I realised recently that my course of opinion is rather different to several other commentators and felt it worth noting where we agree and disagree. Where I agree with most FinTech people is that: Digital replaces physical FinTech is changing banking forever Mobile is getting rid of cash You can have money without borders Where…
Ron Suber is President of Prosper, one of America’s first and largest peer-to-peer lenders. Who is the typical user of Prosper? Prosper is an online marketplace for credit that offers access to consumer loans. We focus on three types of borrowers. The first is the person who wants to consolidate high-interest debt with a loan that…
Through the years, I’ve seen a few changes in finance and technology. We’ve seen dress-down Friday move to dress-down everyday (if you’re a Fintech firm); we’ve seen borders and barriers breaking down between ethnicity and sexual preferences; and we’ve seen globalisation of activities. But the one thing we haven’t seen enough of is diversity of…
I was recently interviewed by Emerging Markets Review just before travelling to Korea in July. The interview lasted a while, but stunned me when they produced the magazine with yours truly front page and centre. Rather than saying anything more, here's the interview which you can download as a PDF if you prefer. The global…
I’ve discovered lots of lists of Fintech unicorns. The main list is from Jim Bruene; there's a nice list that is from a European's perspective by Bernard Lunn; and a UK list published by me the other day. In fact, in preparing some charts yesterday, I scraped the list of Unicorns and valuations as of last week…
It’s mid-summer and quiet, but there is some interesting stuff still happening, particularly when we talk about Unicorns. Do you believe in Unicorns? Unicorns, in technology terms, are companies with valuations of more than $1 billion that have launched since 2000. There are quite a few of them out there including Uber, Airbnb, Twitter, Whatsapp,…
I just attended a digital bank bootcamp in Singapore. It wasn’t much of a bootcamp. For example, I volunteered to play the Sergeant Major’s role and shout at the audience: “stand up, stand up, get your digital gear on and start delivering, you lazy lackadaisical wunch of bankers” … I was told that was not…
Since asking a while ago who will be the Uber of banking, I’m fed up with everyone talking about the Uber of banking. For example, two headlines caught my eye this morning: Visa Invests in Stripe to Prep for the 'Uberization' of Retail; and Will Uber be the Uber of banking? Both stories are interesting, and demonstrate the…
One of my good connections via social media is Huy Nguyen Trieu. Huy writes a regular blog at Disruptive Finance, as well as being a Managing Director for Macro Structuring at Citi. He posted something in the last week that I felt was worth re-posting here as a guest blog. The One Chart you Need to…
