[NEW] Fintech : Tout savoir sur ces startups qui bousculent les banques | j fintech – POLLICELEE

j fintech: คุณกำลังดูกระทู้

Fintechs : de quoi s’agit-il ? Fréquemment employé, le terme de Fintech (Finance Technologie) est pourtant rarement défini. Nombreuses sont les entreprises se présentant comme Fintech et le thème de la concurrence entre Fintech et banque est récurrent dans les médias. Pour y voir clair, Selectra vous propose une définition de la Fintech et un panorama sur ce nouveau secteur. Qu’est-ce qu’une fintech ? Selectra vos répond.

C’est quoi une Fintech ?

Définition d’une Fintech

Une Fintech est une entreprise qui développe une technologie numérique innovante pour optimiser un service financier. Les Fintechs cherchent à proposer des services financiers plus efficaces et à moindre coût. Le terme de Fintech remonte aux années 1980 et résulte de la contraction des mots finance et technologie.

Les Fintechs sont généralement des startups, c’est-à-dire des entreprises jeunes, anticipant une forte croissance, et fondant leur activité sur une innovation. Cependant de grands groupes, ancrés de longue date dans l’innovation des services financiers, se présentent parfois comme des Fintechs. De jeunes entreprises de la Fintech ont également connu un fort succès et rapidement dépassé l’échelle d’une startup ; on parle parfois de scale-ups Fintechs.

83% des Français ne connaissent pas les Fintech, portant ils sont nombreux à les utiliser dans le savoir. (Deloitte – Les Français et les Fintech)

Plusieurs sortes de Fintech : Paytech, Roboadvisor, Insurtech,…

Pour une définition plus précise, on peut distinguer plusieurs catégories de Fintech.

Définition des Fintechs par catégorie

Type de Fintech
Définition
Exemples

Paytech
Solution d’optimisation de tous types de paiements
Leetchi, Le PotCommun, Lydia, Pumpkin, IbanFirst, Obvy
Roboadvisor
Conseil en investissement et gestion de portefeuille numérisés voire automatisés
Yomoni, Marie Quantier, Advize, WeSave, Nalo
Insurtech
Innovation numérique dans le domaine de l’assurance
Alan, Shift Technology, Minalea, Testamento, Inspeer

Regtech
Innovation destinée à simplifier le suivi des contraintes réglementaires financières
Amfine, Scaled Risk, Neuroprofiler, Fortia

Néobanque
Banque dématérialisée proposant des services bancaires innovants et à moindre coût
Revolut, N26, Nickel, Orange Bank, Qonto, Shine, Ditto Bank

Cash management
Solution numérique de gestion des dépenses personnelles ou des flux de trésorerie d’une entreprise
Linxo, Bankin, Yolt, Gest4U

Crowdfunding ou Crowdlending
Plateforme de financement participatif faisant appel à un grand nombre de personnes pour financer un projet
KissKissBankBank, Credit.fr, WiSeed, Bolden, WeShareBonds

Comparateur
Solution de comparaison de produits financiers (comptes bancaires, crédits, placements, etc.)
Selectra, MeilleureBanque

Les Fintech ne cessent d’innover, aussi ces quelques catégories ne sont-elles pas exhaustives. Certaines Fintech, pionnières sur un marché, n’appartiennent à aucune de ces catégories. Un exemple : Yelloan, une startup qui simplifie l’accès au crédit.

Les Fintech en France

Paris et la France : un hub pour les Fintech

Dans le domaine des Fintechs, la France se montre particulièrement dynamique. L’association professionnelle France Fintech identifie 350 Fintechs en France en 2018, parmi lesquelles 234 exercent une activité régulée par l’ACPR ou la Banque de France.

Les Fintech en France : chiffres-clésSelon une étude réalisée par le cabinet de conseil Exton Consulting, en partenariat avec la startup Invyo et NewAlpha Asset Management en 2018, 30% des Fintech françaises avaient moins de 2 ans début 2018, et 46% entre 3 et 5 ans. Les Fintechs de financement alternatif (crowdfunding, crowdlending) sont les plus nombreuses et représentent 19% des Fintechs françaises ; suivent les paytechs, avec 18%.

logo_lendix
Parmi les Fintechs françaises, seule Lendix atteint la première moitié du classement Fintech100.

