DOCSLIB.ORG

FINTECH Anything but Alternative

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FINTECH Anything but Alternative FINTECH Anything but alternative Dealmakers in Technology Important disclosures appear at the back of this report GP Bullhound LLP is authorised and regulated by the Financial Conduct Authority GP Bullhound Inc is a member of FINRA EXECUTIVE SUMMARY CONTENTS 02 Executive Summary 03 THE VIEW: Claudio Alvarez and Carl Wessberg 04 Key Trends 06 Funding for Fintech remains resilient 08 Alternative Finance leading the way 10 China cements position as a leader 16 Alternative Finance 19 EXPERT VIEW: Christian Faes - LendInvest 20 Digital Payments 23 EXPERT VIEW: Jacob de Geer - iZettle 24 EXPERT VIEW: David Fock - Klarna 25 EXPERT VIEW: Oscar Berglund - Trustly 26 Data Software 29 Insurtech 32 Digital Banking 35 EXPERT VIEW: Rishi Kholsa - OakNorth Bank 36 Asset Management 40 Methodology 2 FINTECH: ANYTHING BUT ALTERNATIVE 3 THE VIEW From GP Bullhound Claudio Alvarez Carl Wessberg Director Director Over the past three years, global venture capital investment into Fintech has risen by 4.7x to $13.6 billion in 2016 and these companies are now creating significant shareholder value: there are now 39 Fintech companies valued at over a billion dollars. The reasons for the strong investment appetite are strong growth in e-commerce and a supportive clear: using technology and data, Fintech firms in regulatory environment. However, in Europe, with its developed markets are providing financial services stronger traditional financial services sector, a focus and solutions in more efficient and streamlined on disruption is giving way to collaboration and ways to fill the gap that legacy institutions have left. enablement and a “flight to class” has emerged Meanwhile, in emerging markets, Fintech firms are amongst investors targeting more mature segments, building a world-class, digital-first financial services such as alternative lending and payments. Category infrastructure. winners are already emerging and consolidation is starting to pick up pace as investors become more Fintech companies are now firmly established in the selective, and established players look to M&A to mainstream of the financial services market. Indeed, accelerate growth. it is a point of debate how symbiotic the relationship between Fintech and traditional financial institutions A clear set of messages emerges for European Fintech is. However, we can be certain that there is more to from our guest experts included in this research. come from the Fintech sector as it leverages the next First, there remains a significant market opportunity wave of innovation and we expect investment into focused on improving the user experience of financial the sector to remain resilient. services. The lines between sectors (lending, banking, payments, wealth management) are also starting Venture Capital investment into Fintech globally to blur from the consumer’s point of view, as digital remained robust in 2016 despite a challenging becomes the dominant channel for interaction. political and economic backdrop, underlining Second, Europe is able to leverage hubs of talent, the long-term attractiveness of the sector. Across strong financial services ecosystems and its regulatory Alternative Finance, Digital Payments, Data & environment. Finally, new waves of innovation are on Software, Insurtech, Digital Banking and Asset their way to provide even greater value. Management, there are now some 39 billion-dollar Fintech companies and there is a raft of companies At GP Bullhound, we work closely with many of the hot on their heels. best companies and investors in the Fintech sector. We are passionate about building more category The Fintech sector is a tale of two regions. Explosive leaders across Europe and know that Fintech is a growth in China stems from the opportunities created sector that will continue to shape the way financial by under-banked consumer and SME markets, institutions deliver services to consumers. GP Bullhound Research Source: Company data, Capital IQ, Mergermarket, CB Insights (US data), PitchBook, press articles, GP Bullhound analysis as at March 2017 KEY TRENDS KEY TRENDS 4 FINTECH: ANYTHING BUT ALTERNATIVE 5 KEY TRENDS KEY TRENDS Funding for Fintech remains resilient Investor appetite for Fintech remained strong in 2016, despite a backdrop of political uncertainty in Europe and the US and a perceived slowdown in global economic activity. Venture capital investment in 2016 totalled $13.6 billion, up 7 per cent on the stellar prior year. However, the number of investee companies fell by 100 to 840, continuing the trend towards larger fundraisings. The record-setting $4.5 billion funding of China’s Ant valued at over $1 billion: Funding Circle, Paysafe and Financial was a major contributor to the global tally. Transferwise, and we do not see that changing, given However, Fintech funding in Europe remained robust London’s prominence in financial services. at $1.4 billion and the number of companies funded hit a seven-year high at 247. Investors continue to We expect 2017 to be another year of resilience