BL Magazine
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Finance<br />
Words:<br />
Dave Waller<br />
or nothing<br />
but hot<br />
air?<br />
buzz goes beyond these massive companies – an army of start-ups<br />
has emerged, redesigning (and redefining) everything from small<br />
business lending to how flatmates split their bills [see box on p38].<br />
It should come as no surprise, then, that fintech is generating<br />
the sort of hype previously attached to other digital disruptersgone-mainstream,<br />
such as AirBnB and Uber. And if there’s<br />
something to be learned from the dramatic impact that those have<br />
had (on the hospitality and taxi sectors respectively), it’s that the<br />
choice facing established finance companies isn’t whether or not<br />
they should get on board with this emerging technology, but about<br />
ensuring that the change doesn’t bite them in the back pocket.<br />
As you might expect, the Channel Islands’ finance industries<br />
have been talking up the fintech opportunity. Jersey recently<br />
hosted a conference on the subject and established a high-level<br />
working group to develop a coherent strategy for the island.<br />
▼<br />
▼<br />
www.blglobal.co.uk january/february 2016 35
Change language