Click here to download Redeye Fintech Report 2021

 

Financial services powered by technology or shortened to Fintech is one of the most exciting areas where digitalization will affect most of the world’s population. A conservative sector with high barriers of entry due to compliance rules, a high critical mass of capital, and economics of scale. Digital distribution can reach consumers without a branch office, and other technological advances make it easier for newly founded companies to compete and disrupt traditional banks.

 

Several factors around the world drive Fintech.

• Digitalization; The evolution of the medium which most financial services consumers have accessed services have gone from the analog environment in an office, through the phone via a phone call, to the desktop, and today through the smartphone in our pocket.
• Unbanked population; 1,6 billion people worldwide have no access to financial services.
• Democratization of investing; less than a decade ago was impossible for people with small sums of money to invest in securities other than mutual funds.
• Divestment of offices; traditional banks are closing branches to centralize services through an internet channel.
• Decentralizing of the financial system; some say crypto is the revolution of the financial system, and others say it is just a big bubble that will pop. Nevertheless, it is an area with rapid adoption and potential for new financial products.
• Regulations; Both hindering and pushing the progress forward. AML and KYC are very costly for financial services providers.

 

 

Redeye has invited several companies and stakeholders within three fintech areas; Payments, Saving/Lending, and Crypto.

 

Presenters will discuss their respective companies, the markets, the technology, the regulatory landscape, and risks.

 

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