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Topic 6 fintech
- 1.
- 2. Fintech Fintech =Finance + Technology
- 3. What’s going on now? Source:https://www.i-scoop.eu/fintech/
- 4. Why is Fintech sopopular? Because of: Open source E.g., library Cloud computing Application programming interface (API) E.g., google maps Mobility From want to mustmust
- 5. Concepts Fintech 1.0 1990s-2000s Online banking Fintech 2.0 2015- Mobile devices & applications E.g., Mint, Money Forward, Acorns Unbundle: infrastructure + information service
- 6. Personal Financial Management PFM One-stopmanagement Additional benefits
- 7. Investment Robo-advisor E.g.,THEO (Japan), Betterment, Wealthfront
- 8. Peer to Peer Loan New type of loan in e-commerce E.g., Kiva 1% to 3% service fee Source: https://www.guideadvisor.com/stories/seizing-opportunities-alleviate-poverty-guidesgiveback/
- 9.
- 10. Crowdfunding 15%-20% servicefee E.g., Kickstarter (product or service), Anglelist (stock), Japangiving (status report)
- 11.
- 12. Payment From cashto caseless Mobile payment (e-wallet) E.g., Apple pay, Samsung pay, LINE pay Square (3.25% service fee)
- 13. Cash out(no need to find ATM) P2P money transfer E.g., Transferwise (service fee & difference of currency rate) Source: http://thewealthguy.com.au/international-overseas-money-transfers-fees-transferwise/
- 14. Insurance Insurance inFintech 2.0 DNA & lifestyle AXA life insurance (Withing Pulse) Telecommunication & Informatics Pay as you drive (distance) Pay how you drive (behavior)
- 15. Blockchain Bitcoin isbased on blockchain technology Source: https://www.weforum.org/agenda/2016/06/blockchain-explained-simply/
- 16.
- 17. The Future of Fintech Source:https://globenewswire.com/news-release/2016/04/18/829516/0/en/Banks-Struggle-to-Keep- Pace-with-FinTech-Disruption-Finds-World-Retail-Banking-Report-2016.html