Fintech

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Last quote about Fintech

Norman Chan
Hong Kong and Singapore are the two leading international financial centers in the region and are actively deploying fintech. Collaboration between the HKMA and MAS (Monetary Authority of Singapore) will create significant synergy for the development of fintech and more efficient fund flows between the two markets.feedback
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Oct 25 2017
Fintech has been commented on by 158 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about Fintech are: Becky Downing, Mark Carney and Alan Lockhart. For instance, the most recent quote from Becky Downing is: “The challenge once you've had the original idea is how you can then develop it and enter new and different markets in the future. After that, It is a matter of getting through the daily grit and grind of executing your plans and growing a fintech – or indeed any other firm. It's not easy.”.
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All quotes about Fintech

Kairat Kelimbetov

Blockchain and cryptocurrencies are entering the mainstream of today's economic reality. Astana's leading financial regulators have already commenced their work and are laying the foundation for Kazakhstan's fintech-ecosystem. We believe that the AIFC can become an international hub for blockchain operations and the development of the digital assets market is our key priority in the near future.feedback

Sanchit Vir Gogia - Greyhound Research

At the time of launch (of PayPal's incubator), the disconnect was apparent and there was a dire need of mentorship, tech infrastructure, network, and global learnings to help take fintech startups to the next level of maturity.feedback

Matt Kane

With WePay, Chase is taking the work out of payments for both our business clients and the software providers who serve them. We are powering payments for growth, so businesses can accept payments instantly, get paid faster, and never lose a sale. And we'll give ISVs a payment facilitator-like experience without the overhead or increased fraud risk.feedback

Karen Mills

If you look at the small business hierarchy needs, they need access to cash, funds, they need time, and they need more sales. And what if you were able to provide an efficient system that gave them more time to do all their work, access to capital and something that boosts their sales line? You could see how that player could win over a traditional player or even a new fintech.feedback

James Bullard - Federal Reserve Bank

I think a lot more should happen to help these smaller banks. To have Dodd-Frank rain down on these smaller banks has been a tragedy of the whole legislation.feedback

James Bullard - Federal Reserve Bank

We need to speed up our consideration of the fintech issues and think harder about what is the regulatory environment that is going to be appropriate. I think we have been complacent so far. That is the battleground for the next ten years. It is not the same as the battleground for the previous ten years.feedback

Wai Lum Qwok

For us, we do see a lot of challenges in regulating something which was designed not to be regulated. We recently established a fintech reach with the Japanese FSA, and through such cooperation we hope to see how they regulate these and if there are risks they see. We are open to carving virtual currencies into the regulated space.feedback

Arthur Leung

Instead of wasting one day a month on business expenses admin, just connect your cards to a Xero account through the Curve app, and Curve will do your expenses for you. It's effortless.feedback

Raman Bhatia - HSBC

I don't see it that way, I see it as utterly vibrant with all sorts of fintech players, whether online or full-service digital challenger banks, trying to make our customers' lives easier. And we are in that mix.feedback

Yvonne Zhang

A lot of the shortfall in trade finance is from the Asia Pacific. There's no shortage of money here – but a lot of it is trapped within local currencies in the region.feedback

Yvonne Zhang

The smaller guys tend to get put into a corner ... yet they are overcharged for what financing they can get.feedback

Seamus Donoghue - Asian Development Bank

The plan is to work with people that want to build the markets that suit them, or we'll build them into our own marketplace.feedback

Luis Ruben Chavez

The regulation is good news for all companies in this sector because ... growth will be greater with clear rules. We went from less than 50 (companies) in 2015 to 158 in 2016, and we already have over 240 this year.feedback

Dixon Chen - China Banking Regulatory Commission

The rampant offerings of unregulated assets through cryptocurrencies may pave the way for new high-tech-themed fraud. The government needs to control it before it gets out of control.feedback

Richard Liu

Thailand's large population and developed infrastructure, including strong national logistics networks, give it tremendous potential for both e-commerce and fintech services. Working with Thailand's strongest retail conglomerate, with a massive shopping mall and department store network, gives us a huge competitive advantage as we expand further into Southeast Asia.feedback

Philip Hammond

It is my priority as Chancellor to ensure that the UK remains the financial services centre of the world. And the global hub for fintech. We have the timezone, the language, the legal system, the talent, the capital markets, and the tech centre to succeed.feedback

Mike Cagney - SoFi

I said we don't need to double each quarter, we can quadruple each quarter. Now I have a pretty good illustration about why you don't do that.feedback

Mike Cagney - SoFi

I want SoFi to focus on helping members, hiring the best people, and growing our company in a way consistent with our values. That can't happen as well as it should if people are focused on me, which isn't fair to our members, investors, or you.feedback

Ramya Joseph

If you look at things like [IBM's] Watson, they don't tailor the solution to you. It's just generic advice.feedback

Ramya Joseph

The longer you stay in the system, the more we learn and the better we get at predicting and advising you because we can tie it back to your habits and what works for you. We might raise [venture capital] later this year, and then decide if we want VC money or not. It's a matter of circumstances.feedback

Ramya Joseph

I started Pefin mainly because when you think about less affluent people, there's really no access to financial advice aside from robos. When people say, I want to retire comfortably,' there's really no avenue for them: Either do it yourself or use a financial advisor – but if you go to a financial advisor, they are expensive and they usually have minimums which price a lot of people out of their services. So the core of the company is very user centric. It's a very different underlying model.feedback

Ramya Joseph

I was working at Goldman and helping millionaires, and here was my dad, just trying to retire. I thought, What do people do when they don't have someone like me to help my dad and make spreadsheets?feedback

Moussa Beidas - Bridg

Dubai has its own unique attributes that the likes of San Francisco and Singapore do not have. I think there are very few places in the world where you can get so much in such a small place and yet with so much potential.feedback

