- published: 07 May 2016
- views: 1944
Financial technology, also known as FinTech, is a line of business based on using software to provide financial services. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.
The National Digital Research Centre in Dublin, Ireland, defines financial technology as "innovation in financial services", adding that "the term has started to be used for broader applications of technology in the space – to front-end consumer products, to new entrants competing with existing players, and even to new paradigms such as Bitcoin".
FinTech refers to new solutions which demonstrate an incremental or radical / disruptive innovation development of applications, processes, products or business models in the financial services industry. These solutions can be differentiated in at least five areas.
A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.
Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.
Technology ("science of craft", from Greek τέχνη, techne, "art, skill, cunning of hand"; and -λογία, -logia) is the collection of techniques, skills, methods and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. Technology can be the knowledge of techniques, processes, etc. or it can be embedded in machines, computers, devices and factories, which can be operated by individuals without detailed knowledge of the workings of such things.
The human species' use of technology began with the conversion of natural resources into simple tools. The prehistoric discovery of how to control fire and the later Neolithic Revolution increased the available sources of food and the invention of the wheel helped humans to travel in and control their environment. Developments in historic times, including the printing press, the telephone, and the Internet, have lessened physical barriers to communication and allowed humans to interact freely on a global scale. The steady progress of military technology has brought weapons of ever-increasing destructive power, from clubs to nuclear weapons.
Singularity University is a California Benefit Corporation part university, part think-tank, part business-incubator located in Silicon Valley whose stated aim is to "educate, inspire and empower leaders to apply exponential technologies to address humanity’s grand challenges." It was founded in 2008 by Peter Diamandis and Ray Kurzweil in NASA Research Park, CA.
Singularity University began with an annual 10-week supplemental summer program and has since grown to an innovation pipeline with conference series, an array of classes, an incubation lab for startups and corporate teams, and a global alumni network.
Singularity University aims to develop a global network of innovation ecosystems alongside a coalition of entrepreneurs, business leaders, universities, government agencies and nonprofits. The institution taps into a community of scientists, thinkers, engineers, investors, business leaders, and public policy makers who explore the potential of advancing technologies to take on humanity’s challenges, such as water scarcity and energy consumption.
The future is the time after the present.
Future or The Future may also refer to:
HOW THE FUTURE WILL FINANCIAL TECHNOLOGY IMPACT YOUR BUSINESS?
The Future of Finance | Imperial College Business School Conference 2018
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The 5 Possibilities of Financial Technology | The Future of Finance | Singularity University
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2017 AARP Innovation@50+ LivePitch: True Link Startup Pitch (Financial Technology)
Dr Andrei Kirilenko, Director of the Centre for Global Finance and Technology, explains how financial technology (fintech) is the key future trend in finance and how Imperial College Business School is well placed to play an important role in this financial ‘revolution’.
The Future of Finance is Imperial College Business School’s third annual conference. This exclusive event will explore future global challenges and opportunities in the finance sector, and their likely effect on policy and practice. Agenda 9.30 - Welcome 9.45 - Keynote: Professor Muhammad Yunus, Nobel Laureate 10.15 - Session 1: Finance, inequality and development 10.15 - Panel Discussion (Rui Barros, Ralph De Haaas and Claudia Custodio) 11.10 - Session 2: The financial economist view of current macro events 11.10 - Alex Brazier, Executive Director, Bank of England 11.40 - Panel Discussion (Megan Butler, Thomas F. Huertas and David Miles) 13.15 - Afternoon Keynote: António Horta Osório, CEO Lloyds Banking Group 13.45 - Session 3: fintech, cryptocurrencies and cybersecurity 13.45 - ...
