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  • user 12:18 pm on January 8, 2017 Permalink | Reply
    Tags: conflict, fintech, General, , , , , ,   

    Solving the conflict of interest in General Insurance; The state of the industry (Part I) 

    In my previous role at Barclays Investment Bank, I got to work with leading insurers and companies, shaping their future strategy&;

    Continue reading on hackingfinance &187;

    Bank Innovation

     
  • user 1:54 pm on January 6, 2017 Permalink | Reply
    Tags: , , fintech   

    Fintech Events — The big list of 2017 

    Here you get an updating list of major from January to December 2017! Have a nice fintech year!


    Fintech Ideas Festival (January 9–10)

    The FinTech Ideas Festival will envision long-term, big ideas in areas such as artificial intelligence, the internet of things, big data, tomorrow’s workforce, financial inclusion, biometrics, cybersecurity and others that will impact the way consumers interact with their finances. The FinTech Ideas Festival is an invite-only conference. USA, San Francisco

    Fintech O2O International Fintech Pitch Evening (January 16)

    Companies and government entities from around the world such as Canada, US, Hong Kong, Russia, Finland, Singapore, and the UAE, will have the chance to showcase their best and most innovative new financial and banking technologies. Hong Kong, Hong Kong.

    Next Money Fintech Finals 2017 (January 18–19)

    1000 people will gather at PMQ in Hong Kong, with the world’s best speakers assembled to cover fintech design, innovation & entrepreneurship, and see the top 24 startups globally pitch for prizes and cash. Hong Kong

    Blockchain Week — Hackathon (January 20–22)

    Making Work for Municipalities & Citizens & Making Internal Remittances Immutable & Trackable. UK, London.

    Blockchain Week — Conference (January 23–24)

    The first day will lean slightly towards Public Blockchain, while the second day will focus more on Blockchain/DLT in hybrid and public ledgers. UK, London.

    Blockchain Week — Workshop (January 25–26)

    Workshops on topics including, Smart Contracts, Ethereum and BigchainDB. UK, London.

    Paris Fintech Forum (January 25–26)

    The Paris Fintech Forum is the international Fintech event in France. 2,000 participants will listen to 200 CEOs and c-levels from , insurance, telco, regulators and fintech. It will take place under the high patronage ofFrench ministry of Finance, Economy, Industry and digital affairs. Paris, France. Official website: http://www.parisfintechforum.com/

    Finovate Europe (February 7–8)

    Cutting-edge banking and financial in a unique, short-form, demo-only format. UK, London

    London Fintech Conference 2017 (February 8)

    This is a european student-led conference in Imperial College London with the brightest ideas and thoughts of industry pioneers on the financial world. UK, London.

    The Blockchain Africa Conference 2017 (March 1–3)

    The Blockchain Africa Conference 2017 will bring together a diverse range of experts who will discuss all the opportunities, challenges and exciting possibilities in innovation and disruption that can be leveraged in Africa using this technology. South Africa, Jonannesburg

    LendIt USA 2017 (March 6–7)

    LendIt host major events for the global lending community. Its mission is to connect every major player, platform, investor and service provider in the space. USA, New York

    Money 20/20 Asia (March 13–15)

    Payments & Financial Services Innovation Event. Singapore

    European Payment Summit (March 8–9)

    It’s a 2 day program featuring key developments ‘for-by professionals’ in the payments/transaction space combined with a full 2 day program with key sessions on international Security & Fraud. Netherlands, The Hague

    FinDEVR (March 21–22)

    Event for Fintech Developers that will showcase the latest tools, platforms and case studies from the technology side of fintech to hundreds of developers, VPs of engineering, and CTOs. UK, London

    FinTech : Code (March 16–17)

    Defining the Dev in the Financial Industry. UK, London

    Innovate Finance Global Summit (April 10–11)

    Conference for the financial technology industry, a platform that convenes the world’s global institutions together with startups, policy makers and investors to share ideas and solutions to the challenges facing financial services. UK, London

    Blockchain & Bitcoin conference (April 19)

    Conference for IT pros. It is also for businesspersons and end users. Russia, Moscow

    Finovate Spring (April 26–27)

    Cutting-edge banking and financial technology in a unique, short-form, demo-only format. USA, San Jose

    Harnessing Fintech Innovation in Retail Banking (June 07–08)

    Defining steps for sustained innovation which keep banks relevant to consumers now and in future. UK, London.

