Theme: How will the financial world be affected by Fintech?
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.
Global investment in financial technology more than tripled to $4 billion in 2013 from $930 million in 2008. The nascent financial technology industry has seen rapid growth over the last few years, according to the office of the Mayor of London. Forty percent of London’s workforce is employed in financial and technology services.
In Europe, $1.5 billion was invested in financial technology companies in 2014, with London-based companies receiving $539 million, Amsterdam-based companies $306 million, and Stockholm-based companies receiving $266 million in investment. After London, Stockholm is the second highest funded city in the EU in the past 10 years.
In the Asia Pacific region, the growth will see a new financial technology hub to be opened in Sydney, Australia, in April 2015.There is already a number of strong financial technology players like Tyro Payments, Nimble, Stockspot, Pocketbook and SocietyOne in the market and the new hub will help further accelerate the growth of the sector. A financial technology innovation lab is also being launched in Hong Kong to help foster innovation in financial services using technology.
Confirmed Contributors (Name Order)
- Ambar Sur, Founder & CEO, TerraPay
- Dan Latimore, SVP, Celent
- Daniel Marovitz, COO & President, Europe, Earthport PLC
- Harold Montgomery, Chairman & CEO, MoneyOnMobile
- Jason Oxman, CEO, Electronic Transactions Association
- Munjay Singh, General Manager, Persistent Systems
- Neira Jones (Ms.), Chairman, Comcarde
- Pauline Brown, VP of US Marketing, Dataiku
- Sharath Dorbala, VP & General Manager, Mobile Financial Services, Amdocs
- Tilcia Toledo, Senior Director, FTI Consulting
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