Tag Archives: Fintech

How Fintech is Bridging the Big Bank Gap

Big banks have always been averse to risk.  They also tend to view small and medium-sized businesses as high-risk, choosing to restrict investment, in terms of both lending and services, for the SMB market. A 2015 credit survey by the Federal Reserve found that smaller institutions were 18 percent more likely to approve a small business loan than big banks, while SMBs ... Read More »

How Banks Can Compete Against an Army of Fintech Startups

It’s been more than 25 years since Bill Gates dismissed retail banks as “dinosaurs,” but the statement may be as true today as it was then. Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet. To the extent that banks have digitized, they have focused on the most routine customer transactions, like ... Read More »

Fintech vs techfin — technology incarnations vs finance incumbents

A bird’s eye view of the growing role that technology plays in financial transactions brings out an overt dichotomy: that between technology companies jumping into the financial domain with full vigour — fintech — and financial companies having to adapt to the technology wave — techfin.  Chris Skinner, an independent financial technology analyst, identified the difference between fintech and techfin ... Read More »