    Future of Fintech (June 26-28)

    This event cover the ongoing pace of disruption and funding in finance and what that means for incumbents, consumers, and the future of financial services more broadly across major trends like AI, blockchain, insurance tech, advising. USA, New York

    FinDEVR (June 12–13)

    Event for Fintech Developers that will showcase the latest tools, platforms and case studies from the technology side of fintech to hundreds of developers, VPs of engineering, and CTOs. UK, London

    Money 20/20 Europe (June 26–28)

    Payments & Financial Services Innovation Event. Denmark,Copenhagen

    LendIt China 2016 — Executive Tour (July 12–19)

    Event to uncover new opportunities in the world’s largest market for Internet finance. China

    LendIt China 2016 — Lang Di Fintech Conference (July 17–18)

    Event to uncover new opportunities in the world’s largest market for Internet finance. China

    Finovate Fall (September 8–9)

    Cutting-edge banking and financial technology in a unique, short-form, demo-only format. USA, New York

    Money 20/20 (October 22–25)

    Payments & Financial Services Innovation Event with 11,000+ Attendees from 4,500+ Companies and 85 Countries Including 1,700+ CEOs & Presidents and 400+ Speakers. USA, Las Vegas

    Fintech Evolution (November -)

    This conference has been created to bridge the gap between the start up and corporate worlds. By creating a dual-directional dialogue; FinTech Evolution 2017 will assist in the development of FinTech’s rise to preeminence in the Financial World. Germany, Berlin

    Finovate Asia (November 8–9)

    Cutting-edge banking and financial technology in a unique, short-form, demo-only format. Hong Kong


    For a more complete list, send your event to [email protected] .
    Last update on 05 January 2017.

    https://www.facebook.com/fintechna/?fref=nf

     
    • Michael Wechsler 9:17 pm on May 31, 2017 Permalink | Reply

      You may also want to include Columbia Business School’s FinTech, DFS & Payments Summit on June 8 & 9 in New York City. 70+ speakers, top tier participants, regulators, VCs and innovators covering blockchain, mobile money, payments, DFS, big data & more. Pricing very low for NYC events but space is limited. https://goo.gl/kfHY4s

  • user 12:18 am on January 5, 2017 Permalink | Reply
    Tags: Awesome, , Brokers, fintech, , , Ripio, Rockets, ,   

    Top 4 Fintech Funding Rounds: Tiger Brokers, Rockets of Awesome, Monese, Ripio 

    Another day, another dollar—only this is , so it would be more accurate to say another day, another multi-million investment in , virtual currency, mobile banking, e-commerce, and/or all of the other technologies on the playground. So far, 2017 fintech hasn’t veered far from the areas of interest inRead More
    Bank Innovation

     
  • user 12:18 am on January 4, 2017 Permalink | Reply
    Tags: , fintech, , Trustworthy   

    How Do We Ensure Transparent and Trustworthy AI in Fintech? 

    AI systems may be getting smarter with the ever-expanding flow of data, but are they also getting more ethical? When it comes to , artificial intelligence has a seemingly endless range of possibilities to transform present systems, so long as the AI system that is applied is constructed with the correct valuesRead More
    Bank Innovation

     
  • user 4:54 am on January 3, 2017 Permalink | Reply
    Tags: , , , fintech, , Wishlist   

    My Current Fintech Wishlist 

    There are many nitty gritty problems that need solving in the financial services industry. , common sense, thoughtful regulation and new business models will address these over time.

    There are also complex problems, bigly ones, that will require either deceptively simple solutions and/or intricate collaboration among many stakeholders.

    I invest in solutions that address either, depending on scale and economics, and am passionate about the latter.

    Here is a non-exhaustive list of solutions that address complex solutions which I am passionate about.

    shutterstock_421243957

     

    1) Low cost reliable banking: We know many consumers are underbanked, non banked or unhappy with their . We still have not cracked the code for low cost reliable banking. I have invested in neo banks as well as digital startup banks in the UK. I still think there is much to do in this field and am interested in digital startup banks in the US to foster further competition and usher new simple licensed banking business models. I am equally interested in retail and SME low cost banking models.

    2) New core banking/insurance systems: There are no new core banking systems in use by banks, same with insurers. This is a technology anomaly in need of being rectified. What with new technologies, new needs centered around data analytics, edge computing on the horizon and interoperability, we are in dire need of new core systems that are low cost to develop and low cost to maintain. I am keenly interested in open source initiatives in this space as a means to unlock this major issue.

    3) Open Source financial technology: This is linked to the above core banking systems item. The power of open source software is tremendous. We see it with technology, we see it with AI. Developing business models around open sourcing of basic code that powers financial services will deliver untold riches.

    4) Bank as a Service platforms: I have written about this subject extensively. My interest lies in technology platforms that will drive the marginal cost of delivering a set of financial services or products to near zero. One can argue this is linked to points 2 & 3 above. (I need to think about Insurance as a Service).

    5) Low cost savings platforms for the US: The 401K market is woefully inefficient, fees are too high, the value chain is too sclerotic. A new cheaper 401K platform would be ideal, but maybe there is a need for a new product altogether which would need legislative & regulatory nudges. Either way this is a massive investment opportunity in the US.

    6) Secure micro payments platforms: There are no inexpensive and secure micro payments solutions for either digital goods & services, person to machine or machine to machine interactions. I do not see credit or debit card rails addressing this need. Maybe new models built off of Ethereum, maybe something else?

