1 week Ago By Alex Lazarow, Senior Contributor
Share to Facebook Share to Twitter Share to Linkedin The Great Diffusion As we stand on the cusp of The Great Diffusion (the topic of my recent Tedx talk), an era defining shift from consolidated power to a more decentralized and distributed framework, financial services find themselves at a crossroads. The coming wave promises to reshape industries, none more so than the guardians of our capital. Here are critical questions financial services must grapple with in this new era: How is Fintech Powering Diffusion? A range of emerging tools are powering diffusion in financial services.
Banking as a services platforms are allowing anyone to offer a bank account, credit card or insurance policies. Companies like Plaid, and Open Banking regulations are making interconnectivity of accounts much simpler, thus decreasing the value of centralized single service (incumbent) players. No surprise we’ve seen an explosion of fintech activity over the last decade.
But what will the next few decades bring? Apple Confirms Widespread iPhone Changes Coming To Millions Of iPads UFC 301 Results Bonus Winners On Huge Night For Brazilian Fighters UFC 301 Results Fighter Suffers Rare TKO Via Leg Gash Can Inclusivity Become a Core Tenet? Technology has the potential to bring financial services to the masses, including those previously underserved or excluded by the traditional banking sector. We’ve already seen the impact of mobile banking in Africa, or government backed systems like PIX and Aadha.
