The #fintech community sure is bullish on #roboadvisors. At least, that’s the takeaway #from the Twitter poll conducted by @INVFintech, this site&8217;s sister accelerator. The poll was part of a Twitter chat held today under the hashtag #INVchat. The discussion ranged from robos to cross-border payments, the latter discussion seeing active participationRead More
Bank Innovation
InsurTechs sorgen momentan mit ihren neuen und modernen Technologien für einen grossen Innovationsschub im Versicherungsgeschäft. Durch die Digitalisierung lassen sich Innovationen entlang der gesamten Wertschöpfungskette finden.
In einer aktuellen Studie von Oliver Wyman wird das Phänomen #InsurTech systematisch beleuchtet und als Ergebnis wird das erste InsurTech-Radar vorgestellt. Dabei werden die neuen digitalen Geschäftsmodelle kategorisiert, bewertet und die jeweiligen Gewinner je nach Segment definiert.
Das InsurTech Radar
Der Versicherungssektor in #Deutschland hat global gesehen eine sehr gute Position und weist neben weltweit agierenden Unternehmen, auch die höchste Anzahl an InsurTech Gründungen auf. Auch wenn es noch sehr viel Arbeit und Investition bedarf, zeigen einige deutsche InsurTechs bereits Potential um auch international zu agieren. 
Durch die neuen Digitalkonzepte, die es ermöglichen Kundenbedürfnisse besser zu bedienen, stehen jedoch Versicherer mit traditionellen Geschäftsmodellen vor großen Herausforderungen. Um das Potenzial und die Erfolgschancen der InsurTechs in Deutschland zu erfassen, werden zunächst die drei Stufen Angebot, Vertrieb und Betrieb der Wertschöpfungskette separat betrachtet und schliesslich bewertet. Man unterscheidet dabei InsurTechs, die neue Versicherungsangebote anbieten, neue Ansatzpunkte im Versicherungsvertrieb finden oder den Versicherungsbetrieb optimieren. Diese drei Bereiche lassen sich wiederum in weitere Kategorien einteilen.
InsurTechs gegen Traditionelle Versicherer
Die meisten Geschäftsmodelle der InsurTechs sehen eine Zusammenarbeit mit bereits etablierten Versicherern vor, sodass das Potenzial zu einer Partnerschaft zwischen „Alt“ und „Neu“ besteht. So gesehen stellen InsurTechs keine Gefahr für die traditionellen Versicherer dar, sondern sollten eher als eine Chance für die bereits etablierten Versicherer gesehen werden. Nichtsdestotrotz kommt es durch die neuen InsurTechs zu einer Verschiebung der Werte und je nach Segment sind daher unterschiedliche Gewinner zu erwarten:
InsurTechs werden voraussichtlich die Gewinner in den meisten Bereichen des Versicherungsvertriebs und –betriebs sein. Im Betrieb haben InsurTechs vor allem im Schadenbereich viel Potential da dieser Bereich in Deutschland noch wenig adressiert wird. Im Vertrieb wiederrum liegt die momentane Hauptaktivität in Deutschland auf Gebieten welche nur mittleres Potential haben. Deswegen bieten die beiden Felder Versicherungsvertrieb und –betrieb große Chancen für weitere Gründungen und Finanzierungen.
Im Feld „Angebot“ haben InsurTechs mit ihren neuen digitalen Versicherungsprodukten die höchsten Erfolgschancen in Nischenbereichen und somit in den beiden Kategorien „situativ“ und „community-basiert“. Diese beiden Kategorien erfordern Innovationen und den Mut neue Modelle auszuprobieren verbunden mit neuen innovativen Mitteln der Kundeninteraktion.