Mais les Fintechs françaises sont parfois aussi comparées à une forêt de Bonzaïs : de nombreuses jeunes pousses, dont un petit nombre seulement parvient à s’imposer comme un acteur majeur dans le monde de la finance. Pour l’instant, aucune Fintech française n’a réussi à se hisser au statut de licorne, conféré aux startups valorisées à plus de 1 milliard de dollars. En 2018, on compte 27 licornes Fintech dans le monde, la plupart basées aux Etats-Unis.

Publié par le cabinet d’audit KPMG, le Fintech 100 (classement annuel des 100 Fintech mondiales les plus innovantes et à plus fort potentiel) ne cite que trois Fintechs françaises en 2018 : Lendix (45ème) ainsi que +Simple et Shift Technology. En 2017, le classement citait également Lydia, Qonto, IbanFirst, Payfit et Alan. En comparaison, le Royaume-Uni totalise 12 Fintch dans le top 100 en 2018 et l’Allemagne 4. Seule une Fintech européenne, Atom Bank (Royaume-Uni) atteint le top 10.

Levée de fonds et financement de Fintech en France : un écosystème

Les Fintechs recourent massivement à la levée de fonds pour financer le démarrage de leurs activités. Selon KPMG, les 100 startups citées dans le classement Fintech100 ont récolté 52 milliards de dollars de fonds de capital risque en 2017. Avec des développements informatiques lourds et un seuil de rentabilité élevé, nombreuses sont les Fintechs contraintes de recourir aux financements extérieurs pendant plusieurs années. N26, la startup allemande devenue prodige de la néobanque, vise par exemple d’atteindre la rentabilité en 2019, soit 6 ans après sa création.

En France, la place de Paris est un rouage essentiel dans l’écosystème des Fintech : le rythme de création de Fintechs et leur croissance reposent en grande partie sur le financement assuré par les fonds d’investissement implantés dans la capitale. Au premier semestre 2018, les levées de fonds Fintech représentent 218 millions d’euros, répartis sur 34 opérations : un niveau record. Un montant qui reste cependant derrière celui observé au Royaume-Uni, mais tend à rattraper son retard.

En termes de financement, la ressource est là désormais. Dans le capital-développement, les Français sont passés de la queue à la tête du peloton. Une nouvelle vague arrive, plus technologique, avec des modèles d’affaires plus complets, des projets mieux financés et des ambitions d’emblée européennes.

Alain Clot Président de France Fintech

  • Les principales levées de fonds de Fintechs françaises en 2018
  • Ledger : 61 millions d’euros (janvier)
  • Lendix (aujourd’hui appelé October): 32 millions d’euros (juin
  • Alan : 23 millions d’euros (avril)
  • Qonto : 20 millions d’euros (septembre)
  • IbanFirst : 15 millions d’euros (novembre)
  • Lydia : 13 millions d’euros (férvrier)
  • Tiller Systems : 12 millions d’euros (juin)
  • LemonWay : 10 millions d’euros (juillet)

Les Fintech et la banque

Fintechs et banques : concurrentes et complémentaires

paiement_especes
Le paiement en espèces fait partie des habitudes remises en cause par l’émergence des Fintechs.

D’une part, certaines Fintechs empiètent sur des secteurs réservés aux banques de détail : le paiement (paytechs), les services bancaires du quotidien (néobanques), le crédit (crowdfunding et crowdlending). Nombre de Fintechs ne sont pas des banques, mais permettent à l’utilisateur de contourner les banques pour certaines opérations. En outre, les comparateurs accentuent la concurrence entre établissements bancaires, puisque le consommateur a désormais accès à toutes les offres du marché. L’asymétrie d’information s’est résorbée.

D’autre part, certaines Fintechs sont complémentaires aux activités traditionnelles de la banque. C’est le cas des regtechs, qui simplifient le suivi des contraintes réglementaires appliquées aux acteurs de la finance ; mais aussi des paytechs, qui en collaboration avec les banques, peuvent compléter l’offre de celles-ci pour mieux l’adapter aux besoins de leurs clients.

