What will the digital future of banking look like? And how do topics like retail and smart data play into it?
Smart Data: The past years were all about collecting as much data as possible (Big Data), but merely collecting it doesn’t offer much benefit. We need to collect it in the right places, be able to use it intelligently as a basis for decisions and extract value from it (Smart Data).
Connected Devices: The Internet of Things constitutes the variety of sensors and devices that are there to simplify our lives. Technologies like iBeacons and wearables enable us to harvest and analyze our own data – and the fitness tracker is only a first and small step into the world of connected devices.
Service Revolution: Digital customers are well-connected and demanding. This also manifests itself in their expectations of customer services. The shoe vendor Zappos, for example, can be called and asked for the weather forecast.
Blockchain: The blockchain is a decentralized system for administering transactions which became popular foremost by means of the cryptocurrency bitcoin. There are a lot of additional fields it plays into: e-commerce, crowdfunding/P2P lending, mobile payment, social media or platforms/APIs.
FinTech/InsuranceTech: The digital world of finance and insurances is going through a (r)evolution. New disruptive ideas in these fields will permanently change the people’s future relationship towards finance and insurances. The hackathon wants to become the platform to define this future.
Open Data: Open data is an important component of today’s digital society. We want to achieve more transparency through freely available data.
Open to anything: We’re open to anything you have to offer theme-wise. You have more interesting ideas or business cases from within the periphery of the banking sector? We’re looking forward to your participation!
As the digital currency space has evolved and matured over the past several years, U.S. regulatory agencies have, for the most part, sat back and observed – none purporting to exercise jurisdiction over the digital currency space in any meaningful way. This hesitation has stemmed from the novelty that virtual currencies pose to regulators, including the varied nature of the underlying technology and structure and an inability to squarely place them into a singular asset class. Virtual currencies, depending on their underlying framework and liquidity, possess certain features of currencies, securities, commodities, and property.Read the full interview
Alternative investments are on a tear, and no asset class has seen more growth than private equity. According to a recent study by eVestment, Assets under Administration (AUA) grew 44% from 2015 to 2016. This influx of capital has caused major ripple effects across the entire private equity landscape, with fund managers competing intensely to attract investor capital.Read the full interview
A year has passed since the UK voted for Brexit. Speculation has been rife on the potential impact that the Brexit vote, and the trigger of Article 50, could have on the London fintech landscape. Thus far London has maintained its pre-eminent position. In fact we are seeing growth of the tech hub in Croydon and further afield in the UK with growth in Bristol, Manchester and Edinburgh.Read the full interview
Investing in ICOs (Initial Coin Offerings) or functional new currencies can be extremely profitable from an investor’s perspective. For companies, it is a crowdfunding alternative that helps them raise funds for new projects. An ICO is an easy and efficient method for startups to generate capital for their new projects.Read the full interview
The insurance industry is facing tremendous change and so are the tasks of those working in this field. We talked to Sebastian Heithoff, Marketing Manager at German InsurTech startup versicherungsberatercheck.de – a platform that looks to increase the quality of insurance brokerage and consumer decision making in the digital age.Read the full interview
FinTech is currently one of the fastest growing sectors of technology. It is expected that by the year 2020, investment in FinTech companies will grow to 46 billon USD, while global investment in this sector today amounts to more than 26 billion USD (Statista). Because of their high degree of innovation, solutions originating in East-Central Europe, including Poland, are the subject of considerable interest in the branch and are represented at many international conferences. This year is no exception, and on 7-8 February at Finovate London, we will be able to see some new and interesting FinTech from Poland.Read the full interview
In the not so distant past, enterprise computing relied on monolithic applications to provide access to business functions within an organization. These applications strove to meet all operational requirements through rich and ever-growing feature sets—think ERP systems.Read the full interview
Imagine if one of the large high street banks did actually truly innovate. Imagine if banks were somehow capable of taking the innovative lead from fintech. Imagine if your own bank outdid all fintech companies in speed, service, convenience and cost for all financial services you use, for your current account, payments, foreign exchange, savings and investing, and any other services.
Would you stay with your cutting-edge bank or prefer to use four or five individual fintech companies? Most people would choose the convenient option of staying with their bank, right?Read the full interview
A common analogy to the finance sector is the newspaper industry, and rightly so. Finance is quickly shaping up to be remarkably similar. The incumbent banks are the heavyweight newspapers – the Washington Post and Financial Times of the world. FinTechs are to banks what the growing mass of alternative news sources – blogs; e-zines; new digital-only newspapers; social media, most prominently, Twitter; and the increasing relevance of corporate content marketing – is to the incumbent newspapers.Read the full interview
The FinTech revolution has become a worldwide movement in just a few years, with no sign of slowing down anytime soon. Global FinTech investments in 2015 were over double that of total investments made in 2014, indicating a surge in interest among different countries to become the FinTech capital of the world.Read the full interview
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