How we define Fintech

A lot of people ask us how we define Fintech. The really short answer is “broadly”.  The slightly longer answer is “the reinvention of Financial Services through digitization“.

We envisage Fintech as big ocean with a lot of fish.

Fintech is big because Financial Services is a big % of GDP (e.g. 7% in USA and 10% in UK and Switzerland), accounts for a big % of corporate profits (as much as 40% by some estimates) and most of it (say 80% to 90%) can be delivered digitally.

Fintech is an ocean, because whatever categories we define, the lines will be increasingly blurred over time and the fish (customers) will move from one part of the ocean to another, even if we can expect more of a certain type of fish in a certain part of the ocean.

One of our mantras is that “bits don’t stop at historical category boundaries”. The business practices & models that evolved pre digitization defined the historical Financial Services categories. However, if you deliver value through a customer centric approach, you ignore artificially defined categories to focus on the needs of real people.

For example, in the big population high growth countries (China, India etc, what used to be the Rest of the World), the distinction between consumer and small business is largely artificial as most people are entrepreneurs. Another example is that the investing part of Insurance really fits within Capital Markets.

Our Editorial Calendar

  • Monday =Blockchain, Bitcoin & Crypto
  • Tuesday = Wealth Management & Capital Markets
  • Wednesday = Small Business Finance
  • Thursday = Insurance
  • Friday = Consumer Banking & Finance
  • Saturday = Blockchain, Bitcoin & Crypto

We devote two days and three experts to Blockchain, Bitcoin & Crypto  because it also impacts all the other days and there is so much to cover. Click here for our thesis on why Blockchain is the 3rd wave of Fintech.

How you can find what you need in our archives

Daily Fintech has been writing every day Mon-Friday since 29 June 2014 (the first post is here). That is 240 posts a year, which means that as of our 4th anniversary in 2018 the archives has over 960 posts (and including Saturday posts more recently we have over 1,000 posts).  As we are insight-driven not news-driven, many of our posts continue to have value long after they were written.

You can search the archives in 4 ways:

  • normal word search (either from a search engine or on our site).
  • Categories (for example, all Insurance posts).
  • Tags.
  • Related content (which you see at the end of each post).