Due to the rapid growth in innovation and immediacy of information technology has become a major cause for change in the financial sector. This area of change is now referred to as FinTech the joining of financial capabilities with technology.
There are now many FinTech start-up companies being formed aiming to deliver solutions that drive significant changes and recognised as disruption based on a variety of solutions and services.
A report by Accenture and the Partnership Fund for New York City, “The Rise of FinTech – New York’s Opportunity for Tech Leadership”, indicates that global investment in FinTech ventures has tripled from around $1 billion in 2008 to nearly $3 billion in 2013. This growth reflects a future of innovation, growth and disruption.
We are really at a first wave of FinTech disruptive solutions and read this months issues to a list of services where need and demand are being identified.
FinTech the Future of Finance