Fintech

People in charge

Historically, the financial institutions have been leading the charge for innovations. The Banks, the Investment Managers, the hedgefunds. Now its the tech companies. Why?

• Access to consumer data Big Data (Private)
• Not subject to strict regulations like Financial Institutions. So they can take more risks with new tech and products and markets.

Banks

What do they do?

• Transferring Money
  • They have Deposit Accounts.
  • They provide Payment and Transfer Services (to move money between the accounts).
• Raising Money
  • They provide lending services like Personal/Business Loans, Credit Cards, etc.
  • They have Investment Banking division that help businesses to raise money from debt and equity markets by issuing bonds and stocks.
• Investing Money
  • They provide Investment Advisory services.
  • They have a Trading Department to provide brokerage and settlement services for traders.
  • They have Private Banking and Wealth Management services for rich people for a fee.

Modern Fintech: Technological innovations that improve how money and capital are transferred, raised and invested.