If it feels like there are more women in FinTech startups than ever before, then you are correct. Before 2010, less than 6% of Fintech companies had a woman as a founding member. By 2018, that rate had doubled to 20%, and by 2020, it was almost 30%. These early female startup founders are signifying a new era of financial companies with enhanced diversity, progressive thinking, and redesigning the potential of FinTech. Our panel of trailblazers will share their stories on how to gain access to the world of Fintech and took the FinTech world by storm.
At the end of this session, participants will be able to:
a. Discover how women business owners are shaping the face of FinTech.
b. Learn how to research industries and market potential.
c. Apply Fintech concepts to the dynamic world of finance and banking.
d. Understand the transformations Fintech brings to financial services.
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CEO/Founder
PICF, Inc. and The 5Fs To Love, LLC.
Christine Burkette
Eleanor Fitzgerald, Lead
Claudia Alves, Lead
Our
Team
4. Table of Contents
What is Financial Technology or FinTech?
Top Women in Fintech
Banking Before and After FinTech
Brief history of Fintech/Challenges of
FinTech
Rewards of FinTech-driven payments
What's next for FinTech?
5. A combination of the words "financial" and "technology," FinTech
is the catch-all term that applies to any technology that helps
consumers or financial institutions deliver financial services in a
novel, more convenient way.
What is Financial
Technology or
FinTech?
6. Brooke Major-Reid
Chief Capital Officer,
Affirm
Sarah Levy
CEO,
Betterment
Kelly Galanis
Head of the Americas Financial
Technology sector, Investment
Banking Division,
Goldman Sachs
Aditi Maliwal
Partner,
Upfront Ventures
7. Banking
Before FinTech
Long queues at banks
Manual transfer of payments
A ton of paperwork is involved
Banking
with FinTech
People can track how their
money moves in real-time
Online banking is available
24/7
Users can transfer the money
instantaneously through
banking apps
8. 1950
Diner's Club
released the
first universal
credit card.
1838
The electric
telegraph was
introduced for
the first time.
1982
The world was
introduced to
TradePlus, the
online brokerage
platform.
2009
The first version
of Bitcoin was
released.
2013
Google Pay was
first launched,
followed by Apple
Pay in 2014.
Arner, Douglas. “The Evolution of Fintech: A New Post-Crisis Paradigm? By Douglas W. Arner, Janos Nathan Barberis, Ross P. Buckley :: SSRN.” Social Science Research
Network, 1 Oct. 2015, papers.ssrn.com/sol3/papers.cfm?abstract_id=2676553. Accessed 5 Apr 2021.
A brief history of FinTech
9. FinTech segments
according to
transaction value
Digital payments are leading the way followed by personal
finance, alternative lending, and alternative financing.
As of January 2021
Item 1 Item 2 Item 3 Item 4 Item 5
25
20
15
10
5
0
10. The Role of
Cybersecurity
in FinTech
Because there's a lot of sensitive information involved in
banking, cybersecurity is non-negotiable. Financial
institutions must have robust cybersecurity measures to
protect the data of consumers.
Protecting data is crucial
12. Digital identity risks
Security codes and passwords
could be easily accessed.
Money laundering risk
Regulations are yet
to be improved.
Online hacking
Hackers can gain access
to your accounts.
Top Trending FinTech Risks
Dangers posed by FinTech to consumers
13. Rewards
of FinTech-
driven
payments
Benefits of FinTech-powered
payments
Greater speed
Instant transfer of funds
Enhanced transparency
There's a clear trail of where money goes
Better security
You can rest assured that your money
will not go astray
14. What's next for
FinTech?
Artificial intelligence and machine learning
will further infiltrate and improve FinTech.
Looking forward to the future
16. Next-level data protection and encryption
Secure code and architecture
Secure authentication
Good mobile encryption
Compliance
Security best
practices of
successful
FinTech
projects
17. Jim Marous
Financial institutions must
be able to deliver an easy
to navigate, a seamless
digital platform that goes
far beyond a miniaturized
online banking offering.