Like most of you today, I spend a lot of time reading about Fintech. You can get massive amounts of news reports and companies talking about fintech, saying that they’re part of it. But what does “Fintech” really mean?
Fintech is not new, but it has been given a facelift. Most would say that financial technology (or FinTech) has been around for a long time, and they’re correct. It isn’t new per se, but it is evolving faster now than ever, and changing how business is done. What makes fintech so disruptive that it’s affecting all the institutional pillars in one strike. The pillars (Banking, Capital Markets, Private Equity, Insurance, Legal, Regulatory), all of which are long standing institutional pillars in our business society that had been static – and stagnant– for too long.
Read full Article https://koreconx.com/blog/en/blog/fintech-the-new-world-order/