Arif Amiri

An accelerator acts as a way for them (companies) to really engage in the potential of the market, by introducing cutting edge technology solution providers from all over the globe, for them to really absorb, examine and test and really adapt …and grow their share in the market.feedback

Gareth Lewis

There's a fantastic opportunity in the Dubai region purely around the appetite for private investment.feedback

Jesse McWaters - World Economic Forum

Financial institutions will likely need to walk a challenging line between capitalising on the services of large technology players and becoming dependent on them.feedback

Jesse McWaters - World Economic Forum

The partnership between banks and large tech companies risks not staying a reciprocal one. Financial institutions increasingly rely on technology firms for their most strategically sensitive capabilities, but can so far only offer their ongoing business in return.feedback

Brigid McDermott - International Business Machines

Some of the start-ups that are coming in don't necessarily understand the scope of the transactions that are running all the time, and when you think about banking as an $8-9 trillion industry – that's a lot of transactions. When you come at it as a start-up and you're trying to look at a small part, do you really have a sense of what the transformation is that needs to happen?feedback

Rob Galaski

Fintechs have changed the basis of competition in financial services, but not the competitive landscape. Fintechs now define the tempo and direction of innovation in financial services, but high customer switching costs and the rapid response of incumbents has challenged their ability to scale. Agile incumbents have used the fintech ecosystem as a supermarket for capabilities, making the ability to nurture and rapidly form partnerships a critical ingredient to banks' competitive success.feedback

Daniel Döderlein - Auka

There's a ton of companies out there that have more or less great technology, but they don't have the marketing muscle, they don't have consumer customers, and they don't have any financial traction.feedback

Rob Galaski

The ability to be a fast follower has proven more important than being first for large financial institutions.feedback

Anne Boden

While I was working on the aftermath of the crisis and turning the organization around to focus on customers much more, I learned about fintech, and I came across a number of fintech companies that were doing things with £30,000 ($38,618) that the big banks were doing with £30 million.feedback

Yu Feng

The long term vision of Yunfeng FG is to leverage its fintech capabilities to develop a financial service ecosystem comprising information technology and online and offline platforms that offer a broad range of financial services and products, along with high quality expert advice. This transaction is a milestone step of Yunfeng FG becoming a financial conglomerate, integrating its existing fintech focused financial services with traditional insurance business.feedback

Jing Ulrich - JPMorgan Chase & Co.

In the next three to five years, the line between traditional banks and fintech companies will become blurred. Traditional banks have to, in some ways, become fintech companies themselves. Otherwise we will be left with no business.feedback

Hilda Moraa

The opportunities are tremendous. We have not even scratched the surface yet.feedback

Ameya Updhadyay

A lot of capital also needs to flow into countries that are not 'shiny.feedback

Hilda Moraa

Because of the history of the impact seen with M-Pesa, investors are getting more confident that there's something here.feedback

Wim van der Beek - Goodwell

Rather than disrupting an existing infrastructure as their counterparts in the developed world are, they are in fact building a whole new infrastructure of their own.feedback

Ameya Updhadyay

Nobody eats mobile money accounts. You can have a mobile money account but unless you're protected from future risks, or you can avoid old-age poverty or you can build assets and save for the future, that's not financial inclusion.feedback

Hilda Moraa

Financial services are the lifeblood of the economy. In East Africa, we are seeing [how] financial services continue to be agents of change not just for the middle or upper-class but particularly to low-income earners.feedback

Lena Komileva

Indeed, in the gig economy, in the new fintech-driven economic environment, we have a relationship between full-time/part-time jobs which is changing.feedback

Nikolay Storonsky - Revolut

Word of mouth by our loyal customer base is the reason that Revolut has achieved so much in just two years. As a token of our appreciation we are offering them the chance to play a longer term role in the Fintech revolution by owning equity in a fast scaling fintech as we embark on our global mission. We have committed to improving our user experience by adding a wealth of new products in the coming months. From the integration of cryptocurrency to pay-as-you-go travel insurance at the tap of a button, we are demonstrating why we go 'Beyond Banking.feedback

Michael Corbat

We've got, probably, the best fintech laboratory in the world. Three, four, five years from now, we're not going to be talking about credit cards. We're just going to be talking about digital payments.feedback

Raman Bhatia - HSBC

I think the 'David-Goliath' (debate) or the existential crisis debate is overblown. There are many players that will co-exist and there could be many models that could build on top of the bank's model and co-exist with what banks have to offer.feedback

Raman Bhatia - HSBC

We have customers, we have the trust of customers for more than a 100 years and we are investing heavily in and learning from fintech, partnering with fintechs and developing our own digital propositions for our customers, and the customers appreciate that.feedback

Nick Cook - Financial Conduct Authority

A lot of our fintech over the last year has been looking into regtech's application for ourselves as well, and encouraging and bringing other international regulators to the table. We take a very active role in trying to expand the regtech discussion globally. Equally though, we seek to learn what's going on elsewhere.feedback

Jonathan Larsen - Ping An

The primary rationale for the fund is strategic...to find capabilities, ideas, business models and technologies that can be valuable to Ping An.feedback

Jonathan Larsen - Ping An

We are at a point where we can very selectively contemplate international opportunities. And the fund could play a role in that mostly through partnerships.feedback

Nikolay Storonsky - Revolut

Asia and North America are far from immune to hidden banking fees and dated technology. The FinTech revolution has been an astounding success across Europe, and now is the time to broaden our horizon and embark on our global mission. With over 700,000 customers across Europe in just two years, I'm confident that Revolut will attract similar demand across Asia and North America.feedback

Nenad Marovac

Global investors are recognising that European venture capital offers a rich A to Z of investment opportunities: trailblazing tech innovation born in cities from Amsterdam to Zurich. Anyone who has ever played Angry Birds or searched for flights via Skyscanner is benefiting from Europe's highly talented entrepreneurs – not to mention the fintech and life sciences start-ups leading the way in their sectors. Backed by Europe's experienced VC fund managers, these companies can rival the best in the world for returns to investors.feedback

