If nothing else, #2016 was a year of change—nowhere more than in #fintech, where developments in #blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt. With that in mind, let’s take a look back at our top ten fintech #headlinesRead More
Bank Innovation
Connectivity and interdependence have increased in most industries, including financial services in the last decade. In the wave of digital transformation, new business models are born.
From the crisis of 2008 to date, EUR 19 billion has been invested in #Fintech companies (CB Insight, 2016) with hundreds of them newly founded. Though this number may not seem very high in the context of the balance sheets of the entire financial sector (EUR 28 trillion) or the recent fines some #banks needed to pay, there are many aspects that are clearly changing in the landscape of financial services. Customer expectations drive changes in business models. New partnerships as well as methods of connecting borrowers and lenders are born.
Herein I provide my reflection on recent trends and highlight some key predictions for 2017 in the #Alternative Lending landscape in #Europe.
1) Banks will continue to shrink their Balance Sheets and will invest in new business models and partnerships
Europe relies heavily on banks. Therefore, in order to assess the lending ecosystem, I always start with what is going on with the banks. Banks have been shrinking their balance sheets since the crisis. In 2008, the total assets of banks in the Euro region stood at EUR 33 trillion and declined to EUR 28 trillion by 2015 (ECB, 2016). Just to put this number into context, the decline is higher than the combined balanced sheet of five major banks (Rabobank, ING, ABNAMRO, Deutsche Bank and Unicredit) as of June 30, 2016.
In terms of profitability, it did not really improve this year. Interest rates continued to be low, capital requirements became harder, compliance rules and penalties remain harsh.
The first 6 months of financials in 2016 indicate declining trends in many aspects, including revenue and deposits. The net interest margin of the Top 10 listed banks in the sector further reduced to below 1.5%, which is structurally lower than in the US. Return on equity was 5.8%, which remains below the cost of capital, estimated to be around 9%. The prolonged low profitability is very challenging, especially as it coincided with a low equity base and increasing capital requirements.
Regarding outlook, the quantitative easing program is being extended so any interest rate hike is pushed well into the future. This environment forces banks to be more efficient with all of their key resources: people, branch network, system and their balance sheet. In practice, this implies closing down branch offices, reduction of headcount, further consolidation and tighter balance sheet management. Since the peak of 2008 till 2016, more than 350,000 jobs disappeared. This seems high, but between 2000 and 2008, almost 1 million jobs had been added to the sector. In this context, there might be still potential for job cuts. (The figures are based on listed banks representing approximately 80% of the total assets of the European sector.)
In order to create operational leverage of their business origination capacity, banks are likely to rely on future partnerships.
Banks will further explore alternative lending avenues and strengthen cooperation with institutional investors and Fintech companies. This creates new attractive opportunities for investors or potential partners that may have limited business origination or risk management capabilities but offer balance sheet capacity or more efficient business execution.
2) Political support to alternative lending will strengthen
The funding needs of the European economy remains larger than ever. The sentiment that Europe in terms of economic growth is lagging behind the USA seems more widespread than ever. The need for a more diversified funding source in Europe is more urgent than ever.
I see strong evidence that the conviction among key decision and policy makers in Europe is leaning towards increased lending via alternative sources. Over-reliance on banks made us too vulnerable and constrained our economic development and we need to increase resilience via diversifying funding sources towards the European economy.
This vulnerability of Europe is clearly illustrated by the Basel IV debate in recent months. The proposed legislations, which had been discussed in Santiago some weeks ago, favor a regime shift towards a less risk-based approach for credit risk. These would need to be aligned and inserted in capital requirements of European banks (Capital Directive) with very significant potential impact on the economy, including mortgage lending. Proposals to increase capital requirements for lower risk-weight portfolios, such as mortgage loans are disproportionately hitting European banks (Fitch, 2016).
As the European banking system finances about 75% of the economy, the potential adverse impacts are a lot higher. In contrast, only 25% of the US economy is financed by banks. It is largely capital market-based and long-term residential property risks are covered by government agencies (Fannie Mae and Freddie Mac). This diversification enables the US banks to operate with lighter balance sheets and any new legislation has less impact.
