Financial Technology for the Uninitiated

FinTech investments hold steady as investors remain interested in tangible FinTech opportunities, consultancy KPMG confirms in the Pulse on FinTech Q2 2017 report.

Investors stay interested.PNG

Globally, blockchain continues to attract significant attention from both traditional VC investors and corporations, while FinTech investment in Europe more than doubled in Q2 2017, with over $2 billion invested, compared to just $880 million in Q1.

In the future, the leading consultancy states,

the focus on B2B offerings will likely continue to grow as banks continue to recognize the need to significantly reduce their cost operating models in order to better compete with challenger banks with cost-toincome ratios that are half to one-third of their own.

Ian Pollari, Global Co-Leader of FinTech, KPMG International points out that

In order to compete and win in the future, financial institutions will need to become far more aggressive around reducing their cost base,

so confirming a trend Saïd Business School, University of Oxford has recently higlighted stating that

digital challenger banks such as Starling and Monzo can operate with 90% less headcount than traditional banks.

More in general, the leading business school, affirms that

 between 2 million and 6 million jobs will be lost over the next decade due to disruptive financial technologies.

In such a context, the British university will soon launch a new digital open enrolment programme on financial technology and innovation, Oxford FinTech. Peter Tufano, the Peter Moores Dean and Professor of Finance at the school, told Business Insider:

Oxford Saïd has a commitment to preparing global executives for the challenges of both today and tomorrow. Our faculty have been active in FinTech research and teaching, up to and including starting FinTech companies, so have a significant expertise to draw upon to help students in their journey.

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