FinTech
China's new problem: 'Frenzy' of consumer lending creates debt 'explosion'
August 18 2017. KEY POINTS Corporate debt in China is falling, but short-term consumer debt is surging, says Deutsche BankSo in aggregate, China is still growing more indebtedThe Chinese government is moving to tackle high debt levels, but the country is still borrowing more, Deutsche...
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Riskier Loans Spike As Indian Banks Chase Credit Growth
September 26, 2017. As corporate borrowing growth remains low and competition increases in home and auto lending, large Indian banks have turned to a riskier bet: unsecured loans to individuals. Outstanding credit card debt rose over 30 percent year-on-year in July and personal loans increased...
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Five megatrends that will change financial services
This publication identifies the clusters of innovation that are affecting business in the financial services industry: primary accounts, payments, capital markets, investment management and insurance. For the last year and a half Deloitte worked with the World Economic Forum to conduct a large study (below)...
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Forget fintechs, banks need to worry about Alibaba and Amazon
October 26, 2017. Banks may have seen off the challenge from fintech startups but they now face the far bigger threat of platform giants such as Amazon and Alibaba eating into their margins, warns a new report from consultancy McKinsey. Originally published at this link....
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Transforming Banks into Tech Companies
March 19, 2018. While consumer-facing tech like real-time payments and mobile banking hold great promise for banks, updates to behind-the-scenes infrastructure could be the key to cost savings and competitive advantage. Written by Bruce Hamilton,Equity Analyst,European Financials - Originally published at this link....
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Credit is older than money (and fintech)
January 14, 2016. “Nothing can be so amusingly arrogant as a young man who has just discovered an old idea and thinks it is his own.” (Sidney J. Harris) And this is why I am so amused by the non-stop fintech chatter. Written by Gaurav...
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How fintech startups are using big data to solve China’s huge credit gap
October 02, 2017. It was almost Angel Zhang’s 22nd birthday. She wanted to do something special, spend a little extra on herself. But instead of asking her parents for more money – they give her a US$300 monthly stipend – she used Huabei, a virtual...
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