Bloomberg TV brings you the latest in business, markets, U.S. and global news. C-suite executives and our in-house experts provide in-depth analysis on geopolitical events, the latest economic data, market moves, the U.S. presidential campaign, Brexit, international politics (and more.) Watch Bloomberg on http://www.bloomberg.com, on the Bloomberg Mobile App for iOS and Android, Bloomberg App for Apple TV, Roku, Samsung, Amazon Fire and Google. Connect with us on... Twitter: https://twitter.com/bloombergtv Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv
While FinTech is revolutionizing the banking industry and giving millions of people access to financial services for the first time, new banking models are emerging with FinTech start-ups and tech firms potentially disrupting the status quo. But business schools and universities are not preparing future bankers for these changes, says FinTech thought leader Henri Arslanian. How can designers, programmers and creative thinkers help? Henri Arslanian started his career as a financial markets and funds lawyer in Canada and Hong Kong, after which he spent many years with UBS Investment Bank in Hong Kong. In recent years, he has been teaching graduate courses on Entrepreneurship in Finance at Hong Kong University as an Adjunct Associate Professor, and currently leads the first FinTech course in...
Deloitte Advisory’s Financial Technology software solutions provide business-ready, highly configurable software that allows you to benefit from our industry knowledge and deep experience in financial technology solutions accumulated over decades of implementing advanced, flexible, purpose-built software solutions.
Innovations in financial technology, both from within and outside the financial industry, promise to revolutionize the money management business. What are the opportunities, and what risks are posed by the growing digitization of trading? If automated, algorithm-driven services are able to effectively invest large amounts of capital, will human managers retain any edge, or will they be made obsolete? Can technology enable managers and institutional investors to work together more efficiently, and how do they collaborate with tech companies to mitigate risk and enhance performance? Our panel of experts will address the technology transformation and how it impacts their business. Moderator Ted Lee, Senior Portfolio Manager, Canada Pension Plan Investment Board Speakers Michael DeAddio, Chi...
World-class technology is often the key to making your business better, however you choose to define it. Watch this video to understand more about equipment and technology finance from Siemens. https://www.siemens.com/global/en/home/products/financing/equipment-and-technology-finance.html
Tanzania today has 40 licensed banks but only 15% of the population are subscribed to this banks whilst the number users subscribed to mobile banking is 60.4 million and active users 19.5 million as of June 2016. The volume of mobile banking transactions in Tanzania is 4.4 million so far with a value of 194.2 million tshs.
Access to financial services is vital to global development, making it easier to invest in health, education, and business. Accounts with a bank or mobile money service help families manage economic emergencies that can push them into poverty. According to the 2017 Global Findex database, financial inclusion is on the rise globally, but progress is uneven and 1.7 billion adults remain unbanked. The data also show that mobile phones and the internet are opening up access to financial services for millions of people for the first time, and the transformative power of fintech could bring financial services to millions more. Design and animation by Loaded Pictures (http://www.loadedpictures.com)
Financial technology is making waves in the world of business. Companies that adapt to new technology and innovation are reaping the benefits while others are left behind. Now it is up to existing big businesses to shape up or ship out. For more News visit: http://www.sabc.co.za/news
Larry Hatheway is the chief economist and head of investment solutions at GAM. In this interview with Business Insider's Sara Silverstein, Hatheway talks about what's going on with tech right now and what it will take for things to turn around. Business Insider tells you all you need to know about business, finance, tech, science, retail, and more. Subscribe to our channel and visit us at: http://www.businessinsider.com/ BI on Facebook: https://www.facebook.com/businessinsider/ BI on Instagram: https://www.instagram.com/businessinsider/ BI on Twitter: https://twitter.com/businessinsider -------------------------------------------------- Following is a transcript of the video: Sara Silverstein: What do you think it will take for tech investors to regain the optimism that they had before...
http://www.weforum.org/
Our technology editor, David Grossman reports on how technology is changing the world of finance. Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews. Website: www.bbc.co.uk/newsnight YouTube: https://www.youtube.com/user/BBCNewsnight Twitter: https://twitter.com/BBCNewsnight Facebook: https://www.facebook.com/bbcnewsnight Snapchat: https://www.snapchat.com/add/bbcnewsnight
Jesse McWaters on Financial Technology. Subscribe: http://bit.ly/1Wq6gwm Connect with Singularity University: Website: http://singularityu.org Singularity HUB:http://singularityhub.com Facebook: https://www.facebook.com/singularityu Twitter: https://twitter.com/singularityu Linkedin: https://www.linkedin.com/company/singularity-university Google+: https://plus.google.com/+singularityu About Singularity University: Singularity University is a benefit corporation headquartered at NASA’s research campus in Silicon Valley. We provide educational programs, innovative partnerships and a startup accelerator to help individuals, businesses, institutions, investors, NGOs and governments understand cutting-edge technologies, and how to utilize these technologies to positively impact billions of p...
