FinTech And Alternative Finance 'A Threat To Banks'


Technology Book

Consulting firm McKinsey has warned banks that FinTech start-ups are a threat to traditional banking's profits, giving them a choice: fight them or join them, according to a recent report from CityA.M.

"London's fintech hubs are booming, with over 12,000 start-ups disrupting financial services with products that are often cheaper for customers. This poses a real threat to banks' profits, according to a report from McKinsey.

CityAMLogo

Between 20 and 60 per cent of banks' profits are at risk, by falling margins as much as market share lost to the new competition, the report suggests.

Traditional banks must now choose whether to try to change their ways in an effort to do battle with the newcomers, or simply join them and collaborate more with start-ups, analysts write in the report."

ALTFINConfLogo1.0

Alternative Funding: New Solutions, Old Problems

The role of alternative funding for start-ups generally, including FinTech start-ups, will be a recurring theme and n our forthcoming day-long conference. Lead sponsor Cubism Law, Crowdnetic, VentureFounders and British Influence will all be examining how SMEs can find funding – and how to serve the interests of equity investors and lenders seeking quality assets and good returns. The conference will be held at the RAC club in London's Pall Mall on 12th October. The speakers will examine how in today's world it is possible to:

  • Survey alternative finance, including crowdfunding, examine seed and mezzanine equity capital, loan credit and other products from diverse sources
  • Maximise the funding opportunities of alternative finance and crowdfunding
  • Provide a balanced portfolio of high-yield debt and risk-weighted equity for individual investors and lenders
  • Create a new asset class of intellectual property, safeguarded within an agile regulatory framework
  • Drive crowdfunded economic growth in a dynamic, but ethically and transparently regulated fashion

This useful, practical, cutting-edge conference includes lunch and networking drinks. To claim the last places – with a £25 per cent discount for Money&Co. users – click here.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
NovemberOctober
September
August
July
June
May
April
March
February
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2019
2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.