Nikolay Storonsky - Revolut

It's normal at this point for a start-up – this is how billion-dollar companies are being made now.feedback

Nikolay Storonsky - Revolut

I just don't like banks. They're so bureaucratic, with so many managers not really doing anything ... If you fired 80 per cent of bankers, nothing would change.feedback

Alan Lockhart

We're moving into the global, open API ecosystem, and there is no choice. So all of the large organizations will come - kicking and screaming in some cases. What we (RBS) are doing as best as we can within our own institution is seeking to accelerate the change to be an enzyme to force a reaction so that we really get there. And we will take advantage of the opportunities that are going to come.feedback

Alan Lockhart

The issue today is you've only got one institution you're dealing with, it's the bank. And if the bank misuses your information or somehow it was shared inappropriately then you know where to go to get it sorted.feedback

Alan Lockhart

One of the huge opportunities that is right on the doorstep is bringing the strengths of fintech startup companies and getting them working with banks - institutions which have been very closed in their thinking. That's not going to happen overnight because it requires a mindset change. But in the future world where you have tens, maybe hundreds of third parties that have legitimate access to customer data, that's a completely different kind of situation. From a tech point of view, all of those third party companies will have different approaches to security.feedback

Yvonne Dunn - Pinsent Masons

I think the interesting thing about consent and data is that this is where you start to bring in other new legislative developments and start to put them up against things like PSD2 and open banking and start to identify new issues. A key one is GDPR, which is due to come in next year as well.feedback

Alan Lockhart

However this change to open banking is fundamentally the biggest change to the banking system since the invention of the checkbook.feedback

Christina Hamilton - Western Union

I think the flow of money and people is a great thing, and I think the fastest path to economic growth and stimulus is actually when both money and people move across borders.feedback

Christina Hamilton - Western Union

Now I think we're starting to see with the election of Macron and some others who are more pro-migration, or at least pro-movement of people and goods, some of that (impact) is starting to temper a little bit. We are a business that is in 200 countries and so all of these macro trends do impact us and we watch them very carefully, because that's our customer base.feedback

Christina Hamilton - Western Union

We are being forced to think about the impact of some of the protectionism that we're seeing around the globe and on our business.feedback

Christina Hamilton - Western Union

I do have some concern for the fintech industry. Clearly there's been an impact in the U.K. already, and that's something that we just have to watch very carefully. As far as the overall rise of protectionism (is concerned), I think there was quite a lot of concern after Brexit and the U.S. election.feedback

Shachar Bialick

What Spotify did with music or what Skyscanner did with flights, you will see this convergence happening in the finance space too.feedback

Shachar Bialick

The problem that we are facing is that there is a disconnected world of money. As the user you have multiple bank cards and multiple bank accounts. You have around 8 to 12 money tools that you are using on average. But they are all disconnected.feedback

Shachar Bialick

The problem that we are trying to solve is that users sometimes use their wrong card or a different card because they don't' have the right card with them or don't have enough money in their main account. It's about trying to resolve friction.feedback

Shachar Bialick

Most users find it's hard to get a loan, sometimes they want a loan for just a computer. This allows a partner to go in and credit a user for shopping they have already done. The risk is lower because they have already bought it. It's not a payday loan, with the risk very high.feedback

Taavet Hinrikus - TransferWise

It's really two things which are important to TransferWise and all of the high-growing companies in tech and fintech. One regulator gives you access to 500 million people all over Europe. With Brexit, (the) U.K. will most likely lose passporting.feedback

Taavet Hinrikus - TransferWise

If it's not possible to get people to come to London, and if existing people start moving for some reason, I think the position of London is somewhat in danger. We have never thought about setting up a new headquarters. If we need to do something, and we need to do it in order to keep on serving our customers in Europe, what we would do is set up an office in Europe. That's something which we are exploring. We have a great team in London, with 150 people. There's no point in moving these people but we need to make sure we can keep on servicing our customers in mainland Europe.feedback

Taavet Hinrikus - TransferWise

We're seeing pretty good growth on that corridor already. We do believe there are lots of money being sent from China to the rest of the world. If we go kind of a five, ten-year horizon, I think that's going to be a very interesting market for what we do.feedback

Jennifer Tescher - Center for Financial Services Innovation

It is clear that income volatility and mounting debt are two of the biggest stressors that work against the financial health of many Americans. Their financial health depends on climbing out of debt, planning for the future and living within their means when possible. There's an opportunity for banks, fintech companies, credit unions and other providers to provide meaningful solutions and guidance that supports increased financial stability nationwide.feedback

Wiebe Draijer - Rabobank

There are many many tests and every bank and every fintech is experimenting with use cases of blockchain. We are moving a step further with seven banks, putting together an application based on blockchain where we facilitate small-and-medium-sized enterprises when they export. And the blockchain technology is very powerful and supports that proposition.feedback

Antony Jenkins - Barclays Capital

This is just in the footprints of what's going to happen here. As these technologies season and develop, we can imagine total transformation of the banking system, using blockchain for example, in a world where banks don't really exist anymore.feedback

Antony Jenkins - Barclays Capital

We're really at the end of the beginning of what we see as a revolution driven by technology with financial services and fintech is really a too narrow categorization of what's going on here. As the technologies develop and season, they're going to create a totally different way of doing banking and financial services.feedback

Daniel Morgan - Ubs

The second wave of [regtech] systems will fundamentally reduce the cost and burden of regulation and require a radical rethink of regulatory processes.feedback