Traditionelle Versicherer haben im Feld „Angebot“ die grössten Chancen bei der Platzierung von digitalen Angeboten zur Absicherung digitaler Risiken am Markt und im Low-Cost Segment. Im Vertrieb haben traditionelle Versicherer jedoch Probleme mit allen digitalen Modellen. Dies bedeutet aber nicht, dass der Vertrieb zukünftig komplett auf neue Modelle umsatteln wird, sondern ein bedeutender Marktanteil dennoch für traditionelle Vertriebe bleibt. Im Bereich Versicherungsbetrieb werden laut der Studie vor allem die Rückversicherer als potentielle Gewinner identifiziert.
Fazit und Ausblick
Obwohl der Versicherungsbranche der grösste Wandel ihrer Geschichte bevorsteht, nutzen die bereits etablierten Versicherer das Potenzial der neuen Technologien noch nicht konsequent genug. Dadurch besteht die Gefahr, dass neue Anbieter die bekannten Schwächen ausnutzen und Teile des Marktes für sich erobern können. Obwohl InsurTechs nicht grundlegend die Existenz der etablierten Versicherer gefährden, dürfen sie nicht verharmlost werden. Wie sich der Versicherungssektor jedoch langfristig entwickeln wird, ist abhängig von künftigen Kundenbedürfnissen und Marktstrukturen.
The post Zukunft von InsurTech in Deutschland appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
It’s a funny thing, #productivity. Very easy to define – producing more with less &8211; but more difficult to measure. Productivity is easier to define for a given company (revenue per employee for example), somewhat easier to compare amongst like minded companies in the same industry, more difficult to use as a metric across industries, complex when applied to #services as opposed to manufacturing industries and utterly bewildering when taking into account qualitative factors.
Productivity occurs when firms “innovate”. I use quotation marks because there are so many different ways to segment and qualify innovation. At meta level, innovation is the application of better technologies to an economic process &8211; a #technology being a technique or collection of techniques invented by man.
The narrative unfolds as such: a) we invent new technologies, then b) we innovate by applying these new technologies, and as a result c) we become more productive.
Over long periods of time this cycle benefits societies as goods and services in a given industry become better and cheaper. As an example and as a result of productivity gains, there are now less individuals engaged in food production and the cost of food in our daily budgets has plummeted. In other words agriculture has become vastly more productive.
Contrary to what many may think, the #financial services industry has always been a heavy user of technology. To name but a few, advanced telecommunications applied to financial services have facilitated cross border transactions, advanced computing has helped the securitization industry, advanced data science has helped intricate trade and investment strategies. I would therefore state that financial services firms, on the aggregate, have always been innovators.
Have they become more productive though? In absolute, or relatively speaking?
Looking at revenue per employee and operating income (OI) per employee as crude productivity metrics for 2015, Bank of America delivers $ 392k in revenue and $ 104k in OI per employee vs Facebook which clocks $ 1.24m in revenue and $ 435k in OI per employee. On the face of it, Facebook is vastly more productive than Bank of America. The comparison gets more interesting when adding Goldman Sachs with $ 1m in revenue and $ 240k in OI per employee and Visa with $ 1.23m in revenue and $ 796k in OI per employees. Obviously some financial services firms are more productive than others and rival tech giants such as Facebook. These comparisons are unfair though as the business models are vastly different. Still, firms like Visa &8211; other likes MasterCard or the CME Group come to mind &8211; are more technology-intensive companies while any bank &8211; with the exception of Goldman &8211; are less technology-intensive.
From an empirical point of view, we know a majority of consumers and entreprises are dissatisfied with their financial institutions. Quality of service as well as user experience are poor, services are slow and inefficient, products and services are costly. Even if it is difficult to gauge the qualitative and quantitative impact Wikipedia has had on our productivity, it is undeniable there has been a positive impact. Even though it is difficult to gauge the qualitative impact of the financial services industry on financial wealth and health in the aggregate, it is undeniable the impact has been in certain instances negative.
