Is FinTech a crowdfunding offspring?

By Hector Botero CrowdFundBeat Sr. Contributing  Editor, President & CEO at iCrowdNewswire, LLC Wikipedia describes FinTech as: Financial technology, also known as FinTech, is a line of business based on using software to provide financial services. Financial technology companies are generally startups founded with the purpose of disruptingincumbent financial systems and corporations that rely less on software. Global investment in financial technology more than tripled to $4 billion in 2013 from $930 million in 2008. The nascent financial technology industry has seen rapid growth over the last few years, according to the office of the Mayor of London. So FinTech may or may not have been born alongside the crowdfunding phenomenon but the dates work and no one can deny that disruptive trends grow faster when hand in hand with larger overriding developments and so it may be that FinTech starts to break out as one of the children of crowdfunding ready to grow up and fulfil its destiny.           In a recent Financial Times article on the subject “McKinsey warns banks on earnings threat from technology” FT talks about the digital revolution preparing to wipe out two-thirds of the banking sector earnings. According to FT the McKinsey […]

Is FinTech a crowdfunding offspring?: CrowdFund Beat.