Richard Schaberg - Hogan Lovells

Fintech, regtech and innovation, generally, have the potential to radically transform the U.S. and global financial systems. U.S. regulators have, so far however, remained more cautious than some of their international counterparts in embracing technological innovation in financial regulation. The TPWG report provides insight into the international efforts to encourage and deploy new ideas and techniques for regulatory compliance and outlines the steps the U.S. can take to fully integrate the evolving and essential features of regtech into our own systems.feedback

Richard Teng

The Middle East and Africa (MEA) region has tremendous demand and growth opportunities for financial services. We hope that through closer collaboration with like-minded fintech hubs, we are able to leverage the strengths and expertise of our markets to more efficiently address the needs of the industry and support economic growth and development. This new partnership will open up new avenues and create opportunities for fintech firms in the Middle East and Africa looking to expand into each other's markets.feedback

Amit Harel

To say that it will have the same percentage as cyber, or automotive or fintech, probably not but as a niche that is driving other industries and is providing out of the box innovation, we think it has in Israel huge potential.feedback

Roy Keidar - Yigal Arnon

A lot of Israelis work in the fintech industry and they're looking for additional and innovative ways of doing business and getting cash, finding investments, doing crowdfunding, you have a lot of that in Israel. There's not enough certainty, which keeps some of the investors away but as usual, the movers and shakers, the early adopters are really into it.feedback

Cathie Armour

Financial services are a major contributor to Hong Kong's US$316 billion economy. The Cooperation Agreement is a significant boost for Australia's burgeoning fintech sector and will ease entry into this important market for innovative Australian businesses.feedback

Lawrence Wintermeyer

People have been sitting on the fence but broadly we have been doing ok. The most important thing is U.K. remains a magnet for talent…That and attracting capital. Talent and capital are the two most important things in FinTech. 30 percent of our own fintech founders or CXOs (corporate officers) are non-British and it's a really important part of making up the community.feedback

Lawrence Wintermeyer

Institutions need to innovate - they really need to get down the costs and change the technology in their legacy stacks and get the compliance cost down. Innovators want to innovate and institutions are a good source of capital for them. So we are in an unprecedented period of collaboration.feedback

Lawrence Wintermeyer

Things in venture capital have slowed into 2017. We're seeing globally more extensions of A-rounds and I think the prognosis is that it might be difficult to top the global numbers of around $16 billion that was done globally last year.feedback

Becky Downing

The challenge once you've had the original idea is how you can then develop it and enter new and different markets in the future. After that, It is a matter of getting through the daily grit and grind of executing your plans and growing a fintech – or indeed any other firm. It's not easy.feedback

Becky Downing

The idea is 0.1% of a successful start-up, . Most start-ups fall by the wayside because execution is what really matters. How you develop your original idea to expand it into viable markets and a feasible business is what counts. Not all start-up accelerators are helpful in establishing a start-up firm, especially as there are now so many trying to get into the game. But I found Wayar to be helpful in our early days and SBC InsurTech's program in the last couple of years as they are sector-specific to the insurance world.feedback

Becky Downing

The key challenges I've faced on my journey, apart from the obvious ones of getting funds and in front of insurers, have been around recruiting and retaining staff. But you need to be careful with that to ensure long-term motivation. It is necessarily a tool only for the early stages of a company's formation.feedback

Becky Downing

You have to know that you'll come up against a million obstacles as CEO of a start-up. Entrepreneurs are successful because they keep going, develop the idea and overcome them.feedback

Angela Lee

For fintech, some people mean bitcoin and cryptocurrencies; some people mean the technology JPMorgan uses for trading. Everyone thinks it's sexy, and a lot of people use it colloquially without knowing what it is.feedback

Reena Aggarwal

Ten years ago everyone wanted to go into investment banking or in the trading side. Now the students are much more interested in innovation.feedback

Julie Lake

Fintechs working with banks is a powerful collaboration trend, but there is also a new generation of innovators going direct to the consumer in areas such as insurance and financial management.feedback

Mike Dobbins - RBC

We're proud to support Wave as they continue to bring solutions to market for entrepreneurs in Canada and around the world. This investment is part of our commitment to support the scale up of emerging fintech companies in our economy, recognizing the critical role they play in Canada's Innovation agenda.feedback

Matt Burton

In general, it has been a humbling process going through it. We have definitely learned a ton. When you're operating in a new space in fintech, it's hard.feedback

Mark Wilson - Aviva

I don't mean billions, but we will do acquisitions if we find the right things, maybe in big data. We do want to change Aviva into being a 'fintech.feedback

Mark Wilson - Aviva

I don't mean billions, but we will do acquisitions if we find the right things, maybe in big data, maybe in platforms. It's quite weird because we have been getting all these inbound calls from the big names in Silicon Valley.feedback

Mark Wilson - Aviva

I had a call from the chairman and CEO of one of the big ones last week, he called me up and I said 'why?' and he said because 'no one else is doing it.feedback

Vivek Pathak

The initiative builds on IFC's efforts to deepen access to finance for underserved segments of the population. In today's world it is feasible to reach these segments of the population at a fraction of the cost and at a speed that was not feasible earlier. New business models resulting from the digital transformation of financial services and fintech adoption in the region can create new markets that will lead to a higher level of prosperity.feedback

Daisuke Yamada - Mizuho

If we try to pursue business innovation within the bank, we have to ask around for permission from people in risk management, compliance and others. It takes forever. It's not like building nuclear reactors or railway systems. If projects flop, all the costs wasted will be labour costs, we can move on to the next ones.feedback

Kris Van Broekhoven - Citibank

You don't want to give away your intellectual property or your market knowledge, access to clients, to fintech companies for the privilege of paying for that technology for the rest of your life. So it's not an easy discussion.feedback

Rachel Ziemba

I think [Temer's woes] will delay investments across a number of sectors as it delays reform implementation.feedback

Ceres Lisboa

The structural shift in customers' demands and behavior is leading banks to increasingly focus on alternative service channels.feedback