European banks are more sensitive to any regime shift and could be forced to decrease their direct lending to corporations and households. More importantly, any of these adverse changes in lending capacity has a direct impact on the economy. They understandably issued a strong pushback on the proposal.
This illustrates profound vulnerability. As Olivier Guersent, DG for Financial Stability, Financial Services and Capital Market Union at EU pointed out this month, “We have to set the rate of retention in securitization market to make sure that there is a market. Legislations are no use if there is no market anymore.”
I believe our policy makers in Europe will become more articulate about the need for a diversification of funding sources.
This implies a stronger push for support for developing alternative lending channels, securitization market and capital market union initiatives. There is also likely to be more scrutiny and consequently, regulation to ensure consistency and a more level playing field between risks of banks and non-banks and transparency to investors about risks they are taking.
3) Institutional investors will show increasing acceptance to alternative fixed income products (e.g. private debt)
The search for yield remains a key theme in a low-return, volatile environment. Those who can deal with and accept the illiquid nature of the asset class will find a safe haven in private debt. These assets have limited liquidity and mark-to-market pricing; consequently, they “look and feel” stable.
Institutional investors (insurance companies, pension funds, etc.) are inherently more suited to participate in funding the economy because they capture a large percentage of long-term savings. However, the infrastructure to facilitate this remains mostly at the banks and the investments need to be channeled via capital markets and partnerships. The growth of partnerships has been painstakingly slow. There needs to be significant education and convincing done also at supervisory board level at these institutions.
Last but not least, investors seem to have high return expectations from private debt instruments that need to be managed. At the moment, a high percentage of investments are going to the highest risk basket in private debt (e.g., direct lending with return exceptions of 6-10%). The potential private debt universe is a lot larger than lending at 6-10% to sub-investment-grade companies. European banks have about 1.5% net interest margin and lend at an average interest rate of 2.5%. The bulk of the traditional banking products are safer assets and can be an excellent alternative to traditional fixed income products. Some of these new assets classes (like Dutch mortgages) has been favored by many institutional investors recently and a lot of similar product initiatives are likely to come.
4) Fintech: Getting more mature, more regulated with new collaborations
Many companies were formed with a mission to implement a new business model in the financial services industry. 2017 is likely to be an important year for Fintech when many of these business models will be tested on their ability to scale and operate under increasing regulatory scrutiny. The market will understand the significant differences between certain sub-segments of Fintech companies. Payments and #blockchain services are likely to cause the most disruption and we will see further diversification of deposits payments from retail clients.
Some new companies will simply run out of money to support their business model. The market is likely to test the real value contribution of “smart algorithms”. With increased interdependence, potential defaults will have negative impact on others in the sector. Fintech companies will further recognize the importance of operating in a regulated environment in order to build trust and scale their business model. Regulations above a certain size is inevitable and unfortunately, extremely costly (systems, KYC, compliance and risk management costs). In contrasts, risk management and compliance are core competencies of banks and the associated costs are already inherent.
Rather than perceiving Fintech companies as competitors, financial services companies will be reviewing avenues to develop collaboration models for mutual benefit and assess to what extent they can incorporate innovative business ideas in their incumbent setup.
Many financial services companies (e.g., BBVA, Santander, Goldman Sachs, JP Morgan) have established incubation centers, dedicated VC activities and M&A departments to capture on the most interesting opportunities.
A recent survey conducted by Roland Berger confirms that over 85% of Fintech companies anticipate stronger cooperation with incumbents. The most important reason mentioned was the access to a stronger customer base.
The power of this approach is to ensure that business or product innovation can be scaled up in a regulated environment, create a mode of comfort and eventually generate a critical mass.
Companies on different sides (banks, investors, Fintech companies) will have to realize that a collaborative approach is a very powerful way not just to overcome the challenges they face but to thrive.
[linkedinbadge URL=”https://www.linkedin.com/in/kindert” connections=”off” mode=”icon” liname=”Gabriella Kindert”] is Head of Alternative Credit – NN Investment Partners and this article was originally published here.