for see opportunities in Europe’s disparate financing Fintech funding in Europe and we have already seen ecosystem as well as London’s role within the global several high-profile capital raises announced: Funding Fintech sector, which remains considerable, despite Circle, iZettle, Atom Bank and Monzo. We think these the uncertainties stemming from Brexit. will set the pace for the rest of the year. We expect VC investors to continue to back established players Within Europe, the UK and Germany share the and also to increase investment in new technologies, limelight, with nine of the top ten Fintech VC rounds such as Artificial Intelligence and Digital Ledger, and being completed in the two countries. However, the new business models, such as Digital Banking. UK continues to lead the way with three companies Global - Quarterly VC-backed Fintech investment activity (2011 - 2016) Global - Quarterly VC-backed fintech investment activity (2011 2016) 231 Total Funding ($m) 224 211 202 203 210 Total of Transactions 194 192 1 17 171 19 19 160 $5.2bn $5.0bn 132 12 $4.9bn 114 104 110 101 88 88 $3.4bn $3.1bn 6 71 $2.9bn $2.4bn $2.4bn $1.9bn $1.7bn $1.6bn $1.3bn $1.0bn $0.9bn $0.7bn $0.6bn $0.6bn $0.6bn $0.6bn $0.6bn $0.6bn $0.6bn $0.5bn $0.4bn Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2012 2013 2014 201 2016 GP Bullhound Research Source: KPMG Venture Pulse, Pitchbook 6 FINTECH: ANYTHING BUT ALTERNATIVE 7 Global venture investment in Fintech companies (USD $bn) Global venture investment in fintech companies (USD $bn) Capital Invested 942 of Transactions 42 40 13.6 627 12.7 419 300 6.7 119 2.9 1.4 1.9 0.8 2010 2011 2012 2013 2014 201 2016 Venture investment in Fintech by region (2014 - 2016) Venture investment in fintech by region (2014 2016) Sie of bubble indicates total deal value 600 2016 US 201 00 2014 400 Europe 300 Asia umber of transactions 200 100 0 00 10 20 30 40 0 60 70 0 90 Total eal Value ($bn) GP Bullhound Research Source: Company data, Capital IQ, Mergermarket, CB Insights (US data), PitchBook, press articles, GP Bullhound analysis as at March 2017 KEY TRENDS Alternative Finance is the vertical with the most companies valued at $1 billion or above Of the 39 Fintech companies valued at $1 billion and above, 16 are in the Alternative Finance space and three were created in 2016 in this vertical alone - two in China and one in Hong Kong. However, whilst Asia is in a super-growth phase, Western companies are maturing. Business models are broadening out and we believe the sector is ripe for consolidation. Billion-dollar companies in this space have raised an Atom Bank and Oak North aggressively seeking to average of $670 million of equity and have achieved use their deposits base to compete with established an average valuation of $3.1 billion. Asia leads the Alternative Finance players. pack with average valuations reaching $3.7 billion, and Ant Financial is the world’s largest Fintech Higher competition, a focus on proving the company at a valuation of $60 billion. Alternative profitability and sustainability of business models and Finance in China will remain in a super-growth phase cautious investor sentiment suggest that the sector is but we also see interesting developments underway ripe for consolidation. We also see traditional banks in Western markets as companies adapt to a and financial institutions playing a more pivotal role changing market and a more cautious investor base. in the development of the market, as Alternative Finance players seek to diversify their sources of In Europe and the US, companies such as Zopa and capital towards bank funding, warehouse financing, SoFi have applied for banking licenses in order to be wholesale loans, securitisation and credit facilities, in able to raise consumer deposits and thereby reduce order to fund origination growth. All of this bodes well their cost of capital. Digital banks are also entering for the industry as it matures and becomes an enabler the Alternative Finance market, with banks such as rather than a disrupter of lending. Marcus (launched by Goldman Sachs in the US), Global marketplace lending to reach $290bn by 2020 Loan Volume 2016 (USD $bn) (USD $bn) 2020 286.3 2019 273.2 8.7 201 220.3 2017 182.8 2 2016 119.1 201 61.2 2.4x 2014 23.7 3.2 2013 9.3 US 2012 2.4 UK 1.3 1.0 2011 1.4 China 2010 1.0 ustralia Lending Club SoFi Kabbage Funding Circle GP Bullhound Research Source: Morgan Stanley; LendAcademy *Estimated 8 FINTECH: ANYTHING BUT ALTERNATIVE 9 ALTERNATIVE FINANCE LEADING THE WAY Fintech verticals 16 Companies valued at $1 billion and above by vertical 10 8 2 2 1 ALTERNATIVE DIGITAL DATA & DIGITAL INSURTECH ASSET FINANCE PAYMENTS SOFTWARE BANKING MANAGEMENT GP Bullhound Research Source: Company data, Capital IQ, Mergermarket, CB Insights (US data), PitchBook, press articles, GP Bullhound analysis as at March 2017 KEY TRENDS China cements its position as a leader in the Fintech universe 2016 saw China solidify its status as one of the leaders in Fintech, with 13 billion-dollar companies – four of which reached this valuation in 2016 – and the country’s weighting will undoubtedly increase in the coming years.
