Fear Fintech? Embrace Fintech

Fear Fintech? Embrace Fintech

KMCWeb Fear Fintech? Embrace Fintech

Ken Carmody

The fintech scene is booming. Berlin, London, Silicon Valley and New York City-based fintech start-ups are disrupting the traditional financial services industry. These innovators are garnering incredible amounts of investment, 2014 witnessed $12.2 billion worth of investment in fintech ventures and 2015 numbers are set to show more than $20 billion. The fintech sector is estimated to be worth almost $5 trillion so safe to say that it is fast becoming a major sector bringing with it challenges and opportunities to the incumbent players of the financial services arena. How will this juggernaut affect wealth management? (more…)

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