Patent filings for #blockchain #technology have more than tripled since 2014; this spike includes patents filed by #cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and #banks like Goldman Sachs and the Bank of America. According to a report conducted by law firm Reed Smith, the most popular areasRead More
Bank Innovation
#Blockchain is undoubtedly a buzzword nowadays – same as #FinTech. However, it is often difficult to comprehend, and in fact, many people do not have a clue what is it all about. Being at the heart of FinTech and having very strong potential to disrupt and revolutionize the way our world functions now, the concept of blockchain definitely needs a proper understanding.
The Blockchain Begins
It all started back in 2008. Short after the Lehman Brothers’ collapse, when the world was in a global financial decay and stock markets had hit historic lows, a person or a group of persons called Satoshi Nakamoto came into the global arena to disrupt it.
The notion of blockchain materialized in the form of a white paper which described the now well-know #cryptocurrency of #Bitcoin and the underlying concept on which it operates. The blockchain.
The Concept
Generally speaking, the blockchain is a distributed public ledger. Instead of data being accounted and stored on a central server’s database, it is encrypted, and a copy is kept on every node connected to the network. There are as many copies of the ledgers as there are nodes connected to the network.
Where’s the Revolution?
Blockchain uses its distributed network approach to revolutionize the process of verification and transfer ownership. This provides a lot of advantages over the current centralized network systems, and here we are speaking about security and preservation of data. Basically, it cuts out the middlemen.
Nowadays, more or less everything happens via centralised networks – governments, #banks, you name it (=the middlemen). They appear to be doing quite good with their job, but in case a central server’s integrity gets compromised, the data stored within can be hacked.
Yet, if the database gets distributed amongst multiple nodes, it becomes much harder to hack it. Anyone wishing to alter the data in a blockchain network would need simultaneously to modify the ledger on 51% of all the nodes on the network. If they do not get altered simultaneously, the blockchain nodes will automatically recognize that the modified copy is a forgery and correct the changes.
Also, it is important to note that each block in the blockchain is encrypted. This makes it impossible to change after it gets authenticated and chained to the previous link.
Privacy
Living in the age of Internet, privacy is often an issue. In fact, many of us do not know how often we are being monitored by various institutions (take it governmental or private ones). For example, various online services often monitor and track our usage, and later use that information for marketing or other purposes.
In case of blockchain, all transactions are identified by a code, hence, the actual user identity is kept private. Only those with the appropriate code or key can access the relevant information.
The anonymity has obvious advantages. Records cannot be stolen, and accounts cannot be frozen, as there is no central power. Because no chief command exists, nobody has the authority or access to facilitate these #types of actions. Of course, this raises some underlying threats and issues as well, but let’s stick with the #benefits as for now.
Benefits
Undoubtedly there are lost of benefits, applications and added value that comes with the blockchain #technology. Nevertheless, I would like to put an emphasis on 3 of them regarding the financial system.
Videos worth watching:
Bettina Warburg: “How the Blockchain Will Radically Transform The Economy”
Alex Tapscott: “Blockchain is Eating Wall Street”
[linkedinbadge URL=”https://www.linkedin.com/in/linasbeliunas” connections=”off” mode=”icon” liname=”Linas Beliūnas”] is Foreign Business Development & Sales at Paysera and this article was originally published here.
The Euroclear Bankchain has successfully completed its first pilot, in partnership with financial #blockchain solutions firm Paxos and the Euroclear Bankchain Market Advisory Group. The bankchain is designed for the settlement of London’s bullion (#gold) market, and is scheduled to go live for the first time in 2017. According toRead More
Bank Innovation
#Blockchain—possibly the buzziest of buzzwords in #2016. The world saw the rise of new enterprise blockchains, how the #technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the #fintech trenches, we saw #banks,Read More
Bank Innovation
Luis Carranza, founder of #Fintech Worldwide and organiser of London Blockchain Week discusses #Blockchain and Distributed Ledger #Technology (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 #they tried to get their heads around my chosen focus. ‘Don’t you mean #bitcoin?’ 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.
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 #banks 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.
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.
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 #UNICEF 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.
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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The Commercial #Bank of #Dubai (CBD), announced late in November that it is launching “CBD Now”, Dubai’s #first #digital-only bank. They aim to target millennials and digitally connected customers early in 2017.
