Conventional banks now account for 72% of the stock market value of the global banking and payments industry, down from 96% in 2010.
Fintech is allowing new start-ups to create new channels of distribution reducing commissions and fees or coming with innovative low costs products.
Do you think this good or bad for finance?
The ANT Group will further disrupt the comfort zone of Bankers. The giant Chinese fintech upstart is expected to raise more than $30bn, eclipsing Saudi Aramco’s debut last year.
To change the world one has to decide in what?
A few years ago I sold my Family Office business to start a “change the world” business: an on-line members platform around E-Learning. It came about only after one of my business mentors, a super rich entrepreneur who had been a client, advised me to seek myself again before writing my business plan. He reminded me of what Forest Grump said “My mom always said life was like a box of chocolates. You never know what you're gonna get.” So “First know your self and know what YOU want? Then go and do it”.
After speaking to others including a career assessment specialist, I was asked to dig deep and answer the 5 questions honestly taking as much time as required and then to write it down.
The 5 questions were:
(I have the question as on-line form which I will gladly share with you. Just ask).
I was told...