Christopher Giancarlo

LabCFTC is intended to help us bridge the gap from where we are today to where we need to be: 21st century regulation for today's digital markets. We will look to explore ways to use fintech to enhance CFTC functions and duties.feedback

Michael Stemmle - Royal Bank of Scotland

This funding will finance our international expansion and help strengthen our management team. It will also fuel our production of cutting edge cloud computing-based Software-as-a-Service (SaaS) products that can ensure our clients are ahead of the curve. It really is crunch time for the sector and this funding allows us to be at our best when our clients need us most.feedback

Mike Cagney - SoFi

Absolutely. I think what's going to happen is the banks are going to move toward our model over time. And we certainly don't have the hubris to expect that we're going to change all of banking, but we are going to drag them into a different kind of service model. And one that's a lot more aligned to the customer.feedback

Taavet Hinrikus - TransferWise

To have hit break-even just six years on from launch shows how strong the foundations of our business are. This is just the starting point. With the unique platform we've built, we're looking forward to creating a new kind of financial services for the future.feedback

Mike Cagney - SoFi

If you look at SoFi, we run over 65 percent contribution margin across our three lending businesses. We're the most profitable fintech company in the marketplace. And there's huge opportunity to expand from that, and it comes down to cost of acquisition. If you build really strong brand, really strong evangelism, really strong what I call 'cross-buy,' you can drop that cost of acquisition significantly and that drives margins.feedback

Mike Cagney - SoFi

It's the same community concept. For example, one of our members loses their job, we'll put them in unemployment forbearance. We'll actually help them get re-employed. We've done that over 200 times for our members. And it's very different than how a traditional financial services firm would approach banking. The ability to deliver that contextually to people when it matters, as opposed to just spamming them with it all the time, is a big difference-maker.feedback

Kevin McPartland - Greenwich Associates

Its a good thing for the marketplace that there is that innovation, but one of the hardest things in fintech to do is to build liquidity from scratch.feedback

Richard Teng

We are pleased to welcome our first group of Reglab participants who have successfully demonstrated their understanding of the market needs with their transformational solutions. We will support our Reglab participants to focus on sharpening their solutions while leaning on ADGM and its partners to take them through the develop-test-and-implement journey. This is also a valuable journey for [the] ADGM and the region as we guide the very first team of fintech companies through the regulatory environment to realise their innovations.feedback

Seth Priebatsch - LevelUp

LevelUp has grown rapidly over the last several years and this funding sets us up to accelerate our growth this year and next. We're thrilled to have the continued support of our existing investors including Chase and US Boston and great new partners like CentroCredit Bank backing LevelUp.feedback

Charles Cooper

We are committed to a multi-state experience that is as seamless as possible.feedback

Ashley Alder

This agreement will help both regulators stay abreast of innovation in financial services while providing innovative fintech firms seeking to develop and grow their businesses internationally with enhanced channels for communicating with regulators.feedback

Christopher Woolard - Financial Conduct Authority

Co-operation agreements are absolutely vital in fostering an environment of fintech innovation on a global scale. In the last few months alone we've signed agreements with colleagues in China, Japan, Canada and the Hong Kong Monetary Authority (HKMA). Working with other regulators internationally, we want to build a common understanding of the principles of good innovation and we look forward to working closely with the SFC.feedback

Javier Capape

In banking, (SWFs) invest a lot in fintech, in transport they invest in driverless cars. They need to balance their portfolios with the old and the new players. You can't invest in just one start-up as the risk is huge – normally they fail eight out of 10 times.feedback

Thomas J. Curry

I don't think this is about turf. I think this is really about the strategic direction of the banking industry. I don't think we're struggling with this. Where we explain what our policies are and what our approach is, the better off we are.feedback

Faisal Husain - Synechron

I think there are many cases where Asia is leapfrogging perhaps the West, especially in emerging markets where fintech is playing a major role in financial inclusions in payments and transfers and microlending. But in places like Dubai and Singapore, you see the government playing a helpful role in supporting the start-up community because the VCs haven't come there yet. (T)he world is large … So you do need these hubs. You cannot have one hub, being the (global) leader.feedback

Faisal Husain - Synechron

The thing in the U.S. and in Europe is (that) there is not so much involvement from the government. A lot of this support is through the investment ecosystem: the private equity firms, the venture capital firms that support the start-up community.feedback

Philip Hammond

If the UK is going to make the most of the freedoms it will have after leaving the European Union, we have to build trade links with the fast-growing economies of Asia. We have to invest in the skills of the future and our economy must remain at the cutting edge - not just of FinTech, but of AI (artificial intelligence), biotech - of every area in which we have the potential to lead the world into this new industrial revolution. The world does not owe us a living. We will have to strive and graft and fight to seize opportunities, and make the most of them.feedback

Mark Carney - Bank of England

If this happens, the Bank of England would need to ensure prudential standards and resolution regimes for the affected banks are sufficiently robust to these risks.feedback

Philip Hammond

We can't remain the number one place for FinTech and the other technologies of the Fourth Industrial Revolution by simply relying on our ingenuity, talent and openness. We have to go out and get the business. To make the most of the freedoms it will have after leaving the European Union the UK must build trade links with those fast-growing economies of Asia. We will have to strive and graft and fight to seize the opportunities and to make the most of them.feedback

Katharine Dennys - Mergermarket

High liquidity, access to cheap financing, healthy balance sheets and a need to demonstrate growth to shareholders via M&A all provide a positive outlook for 2017. Technology will drive M&A activity, with disruptive industries such as artificial Intelligence, fintech and the internet of things continuing to attract investor attention. Despite Trump's campaign promise to block anti-competitive deals, such as the US$ 105.0bn AT&T/ Time Warner deal, his attitude once in office suggests a more lenient approach towards such high profile deals.feedback

