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The pandemic acted as an accelerant for digital services in 2020. This year, the momentum will continue, and we will see big leaps in the FinTech space, primarily focused on user experience.
Here are my #fintech predictions for 2021…. A thread https://bit.ly/3pE8vS6
Here are my #fintech predictions for 2021…. A thread https://bit.ly/3pE8vS6
1/ Autonomous finance in retail banking
Personal financial management will see the emergence of intelligent “self-driving” platforms, where money moves automatically and intelligently.
@astra_finance, @Wealthfront & #Otomo already on it
Personal financial management will see the emergence of intelligent “self-driving” platforms, where money moves automatically and intelligently.
@astra_finance, @Wealthfront & #Otomo already on it
2/ Buying insurance becomes user-friendly
Buying insurance (esp. life & health) is an arduous, painful task.
Winners will carry a consumer from prospect to policy in a fully digital environment.
Paving this path: @FinaeoHQ (portco) @breathelifeins @PolicyMeHQ @EmmaAssurance
Buying insurance (esp. life & health) is an arduous, painful task.
Winners will carry a consumer from prospect to policy in a fully digital environment.
Paving this path: @FinaeoHQ (portco) @breathelifeins @PolicyMeHQ @EmmaAssurance
3/ Money on demand (unobstructed flow of capital)
Access to capital for small businesses & consumers will be made easier + simpler through intelligent alternative lending platforms.
Ex. of new age credit businesses delivering these experiences: @zayzoon @goPeer_ca @sezzleinc
Access to capital for small businesses & consumers will be made easier + simpler through intelligent alternative lending platforms.
Ex. of new age credit businesses delivering these experiences: @zayzoon @goPeer_ca @sezzleinc
4/ Online live shopping will be a thing in North America & Europe
It's already huge in Asian markets (2019->$60B in sales; 2020-> ~$242B).
In the US, it was ~$1B (2019). In 2021 and beyond, it will be much bigger
@Bambuser & @livescaletv are the leaders
It's already huge in Asian markets (2019->$60B in sales; 2020-> ~$242B).
In the US, it was ~$1B (2019). In 2021 and beyond, it will be much bigger
@Bambuser & @livescaletv are the leaders
5/ Employee benefits will become personalized, offering flexible ways to spend within a certain allowance
@AyaPayments (portco), @starshiphsa @lively are improving the user experience for HSAs & wellness spending accounts by offering prepaid debit cards & a mobile app companion
@AyaPayments (portco), @starshiphsa @lively are improving the user experience for HSAs & wellness spending accounts by offering prepaid debit cards & a mobile app companion
6/ The crypto momentum will accelerate through 2021
#Bitcoin
will become an asset that retail investors will hold more prominently in their @Wealthsimple or @RobinhoodApp accounts (assuming RH is still around!). However, it won’t become a dominant currency for commerce just yet.
#Bitcoin
will become an asset that retail investors will hold more prominently in their @Wealthsimple or @RobinhoodApp accounts (assuming RH is still around!). However, it won’t become a dominant currency for commerce just yet.
7/ more mega-mergers and IPOs
As the market for #SPACs develops & matures, smaller companies will want to IPO sooner, esp. if the current trend of public markets outpacing private market valuations continues.
Don't blink!
As the market for #SPACs develops & matures, smaller companies will want to IPO sooner, esp. if the current trend of public markets outpacing private market valuations continues.
Don't blink!