Load more

Recommended publications
  • Crowdlending in Asia: Landscape and Investor Characteristics
    Crowdlending in Asia: Landscape and Investor Characteristics November 2020 2 Table of Contents Overview 3 Methodology Overview 4 Methodology Statement 4 Crowdlending in Asia 5 Text Analytics and Insights 7 Crowdlending Investor Characteristics 15 Survey Analysis and Insights 16 Crowdlending in Asia: Landscape and Investor Characteristics | Findings and Insights | Findings and insights 3 Overview Multiple issues arise with the emergence of crowdlending; these pertain to regulation, risk management and investors’ behaviour. Compared to the non-investment crowdfunding model, crowdlending is the dominant model in the world. As of 2019, crowdlending accounted for more than 95% of the funds raised worldwide, with Asian countries – particularly China – in the lead. In early 2020, China had the largest volume of money-raising transactions from crowdfunding totalling more than 200 billion USD. However, given the industry’s potential growth in Asian countries, multiple issues with crowdfunding practices need to be resolved. Media coverage on crowdlending is increasingly widespread, as seen from how it has become a buzzword within the last few years. Media attention on crowdlending can help us understand media awareness, media framing, and public understanding of the topic. Further, there is a lack of information on distinct characteristics and decision making of crowdfunding investors in the field of investor behaviour. We analysed the news coverage on crowdlending in Asia spanning a ten-year period from 2009 to 2019. We also surveyed crowdlending investors to understand their behaviours when interacting with crowdlending platforms. Our analyses provide insights into the challenges and opportunities of the crowdlending industry in Asia. They also reveal crowdlending investors’ behaviour.
    [Show full text]
  • 2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100
    2018 FINTECH100 Leading Global Fintech Innovators 2017 FINTECH100 Leadin loba Fintec nnovators 1 1 2016 2017 Fintech100 Report FINTECH100 Leadin loba Fintec nnovators Company #00 1 | Fintech Innovators 2016 1 2015 Fintech100 Report FINTECH 100 Leading Global “ Fintech Innovators Report 2015 Company Description At a Glance Tag Line Located Year Founded Key People Website Specialisation Staff Enabler or Disruptor Key Investors Ownership Size User Engagement $ $ $ $ $ The 100 Leading Fintech Innovators Report 2016 Fintech100 Report The 50 Best Fintech Innovators Report 2014 Fintech100 Report 2 About the List The Fintech100 is a collaborative effort between H2 Ventures and KPMG. In its fifth year, the Fintech100 uncovers and evaluates the most innovative Fintech companies globally. The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally that are taking advantage of technology and driving disruption within the financial services industry. A judging panel comprised of senior partners from H2 Ventures and KPMG has decided the final composition of the Fintech100 list. H2 Ventures H2 Ventures is a global thought leader in fintech venture capital investment. Founded by brothers Ben and Toby Heap, and based in Sydney, Australia, it invests alongside entrepreneurs and other investors in early stage fintech ventures. H2 Ventures is the manager of the H2 Accelerator – Australia’s only dedicated fintech accelerator – and operates out of Sydney’s dynamic Startup Hub. Twitter @H2_Ventures LinkedIn H2 Ventures Facebook H2 Ventures KPMG Global Fintech The financial services industry is transforming with the emergence of innovative, new products, channels and business models. This wave of disruption is primarily driven by evolving customer expectations, digitalisation, as well as continued regulatory and cost pressures.
