Fintech

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  • 11 Jul 2016

    Disruptive Innovation: Getting Sand Between The Toes

    Will the introduction of the regulatory sandbox enable new entrants to the financial services advice arena to challenge the established adviser way whilst bringing the concept of robo-advice more to the fore? THE THEORY OF DISRUPTIVE INNOVATION ... ... was first coined by Harvard professor Clayton M. Christensen in his research on the disk-drive industry and later popularised by his book The Innovator’s Dilemma, published in 1997. It explains the phenomenon by which an innovation transforms an existing market or sector by introducing simplicity, convenience, accessibility, and affordability where complication and high cost are the status quo. Initially, a disruptive innovation is formed in a niche market that may appear unattractive or inconsequential to industry incumbents, but eventually the new product or idea completely redefines the industry.
  • 15 Apr 2016

    FAMR: Report is Out

    In a nutshell the FCA report seeks to address three main concerns as this extract details: 1. AFFORDABILITY We believe that the RDR has brought about a positive step change in the quality of advice available to those with larger amounts to invest. However, steps need to be taken to make the provision of advice and guidance to the mass market more cost-effective. We make a number of recommendations intended to allow firms to develop more streamlined services and engage with customers in a more effective way. These include a proposal that the FCA should set up a dedicated team to help firms developing mass-market automated advice models to bring these to market more quickly, and that HMT should consult on amending the definition of regulated advice.
  • 04 Feb 2016

    Financial Advice Market Review: Is this RDR 2?

    SO WHAT DID WE CONCLUDE? We are convinced that financial advice is needed by the mass affluent, and even those with more simple financial needs, though more cost effective methods of distribution and advising must be designed and implemented. The FCA will publish their output from the review in the spring and will pave the way for the re-introduction of simplified advice methods, complemented by ‘roboadvice’, where technology will play an increasingly important role in the advice process.
  • 01 Dec 2015

    So ‘Y’ are the Millennials Different?

    The ‘Veteran’ Generation worked hard and respected authority. Their experiences through World War Two moulded them into a group who believed performing their duty was more important than having fun and rules were there to be followed. Work was an obligation. This had a significant impact on the leadership styles that they responded to and the motivational factors that drove them on. ‘Baby Boomers’ saw the post war rewards for hard work and became workaholics. They felt stifled by authority and openly challenged it. They viewed itself as an exciting adventure. By the time the ‘Gen X’ers’ came to the fore
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