Fintech is the new and fast growing technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. Mark Wren, Cloudstaff’s Corporate Director talks about certain issues facing Fintech and also shares his thoughts how can Fintech companies can become successful by partnering with Cloudstaff, the number one BPO company located in the Philippines. ------------------------------------------------------------------------ CONTACTS: Website - https://cloudstaff.com Email - sales@cloudstaff.com Call - +61 7 3193 9000 Follow our pages for more information about our content creation services: Linkedin - http://www.linkedin.com/company/cloudstaff Facebook - https://www.facebook.com/Cloudstaff Twitter - https://twitter.com/Cloud_Staff In...
The technology landscape is evolving rapidly and emerging technologies introduce many unknown variables. In this session we heard about the latest and most impacting technology trends shaping the financial industry.
Subscribe on YouTube: http://bit.ly/lbsyoutube Follow on Twitter: http://twitter.com/lbs Thomas Philippon, Professor of Finance, Stern School of Business, critiqued the finance sector at a Leading Minds event. He discusses how financiers have not taken advantage of technological gains to bring productivity gains to the finance industry and cost savings to customers. Learn more: http://goo.gl/d2KSGr About the Leading Minds event series: The Leading Minds event series brings together academic thinkers along with policy makers and expert practitioners to breathe life into imperative insights and ideas. The overarching theme for 2014 and 2015: Inequality. Learn more: http://goo.gl/bh0fKZ About the speaker: Thomas Philippon is Professor of Finance at the Stern School of Business, New Y...
"Customers want banks to understand who they are, what their buying patterns are, and what credit ratings they have. A single view of customers means that they do not have to complete reams of forms every time they apply for a service. It’s about making it easy to do business with the bank, and this is something that non-traditional financial services providers are doing all too well.” Telkom produces a number of White Papers relevant to many aspects of the South African business landscape. Our focus here is on Technology in Financial Services: Considerations and Trends for the Banking and Insurance Sector. You can find in depth discussion and opinion from industry leaders at our FutureBusiness online magazine: http://futurebusiness.telkom.co.za/. For all the White Papers with related art...
http://bit.ly/1eHP9yx Many companies are using single point "technology solutions" to solve business process challenges, but are they working? Infrastructure represents a big number. But there's a bigger number found throughout a company's P&L. Buying solutions to fix problems can often create new problems. How can businesses get out of this vicious cycle? If you view your P&L as a scorecard, watch this video to see how ADP can help make a greater financial impact on your bottom line. To learn more about how ADP can provide your businesses greater insight, intelligence, and options to bring the results you want from your P&L, please contact your ADP representative.
Animated graphic videos work brilliantly for Fin-tech companies or anyone who has a complex technology or services that needs explaining
With Xerillion's specialization in the financial services industry such as private equality and wealth mangement firms, Wayne talks about a few key ways he sees that businesses can modernize their technology capabilities to drive efficiency in their teams - particulary around big spreadsheets and in-person meetings.
To achieve the various goals of an organization, the organization requires finance and an authority to control the same. The large amount of finance cannot be handled solely with the help of the personnel's but a technology is required to deal with the finance of the company. The technology that is easy to understand and adapt, the technology that can be flexible enough towards the modification that can be attracted in near future. Fintech require the most important aspects that cover every area of finance from costing to investment.
Watch the LivePitch presentation from True Link, one of the 10 Financial Technology finalist companies who presented their business focus on stage in a rapid 3 minute presentation to a panel of industry expert judges.
Innovations in financial technology, both from within and outside the financial industry, promise to revolutionize the money management business. What are the opportunities, and what risks are posed by the growing digitization of trading? If automated, algorithm-driven services are able to effectively invest large amounts of capital, will human managers retain any edge, or will they be made obsolete? Can technology enable managers and institutional investors to work together more efficiently, and how do they collaborate with tech companies to mitigate risk and enhance performance? Our panel of experts will address the technology transformation and how it impacts their business. Moderator Ted Lee, Senior Portfolio Manager, Canada Pension Plan Investment Board Speakers Michael DeAddio, Chi...