    [Show full text]
  • Lendit-Pitch Deck FINAL
    The World’s Leading Event in Financial Services Innovation April 9-11 * Moscone West * San Francisco Fintech | Blockchain | Digital Banking | Lending Sponsor Prospectus The Big Picture Unparalleled Networking and Business Development Opportunities What’s New? ● 3 Days of Content and Networking ● BlockFin Summit dedicated to content, networking and experts in Blockchain for Financial Services ● Expanded 1:1 Meetings Services to help you schedule and meet everyone on your list. Your Decision Makers in One Location 1,700+ C-Level or Higher 5,000+ Focused on Financial Services Innovation 2000 PE, VC, Institutional Investors, Hedge Funds 1500 1000 Commercial, Digital, Regional 500 AI, Blockchain, 0 CXOs Vice Directors Digital Banking, & Founders Presidents & Managers Cryptocurrency, Payments, Lending, RegTech 2017 LendIt USA Stats Driven by Content Industry Pioneers take the Stage at LendIt “It’s never been more important to understand the enablers 350+ of our global mission and there’s no more important conference than LendIt in terms of understanding the power Speakers of technology and what’s happening in the financial world” Andrea Jung President and CEO Grameen America Ash Gupta Jackie Reses Antony Jenkins Richard Cordray Peter Thiel President, Global Credit Square Capital Lead Founder & Exec Chairman Director Entrepreneur, Investor Risk & Info Management Square Capital 10X Technologies CFPB Co Founder American Express PayPal Our Audience includes Everyone You Need to Meet 800+ 500+ Investors Banks 2017 LendIt USA Stats 5 Spotlight on
    [Show full text]
  • Fintech Credit: Market Structure, Business Models and Financial
    22 May 2017 FinTech credit Market structure, business models and financial stability implications Report prepared by a Working Group established by the Committee on the Global Financial System (CGFS) and the Financial Stability Board (FSB) This publication is available on the website of the BIS (www.bis.org) and the FSB (www.fsb.org). To contact the BIS Media and Public Relations team, please e-mail [email protected]. You can sign up for e- mail alerts at http://www.bis.org/emailalerts.htm. To contact the FSB, please e-mail [email protected]. You can sign up for e-mail alerts at www.fsb.org/emailalert or follow the FSB on Twitter: @FinStbBoard. © Bank for International Settlements and Financial Stability Board 2017. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN 978-92-9259-051-2 (online) ii Preface FinTech credit – that is, credit activity facilitated by electronic platforms such as peer-to-peer lenders – has generated significant interest in financial markets, among policymakers and from the broader public. Yet there is significant uncertainty as to how FinTech credit markets will develop and how they will affect the nature of credit provision and the traditional banking sector. Against this background, a group of representatives from the membership of the Committee on the Global Financial System (CGFS) and the Financial Stability Board (FSB) Financial Innovation Network, together with the Secretariats of the CGFS and FSB, undertook this study of FinTech credit. The study draws on public sources and ongoing work in member institutions to analyse the functioning of FinTech credit markets, including the size, growth and nature of activities.
    [Show full text]
  • THE ALTERNATIVE LENDING REPORT Volume 1, No
    SmallBusinessLending.io Finance • Technology • Legal & Regulatory • Strategy THE ALTERNATIVE LENDING REPORT Volume 1, No. 2 May 4, 2017 input/output CAN ALTERNATIVE DATA SOLVE ONLINE LEGAL & REGULATORY LENDERS’ ‘ALGORACISM’ PROBLEM? MCA Funder 3 Leaf Capital Called a Fraud by Partner ........................... 3 By Tim Lloyd STRATEGY A March 2017 letter written by Con- Beyond the prevalence of high costs, Online Commercial Lending: gressman Emanuel Cleaver, II (D-Mo.), double dipping, hidden fees, misaligned How it’s Changing the Landscape ............... 4 to Consumer Financial Protection Bureau sales incentives and stacking, the HBS Live Oak Cuts Risk, Woos Director Richard Cordray raises fresh con- paper opines that new algorithms could Women in Business .................................... 5 cerns about “algoracism” tainting the credit- “create unfair or discriminatory access to FINANCE risk-scoring models used by online lenders. credit.” This problem disproportionately Online Lending Associations Rep. Cleaver’s suspicions draw heav- affects black, Hispanic and women-owned Targeting Fintech and Education ................. 6 ily from a 2016 Harvard Business School businesses, in addition to entities that NEW TECHNOLOGY paper titled the “State of Small Business operate in low-income neighborhoods. & PRODUCT LAUNCHES Lending,” which addresses digital disrup- Biased algorithm design can occur if Platform announcements, new tion’s impact on regulation. Cleaver’s let- engineers code data correlation parameters software and services, and notable ter highlighted five predatory practices with attributes that make inadvertently product releases. ......................................... 7 cited by the HBS paper as pervasive in the discriminatory assumptions, which could INDUSTRY NEWS “Wild West” of online lending and alleges be violating the Equal Credit Opportunity A recap of recent news of that risk-scoring algorithms may be Act.