    7) Regtech as a Service platforms: I believe regtech solutions will still be needed going forward for certain use cases even if we move towards a financial deregulation era. I do not believe in the viability of point solutions in regtech. I also do not believe one vendor will be able to provide a best of breed portfolio approach &; the needs are too heterogenous, the technologies too varied. Hence, applying the concept of Bank as a Service to Regtech as a Service, with platforms that allow demand to meet supply in a frictionless way will be winners.

    8) Digital Identity solutions: We live more of our lives digitally, we buy, sell, interact with one another, on social media platforms, on mobile apps. Our data is insecure, our payment data is insecure and our identities are are nightmare to manage. Comprehensive digital identity solutions that allow us to build trust, interact with one another and with companies, while securing our data and our privacy will emerge. I am keen to participate and collaborate with the winners in this space. Incidentally, I am equally interested in digital identities for things and for enterprises. Whoever cracks this space will have a very large success on their hands.

    9) Data Marketplaces: By that I mean data marketplaces to monetize financial services data whereby at least one stakeholder (the seller or the buyer) needs a very different level of assurance with regards to data privacy & financial regulation. If we are enterting the digital age, and if data is a key ingredient of that age, then ways to monetize, exchange, buy, sell data that is tied to the financial service industries will be big businesses. Think the NYSE or NASDAQ, but for data and data sets.

    10) House Purchasing/Renting platforms: Face it, buying or renting a home is a pain. It is a pain to show you are a good tenant, and it is a pain to secure a mortgage. There are many documents to procure, many signatures to make, many steps to go through, much due diligence on the buyer/tenant and seller/landlord side for buying/renting. Any solution that helps make the experience a delight, with little friction and with embedded financial services/products is a winner.

    11) Cybersecurity insurance: Nascent space for sure, with lack of understanding of the risks. I dream of a marriage of reason between a insurtech startup and a cybersecurity consulting firm, backed by a forward thinking reinsurer. Definitely interested in exploring this space, especially knowing about the untold risks of IoT security or lack thereof.

    12) Securitization markets for insurance: Admittedly I know little about this space, but the potential for pooling risk, segmenting risk, providing liquidity to certain asset classes seems rather interesting. Big problem to solve, bigger opportunity.

    13) On demand micro insurance platforms: Mostly for retail, tailored for new usages of any type of asset, or new behaviors &8211; gig economy or otherwise &8211; on the fly. We have barely scratched the surface on this one.

    14) Specialized Climate *Change* Insurance platforms: For farming in developed or emerging markets for example. Enough said.

    Let me know about what makes you tick and which solutions/problems in financial services should be tackled.

    ps: I have several other pipe dreams that are not as investable as the above, the main one being digital fiat currencies (physical fiat be gone). Maybe the subject for another post.

    pps: Even though I am bullish on enabling technologies &8211; AR/VR, blockchain, AI, advanced data analytics, quantum computing &8211; I have not focused on these in this post, believing any of the above will be powered by one or several of them, hence my agnosticism.

     

    FiniCulture

     
  • user 12:18 am on January 3, 2017 Permalink | Reply
    Tags: , Eyeing, fintech, ,   

    Four Fintechs Eyeing IPO in 2017 

    The world has been going through a sort of an IPO freeze recently. The headwinds created by certain this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. Global financingRead More
    Bank Innovation

     
  • user 12:18 am on January 2, 2017 Permalink | Reply
    Tags: , , , fintech, , ,   

    10 Most Innovative CEOs in Banking 2016, Page 2 

    4. Harit Talwar, Marcus Goldman Sachs has long been known as an enthusiastic investor in (or just tech) startups, with companies like Circle, Cadre, Financeit, Oscar and even Uber. But this year, the company shifted from being a mere investor to joining the fray as a fintech player, announcingRead More
    Bank Innovation

     
  • user 12:18 pm on January 1, 2017 Permalink | Reply
    Tags: , , , , fintech, , ,   

    10 Most Innovative CEOs in Banking 2016, Page 3 

    8. Tom Blomfield, Monzo In this age of -rules-it-all, nobody (hopefully) needs an explainer on what a neobank is. U.K. specifically has been an epicenter of the mobile-first , with Atom Bank, Starling Bank, Tandem Bank and Monzo as the main players. So why single out Monzo? Well, customer retentionRead More
    Bank Innovation

     
  • user 12:18 am on January 1, 2017 Permalink | Reply
    Tags: , , fintech, ,   

    Breaking Banks: Fintech, What’s Next? 

    For the last episode of the year, Brett King hosts a group of all-stars &; Chris Skinner, Jim Marous, Dave Birch, Ghela Boskovich, and Penny Crosman to review a bit of 2016 and talk about the trends and predictions for 2017. What&;s ?
    Bank Innovation

     
  • user 12:18 pm on December 31, 2016 Permalink | Reply
    Tags: , , fintech,   

    Top 10 Fintech Headlines of 2016 

    If nothing else, was a year of change—nowhere more than in , where developments in , 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 Read More
    Bank Innovation

     
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