From a macro-industry point of view, Thomas Philippon, a professor of finance with NYU Stern School, recently wrote that, as per his analysis and research, the unit cost of financial intermediation had remained constant at 2% from 1886 til 2015, see here. This means that any intermediated asset has cost users 2 cents for every dollar AND has remained constant for well over a century! This is actually the greatest indictment of the financial services industry one could every come up with. Arguably, during this period the costs of many products and services in other industries have dropped while quality increased. Not so for financial services.
To be clear, financial services firms have been innovators and they have become more productive as evidenced by the massive profits the industry has experienced. Shareholders and employees have benefited. (Even after the 2008 financial crisis, financial services profits have reached record highs. The banking industry alone hit a record of $ 1 trillion in profits worldwide in 2014.) The costs of financial products and services has not decreased for the end users. Further, as profits were more than adequate, the costs of delivering products and services did not decrease either.
Innovation and productivity did occur, only for the industry itself though.
When taking into account the massive scale of the financial services industry &8211; between 15% and 17% of total GDP depending the economic cycle and the exuberance of financial markets &8211; this has to result in major challenges for any economy. The primary function of financial services is to optimally allocate capital. In other words the industry needs to help us spend money, send money, receive money, invest money, save money, insure, in the best possible way. If the process whereby all these activities is essentially &8220;rigged&8221;, economic activity suffers. There are obviously high level considerations &8211; fiscal, monetary and political &8211; when analyzing the efficiency of financial services, especially from a macro point of view. I only focus on technology, innovation and the resulting business models that can emerge once &8220;real&8221; productivity takes hold, as opposed to &8220;rent-seeking&8221; productivity.
One can argue that Venture Capital is one of the enablers of sea-changing innovation with the systemic application of new technologies. Indeed, the first wave of #fintech, emanating from the Silicon Valley and focused on backing direct to consumer models bent on competing against financial services incumbents was based on the oft successful VC/Entrepreneur strategy applied to other industries. That this first wave was not as successful as it was originally thought does not mean &8220;end-user centric&8221; productivity will not finally permeate financial services. On the contrary, it was a necessary first wave that shook the industry into action.
Whether incumbent will successfully reinvent themselves, startups will win meaningful market share or partnerships between incumbents and startups is the way of the future is opened for debate. What is not open for debate, is the unavoidable imperative towards finally lowering the marginal cost of delivering financial products or services and eventually lowering the cost of products or services (within reason as one cannot lower the cost of borrowing for example).
All the narratives unfolding under our very eyes &8211; digitization, platform as a service, chatbots, roboadvisory, alternative lending, APIs, cognitive banking or insurance, #blockchain, faster payments… &8211; are emanations of this unavoidable imperative.
I recently checked US financial services payroll on the Bureau of Labor and Statistics&8217; website. Interestingly enough the US financial services industry employed approximately 8.5m people prior to the 2008 crisis. Employment stands now at around 7.9m and is expected to grow to 8.4m by 2020. I am puzzled by this forecast as I expect financial services industry payrolls to continue to decrease in developed countries (US and Europe included) as more inefficiencies are weeded out of the system. (Facebook employs 14,500, Visa employs 11,300 while BoA employs 210,000; there is still much to do.)
No discussion about financial services productivity would be complete without mentioning regulation. Indeed, regulators can be viewed as having been complicit in the building of a rent-seeking industry. The rate of change of technology has accelerated to such a degree and consumer behaviors and expectations have changed to such an extent that financial services regulators cannot afford business as usual. Thusly the novel approach to innovation the Financial Conduct Authority has taken in the UK or the Monetary Authority of Singapore. Every regulator is now actively thinking or devising new ways of engaging the eco-system they regulate and this includes how innovation impacts these eco-systems.
The lesson here is everyone is breathing fintech, from service providers to incumbents to regulators and startups, as a vector to deliver productivity gains.
I want Thomas Philippon to run the numbers in 5 and 10 years from now, and I will be crushed if the cost of intermediating an asset will not have dropped to below 1%. How low can we go?
In 2015 and #2016, a new breed of challengers have emerged – the digitally focused challengers, such as Atom, Fidor Bank, Monzo and Starling, are continuing to grow with a number of them seeing improvements in profitability.