Bousculées par la révolution du digital, les banques sont contraintes d’adapter leur modèle. Toutefois, les banques semblent opter pour la collaboration avec les Fintechs afin de mieux réagir. Les banques ne peuvent ignorer la révolution digitale et ont besoin d’intégrer les innovations des Fintechs pour y faire face.

En réalité, la banque de détail est davantage menacée par les GAFA (Google Apple Facebook Amazon). D’une part, ces géants bouleversent les comportements financiers des utilisateurs. D’autre part, dotés de ressources colossales, ceux-ci développent leurs propres moyens de paiement et des services qui viennent concurrencer la banque, parfaitement adaptés à la révolution digitale. De nombreuses Fintechs représentent alors des partenaires pour les banques, afin de leur permettre de faire face à cette concurrence accrue.

Banques et néobanques : les meilleurs ennemis ?

Parmi les différentes Fintechs, les néobanques sont peut-être celles qui viennent le plus directement concurrencer les banques de détail. Les néobanques empiètent sur leur secteur de prédilection, les services bancaires du quotidien aux particuliers ou aux entreprises.

Principales néobanques en France

Néobanque
Création
Cible

Utilisateurs en 2018 (monde)

N26
Allemagne 2013
Particuliers et entreprises
1 500 000

Revolut
Royaume-Uni 2015
Particuliers et entreprises
3 000 000

Nickel
France 2012
Particuliers
1 000 000

Orange Bank
France 2018
Particuliers
200 000

Qonto
France 2016
Entreprises
25 000

Qui sont les néobanques ? Des entreprises souvent indépendantes des grands groupes bancaires, qui repensent l’approche des services bancaires et proposent ceux-ci à moindre coût. En règle générale, les néobanques ne proposent pas encore tous les services d’une banque. Leur croissance est pourtant frappante : en France Nickel enregistre plus de 30 000 ouvertures de compte par mois et N26 plus de 20 000. La force des néobanques : une offre adaptée aux nouveaux comportements digitaux et aux tarifs ultra-comptétitifs.

Une menace pour les banques ? Oui et non. D’une part, le succès commercial des néobanques et le développement de leur panel de services indiquent que la concurrence sera de plus en plus forte. D’autre part, les utilisateurs qui se tournent vers les néobanques ne quittent pas leur banque ; les néobanques servent plutôt de complément. En outre, une complémentarité est possible entre ces acteurs et les banques traditionnelles : BNP Paribas a par exemple racheté Nickel en 2017.

Les fintechs et l’investissement en Bourse Des fintechs sont aussi présente sur les marchés boursiers. Ces fintechs sont surtout présentes aux Etats-Unis et proposent de rendre accessibles l’investissement dans les cryptomonnaies ou sur les marchés boursiers. Par exemple, Robinhood, permettant aux utilsateur d’investir en Bourse, sans passer par une banque et sans frais avec l’offre d’abonnement classique, ou encore, Circle, soutenu par Goldman Sachs Group Inc., permettant à ses utilisateur d’investir dans différentes cryptomonnaies (Bitcoin, Ethereum, Monero,..).
En France, Nalo est le dernier arrivé dans l’écosystème des fintech spécialiée en placement. Cette start-up permet à ses utilisateurs de bénéficier d’un contrat d’assurance-vie personnalisé grâce à un système d’intelligence artificielle. Pour en savoir plus, c’est par ici.

Exemples de Fintech en France et dans le monde

Exemples de Fintechs en France

Entreprise
Catégorie
Date de lancement
Objet

Shine
Néobanque
2017
Shine propose un compte bancaire en ligne pour les indépendants doublé d’un accompagnement dans toutes les démarches administratives.

Obvy
Paytech
2018
Obvy sécurise les paiements effectués dans la cadre de l’achat-vente et la prestation de services entre particuliers.

Yelloan
Crédit
2016
Yelloan facilite l’accès au crédit, grâce au système de la “garantie participative” et grapce à un chatbot orientant le demandeur vers une offre de crédit pertinente.