Michael Schlein - Accion

If you can use alternative sources of data to make the 3 billion of people who are invisible, become visible, that could change the world.feedback

Monica Brand Engel - Quona Capital

There is an enormous marketplace of consumers and small and medium enterprises that are experiencing tremendous pain points even in basic things.feedback

Raj Ganguly

There are two sides to it. We've seen tremendous growth in technology over the past decade. Areas where technology hasn't impacted before from transportation to banking to healthcare. There's a lot of excitement about that.feedback

Raj Ganguly

It seems like London is going in the direction of a hard Brexit. And with the the passporting rules potentially going away, I personally think that, even if you look at last year, Germany for the first time had two of the biggest fintech fundings versus traditionally mostly happening in the U.K. I think it's going to be a little bit of a battle between Ireland and Germany over who really steps up and takes the leadership role in fintech over from the U.K. post-Brexit.feedback

Raj Ganguly

I'd say the political climate is a bit more challenged. There's a lot of questions about what these changes in the political climate mean but at the end of the day our belief is that the relentless march forward of technology and innovation won't be slowed by the geopolitical environment.feedback

Alex Yao - JPMorgan Chase & Co.

Most likely a lot of the opportunities will be grabbed by the larger incumbents – Baidu, Tencent (and) Alibaba – but there are vertical opportunities for a lot of start-ups as well.feedback

Sergio Furió

With the new round and joint efforts to distribute secured loans, I'm certain we can increase participation of this type of loan in Brazil's credit market.feedback

Roelant Prins

We expect to grow quite significantly. Over the next few years it will move to 50 percent of our business. Global brands looking to take full advantage of the European market will need a player ready to help them make sense of this evolving market.feedback

Patrick Harker - Federal Reserve Bank

It's unlikely that increased oversight will be welcomed with open arms, but I should say now that it's actually in the interest of fintech firms. What fintech outfits don't want is regulation that comes in after a crisis.feedback

Peter Rippon - OpenGamma

Having a strategic investor like JPX is really important, it really helps us in terms of credibility.feedback

Takeshi Hirano

We've followed OpenGamma's transformation from an innovator in the development of open source software into an important risk analytics provider for institutional finance.feedback

Mark Carney - Bank of England

The challenge for policymakers is to ensure that fintech develops in a way that maximizes the opportunities and minimizes the risks for society. After all, the history of financial innovation is littered with examples that led to early booms, growing unintended consequences, and eventual busts.feedback

David Sica

The market is sobering up and looking for high-quality metrics. The first wave of fintech was very much about building standalone large brands. We are now in an environment where the existing financial institutions and incumbent players are looking for ways to partner with startups.feedback

Warren Mead

The combination is a powerful one: leading-edge technology with global reach and a significant physical footprint. Innovation and trust in one bundle. I expect to see the ever increasing convergence of fintech and the more traditional financial services sector.feedback

Yew Kiat

Blockchain is a fast emerging technology allowing effective secured value transfer over the internet. Our collaboration with BitFury will further cement our leadership position in the use of Blockchain technologies across our FinTech platforms, taking Credit China Fintech to a new level of competitiveness.feedback

Shawn Rose

It's accelerating, that competitive fear. We don't want to lose a day. It's critical. The people we hire, they need a place to establish these routines.feedback

Dave McKay - Royal Bank of Canada

A couple of years ago more than 80 percent of our spend was on running the bank, maintaining our old legacy systems. Our goal is to get down to at least 60 percent and we're over halfway on that. We've been able to shift a huge amount of spend - over hundreds of millions of dollars - into growth and development.feedback

Jens Weidmann - Deutsche Bundesbank

Getting a clearer picture of fintechs' business activities is essential if we are to better understand whether and in what way they might pose a threat to financial stability. Many believe the most disruptive potential is to be found in blockchain or distributed ledger technology, which promises to allow payment transactions and securities settlement to bypass banks and central counterparties altogether.feedback

Alasdair Macleod

We are already seeing growing demand from Muslim-majority countries, and take the view that being Shariah-compliant will considerably raise our profile in this important market.feedback

Robin Lee

Promoting competition is key as fintechs are likely to target under-served consumers and the unbanked and to drive cost to consumers down.feedback

Dan Schulman - PayPal

The promise of fintech is that you can make those transactions much quicker and much less expensive.feedback

Dan Schulman - PayPal

If we can collaborate in a productive way, which we've all decided to do, we can probably take the best assets of traditional financial institutions, the best assets of emerging technologies – Fintech – and create better value propositions.feedback

Ralph Hamers

Banks can learn from the fintechs; fintechs need the clients of the banks and the capital from the banks and the regulatory knowledge from the banks: and in the end it's the client that wins.feedback

Ralph Hamers

Banks will survive but banks will need to consolidate in order to find room to invest in digital.feedback

Joe Schoendorf

If I was going to pick a company that was in that five list, one of those is going to be in fintech. It's going to have figured out how it all comes together. We are going to be sitting here with a multi-billion dollar valuation company in that space.feedback

Rebecca Porter - Northwestern Mutual

We want to continue that momentum and continue to invest in startup companies. We are looking for innovative companies that are going to address clients' need in a new way.feedback

James Meekings - Funding Circle

We are a fintech business and we are all about delivering a world class service to businesses and investors and to make sure we have the best product we imagine. We wanted to raise more funds to invest in our technology.feedback

Johan Van Overtveldt

London is the financial sector of Europe – there's a lot of infrastructure..., there's a huge talent pool that is there, there's the capital availability that is there, so of course even with Brexit, that won't go away just like that. It's an important change but we should not underestimate the resilience of London as a financial (and fintech) center.feedback

Joop Wijn - ABN AMRO

ABN AMRO Corporate Banking is in good shape and well positioned for continued growth. After eight great years, I am now ready for a new challenge. I would like to thank all my colleagues; it's been a pleasure working with them and I wish ABN AMRO every success in the future.feedback