    [Show full text]
  • UNIVERSIDAD INTERNACIONAL DEL ECUADOR Facultad De Ciencias Administrativas Y Económicas PROYECTO DE GRADO PARA LA OBTENCIÓN DE
    Universidad Internacional del Ecuador UNIVERSIDAD INTERNACIONAL DEL ECUADOR Facultad de Ciencias Administrativas y Económicas PROYECTO DE GRADO PARA LA OBTENCIÓN DEL TÍTULO DE MAGÍSTER EN ADMINISTRACIÓN DE NEGOCIOS DESARROLLO DE UN MODELO DE NEGOCIOS DE PRÉSTAMOS ENTRE PARTICULARES (PEER TO PEER LENDING) EN EL ECUADOR AUTOR: Diego Alejandro Montalvo Camacho DIRECTOR: Juan Francisco Romero Córdova 2018 Quito-Ecuador ii iii AGRADECIMIENTO El presente trabajo de investigación primeramente me gustaría agradecer a Dios por bendecirme con salud, fortaleza, responsabilidad y sabiduría para llegar hasta donde he llegado. Porque todo en este mundo te pertenece, a ti sea la gloria por siempre. A la UIDE, a sus autoridades y profesores por abrir sus puertas y fortalecerme en conocimientos, lo cuales son necesarios para conseguir mis objetivos profesionales. A mi director de tesis, Juan Francisco Romero Córdova por su esfuerzo y dedicación, quien, con sus conocimientos, experiencia, y su motivación ha colaborado para que esta investigación culmine con éxito. A mis padres, Diego y Rosa por apoyarme en todo momento, por los valores que me han inculcado, y por haberme dado la oportunidad de tener una excelente educación en el transcurso de mi vida. A mis hijos, Daniela y Emilio por ser mi fuente de inspiración, mi alegría, luz de mi vida, mis ganas de ser una mejor persona. No hay día que no agradezca a Dios por haberlos enviado y que me hayan cambiado la vida. Diego iv ÍNDICE CAPÍTULO I 1 1. PLAN DE INVESTIGACIÓN ............................................................................. 1 1.1 PLANTEAMIENTO, FORMULACIÓN Y SISTEMATIZACIÓN DEL PROBLEMA ......................................................................................... 1 1.1.1 Planteamiento del problema ................................................................
    [Show full text]
  • Beyond Fintech: a Pragmatic Assessment of Disruptive Potential in Financial Services
    Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services Part of the Future of Financial Services series | Prepared in collaboration with Deloitte August 2017 Foreword Consistent with the World Economic Forum’s mission of applying a multistakeholder approach to address issues of global impact, creating this report involved extensive outreach and dialogue with numerous organizations and individuals. They included the Forum's Financial Services, Innovation and Technology communities, professionals from academia and the public sector. The outreach involved over 150 interviews and 10 international workshop sessions, encouraging collaborative dialogue to discuss insights and opportunities concerning fintech disruption within the financial services industry. The holistic and global perspective of this report would not be as enriched without the support and contributions from the subject matter experts who assisted in driving our thoughts forward about the future of the financial services industry. In particular, we thank this project’s Steering Committee and Working Group, introduced in the Acknowledgements section, which played an invaluable role with their expertise and patient mentorship. Also critical has been the ongoing institutional support for this initiative from the Forum and the leadership of our chairman, whose vision of the Fourth Industrial Revolution has been inspirational to this work. Finally, we are grateful to Deloitte Consulting LLP in the United States, an entity within the Deloitte1 network, for its generous commitment and support in its capacity as the official professional services adviser to the Forum for this project. For feedback or questions, contact: R. Jesse McWaters – World Economic Forum, Lead Author [email protected] Rob Galaski – Deloitte [email protected] 1 Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (a UK private company limited by guarantee [“DTTL”]), its network of member firms and their related entities.