Qonto
Néobanque
2016
Qonto propose une offre bancaire spécialement conçue pour les entreprises et les auto-entrepreneurs.

Linxo
Cash management
2010
Linxo est un agrégateur : l’application permet de centraliser les données des différents comptes bancaires du titualire sur une seule plateforme et d’y effectuer des virements.

Ditto Bank
Néobanque
2015
Ditto Bank propose une solution de comptes bancaires multi-devises et de paiements en devises étrangères sans frais.

WeSave
Robo-advisors
2016
WeSave est une plateforme en ligne de gestion de patrimoine ayant pour but de simplifier la gestion de l’épargne et de dynamiser son rendement.

Lydia
Paytech
2011
Lydia développe une solution de paiement par smartphone, permettant d’effectuer des paiements entre particuliers ou des paiements en commerce ou en ligne à partir de l’application.

Credit.fr
Crowdlending
2014
Credit.fr propose aux particliers d’investir directement dans des PME ou des projets d’entrepreneuriat, afin de dynamiser les rendements de leur épargne et sans passer par une banque.

Lemon Way
Paytech
2007
Lemon Way propose une interface de paiement en ligne sécurisée pour les sites de e-commerce, les sites de cagnottes partagées, les sites d’annonces entre particuliers, etc.

Méthode : il existe plusieurs centaines de startup Fintechs en France. Selectra a choisi de présenter 10 Fintechs dont l’innovation semble particulièrement pertinente et prometteuse. Selectra a choisi de présenter des Fintechs de catégories diverses afin de présenter la variété des innovations dans ce secteur.

Les 10 principales licornes de la Fintech dans le monde

L’on appelle une licorne en fintech est une start-up valorisée à plus d’un million de dollars.

Entreprise
Catégorie
Fondation et origine
Valorisation 2018
Objet

Lu.com
Crédit
2011
Chine

18,5 Mds USD

Lu.com, aussi appelé Lufax, propose un ensemble des services de financements et de crédits, financés par des particuliers.

Stripe
Paytech
2010
Etats-Unis

9,2 Mds USD

Stripe est une plateforme de paiement en ligne permettant aux entreprises et aux commerces de recevoir et gérer leurs paiements sur internet.

PayTM
Paytech
2011
Inde

7 Mds USD

PayTM est un portefeuille numérique, permettant d’effectuer des paiements par smartphone.

SoFi
Crédit
2011
Etats-Unis

4,5 Mds USD

SoFi est une plateforme de prêts entre particuliers, notamment des prêts étudiants et des prêts immobiliers.

Credit Karma
Crédit
2007
Etats-Unis

4 Mds USD

Credit Karma offre une interface gratuite de gestion de crédits et de demandes de crédits pour les particuliers

Greensky
Robo-advisor / Regtech
2006
Etats-Unis

3,6 Mds USD

Greensky propose une solution numérique de gestion des demandes de crédit pour les établissements bancaires.

Oscar Health
Insurtech
2013
Etats-Unis

3,2 Mds USD

Oscar Health est une assurance santé en ligne centrée sur le marché américain.

Klarna
Paytech
2005
Suède

2,5 Mds USD

Klarna propose un système de paiement mobile et web avec crédit à micro-échéance (possibilité de payer après l’achat).

Adyen
Paytech
2006
Pays-Bas

2,3 Mds USD

Adyen est une plateforme de paiements multicanal à destination des professionnels

Zenefits
Regtech
2013
Etats-Unis

2 Mds USD

Zenefits a développé un logiciel complet et gratuit de gestion des rémunérations, des rémunérations et des assurances maladies pour les petites entreprises.

Méthode : Selectra a sélectionné les 10 startups présentant la plus forte valorisation parmi le classement annuel publié par CB Insights et Business Insider US.

[NEW] Financial Technology (Fintech) Definition | j fintech – POLLICELEE

What Is Financial Technology – Fintech?

Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of “financial technology”. 

When fintech emerged in the 21st Century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. ​Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management to name a few.

Fintech also includes the development and use of crypto-currencies such as bitcoin. While that segment of fintech may see the most headlines, the big money still lies in the traditional global banking industry and its multi-trillion-dollar market capitalization.