Caleb Silver - Investopedia

Trump's legacy is yet to be determined, but his impact on investing and economic policy is unmistakable. Throughout 2016, users have flocked to terms related to Donald Trump and some of his proposed policies. This year's list of terms is a window into the topics that will drive investment strategies in 2017.feedback

Scott Kessler - S&P Capital IQ

On Wednesday Ant Financial was growing in a thriving financial technology - fintech - environment and an IPO would also benefit parent company Alibaba . They already partake in some of the profits from Ant Financial, and really have the ability to take a very significant stake upon the confirmation of an IPO. We expect (current CEO) Marissa Mayer to exit the company.feedback

Rene Griemens - Kreditech

We are already evaluating potential strategic cooperation in many areas, including payments, financing and potentially, at a later stage point of sale financing.feedback

Michael Garrity - Financeit

Part of our growth plan is to consolidate the industry. We're aiming to build a multi-billion dollar company, focused on something the banks aren't very good at. Where banks are playing in that space today, we are active buyers in those divisions.feedback

Michael Garrity - Financeit

That whole transaction happens in under five minutes in a driveway on a mobile device.feedback

Haruhiko Kuroda - Bank of Japan

We don't have to sacrifice consumer confidence and security because if they go down... it would hamper the long-term development of fintech.feedback

Haruhiko Kuroda - Bank of Japan

Thus, financial authorities are facing new challenges in terms of obtaining information and maintaining financial stability.feedback

Lael Brainard - Federal Reserve System

There are more serious and lasting consequences for a consumer who gets, for instance, an unsustainable loan on his or her smartphone than for a consumer who downloads the wrong movie or listens to a bad podcast.feedback

Lael Brainard - Federal Reserve System

Run fast and break things' may be a popular mantra in the technology space. It is ill-suited to an arena that depends on trust and confidence.feedback

Stephane Loiseau

The landscape for investment insight is changing. The situation is especially challenging in Asia which is a fragmented region with a vast scope of stocks, and in some markets new regulation is making the picture even more complex.feedback

Mark Pumfrey - Liquidnet

It was always our intention to create an all-to-all platform to create a critical mass of liquidity. Most of the sellside interest is coming from regional banks that perhaps don't have the global client networks, but if the big dealers want best execution they have to engage with electronic platforms.feedback

Jonathan Gray - The Blackstone Group

Two years ago if we had told banks we were building a buyside to buyside fixed income platform, they would have basically said good luck. Now they are much more receptive.feedback

James Clark

The activities of the big US companies often grab the headlines but 2015 was a breakout year for U.K. tech IPOs. Last year, London played host to the IPO of fintech company Worldpay, the largest tech IPO globally with a deal size of $4 billion and Sophos, valued at $1.6 billion, the world's largest cybersecurity IPO of the year. This demonstrates the U.K.'s and Europe's ability to grow and nurture tech companies.feedback

Mauricio Minas

We are venturing into the use of algorithms and beefing up our mobile platforms as a way to make our product more appealing to millennials.feedback

Ravi Menon - Frost & Sullivan

This project marks the first step in MAS's exploration of ways to harness the potential of central bank-issued digital currency. The next phase of the project will involve transactions in foreign currency, possibly with the support of another central bank.feedback

Simon Kirby

I agree they have a huge pool of talent, and it's good to have something like that so we can take some talent out.feedback

Simon Kirby

It's fair to say competition is good. What businesses want is more of a parity between regulation so that they can move easily from one country to another… (and access to) customers.feedback

Simon Kirby

We are listening very carefully to fintech businesses' concerns about access to capital, access to high-skilled labor and also their concerns about Brexit.feedback

Sopnendu Mohanty

First thing after Brexit happened, we talked about talent - talent coming out of the UK.feedback

Ravi Menon - Frost & Sullivan

Under the pilot system banks will deposit cash as collateral with the MAS in exchange for MAS-issued digital currency.feedback

Wim Mijs

We should move from entity-based rules to activity-based rules.feedback

Elke Koenig

If you think payment services by banks need to be strictly regulated, then you also need similar measures for those who provide payment services without a banking licence.feedback

Norman Chan

So far, two banks have already made use of the sandbox to conduct private trials of their biometric authentication in securities trading services. A few banks are discussing with us and planning to make use of the sandbox for areas such as blockchain, artificial intelligence (AI), and many more.feedback

Tharman Shanmugaratnam - Monetary Authority of Singapore

MAS is looking to significantly simplify and shorten the authorisation process for new VC managers. Further, to the extent that there are contractual safeguards to provide sufficient protection to a VC's sophisticated investor base, MAS is also looking to exempt VC managers from business conduct requirements that are currently applied to asset managers in general.feedback

Ueli Maurer - Swiss Finance

We assume that with the steps we have prepared and the commitment we have to the overall financial services industry, we can provide a solution that puts us among the top (countries) in the world that regulate this.feedback

Bruce Davis

I know that other businesses that are trying to do that as well have found the responses from the local jurisdictions have become tortoise like. We are at the bottom of the pile. An FCA request now will not be treated at the same speed as it was before, you can definitely see that as an impact from now.feedback

Chris Larsen - Ripple

I have been in fintech for 20 years and I am kind of looking forward to not having the day-to-day responsibility the CEO takes. I am trying to get the right balance between Ripple and spending time with my two young boys. But I couldn't be more happy for Brad, about where we are and how Brad has gotten us here, and what he would be able to do for us going forward.feedback

Rod Simms

I think we need to, as an organisation, take a really close look at these things. This means making a forward-looking judgment.feedback

Rod Simms

Will these things be disruptive in the future? They may be small now. What can they unlock in the future? Apple Pay is a very complex matter. You can look at it is in a sense someone challenging the banks. And you can look at it as the biggest company in the world keeping something exclusive to itself. We are working our way through that.feedback