Peter Baltussen, CEO of Commercial Bank of Dubai said, “The launch of CBD Now during 2016 UAE’s innovation week is a timely example of how CBD supports the vision of the UAE government to develop innovation and drive client happiness.”
Digital-only Banking allows customers to totally change how they manage their finances. They can now use smart #technology to fulfil all their banking needs. CBD will offer customers a technologically smart, and seamless mobile bank, personalised to enable them to perform all their usual financial services from anywhere via their smartphone. So whether it’s managing your current accounts, savings accounts or credit cards that you need, this new development will serve you well.
This news comes hot on the heels of Emirates NBD’s announcement in June that they would be investing Dh500million (US$ 136million) in digital banking systems. Mindful of the fact that the bank is losing its appeal with Millennials, this move is aimed squarely at younger customers.The bank’s Chief Executive, Mr Shayne Nelson said, “We are making a commitment to the future with our digital transformation plan.”
The move into digital banking, globally, has seen huge benefits for #banks and customers. For customers there is a huge improvement in convenience and speed of service, whereas these systems also make cost savings for the banks. There are approximately 800 million customers now using mobile banking systems worldwide. This number is expected to increase to over 1.9billion by the year 2019, according to a report by the auditing company KPMG.
The UAE has a young and affluent population, which is driving the move to digitisation. According to a recent Google study, its 9.2 million population has the highest penetration of smartphone use in the world, at about 70 per cent. Traditionally here, cash has always been king, with credit cards often shunned by young affluent people. However, the ease of use of digital banking is starting to capture the imagination.
EY GCC Digital Banking Report 2015 found that half the banks they surveyed have budgeted between US$ 5 million and US$ 20 million for digital initiatives. These included automation, channels, customer journeys and new technologies etc. Furthermore they found that many of the larger banks were demonstrably willing to spend even more. Possible even more exciting was the fact that banks saw this as a rebirth, rather than an incremental approach to modernisation. Digital-first, a Sharia-compliant retail bank in Saudi Arabia, more than demonstrated this.
The island kingdom of Bahrain is also moving swiftly to keep up. A number of state bodies including the Central Bank of Bahrain (CBB) are involved in looking at ways in which to develop its #fintech sector. Areas of interest are: Islamic finance, in which in which Bahrain has strong global standing; crowdfunding; payment services; online wealth management service (#robo-advisors); and #blockchain.
Moving forward, CBD Now Co-founders programme being #launched in the near future involves enabling pioneering customers to provide input into building the bank of their dreams. Murray Sims, General Manager Personal Banking Group at Commercial Bank of Dubai, said, “We believe our customers have a lot of know-how when it comes to banking services. Customers can assist during the piloting phase to influence product development and refinements before rolling out the brand to the public.”
Things are really hotting up in the digital banking sector within the Emirates.
The post First Digital Bank Launched in Dubai appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
#Christmas is coming and if you are a #fintech junky, you might want to ask your friends, boss and relatives for one (or more) of the following fintech #books.
These books, which have all been released in the past six months, cover every aspect of fintech from digital payments, mobile #technology to #blockchain and Big Data.
For books that were released earlier, you can check #this article or have a look on our Fintech Book Page.
by Jeff Reed
Blockchain: 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 #Bitcoin technology, and even in its infancy, it is taking the world by storm, from major #banks 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 #Cryptocurrency 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.
by Jacob William
The 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.
by Richard Hayen
We’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, #robo-advisors, peer-to-peer lending, crowdfunding, but also about the state of FinTech and where it is heading.
by Oscar Flynt
Blockchain: 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.
by John Waupsh
Community 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 #offer clear, practical advice for competing with the megabanks, direct banks, non-banks, and financial technology companies.
by Mark Jobs
FinTech, 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.
by Tony Scott
Blockchain: 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.
by Tolga Tavlas
Developing 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.
by Timothy Short
Blockchain: 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:
by David Shrier (Author), Alex Pentland (Editor)
Financial 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.
by Seth Ramsey
Blockchain 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.
by Luke Sutto
Fintech: 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.
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