September 15, 2017 Comments Off on Fintech Disrupts Finance Business Views: 594 Connect Classroom

Fintech Disrupts Finance Business

Financial technology start-ups are getting set to shake up the financial world.

Investors see the opportunity and are putting more money into financial technology companies. Global fintech funding totaled $19 billion in 2015 and had already reached $15 billion by mid-August 2016, according to Business Insider.

“These new players have the potential to become the next Visa, Paypal or Charles Schwab”, according to a recent report from Business Insider.

Financial technology start-ups include:

– Online-only banks, versus traditional retail banks
– Peer-to-peer marketplaces, versus traditional lenders
– Robo-advisors, versus traditional asset managers

Established financial firms are adapting by engaging with technology themselves — sometimes by partnering with “fintech” start-ups.

Read More at Business Insider

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