Fintech is growing, and continues to evolve
The industry has expanded since 2010 with global investments increasing 800% to a peak of US$26b in 2015
COMPANIES and their management teams fall into four categories of progressive phases, when faced with a disruptive change.
The Naysayers: who deny any meaningful impact from a new technology or process; and worse still, gather facts to disprove its usefulness. This is why startups are difficult, and why new technologies tend to be disruptive rather than augmentative.
The Charlatans: who publicly say that their firm is using new technologies and techniques, because it seems like a good marketing pitch, but in reality are doing very little internally to actually incorporate its usefulness. This stage is present when a new technology has developed sufficiently to be noticeable, but is still below critical mass or unproven.
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