Image by MaximP, via Shutterstock
According to KPMG, total profits for the challengers increased by £194 million against a drop of £5.6 billion for the UK’s Big Five: HSBC, Barclays Bank, Lloyds Bank, The Royal Bank of Scotland and the UK subsidiary of Santander.
These challengers are distinguishing themselves through transparency, superior data analytics, cheaper banking services and simpler business models that provide them a cost advantage.
#Challenger #banks shouldn&8217;t be confused with neo-banks. While neo-banks offer a mobile-first banking experience in partnership with a traditional bank, challenger banks aim at becoming fully-licensed banks, creating new data-driven banking experiences and pricing models.
Today, we take a look at the world&8217;s top ten neo-banks and challenger banks.
Atom Bank is a UK digital challenger bank founded in 2014 by Metro Bank co-founder Anthony Thomson. It received a full license from the Bank of England in June 2015 and launched in full after its regulatory authorization restrictions were lifted in April 2016.
Atom Bank aims at offering mobile personal banking and savings as well as business banking, loans, and mortgages. The startup has raised over US$ 166 million in venture capital from BBVA, Toscafund Asset Management, Anthemis Group, among others.
Founded in 2011 by Brett King, Moven is a neo-bank that partners with CBW Bank on its direct-to-consumer product. Moven provides a mobile first experience platform that connects a bank&8217;s products to the end consumer experience.
Moven&8217;s app comes with a debit card and contactless payment sticker. The app provides real time spending insights that aims at motivating customers to make smarter decisions and save more. The startup has raised over US$ 24 million in funding so far.
WeBank, the online banking affiliate of Chinese Internet giant Tencent Holdings Ltd., is China&8217;s first digital challenger bank launched in early 2015. Its name comes from WeChat, Tencent&8217;s popular instant messaging and social networking app.
WeBank was the first private bank to start operations under a pilot, after the banking regulator granted licenses to six similar institutions in 2014.
Earlier this year, WeBank raised over US$ 450 million in a funding round led by US private equity firm Warburg Pincus, a deal that valued the venture at more than US$ 5 billion, according to the Wall Street Journal.
Launched in June 2015, MYbank is Alibaba and its affiliate firm Ant Financial&8217;s response to Tencent&8217;s WeBank. Similarly, MYbank is a challenger bank that provides an entirely digital banking experience.
MYbank was released two years after Alibaba, China&8217;s e-commerce giant, rolled out a personal wealth fund called Yu&8217;e&8217;bao.
MYbank was the country&8217;s second digital player to receive a banking license.
Simple, initially known as BankSimple, is an American neo-bank founded in 2009 that has partnered with Compass Bank and The Bancorp Bank for banking services.
Simple provides FDIC-insured checking accounts and is part of the STAR network for surcharge-free access to around 55,000 ATMs.
Simple was acquired by BBVA in 2014 for US$ 117 million to accelerate the bank&8217;s “digital banking expansion.”
Founded in 2013, N26, formerly known as Number26, is a German digital challenger bank aimed at revolutionizing the traditional banking industry.
In July 2016, N26 received its German banking license and simultaneously announced the extension of its financial platform as well as the addition of the bank&8217;s first investment product.
The initial N26 Invest product for German customers is offered in cooperation with Frankfurt-based startup vaamo. Customers can use N26 Invest to put their money into portfolios right from the N26 app.
N26 has raised over US$ 50 million in funding so far.
Launched in Munich in 2009, Fidor Bank is a German digital-only challenger bank that develops banking services and solutions for the digital generation. Fidor Bank launched in the UK in September 2015 having applied for a UK banking license in January 2015.
Licensed in Germany, Fidor Bank serves over 120,000 account holders and some 350,000 registered community members.
In 2014, Fidor became one of the first banks to use the Ripple internet-based payment protocol.