    [Show full text]
  • New York 2015
    Connecting the Global Online Lending Community New York 2015 April 13-15, New York Marriott Marquis lendit.co About LendIt LendIt USA is the world’s largest annual gathering of the online lending community. It is where established and emerging platforms and investors come to learn, network and do business. Last year’s US event attracted almost 1,000 attendees. This year, we expect to grow by at least 50%. 2013 375 2014 1,000 2015 1,500+ ATTENDEES PER YEAR = 100 PEOPLE Audience Breakdown Platforms 29% Institutional Platforms 29% Investors Institutional investors 27% 27% Individual investors 15% Individual Investment bankers 8% Investors Service providers 8% 15% Venture Investment Service 7% Venture Capitalists 7% Bankers Providers 8% 8% LendIt USA | New York, April 2015 p. 2 Visit lendit.co International Attendance LendIt San Francisco 2014 Country Attendees Percent USA 799 86.30% China 31 3.30% UK 22 2.40% Australia 14 1.50% Canada 7 0.80% Germany 7 0.80% New Zealand 5 0.50% South Africa 5 0.50% Taiwan 4 0.40% Argentina 3 0.30% Brazil 3 0.30% France 3 0.30% Mexico 3 0.30% Russia 3 0.30% Sweden 3 0.30% Colombia 2 0.20% Czech Republic 2 0.20% Israel 2 0.20% Puerto Rico 2 0.20% Spain 2 0.20% Brussels 1 0.10% “…LendIt 2014 was a brilliant event. Camaroon 1 0.10% The quality of the people attending, and the content of the presentations, Luxembourg 1 0.10% were awesome.” Singapore 1 0.10% Christian Faes, Co-founder, LendInvest LendIt USA | New York, April 2015 p.
    [Show full text]
  • Download Article
    Advances in Economics, Business and Management Research, volume 101 1st International Conference on Islamic Economics and Business (ICONIES 2018) P2P Lending Schemes for Funding Student SME Business 1st Nofian Deastuti Hajarsari Institut Teknonogi Bandung Bandung, Indonesia [email protected] . Abstract— Nowadays, “student entrepreneur” is being a Fintech in Indonesia comes as innovation of currents phenomenon. They usually fund their business using personal products and services provided by traditional financial saving or loan from relatives. To make their business grow, services. One of the fintech products that able to address they need to increase their funding but they are still not SME issue is peer-to-peer lending. The term peer to peer bankable. P2P lending may address that problem by providing lending (abbreviated as P2P lending) itself can be described alternative financing for student SME business. This research as an internet-based application where individuals can is focusing on finding suitable P2P lending scheme for college directly borrow money from each other [4]. The first P2P student. We do analysis of P2P lending scheme for business in lending platform is UK-based “Zopa” in 2005 and US-based four country: Indonesia, USA, UK, and China. There is also “Prosper” in 2006 [8]. In Asia, the emergence of P2P lending survey of characteristic of student SME business. In result, platform was started in China by 2007 pioneered by PPDAI most of student business is a micro business with revenue less than IDR 5 million a month with business period less than a that focused in lending for online small businesses that sell year.
    [Show full text]
  • Project Dissertation Report on PEER to PEER LENDING - an EMERGING INDUSTRY ACROSS the GLOBE
    Project Dissertation Report On PEER TO PEER LENDING - AN EMERGING INDUSTRY ACROSS THE GLOBE Submitted By: Anshu Garg 2K16/MBA/06 Under the Guidance of: Dr. Sonal Thukral Assistant Professor DELHI SCHOOL OF MANAGEMENT Delhi Technological University Bawana Road Delhi 110042 DECLARATION I Anshu Garg, student of MBA 2016-18 of Delhi School of Management, Delhi Technological University, Bawana Road, Delhi-42 declare that Dissertation Project Report on Peer to peer lending – An emerging industry across the globe submitted in partial fulfillment of Degree of Masters of Business Administration is the original work conducted by me. The information and data given in the report is authentic to the best of my knowledge. This Report is not being submitted to any other University for award of any other Degree, Diploma and Fellowship. Anshu Garg Place: Date: i CERTIFICATE FROM THE INSTITUTE This is to certify that the Dissertation Project Report titled Peer to peer lending – An emerging industry across the globe, is a bonafide work carried out by Ms. Anshu Garg of MBA 2016-18 and submitted to Delhi School of Management, Delhi Technological University, Bawana Road, Delhi-42 in partial fulfillment of the requirement for the award of the Degree of Masters of Business Administration. Signature of Guide Signature of Head (DSM) Dr. Sonal Thukral Dr. Rajan Yadav Seal of Head Place: Date: ii ACKNOWLEDGEMENT I gratefully acknowledge my profound indebtedness towards my project mentor, Dr. Sonal Thukral, Assistant professor, Delhi School of Management, Delhi Technological University for her invaluable guidance, excellent supervision and constant encouragement during the entire duration of the project work.
