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January 30, 2018, 07:25:53 AM |
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Since the economic meltdown of 2008, a new breed of banking services was gaining more space ..
So FinTech is not new. It's been around in one form or another virtually as long as financial services has. After the global financial crisis of 2008, it has evolved to disrupt and reshape commerce, payments, investment, asset management, insurance, clearance and settlement of securities and even money itself with cryptocurrencies such as Bitcoin.
My bet is that in the near future, 2 - 3 years real banks next door will have even less customers crosing the door because they would rather prefer to make an onine research and apply online.
Facts that are already supporting fintech are well known, like:
- the growth of online shopping, many even supporting bitcoin or altcoins;
- artificial inteligence AI - wich is already taking a huge growth in niches like law, medical, research etc;
- smart contract in blockchain ...
These are obvious signs that continue to grow and while some are getting old the new generations find this stuff very interisting and take it as granted.
BitBond and Nebeus are some examples about this and the list can go on..
When do you think the switch will be made and people will more likely chose such solutions rather then normal banks?
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