Why Does Disruption in Financial Services Come from Below? By Jeremy Liew On March 19, 2012 I recently did a guest post on PandoDaily about how big data and machine learning is creating disruptive financial services companies.
Although there are some notable exception, it is interesting to note that most of these companies are playing in the bottom end of the market. This is not true just for lending businesses like Zestcash*, Wonga, Progreso Financiero and Lendingstream, who are all targeting subprime customers. In payments, Paypal initially targeted Ebay sellers when traditional credit card processors were focused on much bigger merchants.
Today, Square targets individual proprietors, most of whom considered themselves too small to take credit cards before Square. Future of mobile payment will be more about relationships. Mobile payment is grabbing the spotlight at Mobile World Congress 2012 this year.
Carrier payment and NFC, the two major logjams in mobile payment so far, appear to be inching toward solutions for consumers. A lot of conversations around mobile payment are centering on the ideas of mobile wallets and a swipe-and-go payment experience. Fintech.
Source et veille. Future of banking. Big Data and Finance 2.0. Paiement. Social trading. PFM. Crowdfunding. P2P lending.