Showing posts from August, 2015

Fintech disruption

  Being interested in the application of new technologies (understand how a traditional business model can be disrupted by new IT products, like taxi industry with Über, postal services impacted by the mail or leisure business (with AirBnB and the hotel industry)), I thought banking industry was worth some readings (a special report of The Economist to name it).     First, let's recap of what the core banking business is: organize the market place between borrowers and savers. Banks live on the interest margin between the two market players; organize the market payments, through offering several payments possibilities (credit cards, debit cards, international transfers etc.). Your local branch is charging you for this service; charging clients for several advices, like for brokerage or investments, for example. All those three activities are, more or less, equally important in a global banking revenue (I don't take here specialized banks, like