Ken Rees

We don't believe fintech public market comps have recovered sufficiently. We'll wait longer for traction.feedback

David Blumberg

A lot of fintech is now focused on helping individuals level the playing field so they can take advantage of services wealthy people or businesses have had for decades.feedback

Thomas Schneider - Brickvest

If it wants to become the leader in fintech then these are the steps it needs to take, otherwise it will get a few companies but it will not become the hub.feedback

Maria T. Vullo - New York State Department of Financial Services

Your competitors are, and will, be embracing fintech in all of its various forms. Don't be left behind.feedback

Gabriel Ferreira

We're looking for startups that have passed the validation and product development stage and need capital to scale up and gain traction in the market.feedback

Hiromi Yamaoka - Bank of Japan

That's why policymakers want to work hand in hand with the private-sector.feedback

Thana Thienachariya

Siam Commercial Bank is excited to take a pioneering role in investing and piloting money transfers through Ripple's network. Our participation makes SCB the first Thai commercial bank to move forward with remittance and other use cases with blockchain. Our due diligence was conducted by Digital Ventures, the investment and innovation arm of SCB, reaffirming our commitment to cultivating a solid fintech ecosystem for Thailand.feedback

John Flint - HSBC

There's mutual respect on both sides. If you look at smaller fintech firms, you can see that banks are partnering with them and that benefits both stakeholders' needs.feedback

Bob Ramsey - FBR Capital Markets

They're reacting to the realization of what customers are using.feedback

Lawrence Wintermeyer

If you're looking for scale in LatAm, we want to connect you directly to the Sao Paulo hub. We're hoping to really be able to accelerate the connection of fintechs (start-ups) and institutions to the source of knowledge.feedback

Hubertus Väth

Fintechs play an increasingly critical role in the finance industry and therefore, their advancement is of the utmost importance.feedback

Fabian Vandenreydt

It's a group of equals. It's a group of people that globally support innovation for the benefit of the banks and the start-ups.feedback

Sylwester Janik - MCI Capital

Following the result of the UK referendum, many might perceive investing in fintech as a risk.feedback

Philip Hammond

The newly established FinTech bridge between the UK and the Republic of Korea is an important step for one of this country's most exciting industries. The government is determined to help the UK FinTech sector to innovate and grow and to ensure that Britain remains the location of choice for FinTech start-ups.feedback

Yim Jong-yong

Although Korea is a relative newcomer to FinTech, we have been focusing on developing a regulatory environment that supports rapid growth of the sector. The FinTech Bridge with the UK, which is a pioneer of the industry, will enable Korea to more easily identify and adopt regulatory best practice. It is another step in strengthening the strong financial relationship between Korea and the UK.feedback

Markus Gnirck

Given the maturity of fintech markets in Europe and the U.S., it's a natural next step for a company to look out for new opportunities to expand into.feedback

Mark McDermott

I think London has a heavy fintech and AI [artificial intelligence] bias right now, which is flourishing, but a tad narrow.feedback

Barry Freeman - Jimubox

I spent time and money and hired a couple of people to explore this and ended up having to kill it because it didn't make sense from a commercial standpoint, purely around the account opening process.feedback

Laura M. Cha

This is an area of development that is a very key element of the financial industry that we cannot ignore.feedback

Derek Meilman - Hogan Lovells

My view is that the most obvious implications of a Brexit, the issues that most obviously become exacerbated, would be the question of the free movement of labor and also trade implications – import and export law – what does that look like?feedback

Philippe Gelis - Kantox

The negotiation period will last at least one year but more probable a couple of years. We will have time to adapt and then to say to restructure or reorganize the company in that sense.feedback

Philippe Gelis - Kantox

Most tech companies have flexibility in their DNA, so if we need to adapt we will adapt, we will know how to do that. Definitely it will be painful, it will be time dedicated to things not really brining value to our business, but we will adapt as we have always done.feedback

David Klein - CommonBond

The notion that lenders should account for a borrower's ability to repay is what we consider to be responsible lending. any lending operating procedure is well served by doing it.feedback

Alex Lin

There's now a need for innovative services to fill the demand. The situation encourages the creation of such technology-driven innovative services to serve the greater unbanked group.feedback

Richard Cordray

The Consumer Bureau is proposing strong protections aimed at ending payday debt traps. By putting in place mainstream, common-sense lending standards, our proposal would prevent lenders from succeeding by setting up borrowers to fail.feedback

Svi Rosov

Advisors are treating it as a potential threat and also a potential opportunity. How it impacts advisors will depend on the industry with which they are working.feedback

Svi Rosov

Those advising in the high-net-worth segment may find fintech as more of an opportunity than a potential threat, because those investors have particularly complicated needs.feedback

Rob Lavet - SoFi

Regulatory agencies want to ensure that consumers receive all required disclosures and that the product will not harm consumers.feedback

David Klein - CommonBond

What we're seeing right now is D.C. feeling its way to a modern regulatory framework to account for past big-bank behavior and emerging fintech promise, as it relates to the consumer. My hope and expectation is that we get to a world where a company meant to better serve consumers is able to flourish.feedback

Bert Kwan

It is extremely exciting to support MoMo's broader mission of promoting financial inclusion across Vietnam.feedback

Zennon Kapron

Naturally, because growth in the region is quite high, you should expect to see continued investment.feedback

Mark Carney - Bank of England

The regulatory framework must ensure that it is able to manage any systemic risks that may arise from technological change without stifling innovation.feedback

Mark Carney - Bank of England

We have prioritised work to analyse structural vulnerabilities in asset management activities and to identify risks that may merit policy responses in four areas.feedback

Mark Carney - Bank of England

An over-optimistic ´liquidity illusion´ may have been reinforced by the growth of investment products offering redemptions at very short notice.feedback

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