1:03

Fintech

Understanding Fintech

Broadly, the term “financial technology” can apply to any innovation in how people transact business, from the invention of digital money to double-entry bookkeeping. Since the internet revolution and the mobile internet/smartphone revolution, however, financial technology has grown explosively, and fintech, which originally referred to computer technology applied to the back office of banks or trading firms, now describes a broad variety of technological interventions into personal and commercial finance.

Fintech now describes a variety of financial activities, such as money transfers, depositing a check with your smartphone, bypassing a bank branch to apply for credit, raising money for a business startup, or managing your investments, generally without the assistance of a person. According to EY’s 2017 Fintech Adoption Index, one-third of consumers utilize at least two or more fintech services and those consumers are also increasingly aware of fintech as a part of their daily lives.

Key Takeaways

  • Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers.
  • It primarily works by unbundling offerings by such firms and creating new markets for them. Startups disrupt incumbents in the finance industry by expanding financial inclusion and using technology to cut down on operational costs.
  • Fintech funding is on the rise but regulatory problems abound.

Fintech in Practice

The most talked-about (and most funded) fintech startups share the same characteristic: they are designed to be a threat to, challenge, and eventually usurp entrenched traditional financial services providers by being more nimble, serving an underserved segment or providing faster and/or better service.

For example, Affirm seeks to cut credit card companies out of the online shopping process by offering a way for consumers to secure immediate, short-term loans for purchases. While rates can be high, Affirm claims to offer a way for consumers with poor or no credit a way to both secure credits and also build their credit histories. Similarly, Better Mortgage seeks to streamline the home mortgage process (and obviate traditional mortgage brokers) with a digital-only offering that can reward users with a verified pre-approval letter within 24 hours of applying. GreenSky seeks to link home improvement borrowers with banks by helping consumers avoid entrenched lenders and save on interest by offering zero-interest promotional periods.

For consumers with no or poor credit, Tala offers consumers in the developing world microloans by doing a deep data dig on their smartphones for their transaction history and seemingly unrelated things, such as what mobile games they play. Tala seeks to give such consumers better options than local banks, unregulated lenders and other microfinance institutions.

In short, if you have ever wondered why some aspect of your financial life was so unpleasant (such as applying for a mortgage with a traditional lender) or felt like it wasn’t quite the right fit, fintech probably has (or seeks to have) a solution for you. For example, fintech seeks to answer questions like, “Why is what makes up my FICO score so mysterious and how it is used to judge my creditworthiness?”

As such, loan originator Upstart wants to make FICO (as well as other lenders both traditional and fintech) obsolete by using different data sets to determine creditworthiness. They include employment history, education, and whether a would-be borrower knows their credit score to decide on whether to underwrite and how to price loans. Similar treatment is given to financial services that range from bridge loans for house flippers (LendingHome), to a digital investment platform that addresses the fact that women live longer and have unique savings requirements, tend to earn less than men and have different salary curves that can leave less time for savings to grow (Ellevest). 

Fintech’s Expanding Horizons

Up until now, financial services institutions offered a variety of services under a single umbrella. The scope of these services encompassed a broad range from traditional banking activities to mortgage and trading services. In its most basic form, Fintech unbundles these services into individual offerings. The combination of streamlined offerings with technology enables fintech companies to be more efficient and cut down on costs associated with each transaction.

If one word can describe how many fintech innovations have affected traditional trading, banking, financial advice, and products, it’s ‘disruption,’ like financial products and services that were once the realm of branches, salesmen and desktops move toward mobile devices or simply democratize away from large, entrenched institutions.

For example, the mobile-only stock trading app Robinhood charges no fees for trades, and peer-to-peer lending sites like Prosper Marketplace, Lending Club and OnDeck promise to reduce rates by opening up competition for loans to broad market forces. Business loan providers such as Kabbage, Lendio, Accion and Funding Circle (among others) offer startup and established businesses easy, fast platforms to secure working capital. Oscar, an online insurance startup, received $165 million in funding in March 2018. Such significant funding rounds are not unusual and occur globally for fintech startups.

