Over the last years FinTech has definitely become one of the hottest topics in the finance and tech startup scene. It is fair to say that this will continue in 2016.
How did all that happen? For some reasons entrepreneurs now see a chance to get a slice of the huge the financial market cake. That market so far had the tag “untouchable”. Like in the gold rush, entrepreneurs now suddenly get motivated by the chance of making “millions” with whatever kind of a “fintech-concept”. Those “millions” of course are supposed to come from an anticipated exit-scenario. To get there, investors need to bet on concepts, teams and market-developments. Some entrerpeneurs and their investors will make it. But I think we all agree: The majority will fail.
That value-chain delivers us the needed stakeholders and parts to have a deeper look into that development and process:
- The digital challenge
- The entrepreneur
- The investor
- The banks
- The non-bank players
- The regulators
- and finaly most exciting: the customers.
All that gives me good reason to spend some time thinking about that development trying to analyze what has happened over the past years and trying to predict a little what we will or need to see in 2016.
This I will share with you in a small series over the next days. As this is a very personal and individual view and I am definitly not have something like the “absolute and only truth”, it would be great and exciting to start some discussion out of that.