1) There is a fundamental strategic contradiction between technology and finance
2) Market realities encourage short-term thinking
3) Incumbents in the market are powerful and resistant to change
The first stream creates a whole new financial structure, with crowdfunding as a great example.
The second stream of fintech is removing friction from financial markets. A good example of this category is Stripe, which allows merchants to set up their checkout systems in minutes through a simple API
The third stream of fintech firms are focused upon reducing costs and overcoming inefficiencies within banks.
Less disruption and more enhancement
collaboration between banks and fintech companies
More investing in the rest of us
Main Street alternatives
small business leading market is estimated 186 billion dollar
Increased emphasis on security
Intuitive personal assistants