The bank was acquired in July 2016 by France&8217;s second largest group for banking and finance, Groupe BPCE for an undisclosed amount.
Headquartered in London, Starling is a licensed mobile-only challenger bank founded by former Allied Irish Banks COO, Anne Boden in 2014.
In July 2016, Starling received its banking license from the Financial Conduct Authority.
Starling focuses on offering a limited selection of services, centering around current accounts. The app, which hasn&8217;t launched yet, will offer alerts for smarter money management and real-time monitoring.
The venture has raised US$ 70 million in funding so far.
Monzo Bank, formerly known as Mondo, was set up in 2015 by Tom Blomfield following his exit from rival challenger Starling.
Monzo is a challenger bank based in the UK that is known for setting the record for &8220;quickest crowdfunding campaign in history&8221; when it raised £1 million in 96 seconds via the Crowdcube investment platform.
Monzo was granted a full banking license &8220;with restrictions&8221; in August.
Founded in 2013, Tandem Bank is known for being the second challenger bank to be granted a banking license in the UK in December 2015.
The company plans to offer digital services including current accounts, credit cards, and loans via its mobile app and website.
Tandem Bank hasn&8217;t launched its app and yet, the company is reportedly valued at £65 million.
The post The World&8217;s Top 10 Neo- and Challenger Banks in 2016 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
WIRED Magazine has recently published a list of Europe&8217;s 100 Hottest Startups 2016. The list consists various #startups in e-commerce, #finance, AI, App, Mobile, Recruitment, etc. from #hottest cities such as London, Paris, Stockholm, Amsterdam, Istanbul, Barcelona… Out of 100 startups, 13 startups in #Fintech and Finance have made the list.
Property Partner &8211; Property Crowdfunding & Investment
Property Partner combines residential real estate crowdfunding with a secondary exchange upon which investors can trade their holdings. The company allows anyone to invest in an individual property of their choice, with as little or as much they wish, so they can own a share, receive rental income and access capital growth. Property Partner is the trading name of London House Exchange Limited, a company that is authorised and regulated by the Financial Conduct Authority.
Osper &8211; The Prepaid Debit Card for Kids 8-18
The branchless bank offers debit cards for 8-to 18 years-olds. Children can manage spending with an accompanying smartphone app, and parents can use the app to monitor spending and transfer (or withhold) pocket money. Founded by Alick Varma in 2012, the company is backed by Horizons Ventures and an array of entrepreneurs, including Samir Desai of Funding Circle
Qapital introduces a fun, automated way of saving money for specific goals. The totally free iPhone app is designed to help anyone reach savings targets by setting goals and applying rules to automate the saving. Qapital uses “If This Then That” IFTTT triggers to create a gamified savings system for millennials. Rules can be as simple as rounding up to the nearest dollar on everyday expenses or as interesting as rewarding yourself if you do certain things
BUX &8211; Casual Stock Trading
BUX wants to make everyone a stock trader. Released in 2014, its app combines &8220;virtua-money trading and a community&8221;, according to CEO Nick Bortot. It allows potentials investors to practise with digital currency before they spend real-world fund, with alerts sent when prices start to rapidly drop. Bortot claims the app has 450,000 registered users and is available in the Netherlands, Germany, Austria and the UK. Further European expansion is planned for the 31 people team.
Moni &8211; Banking In Your Pocket
Founded by Basemotion mastermind Antti Pennanen, this fintech startup offer prepaid MasterCards so travellers can pay without charges, and a money-transfer app that allows interest-free loans between friends. Its profile soared in February #2016 when the Finnish immigration service announced it would use to make payments to some of Finland’s 50,000 refugees.
CrowdProcess is a scientific computing company that owns James, an R&D tool used by many #banks to manage risk. James helps risk officers in banks manage risk better, reduce default rates and improve origination practices, using advanced scientific computing capabilities, including machine learning and advanced optimization. The company, founded in 2011 by CEO Pedro Fonseca, Sam Hopkins, and works with hedge funds based in New York and London.