The Future of Finance is Imperial College Business School’s third annual conference. This exclusive event will explore future global challenges and opportunities in the finance sector, and their likely effect on policy and practice. Agenda 9.30 - Welcome 9.45 - Keynote: Professor Muhammad Yunus, Nobel Laureate 10.15 - Session 1: Finance, inequality and development 10.15 - Panel Discussion (Rui Barros, Ralph De Haaas and Claudia Custodio) 11.10 - Session 2: The financial economist view of current macro events 11.10 - Alex Brazier, Executive Director, Bank of England 11.40 - Panel Discussion (Megan Butler, Thomas F. Huertas and David Miles) 13.15 - Afternoon Keynote: António Horta Osório, CEO Lloyds Banking Group 13.45 - Session 3: fintech, cryptocurrencies and cybersecurity 13.45 - ...
The technology landscape is evolving rapidly and emerging technologies introduce many unknown variables. In this session we heard about the latest and most impacting technology trends shaping the financial industry.
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour. WILLIAM ACKMAN, Activist Investor and Hedge-Fund Manager We all want to be financially stable and enjoy a well-funded retirement, and we don't want to throw out our hard earned money on poor investments. But most of us don't know the first thing about finance and investing. Acclaimed value investor William Ackman teaches you what it takes to finance and grow a successful business and how to make sound investments that will get you to a cash-comfy retirement. The Floating University Originally released September 2011. Additional Lectures: Michio Kaku: The Universe in a Nutshell http://www.youtube.com/watch?v=0NbBjNiw4tk Joel Cohen: An Introduction to Demography (Malthus Miffed: Are People the Pro...
Financial Markets (2011) (ECON 252) In the beginning of the lecture, Professor Shiller reviews the probability theory concepts from the last class and extends these concepts by the central limit theorem. Afterwards, he turns his attention toward the role of financial technology and financial invention within society, in particular with regard to the management of big and important risks. He proceeds along the lines of a "framing" theme, referring to the context and the associations of inventions, and along the lines of a "device" theme, emphasizing the creation of complicated structures set up for a certain purpose, which require learning over time to be improved. His coverage of financial inventions spans limited liability for corporations and the framework of Township and Village Enterp...
Technology trends that will transform finance: David Rowan keynote to Reiknistofa Bankanna (RB), Iceland, October 2014
Moderator Larry Tabb, Founder and CEO, TABB Group Speakers Corrie Elston, Chief Technology Officer, Financial Services, Google Cloud Platform Adena Friedman, President and Chief Operating Officer, Nasdaq Daniel Nadler, Founder and CEO, Kensho David M. Siegel, Co-Chairman, Two Sigma Innovations in financial technology, both from within and beyond the financial services industry, are unleashing a wave of change that promises to transform every aspect of financial services. To compete, financial services providers need to move quickly and decisively to adopt new technologies and possibly change their business models -- or lose out to savvier peers or new, digital disruptors. What are the opportunities and risks, and do the benefits outweigh the costs? Can regulation keep pace with the speed...
Financial Theory (ECON 251) This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well. 00:00 - Chapter 1. Course Introduction 10:16 - Chapter 2. Collateral in the ...
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http://www.techgig.com/expert-speak/Innovation-in-Financial-Technology-138 Innovate or perish. That is the only way forward for enterprises. Innovation has become an essential ingredient for modern business and this is particularly true for the Banking, Financial Services and Insurance industry sectors. Banking has led the way in the past through online banking, ATMs, international money transfers and more recently mobile banking facilities. In this webinar, these points will be discussed: What to buy, build and outsource? How to Leverage technology within and outside the enterprise? How to Use architecture as a tool to ensure that IT delivers business outcomes? How to Leverage technology within and outside the enterprise? In response to fresh market demands and many other drivers, IT (...
