Jame DiBiasio’s Post

How likely is it that any of the Hong Kong virtual banks – or their counterparts in Southeast Asia – will reach the scale necessary to be sustainably profitable? Their CEOs referred DigFin to global examples of banks that have become sustainably profitable. They regularly cite KakaoBank, Revolut, and Nubank as examples. Let’s take a look at those stories. #virtualbank #digitalbank #fintech #innovation https://lnkd.in/dX7FzjQi

An interesting article in the FT. To me, "fintech" has always been somewhat of a misnomer, albeit one that is particularly good at opening the wallets of VCs, paying for a huge cash-burn-fest. Finance has always been about risk-return management; technology is merely a tool used in that pursuit. The invention of the telegraph brought us wire transfers, the introduction of the computer enabled derivatives, etc., but none of those technological innovations ever changed the core risk-return management premise. Yet for many fintechs, risk-return management seems to be a low priority, because the VCs want to see growth above anything else. This is a fairly toxic mix, and a long overdue cleanup is coming. I am a strong believer in innovation and technology; in fact at Fiduciam we use more advanced technology than at most "fintechs". But at the end of the day, it will always be about risk-return management. And this is where we, challengers, need to beat the banks! https://lnkd.in/dMewfa2G #fintech #privatedebt #directlending https://lnkd.in/dMewfa2G

I love #fintech. I love the people in fintech. We are the dreamers building the world of tomorrow. But what good is a dream if not properly actioned? Our Chief Evangelists, Richard Arundel, puts it best in this article on Financial Times. Let's change the discussion from "Banks versus fintechs" to "Banks AND Fintechs" because in my heart of hearts, I believe we need both the optimism and vision of fintechs tempered with the experience and knowledge of banks to create the financial landscape of the future. If you ever wonder what we're doing at Visa Cross-Border Solutions, we're the bridge connecting these two worlds for a more inclusive and diverse #crossborderpayments ecosystem.

Insightful article by Richard Arundel looking at the parallels between #banks & #fintechs and how combining assets gives rise to a better and more complete #moneymovement offering 💥

It's all about #partnership in the bank/fintech game - recent #baas news is just a readjustment of the model and a requirement for banks and fintechs to be better partners to each other. It's the adjustment that is needed to fuel future growth and I can't wait to see what that growth will look like when the pendulum swings back #fintech #banks #growth

“This process has started in Hong Kong, and some virtual banks will grow and strengthen their brand,” says Barbaros Uygun 胡博思 of Mox Bank. “These winners will mature into sizeable franchises and become primary banks.” Ugyun is too polite to say it out loud, but he's obviously confident Mox will be such a winner. This profile is from a series of DigFin Group CEO interviews at virtual banks asking them how they intend to become primary banks, that is, the place where customers place the bulk of their deposits. So far the numbers are actually not that good, with deposits falling and deposit sizes plummeting among the eight licensed digital banks in Hong Kong. Mox is the successful outlier in terms of customer numbers but it will still need to translate that into the kind of step changes that boosted the likes of Revolut, Nubank or KakaoBank – in an era when capital has become expensive. https://lnkd.in/gKe4NXn8

Making the Digital Transition With 4 Zeros for Financial Institutions: In the last two years, some large banks have been hit with very public, lengthy – over 10 hours – disruption of their digital banking services. And that’s just the incidents we are aware of. Cases like these highlight the fears bankers may have in moving away from legacy systems in the name of innovation. [...] The post Making the Digital Transition With 4 Zeros for Financial Institutions appeared first on Fintech News Africa. #Fintech #Africa

Navigating Fintech Disruption: How Banks Can Evolve & Compete in the Digital World In an insightful conversation with #GlobalWomanLeader Magazine, Florabel Marroquín, Individual Segment Director, Santander México speaks about Fintech’s impact on traditional financial institutions. Have a Look Here: https://bit.ly/4f77Rpf #digitalbusiness #socialeconomicsegment #potentialrefinement #operationalfoundation

When the #fintech market first began, traditional #banks barely paid it any attention, not believing that they could be truly #challenged by small-time #companies that nobody’s heard of before. Today, however, the situation is the direct opposite: banks worldwide face mounting pressure from aggressive fintechs and are struggling to maintain their positions in a market they once dominated. Some forecasts indicate that in #Europe alone, the fintech market’s value is going to go beyond $188B by 2029 — that’s almost three times today’s size ($63.5B in 2024). With fintech companies posing a very real threat, adapting to these shifting tides is a matter of survival for traditional banks. Brilliant Article - Roman Eloshvili has very well articulated: - Banks Vs Fintech - Exploring Synergy Over Competition And How does Consumer benefit?

Boost's Evolution From E-Wallet to Digital Bank Signals Malaysia's Fintech Maturity: he said in an interview with Fintech News Malaysia. Over the years, Boost has diversified its offerings, expanding beyond payments to include AI- ... #finpeform #fintech