Is FinTech the Next Big Thing or a Flavour of the Season?

Decoding the wildly exciting collaboration between Finance and Technology 

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“Fintech is changing the finance sector just like the Internet changed the written press and the music industries. In what is a stagnant sector monopolized by banks, finance is ripe for innovation and fintech is unquestionably the catalyst needed for change.” – Philippe Gelis

Overview

Fintech represents a novel cohort of progressive enterprises that leverage cutting edge technology to deliver financial products and solutions that are far more agile and seamless compared to conventional services provided by traditional financial institutions. It is, in essence, a new generation of specialized firms backed by disruptive technologies such as behavioral and transactional analytics, machine learning, blockchain, biometrics, cloud and mobile that enables, compete and collaborate with market participants to re-engineer the age-old processes, operating model and infrastructure ultimately transforming the end user experience. Continue reading “Is FinTech the Next Big Thing or a Flavour of the Season?”