis 2025 um 40 – Laut Studie liegen Schweizer beim bargeldlosen Zahlen zurück fintech

    Die Schweiz ist immer noch ein starker Bargeld-Markt – in Sachen bargeldloser Zahlung kann man noch nicht zur Spitze aufholen. Immerhin liegt die Schweiz aber mit 24 Bezahlterminals pro 1‘000 Einwohnern weit über dem europäischen Durchschnitt von 17. Mit 101 Transaktionen pro Jahr bezahlen die weit häufiger mit der Karte als beispielsweise die Deutschen (55-mal) – genug Spielraum nach oben bleibt jedoch. So wird in Norwegen 400-mal jährlich bargeldlos bezahlt.

    „Europaweit erwarten wir, dass sich die Anzahl der Transaktionen ohne Bargeld bis auf knapp 238 Mrd. verdoppeln werden“, berichtet Finanzexperte Pratz. „In der Schweiz rechnen wir mit einem überdurchschnittlichen Wachstum der Kartenzahlung um sechs Prozent“, ergänzt Frederick Michna, Berater bei A.T. Kearney und Co-Autor der Studie.

     

    Europäischer Markt für Digital Payments wächst bis 2025 um 40 – Laut Studie liegen Schweizer beim bargeldlosen Zahlen zurück fintechVerschiedene Entwicklungen unterstützen diesen Trend: Neben der seit diesem Jahr deutlich reduzierten Interchange Fee (Interbankenentgelt) für Debit- und Kreditkarten vereinfachen vor allem Innovationen wie kontaktloses oder mobiles Bezahlen die Nutzererfahrung. Für Kunden werden solche Systeme immer wichtiger, verlagert sich der Bezahlvorgang &; beispielsweise durch Online-Shopping &8211; doch zunehmend ins Internet.

    Für E- und M-Commerce können Wachstumsraten von 10 Prozent verzeichnet werden (klassischer Einzelhandel in Europa nur 2 bis 3 Prozent). Diesen Befund teilt auch ein Drittel der befragten Führungskräfte, die dem Einkauf im Internet eine Schlüsselrolle für die digitale Transformation der Payments-Funktion zusprechen.

     

    Klassische Einnahmequellen der Banken, wie das Geschäft mit traditionellen Zahlverfahren (Überweisung, Lastschriften) oder der Ausgabe von Karten, wachsen dagegen nur langsam (um 6 Mrd. auf 59 Mrd. Euro). Das größte Wachstumspotenzial spezialisierter Zahlungsdienstleister liegt im Händlergeschäft und im Geschäft mit alternativen Zahlungsmethoden &8211; einem Bereich, den große internationale Anbieter beherrschen.

    In beiden Segmenten wird eine Verdopplung des Marktvolumens von 27 auf 52 Mrd. Euro erwartet. Der Anteil der Banken am Payments-Umsatz dürfte dagegen sinken: von zwei Dritteln Marktanteil heute auf voraussichtlich nur noch die Hälfte im Jahr 2025.

    Ein Blick in die Zukunft zeigt: Die wichtigsten Umbrüche sogenannten &8220;Kontozugang für Dritte&8221;. Ab 2018 sind Drittanbieter berechtigt, Zugang zu Kontoinformationen zu bekommen und Überweisungen im Namen des Kontoinhabers zu veranlassen. 32 Prozent der befragten Payments-Experten in Banken sehen darin die entscheidende Veränderung für ihr Geschäft.

    Mobile Wallets (26%) und Instant Payment (21%), also eine elektronische Bezahlung in weniger als fünf Sekunden, bewerten die Studienteilnehmer als die größten externen Umbrüche, die den Markt von außen verändern werden.

    Europäischer Markt für Digital Payments wächst bis 2025 um 40 – Laut Studie liegen Schweizer beim bargeldlosen Zahlen zurück fintech

     

    Europäischer Markt für Digital Payments wächst bis 2025 um 40 – Laut Studie liegen Schweizer beim bargeldlosen Zahlen zurück fintech

    Andreas Pratz

    &8220;Vernetzte Geräte werden unsere Art zu bezahlen schneller verändern, als die Meisten erwarten &8211; schon 2020 wird jeder Bürger weltweit mindestens dreieinhalb vernetzte Geräte nutzen, die Einkäufe aufgrund herausgebildeter Präferenzen tätigen und Zahlungen auslösen können&8221;, warnt Pratz. Solch ein automatisierter Handel erfordere daher auch einen ebenso reibungslosen Zahlungsverkehr.

    &8220;Banken können letztendlich nur profitieren, wenn sie es schaffen, für ihre Kunden alle Zahlungsströme zu integrieren und Transparenz und Überblick über ihre Ausgaben zu ermöglichen. Voraussetzung bleibt allerdings, dass sich alle Akteure auf eine neue Innovationswelle einlassen&8221;, schließt Pratz.

     

    Die Studie &8220;Cashing in on Cashless Commerce&8221; finden Sie hier

    The post Europäischer Markt für Digital Payments wächst bis 2025 um 40% – Laut Studie liegen Schweizer beim bargeldlosen Zahlen zurück appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
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