FinTech Rising

Reports at the intersection of money, banking, securities, and payments with digital technologies

The Evolution of FinTech

by

FinTech Articles Week of 10/23/15
While most of FinTech conversation is focused on what’s happening next, this week we take a step back to see how FinTech has evolved, why services separating themselves from big banks is not a new concept, and when “FinTech” became the popular word in financial sector dialogue. We also present a report from Sibos 2015 and a look at an important future initiative from WC3, which oversees web standards.

The Great Rebundling of Financial Services

Think FinTech is the first to pull away from the traditional banking structure? Think again. Bradley Leimer, head innovation at Santander Bank and FinTech influencer, explains how other operations like lending, credit cards, insurance and investing have also “unbundled” themselves and how banks and FinTech startups can learn from each other.

The Evolution of FinTech: A New Post-Crisis Paradigm?

Today’s FinTech differs vastly from that of the first financial technology wave in the 1860s to 1980s, when the globalization of commerce was supported by technological innovation. Researchers from the University of Hong Kong and the University of New South Wales take a look sweeping changes in financial technology at the over time.

Six takeaways from SIBOS 2015 in Singapore

FinTech is leaving the Yellow Brick Road and going to Kansas, and the credit cycle will not save traditional lending models. Those are two of Bernard Lunn’s six takeaways from SIBOS 2015 in Singapore.

What VCs really think of banks

It’s clear—perhaps now more than ever—that venture capitalists see FinTech as the next big money maker. James Alexander, an experienced marketplace lending exec, outlines how venture capitalists are investing in payments, lending and more.

My favorite chart on the FinTech trend

FinTech, a word barely mentioned in the media prior to 2014, is hot in the media as well as with VCs. Andrew Lai, startup founder and & Big Data professional, examines the surge in the use of “FinTech” and why it suddenly is hot topic of conversation.

W3C Starts Web Payments Standards Work to Streamline the Online “Check-Out” Process

As for the future, the World Wide Web Consortium (W3C) launched its Web Payments Standards for debit, credit, escrow, bitcoin and other technologies. The checkout process can significantly differ from one company or payment method to the next, and W3C aims to design standards for such internet payment processes.