This document discusses the concept of fintech, or financial technology. It explains that fintech combines finance and technology and has become popular due to factors like open source libraries, cloud computing, APIs, and increased mobility. The document outlines different eras and concepts in fintech, including early online banking (Fintech 1.0), the rise of mobile apps and services (Fintech 2.0), personal financial management tools, robo-advisors, peer-to-peer lending, crowdfunding, mobile payments, blockchain technology, and how insurance is adapting to fintech. It provides examples for many of these fintech areas and concepts.

1. Fintech
FinancialTechnology

2. Fintech
 Fintech = Finance + Technology

3. What’s going
on now?
Source: https://www.i-scoop.eu/fintech/

4. Why is Fintech
so popular?
 Because of:
 Open source
 E.g., library
 Cloud computing
 Application programming interface (API)
 E.g., google maps
 Mobility
 From want to mustmust

5. Concepts
 Fintech 1.0
 1990s-2000s
 Online banking
 Fintech 2.0
 2015-
 Mobile devices & applications
 E.g., Mint, Money Forward, Acorns
 Unbundle: infrastructure + information service

6. Personal
Financial
Management
 PFM
 One-stop management
 Additional benefits

7. Investment
 Robo-advisor
 E.g., THEO (Japan), Betterment, Wealthfront

8. Peer to Peer
Loan
 New type of loan in e-commerce
 E.g., Kiva
 1% to 3% service fee
Source: https://www.guideadvisor.com/stories/seizing-opportunities-alleviate-poverty-guidesgiveback/

9. Peer to Peer
Loan

10. Crowdfunding
 15%-20% service fee
 E.g., Kickstarter (product or service), Anglelist (stock),
Japangiving (status report)

11. Crowdfunding

12. Payment
 From cash to caseless
 Mobile payment (e-wallet)
 E.g., Apple pay, Samsung pay, LINE pay
 Square (3.25% service fee)

13.  Cash out (no need to find ATM)
 P2P money transfer
 E.g., Transferwise (service fee & difference of currency rate)
Source: http://thewealthguy.com.au/international-overseas-money-transfers-fees-transferwise/

14. Insurance
 Insurance in Fintech 2.0
 DNA & lifestyle
 AXA life insurance (Withing Pulse)
 Telecommunication & Informatics
 Pay as you drive (distance)
 Pay how you drive (behavior)

15. Blockchain
 Bitcoin is based on blockchain technology
Source: https://www.weforum.org/agenda/2016/06/blockchain-explained-simply/

16. Blockchain
Technology
Source: https://www.comptia.org/about-us/newsroom/blog/comptia-blog/2017/10/30/blockchain-and-
cybersecurity---a-primer

17. The Future of
Fintech
Source: https://globenewswire.com/news-release/2016/04/18/829516/0/en/Banks-Struggle-to-Keep-
Pace-with-FinTech-Disruption-Finds-World-Retail-Banking-Report-2016.html