{"id":17315,"date":"2023-09-26T10:00:19","date_gmt":"2023-09-26T10:00:19","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17315"},"modified":"2023-09-26T10:00:19","modified_gmt":"2023-09-26T10:00:19","slug":"global-fintech-fest-report-highlights","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/global-fintech-fest-report-highlights\/","title":{"rendered":"Global Fintech Fest Report Highlights"},"content":{"rendered":"<p>Global Fintech Fest and Boston Consulting Group recently published a <a href=\"https:\/\/media-publications.bcg.com\/the-second-wave-resilient-inclusive-exponential-fintechs.pdf\">report on fintech trends<\/a> and ideas. Here are 10 key report highlights:<\/p>\n<ul>\n<li>COVID-19 has been a deeply clarifying journey for fintechs with fiscal prudence, sustainable differentiation, high-quality governance and resilience all being key phrases now finding favor amongst fintechs.<\/li>\n<li>Fintechs are increasingly finding avenues to complement or collaborate with incumbents instead of acting as competitors.<\/li>\n<li>Data clearly shows that investment appetite in critical and emerging technologies can create long-term advances in financial services.<\/li>\n<li>Digital public infrastructure has been a significant innovation, allowing for long-term investments and standards to evolve through protocols as well as private innovation to take over and drive growth.<\/li>\n<li>For traditional financial institutions, working with fintechs is no longer optional. It is now a necessity that unlocks operating efficiency, customer convenience and employee experiences.<\/li>\n<li>It is absolutely critical to build much greater diversity in risk capital, possibly even by unlocking patient pools of capital through a special purpose sovereign wealth fund structure.<\/li>\n<li>We are entering a phase of sharp focus on profitability and self-funded growth. This is manifesting in the form of greater focus on sweating the asset and franchise that has already been built instead of running more experiments.<\/li>\n<li>Founders and boards should plan more sufficiently for IPOs.<\/li>\n<li>Investments in critical and emerging technologies (e.g. AI, cloud, quantum, blockchain, high-speed internet) can unleash innovation and productivity enhancement in ecosystems; however, the coming decade will most likely require 10 times more of such investments.<\/li>\n<li>The fintech ecosystem in India has evolved in a very unique and sophisticated manner, with three classes of players (service providers, core system providers and digital public infrastructure). Because all three have evolved in a large scale and complex ecosystem, they are quite robust and mature and are likely to cross borders to various economies as either protocols or software-as-a-service (SaaS).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17315 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Robots More Trusted Than Humans to Manage Finances'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/robots-more-trusted-than-humans-to-manage-finances\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/02\/aa830f07-4ef4-4f29-92e2-224a80646e4c1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15775\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15775'>\n\t\t\t\tRobots More Trusted Than Humans to Manage Finances\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='CBDCs Coming to Europe?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/cbdcs-coming-to-europe\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/05\/6761-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17120\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17120'>\n\t\t\t\tCBDCs Coming to Europe?\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How to identify a phishing site'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-to-identify-a-phishing-site\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/how-to-identify-a-phishing-site-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11368\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11368'>\n\t\t\t\tHow to identify a phishing site\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Global Fintech Fest and Boston Consulting Group recently published a report on fintech trends and ideas. Here are 10 key report highlights: COVID-19 has been a deeply clarifying journey for fintechs with fiscal prudence, sustainable differentiation, high-quality governance and resilience all being key phrases now finding favor amongst fintechs. Fintechs are increasingly finding avenues to &hellip;<\/p>\n","protected":false},"author":12,"featured_media":17316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17315"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17315"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17315\/revisions"}],"predecessor-version":[{"id":17318,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17315\/revisions\/17318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/17316"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}