    [Show full text]
  • Change & Transformation Specialists for the Financial Services Industry
    aps ASSURANCE PROGRAMME SOLUTIONS CHANGE & TRANSFORMATION SPECIALISTS FOR THE FINANCIAL SERVICES INDUSTRY Digital Transformation & Innovation March 2019 APS: Disruption has happened across the board with no signs of stopping Digital spend continues to Startups and FinTechs Everyone (end increase continue to proliferate everything) is constantly connected • c. $2trillion will be spent on • There are now more than 8,000 • 80% of us check the phone Digital Transformation in 2019 - Fintech companies globally – within 15 mins of waking and more than half of this will be on 4000 of these in the UK and US 90% keep it within 3ft of us - day Workplace initiatives and Op (INSEAD) and night (IDC) Model transformation (IDC) • In the UK $1.8bn (£1.3bn) of • Approximately 40m messages/ • Within investment management cash went into Fintechs in 2017, minute sent on What’s App 68% are planning to invest more a rise of more than 150 per cent (WhatsApp) into their websites with 49% on 2016 and a bigger increase • 6.4 billion connected things in planning to spend the same as than either the US or China. 2016, up 30 percent from 2015 on security issues (Kurtosys) with an estimated 20.8 billion by 2020 (Gartner) 2 APS: 4 key trends are driving Organisations to innovate Changing Customer Expectations Today’s customers have completely different expectations set by ‘Silicon Valley’ companies -- they want Flexible Technology and Data access wherever they are, Increased and improved whenever they want and on connectivity of data whatever device (or channel); facilitates real time analytics combined with simplicity, based on accurate data, transparency, engaging and while Cloud and SaaS relevant content; and a greater solutions can enable Asset say over how their money is Managers to build flexible managed.
    [Show full text]
  • Il Crowdfunding: Una Analisi Del Modello Lending-Based
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Electronic Thesis and Dissertation Archive - Università di Pisa DIPARTIMENTO DI ECONOMIA E MANAGEMENT Corso di Laurea Magistrale in BANCA, FINANZA AZIENDALE E MERCATI FINANZIARI Il crowdfunding: una analisi del modello Lending-based Relatore: Prof. Roberto Barontini Correlatore: Candidato: Prof.ssa Elena Bruno Giacomo Cesarano Anno Accademico 2014-2015 Ai miei nonni, Giacomo e Francesco, per i valori trasmessomi: Caparbietà e Orgoglio, Onestà e Sacrificio. Abstract Il crowdfunding è una forma di finanziamento nata recentemente negli Stati Uniti, che oggi si sta diffondendo livello globale. Si tratta di un modo innovativo di raccogliere fondi da un grande numero di persone utilizzando la rete internet e social media. In questa tesi si esplora una specifica tipologia di crowdfunding, orientata al finanziamento di soggetti privati o di specifici progetto di business. Si tratta del cosiddetto “lending crowdfunding”, nel quale la “ricompensa” per i finanziatori è rappresentata dall‟interesse percepito alla scadenza dei prestiti. Nella prima parte della tesi è analizzato il fenomeno del crowdfunding nella sua accezione più ampia, dalle origini della parola e il suo significato fino allo sviluppo delle diverse tipologie, considerando le diverse classificazioni presenti nella letteratura. Concentrando quindi l‟analisi sul segmento lending, si è cercato di analizzare i possibili rischi che gravano sui diversi attori del peer to peer lending, e le potenziali misure, normative e non, volte a mitigare queste alee. Nel terzo capitolo si propone inoltre una analisi dello stato attuale della regolamentazione negli Stati Uniti e nei maggiori paesi dell‟Unione Europea: particolare attenzione sarà dedicata al Regno Unito, leader indiscusso del settore e primo paese al mondo ad attuare una normativa ad hoc che ha consentito lo sviluppo del mercato.
    [Show full text]