Fintech is only 1% finished | The fintech market ft. Simon Taylor | 11:FS Explores Lightboards
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- čas přidán 9. 08. 2020
- Fintech is only 1% finished.
But what do we mean by that?
Simon Taylor, Head of Ventures at 11:FS takes us through the landscape of financial technology in this Lightboard edition of 11:FS Explores.
When you take a look at the customer numbers that financial services brands are serving in any particular segment, it’s apparent that the majority of UK Fintech brands currently operate within areas that have high customer numbers, but low value-per-customer. For example, areas with high customer numbers such as retail are being served by market-leaders such as Monzo, Starling, and Revolut. Retail is one of the most over-served markets by digital banking providers at the moment - but considering 12 million UK customers have a digital bank and the majority aren’t moving their salary into it, there is still a lot of work to be done, and that shows it.
But the biggest edge in recent times is the massive changes to the supplier landscape - from onboarding and KYC, to payments, to Banking as a Service. Prospective fintech companies now have the chance to assess the opportunity space for their proposition and to get a full view of the suppliers available to them.
With such a robust supplier landscape emerging - it means that any company can be a fintech company.
The market has blown wide open.
Sure, fintech has a great future and it's really interesting to watch how it develops.
Thanks for an interesting video!!
really informative using easy language. well done!
Nice graph ! Thanks a lot.
GOOD PIECE OF INFORMATION, WELL STRUCTURED, THANKS
Simon, your handwriting is way better than mine and you are writing backwards! Amazing talent.
hes not writing backwards he is writing normally and the camera flips it
Hi this is great would love to see more data backed analysis of where demand and supply exist
Where does 11FS fit into the landscape?
Great explanation, almost as impressive as learning to write from right to left?
It's mirrored by the video editor. He is right handed and writing normally on the glass.
Goated wtf, here before 100k ;) keep it up brotha
Very exciting
very cool way to make a graph
anyone knows what it is? Its getting popular I see.
Disruptive technologies will change the shape of the demand. The very small and very large transaction will integrate into a simple blockchain and money will demand and supply functions will not be as previously defined.Think of traditional banking like pools of water ranging from individual droplets to oceans of water. In the future water will become more like a pipeline rather than a pool of water. Unfortunately in terms of collective wealth creation will be more important than assets and status. Change will be from pools of money towards a system of flow of money. The small investor will become relatively more important and big money will become less important. The flow of money will also be accelerated to the speed at which we do cell phone banking.
Did you really just draw all of that inversed from the other side of a piece of glass???
No
He could have done it normally for himself and inverted the video
@@Fightme1v1 i dont thnik so look at the way his hand moves
@@vivekprasannakumar1826 Most of these videos show the person writing with their left hand. Most people are not left handed.
Good job utilize glass. Like John King of CNN. Well done.
Any views on the Australian and New Zealand Markets?
Impressed by your ability to write backwards
Im impressed with your ability to write backwards
I was about to say the same thing
It is not backwards, it is sort of software which mirrors what ever you write of board.. I know this, since one of teacher also teaches in the same way. Yo may checkout CA Mayank Kothari's CZcams video. You will understand what I meant
Video edited with mirror effect I think
Not backwards writing. There is an entire video how they do this. He is basically writing with his right hand but in this video it looks like he is a lefty....lol
Thanks for the video. One technical question on your studio. I have seen this is done in our corporate training videso, but never understood how it is done. How are able to write on a board and we are able to see as if you are writing on transparent board, but then again writings are if looking from the same direction as written. Very effective and interesting.
Mirror image + writing on mirror
Hey Simon looking for a career change from law to finance... these bootcamps offered by institutions such as MIT and uoft a good investment to begin with as for a career change???
Harvard has a free online Fintech course going right now . Check it out
Please make a video with the perspective of India.
Indian UPI is doing it for all of us. Similarly in China and elsewhere in Asia.
i'm bullish about india but they have to deal with delta first
I like to associate with fintech startup
Fintech has just started🚀
very cool way to make a graph , how did you manage it? the writing, the camera
I want to know too Simon Taylor
Used Glass..
The backwards writing is too impressive 😅 he does it so effortlessly
@@fintalks7901 no it's not.glass. maybe he has used a software
I'm delighted by the depth of this content. A book with similar substance broadened my intellectual scope. "Mastering Money Mindfulness" by Benjamin Hawk
Your volume axis should ve started from 0. Coordinate plane is a fixed medium where axis collide it is always 0 . You deliver the information regardless with a good pace but don't disorient from what is commonly established while displaying visual charts.
I got the opportunity to receive a BS in FinTech but I don’t know anything about it. My original plan was standard computer science... is it really worth it? Is it a gamble?
what did you do?
How do we find baas providers for our baas company!!?
This dude is really writing backwards lol next level shit
Of course he is not, he mirrored the video
it has a lot o future FinTech + Cyber Security dev ops it will never stop working every time something new will come and it will transform the Finance (not only ) world
@11:FS is fintech still only 1% finished?
It'll always be 1% finished 😉
Its looks to me as the teacher is writing on a mirror and recording from behind the mirror
Misleading title.
Well the graph intersection is weird... highest number of customers have lowest value per customer..it is opposite to traditional analysis ... anyway is understandable... thanks you..
Where does opportunities lie for Africa Fintech Ecosytem?
SEGUN ADEBAYO Makeba
Really depends, I think low-cost/transaction-free stuff like Monzo would work in Africa. Countries having more mature Fintech ecosystems are Kenya, Nigeria, SA
aplfintech.com is in Africa
Can anyone dumb this down for me
I've been watching this video for 6 minutes and wandering when this guy get to the point? An American would say it in a few words but British love to make things complicated.
It is called "strategy". Also available from McKinsey et al.
They like to show off they can speak first 😂
Hobbiate products too cater to large bank market
Sure, fintech has a great future and it's really interesting to watch how it develops.
Thanks for an interesting video!!
Thanks for watching!