With a world built on innovation, fintech companies continue to send shock waves through the finance industry.
Fintech (financial technology) is changing the financial services industry and creating new challenges and opportunities for advisors and clients.
The banking, asset management, financial planning, and insurance industries are experiencing the advent and proliferation of innovative technologies that streamline processes once performed by back office personnel.
Furthermore, the implementation of Blockchain use by fintech companies brings the opportunity of a relevant financial service to the two billion individuals globally who are unbanked. Therefore, fintech can be a power for good, both for increasing the user-friendliness of financial services and for bringing financially excluded individuals around the world into the financial system.
Fintech companies are changing the world but what will be the exact impact of those new financial institution and how corporate finance companies are reacting to those new players?