FUTURE OF FINANCIAL SERVICES FINTECH andor BANKS Presented

FUTURE OF FINANCIAL SERVICES FINTECH and/or BANKS Presented by Simeon Ononobi

WHAT IS THE FUTURE OF FINANCIAL SERVICES?

IS IT A BETTER BANKING SYSTEM? • Banks will continue to Render banking • Banks will remain traditional • Banks will be Banks • Bigger and Better but still remain A BANK

Are Fin-Techs BANKS? Definition: Financial technology (Fin. Tech or fintech) is the new technology and innovation that aims to compete with traditional financial METHODS in the delivery of financial services.

Types of Fin-Techs? 1 Wealth Management: These are typical wealth mgmt service providers. Investment Management, Money Management, Loan Fin. Techs E. g: Betterment | Investing Made Better. 2 Alternative Finance: These majorly include: marketplace lending platforms (B 2 B, B 2 C, C 2 C, etc. ), or even crowdfunding platforms. E. g: Peer to Peer Lending & Alternative Investing 3 Payment Platforms: Basically efficient integrated Payment solutions. E. g. : www. simplepay. ng

Types of Fin-Techs? 4 Blockchain Based Solutions: For years these have been limited to just cryptocurrency based fintechs (example: Buy and Sell Bitcoin in U. S, UK & Malaysia), but now include a wide range of solutions (check out the swedish land registry on the blockchain, enabled by: Chroma. Way)