Fintech and Blockchain

Nathan Macrides

INTRODUCTION

This chapter discusses the role of fintech or “financial technology” in the disruption of traditional banking and financial services. First, we will discuss the basics, describing what fintech is and what the different entities are that make up the world of fintech, and then move on to describing what the key drivers are behind the fintech revolution and the disruption that it is causing.

Following on from this, we will provide a brief understanding of what a typical fintech company looks like and what key markers we can use to identify those that have a chance of being successful. Additionally, we will explore the new trends being seen across the world of fintech and the future of sectors – such as banking and stock trading, and insurance and currency markets – that are being targeted by the fintech companies.

We will then discuss the disruption to financial services and the steps banks can take to compete with the disruptors, how they can stay competitive and even build partnerships to remain profitable in these challenging and difficult times.

Last, the chapter will discuss one of the world’s most talked-about technologies: blockchain. What it is, what

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