A marketing tool that provides predictive algorithms for online businesses, Insider launched in 2012 and has 90 employees in 5 countries. &8220;There are personalisation tools which allow online businesses to create special content for each users. However, there are manual and integration takes ages,&8221; says co-founder and CEO Hande Cilingir. Insider‘s tools segment audiences automatically, for a monthly fee.
AloTech &8211; A Cloud Company
For companies running a call center operation that are frustrated with the high cost, complexity and difficulty of the conventional systems, AloTech is the web based, pay-as-you-go solution running on Google, which is low cost, fast, easy, scalable and with complete enterprise functionality able to be setup anywhere in the world in 10 minutes.
Parasut &8211; Financial Management Software for SMEs
The bookkeeping cloud platform made our 2015 list and has since doubled its customer base to 2,500. &8220;We signed a partnership agreement with Akbank, one of the largest banks&8221;, says co-founder Sean Yu. &8220;We&8217;ll integrate our application directly to online banking to enable seamless syncing of transaction data, make payments for invoices and payroll in-app, provide invoice factoring, credit and loans and other products in-app.&8221;
iyzico &8211; Virtual POS Service
TPayment platform iyzico has grown significantly since 2014. In 2015, it raised $ 6.2 million and entered the $ 400 billion Iranian market. It has more than 29,000 registered merchants (up from 3,000 in 2014) and has seen a 50% increase in the average number of transactions year on year. &8220;I am aiming to get as many smart and driven people as possible together, who will help us to become the payment champion of the Orient,&8221; says Marketing Manager a da Enen.
FundBox – Fundbox: Overcome Cash Flow Gaps
Fundbox is a #technology company focusing on helping small business owners overcome occasional short-term cash flow gaps. Founded in 2013, the service uses big data analytics, engineering, and predictive modeling to help optimize cash flow for small businesses and freelancers with outstanding invoices. The company already raised $ 112.5 million from investors including Jeff Bezos and Ashton Kutcher.
By giving people the ability to exchange digital cash directly with one another Colu is creating a new way of thinking about money that encourages sustainable and equitable economic growth while supporting local businesses. Colu wants to digitalise ownership of real-world items &8211; from cars to concert tickets &8211; using the #blockchain. Founded in 2014, the company has raised $ 2.5 million in seed funding led by Aleph Venture Capital. It has partnered with Deloitte and is collaborating with Barbados-based startup to introduce a #Bitcoin-based &8220;Caribean dollar&8221;
Kantox: Currency and Risk Management Solutions
Kantox is a foreign exchange service provider, offering SMEs and mid-cap companies a comprehensive solution to their foreign exchange needs, based on transparency, efficiency and value. Their transactions reached $ 1 billion, broke the $ 3 billion barrier in April 2016. It completed an $ 11 million funding round from Partech Venture, IDinvest Partner and Cabiedes & Partners in May2015, and released new software this year which automates FX transactions and payments.
The post 13 Hottest Finance And Fintech Startups in Europe 2016 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
Meet the eight #blockchain startups that were recently accepted into storied Silicon Valley accelerator #Plug and Play’s fourth #FinTech #batch.
CoinDesk
#Bitcoin and #blockchain #technology has gotten a major boost in Switzerland as Richard Olsen, the co-founder of OANDA and a former CEO of the North American FX Brokerage, is looking to harness the power of the technology to disrupt digital currencies and assets #trading.
Lykke, Olsen’s latest venture, has just released a mobile app for Android devices, which follows its iOS counterpart released in June. The #Lykke Wallet lets users trade digital currencies and assets, and come with a number of innovative features including instant settlement, direct ownership and zero commission.
Through the app, users can track asset prices in real time, check their balances, transaction history and blockchain details for all transactions, move assets to any bitcoin wallet, deposit and withdraw bitcoins via QR codes with no fees.
“Lykke Wallet, currently in beta, aims to prove the concepts and the technology behind the new global marketplace,” Olsen said in a media release.
