• Home
  • Why Attend
    • For Financial Institutions
    • For Fintech/Tech
    • For Talent
    • Our DNA
    • Contact
  • 2019 Highlights
    • Gallery
    • TOP 400+ FIs
    • Speakers
    • Festival Guide
      • 2019 Agenda
      • Download
      • Live Music
      • Craft Beer
      • Welcome Stage
      • Fintech Stories Stage
      • Strategy Stage
      • Build Stage
      • AITECHTalents – Discovery Day
      • RegTECHTalents – Discovery Day
    • Fintech Stories
    • Secret Shopper
  • Steer Co.
  • Partners
  • Prospectus
  • Insight
    • Awesome Stuff
    • FinTech Of The Week
    • Video Interviews
    • Video Testimonials
    • The Platform
    • Subscribe
  • Get Involved
  • Register

Fintech Talents

Fintech Talents

Kallyas is an ultra-premium, responsive theme built for today websites.

T (212) 555 55 00
Email: sales@yourwebsite.com

Your Company LTD
Street nr 100, 4536534, Chicago, US

  • Home
  • Why Attend
    • For Financial Institutions
    • For Fintech/Tech
    • For Talent
    • Our DNA
    • Contact
  • 2019 Highlights
    • Gallery
    • TOP 400+ FIs
    • Speakers
    • Festival Guide
      • 2019 Agenda
      • Download
      • Live Music
      • Craft Beer
      • Welcome Stage
      • Fintech Stories Stage
      • Strategy Stage
      • Build Stage
      • AITECHTalents – Discovery Day
      • RegTECHTalents – Discovery Day
    • Fintech Stories
    • Secret Shopper
  • Steer Co.
  • Partners
  • Prospectus
  • Insight
    • Awesome Stuff
    • FinTech Of The Week
    • Video Interviews
    • Video Testimonials
    • The Platform
    • Subscribe
  • Get Involved
  • Register

Content

STAY TUNED
  • Tweet
  • Share 0
  • Reddit
  • +1
  • Pocket
  • LinkedIn 0

You need your ‘Tech’ in your ‘Fin’ (even if you don’t have to say it) Our community has spoken

by Liz Lumley / Wednesday 29 May 2019 / Published in AI/Machine Learning, Blockchain, Customer Experience, Cyber security, Featured, Fintech, FinTECHTalents, Fun, Innovation, Payments, RegTech, Start-ups

There is some debate over when the word ‘FinTech’ first came into use. I remember it being used in my New York office in the mid 1990s as a shortened, pre-hashtag, version of Financial Technology, there is evidence of a Sunday Times column from Peter Ridder that was called ‘FinTech’ in the mid 1980s, and my good friend Ali Paterson claims that FinTech was first recorded being used as early as the 1970s. However, FinTech came into popular use following the explosion of new entrants into the financial services market post the crash of 2008.

But has the term ‘FinTech’ we know and love, come to the end of its life cycle – FinTech as a word, or a verb or as a description?  At our FinTECH4Life event Vica Manos, managing director at Anthemis Group commented that they do not use the term ‘FinTech’ inside their venture capital operation. “We say Financial Services and the tech is assumed,” she said.

This prompted me to send out a wee survey to find out what our community thinks. And you guys responded. Here are the results:

 

 

  • “For me it means democracy in banking and finance.”
  • “10x Revenues instead of 10x P/E Ratio :-)”
  • “FinTech is a label applied to new entrants which in reality also covers existing companies. It’s the use of technology to improve banking from apps to AI.”
  • “Technology in Financial Services industry”
  • “For me, it’s a response to what happened in 2008 and birthed by movements like Occupy. If the industry is broken (and just look at the fines we are still seeing!!) then it needs a catalyst to change. Regulation is not the only answer, it doesn’t form character, and still now we are seeing the unintended consequences in areas like de-risking in emerging market finance and the collapse of correspondent banking in those areas. Fintech is a disruptive mindset with a desire to make things better, more inclusive, fairer, it’s an agility, and a social conscience which we have all but lost elsewhere in the industry. (Apologies for the rant:-))”
  • “Financial plus Technology. Simples”
  • “The end of bank as a noun and the growth of banking as a verb”
  • “Just another self serving buzzword that adds little and serves to exclude others creating a largely undeserved premium and cachet.”
  • “Startups in financial tech”
  • “Using technology in financial services which basically powers…everything. But ideally using technology in new and different ways vs before.”
  • “Shorthand for innovation / disruption”
  • “FinTech is the hope of using technology to build a better, more robust and resilient financial ecosystem. Whether that is directly through to consumers with PFMs, or building out trading algorithms (and corresponding algorithms to monitor and regulate risky trades), its all FinTech. And it SHOULD be done for good and for the better. In practice, not always the case but we can hope!”
  • “An approach to solving financial issues – new services, new approaches to old products, through the application of technology.”
  • “Using technology in financial services – to improve existing operations / processes, or to create something new. (But it’s not something new! It’s been around for a while…and it’s not just confined to startups.)”
  • Tweet
  • Share 0
  • Reddit
  • +1
  • Pocket
  • LinkedIn 0

Tagged under: Splash, survey

Recent Posts

  • Names, nostalgia and FinTech – FTT Bookmark Issue 5

    Whether you live by your Twitter lists, save yo...
  • The journey to open collaboration – FTT Chat ep 47

    Christophe Langlois, Global Marketing Lead, Fin...
  • A vision for digital ID in a post-pandemic world

    The pandemic has accelerated the trend for serv...
  • Advice to FinTechs: Find your business sponsor

    Navigating big organisations can be a daunting ...
  • Will the GameStop controversy lead to a new wave of regulations?

    The call for regulation is growing louder this ...

Insights, interviews & interesting stuff

SIGN UP

Learn more about our community & events

LEARN MORE

FTT21 - the ultimate FinTech Festival

GET INVOLVED
  • Tweet
  • Share 0
  • Reddit
  • +1
  • Pocket
  • LinkedIn 0

  • Home
  • Virtual Experiences
    • FTT Identity 2021
    • FTT Lending 3.0 2021
    • FTT Digital Builder 2021
    • Fintech Talents North America 2021
    • Fintech Talents UK & EU 2021
    • FTT Building Societies 2021
    • Fintech Talents Nordics 2021
    • FTT Open Finance 2021
  • Hybrid Festivals
    • Fintech Talents London 2021
  • On-demand Content
    • Interviews
    • Opinion
    • Videos
    • Digital reports
  • VC INNOVATIONS – Accelerated Marketing
  • facebook
  • linkedin
  • youtube
  • twitter

GET IN TOUCH

T 0208 0045 517
Email: info@vcinnovations.co.uk

VC INNOVATIONS
21 Bloomsbury Square, London, WC1A 2NS

Open in Google Maps

QUICK LINKS

  • Home
  • Partners
  • About
  • Insight
  • Contact Us
  • Register

Connect with us

  • facebook
  • linkedin
  • youtube
  • twitter

RECENT POSTS

  • Names, nostalgia and FinTech – FTT Bookmark Issue 5

    Whether you live by your Twitter lists, save yo...
  • The journey to open collaboration – FTT Chat ep 47

    Christophe Langlois, Global Marketing Lead, Fin...
  • A vision for digital ID in a post-pandemic world

    The pandemic has accelerated the trend for serv...
  • Privacy Policy
Fintech Talents

© FinTECHTalents 2021. All Rights Reserved.



TOP









This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button. Read our Privacy Policy.