FINTECH Insights.

When you think about Latin American countries you believe that most of FinTechs can solve the problem of financial inclusion as in other developing countries. In fact, WealthTech in Latin America is also a way to reach financial inclusion.

The speed of technology changes everything as new business models changes their views on ownership and the value of things.

With increased importance focused on digital identity blockchain can help banks, insurance and FinTech companies to manage and verify identities.

Women drive the world economy. Believe it or not, over the next decade, the impact of women on the global economy will be “at least as significant as that of China and India”.There has never been a more important time for women to get serious about understanding their finances.

RegTech itself will not prevent the next financial crisis, but using technology will make regulators better regulators.

Technology today with it’s speed, content streaming and cloud storage ability, is facilitating the construction of scalable applications by allowing us to take those front-end and back-end frameworks or ‘lego’ pieces that allow the construction of whatever the mind can imagine.

It’s only been in the last 18 months that we’ve actually agreed on the term ‘InsurTech’ having had a go with InsTech,and a minor diversion via InsureTech. It’s not just the variations on country names that makes us feel like cartographers in the middle ages, but also the large parts of the map that are still blank.

Compliance and risk management have been perceived for too long as fun-free zones. Working with a RegTech solution should be a pleasurable and motivating experience.

As firms like wealthfront.com attract assets in an ever more saturated market, the interesting question is, will they succeed in disrupting the incumbents?

Insurtech is disrupting the entire value chain and customer life cycle. ‘I want it now’ culture, increasing consumers’ needs, high competition and changing regulations force incumbents to change. Disruptive technologies offer the opportunities to redesign customer experience

Wealth Management-as-a-platform: the new business architecture, particular resources should be allocated to shaping the firm’s culture around agility and the number of potential business partners on cybersecurity

Insurers are utilizing that same data to leverage gamification, or more specifically, behavior-modification gamification

In 2016, with the foundation of FinTech Istanbul, an independent organisation supported by Interbank Card Center of Turkey, the Turkish FinTech ecosystem has started to develop and receive attention internationally.

RegTech solutions are considered as an important contribution to profitability and efficiency, while improving compliance.

In the financial industry there are a few concepts like trust, history and financial success that are valuable. It is logical then that if you do the right things and play by the rules, you may stay in business for ever. Not anymore!

4MLD will force changes in both compliance practices and company culture and technology looks like it can provide real, and much needed, assistance.

China is a global leader in B2C FinTech whose innovators also stand to overturn the traditional asset and wealth management sectors.