Signing up to Lykke is quite simple: you can use your smartphone camera to take pictures of yourself and your identification documents.
Founded in Zurich in 2015, Lykke aims at cutting out intermediaries in financial markets by allowing participants to transact in a peer-to-peer manner.
It uses a technology called ‘colored coins;&8217; tokens that represent assets. &8220;If a colored coin is hacked, the issuer can cancel the colored coin and issue a new colored coin,&8221; explained Olsen in a recent interview with Finance Magnates.
Another interesting feature is the #platform&8217;s use of multisignature (multisig) wallets, which require two signatures (one from Lykke, one from the client) to spend funds from a particular wallet.
The Lykke Exchange itself doesn&8217;t take custody of client funds but also holds one of the two needed private keys. If, for some reason, the Lykke Exchange goes down, there is a &8220;refund mechanism&8221; for the private key held by the company.
&8220;We have solved the cyber security issue that plagues bitcoin exchanges and offer restitution, which is more efficient than a depositor insurance scheme in #banks that is limited to specified amount of money,&8221; Olsen said.
Lykke is building a global marketplace where users would be able to trade all classes of financial instruments issued in the form of colored coins in order to enable direct ownership and immediate settlement on the blockchain.
In May 2016, Lykke closed a second seed funding round, welcoming new investors Marco Brockhaus and Carlo Koelzer, founding partner of 360T&8217;s Group Executive Board and member of Deutsche Börse Group Management Committee.
That same #month, the company announced the addition of Nick Szabo, a Bitcoin pioneer, into its Advisory Board.
Lykke is currently on an Initial Coin Offering (ICO) which it plans to begin in September.
&8220;Blockchain is an opportunity for all businesses – literally all businesses can embrace the technology and seize the opportunities, such as issuance of new instruments, explosive growth of transaction volumes, new types of banking, investment management and insurance products – these markets have huge potential,&8221; Olsen said.
&8220;Companies that close their eyes to the new opportunities are at risk – they will be latecomers and will have to restructure, when revenues nosedive – a bad environment to embrace new business models.&8221;
The post Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
By now, #crowdfunding is just another #investment tool — like any other, it has its benefits and disadvantages as a source of capital. But the concept of allowing for individual investors of all experience levels has proven its worth, especially as #fintech integrates with other industries: like the art world,Read More
Bank Innovation
#Kennen Sie das #Ertragspotenzial #für #Banken im #Schweizer #Firmenkundengeschäft?
Alleine im Jahr 2015 beispielsweise verzeichneten wir in der Schweiz knapp 41‘000 Neugründungen von Start up-Unternehmen. Der KMU-Markt bietet dank neuartigen digitalen Angeboten eine Vielzahl von Chancen für Ihre Bank.
Nach der fortschreitenden Digitalisierung im Privatkundengeschäft lancieren Schweizer Banken zunehmend digitale Angebote für Firmenkunden. Die Finanzinstitute versuchen dabei u.a. in Kooperation mit #FinTech-Startups bisherige Kernbankservices zu ergänzen und durch weitere Services auszubauen.
Swisscom hat wichtige Fakten zum KMU-Markt Schweiz in einer #Infografik zusammengefasst. Dabei erhalten Sie einen Überblick zum Potenzial des Segments, erfahren die konkreten Anforderungen der Firmen an eine Finanzadministration und lernen die Eckpunkte einer modernen KMU Portal-Lösung kennen.
The post Infografik: Kennen Sie das Ertragspotenzial für Banken im Schweizer Firmenkundengeschäft? appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
  Its official – #XBRL is boring &8211; just look at Google Trends for XBRL vs #Blockchain. At #Daily #Fintech, we like to dig below the hype to describe those things that are becoming important, even if the media are ignoring them today. So, today’s post describes why we have chosen such a boring subject…Read more #Introducing XBRL #Week on Daily&160;Fintech
Bank Innovation
Reply