Fintech Startups Aren’t Going Anywhere & They’re Changing the Way We Do Business

23273130005_f8c800bcfe_oThe sizzling hot buzzword, fintech, an amalgamation of finance and technology, has appeared within the pages of countless publications. This term packs power because of  its disruptive abilities. In fact, Netflix, Apple, and Facebook are prime examples of companies that have disrupted industries and sparked new initiatives and startups. Fintech is impacting every modern industry.

Apple and the other companies understand that fintech plays an active role within their industry, altering the way money is invested and managed. Also, it alters the way people get loans and do financial research. For this reason, fintech will only get bigger. Last year, global investment into fintech companies reached nearly $20 billion, with most of that backing coming from venture capitalists. Within just two years, the number of venture capitalists acting as investors increased by 106 percent in 2014.

OurCrowd is a company that allows the public to invest alongside angel investors and venture capitalists, with funds directed toward pre-vetted startups. Platforms, such as Slingshot Insight, is revolutionary. It brings crowdfunding to research, enabling the public to pool money in order to access analysis and interviews from industry experts. This can be helpful for those who seek advice from doctors about digital medicine and biotech stock. The platform TipRanks is now a go-to source for those researching analyst ratings. This particular platform makes it easier to select the right select the correct stock while the application Quantcha makes it easier to search through trade options.

When it comes to finding information about an active return on an investment or the performance of an investment against a market index, Prattle, Running Alpha, Metricle, and HedgeSPA are valuable companies, offering investors unique data points for investors. Also, for those interested in ways to organize and analyze new data, companies like uxMarketFlow, Ormsby Street,  and Alpha Hat are incomparable resources. SeedFeed is valuable for those interested in a comprehensive platform that has aggregated crowdfunded real estate investments.

All of this is to say that fintech is more than investing, it’s responsible for alternatives in lending and financing. Credibly and similar companies are responsible for helping to rescue smaller businesses, and Financial lends a hand by helping businesses connect with the best possible lenders to provide owners with personal loans. Once a business owner has secured a loan and found that they’re struggling with repayment, they can turn to CommonBond, which helps them to refinance.

While fintech is about far more than investing, it has made investing easier for those without the time or energy to do their own research, or they require recommendations or direct stock picks. Tradespoon, Trade Ideas, Stockal, and Vetr are some of the companies responsible for educating men and women about investing and trading.

While fintech is relatively new, it’s already changing. Traditional institutions are bending to adapt to new competition, proving to be better for investors. The fintech realm will only expand. The aforementioned companies are just a small chunk of the industry, and what’s happened barely hints at what’s to come. Traditional brokerages and banks will introduce their own fintech product, which will be better for investors looking to keep their funds attached to brick and mortar institutions.

 


David E. Mickey is a financial executive based in Buffalo, New York, and he’s an Enterprise Sales Executive at Docupace Technologies. Please visit his websites to learn more: http://davidemickey.com; http://davidemickey.net/; and http://davidemickey.org/.

4 New Fintech Startups Primed to Take on the Finance Industry

18293552513_e473df2764_oThere were four new fintech startups recently fingered at London’s O2 arena, where companies pitched to investors and enthusiasts. The event was hosted by Barclays and Techstars, which is one of the world’s largest startup accelerators.

Curva

One of those fintech startups happens to be Cuvva, which is a British startup that permits users to purchase car insurance for someone else’s vehicle by the hour. This is done via a smartphone app. This enables friends to use another’s car legally, equipping them with flexible insurance. The iPhone app (the Android app is still underway) verifies users by taking a photo of an individual’s driver’s license and a selfie. A number of metrics are taken into account to calculate the cost of hourly insurance. The developer hopes to want to maneuver the app into a marketplace platform, and he’s in major car insurer to purchase hourly coverage of their own car.

Zighra

Zighra, another selected startup, has devised a method by which a user’s behavioral traits, rather than eye scan or fingerprint is used as a way to gain entrance to one’s smartphone. The pressure applied to the screen of the phone and the angle in which they hold their phone. This tool is used as an application for other institutions, and will not be a separate app. This proposes an invisible layer of security that reacts to interaction with the screen. Interaction with the screen generates an individualized score by the user, which differs from anyone else. Presently, Zighra is working with one of the nation’s top insurance companies and Canada’s top two banks to integrate solutions into their program.

Helm

Helm is yet another incredible fintech startup, which was founded by an ex-JPMorgan compliance chief. The app can inform businesses when they aren’t meeting regulations and laws. The software stands as a database that houses rules, and it notifies compliance managers at firms. This removes the need for lawyers and eases steps toward compliance. Additionally, Helm enables regulators to consult institutions via the platform forthcoming regulations.

DigiSEq

Co-founded by Terrie Smith, one of the developers of Apple Pay, is DigiSEq, a platform that allows companies producing devices with devices with near-field communication technology, removing the complexities of security and delivering secure application data. The company partners with a number of manufacturers to make sure they offer a complete array of services.

Fintech will truly bring forward a future where consumers can feel secure, protected, and informed.


David E. Mickey is a financial executive based in Buffalo, New York, and he’s an Enterprise Sales Executive at Docupace Technologies. Please visit his websites to learn more: http://davidemickey.comhttp://davidemickey.net/; and http://davidemickey.org/.