2016 Global Services Summit Panel "Financial Services and Cloud Technology" What is the importance of cloud technology in financial services? Many services sectors have incorporated cloud technology in their business models. However, the financial services sector has lagged behind. This panel will discuss why acceptance of cloud has lagged behind and what the future holds. Moderator: Steve Stewart, Director Market Access & Trade, IBM Dr. Vijay K. Bhuvanagiri, Sr. Vice President, Enterprise Architecture, MasterCard Operations & Technology Stephen Ezell, Vice President Global Innovation Policy, Information Technology and Innovation Foundation (ITIF)
This webinar is for small businesses interested in learning more about Motors & Drives - ensure your business understands the opportunity, can build a robust business case and secure the finance to implement the project. This webinar was recorded on Tuesday 17 April 2018
Prof Darrell Duffie of the Graduate School of Business (GSB) at Stanford University gives an overview of the impact of financial reforms post-2008 crisis. Covering: -Liquidity in corporate bond markets (0:05) -Market structure versus technology and all-to-all bond trading platforms (2:53) - Is liquidity/maturity transformation a cause for concern to regulators? (5:06) - ETF and Mutual funds liquidity concerns (5:50) - Counter-cyclical capital buffers to safeguard the banking system and provide liquidity during times of crisis (7:35) - The Supplementary Leverage Ratio (SLR) pitfalls (10:47) - Alternative to SLR (12:48) - Regulation impact on fixed income market liquidity (17:09) - What happens to 100s of trillions of dollars in swaps referencing when LIBOR and EURIBOR disappear? (18:50) -...
Moderator: Andrew W. Lo, Harris vesves Harris Group Professor, MIT Sloan School of Management Panel: John C. Cox, Nomura Professor of Finance, MIT Sloan School of Management,Robert C. Merton PhD. Deloitte Advisorys Financial Technology software solutions provide business-ready, highly configurable software that allows you to benefit from our industry knowledge and deep experience. Robert C. Merton PhD 70, School of Management Distinguished Professor of Finance, MIT Sloan School of Management.
The speakers of our panel: Helen Altshuler: Engineer leader at Google where she is responsible for a program in Google Cloud, and an Open Source platform called Bazel. She is also a Board Advisor at SafeChain, a technology service provider for title service offices, mortgage bankers, and realtors. Shawn Melamed: Managing Director - Global Head of Technology Business Development & Innovation at Morgan Stanley. He was the founder of two technology start-ups: Correlix, Inc. and Strike Technologies, LLC. providing high-end financial technology solutions. Eileen Lowry - Program Director, IBM Blockchain Labs & Garage, North America. She is responsible for accelerating the adoption of IBM Blockchain and helping clients make blockchain real for their business networks. Shal Chowdhury: Vice Pre...
FinTech--the rapid evolution of software-based financial services--is remaking Asia's banking industry, as in the rest of the world. The success of startups focused on innovations such as digital payment systems and peer-to-peer lending promises more value for individuals and businesses as financial services are delivered more efficiently, at lower cost and in a way that targets customers' specific needs. In the face of this digital disruption, traditional service providers must learn how to adapt. This panel of Asia's leading voices in financial services and technology will share their views on the rise of FinTech and its implications. How can traditional banking institutions profitably transform their legacy processes? What kind of cross-industry partnerships can ensure the health of thi...
Even after 20+ years of building centralized, scalable information architecture, most organizations struggle to convert data into information quickly enough to make better decisions. The problem? The goals, priorities and methods of technology management professionals don’t match those of the business users they should ideally serve. Guest speaker Boris Evelson, VP and principal analyst serving application development and delivery professionals at Forrester Research, Inc., will focus on how to build an innovative action plan that gets both technology management and business professionals aligned in order to win, serve and retain customers. Matt Montgomery, industry manager for Perceptive Software, will explore intelligent data capture and extraction technologies that enable enterprises t...
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Video & Slides: http://www.proformative.com/events/leveraging-cloud-technology-create-strategic-alignment-finance-sales-operations?pf_source=youtube No financial system can effectively operate in a vacuum. Other business systems need two-way communication with your accounting software to share financial and operational data. Best-in-class integration makes it easy to connect seamlessly and cost-effectively with the applications your business uses today—as well as any applications you will want to use tomorrow. This best-in-class integration approach drives business success by delivering technology that enables and empowers change as opposed to dictating business practices. Join us to discover how Intacct, a leader in cloud financial management and accounting applications, uses open web se...