Entrenched, traditional banks have been paying attention, however, and have invested heavily into becoming more like the companies that seek to disrupt them. For example, investment bank Goldman Sachs launched consumer lending platform Marcus in 2016 and recently expanded its operations to the United Kingdom.

That said, many tech-savvy industry watchers warn that keeping apace of fintech-inspired innovations requires more than just ramped up tech spend. Rather, competing with lighter-on-their-feet startups requires a significant change in thinking, processes, decision-making, and even overall corporate structure.

Fintech and New Tech

New technologies, like machine learning/artificial intelligence, predictive behavioral analytics, and data-driven marketing, will take the guesswork and habit out of financial decisions. “Learning” apps will not only learn the habits of users, often hidden to themselves, but will engage users in learning games to make their automatic, unconscious spending and saving decisions better. Fintech is also a keen adaptor of automated customer service technology, utilizing chatbots to and AI interfaces to assist customers with basic task and also keep down staffing costs. Fintech is also being leveraged to fight fraud by leveraging information about payment history to flag transactions that are outside the norm.

Fintech Landscape

Fintech startups received $17.4 billion in funding in 2016 and were on pace to surpass that sum as of late 2017, according to CB Insights, which counted 26 fintech unicorns globally valued at $83.8 billion. The same firm reported that there were 39 VC-backed fintech unicorns worth $147.37 billion by the end of 2018.

North America produces most of the fintech startups, with Asia a relatively close second. Global fintech funding hit a new high in the first quarter of 2018 let by a significant uptick in deals in North America. Asia, which could surpass the United States in fintech deals, also saw a spike in activity. Funding activity in Europe was at a five-quarter low in Q1 2018 but surged back in Q2. 

Some of the most active areas of fintech innovation include or revolve around the following areas:

  • Cryptocurrency and digital cash.
  • Blockchain technology, including Ethereum, a distributed ledger technology (DLT) that maintain records on a network of computers, but has no central ledger.
  • Smart contracts, which utilize computer programs (often utilizing the blockchain) to automatically execute contracts between buyers and sellers.
  • Open banking, a concept that leans on the blockchain and posits that third-parties should have access to bank data to build applications that create a connected network of financial institutions and third-party providers. An example is the all-in-one money management tool Mint.
  • Insurtech, which seeks to use technology to simplify and streamline the insurance industry.
  • Regtech, which seeks to help financial service firms meet industry compliance rules, especially those covering Anti-Money Laundering and Know Your Customer protocols which fight fraud.
  • Robo-advisors, such as Betterment, utilize algorithms to automate investment advice to lower its cost and increase accessibility.
  • Unbanked/underbanked, services that seek to serve disadvantaged or low-income individuals who are ignored or underserved by traditional banks or mainstream financial services companies.
  • Cybersecurity, given the proliferation of cybercrime and the decentralized storage of data, cybersecurity and fintech are intertwined.

Fintech Users

There are four broad categories of users for fintech: 1) B2B for banks and 2) their business clients, and 3) B2C for small businesses and 4) consumers. Trends toward mobile banking, increased information, data, and more accurate analytics and decentralization of access will create opportunities for all four groups to interact in heretofore unprecedented ways.

As for consumers, as with most technology, the younger you are the more likely it will be that you are aware of and can accurately describe what fintech is. The fact is that consumer-oriented fintech is mostly targeted toward millennials given the huge size and rising earning (and inheritance) potential of that much-talked-about segment. Some fintech watchers believe that this focus on millennials has more to do with the size of that marketplace than the ability and interest of Gen Xers and Baby Boomers in using fintech. Rather, fintech tends to offer little to older consumers because it fails to address their problems.

When it comes to businesses, before the advent and adoption of fintech, a business owner or startup would have gone to a bank to secure financing or startup capital. If they intended to accept credit card payments they would have to establish a relationship with a credit provider and even install infrastructure, such as a landline-connected card reader. Now, with mobile technology, those hurdles are a thing of the past.

Regulation and Fintech

Financial services are among the most heavily regulated sectors in the world. Not surprisingly, regulation has emerged as the number one concern among governments as fintech companies take off.

As technology is integrated into financial services processes, regulatory problems for such companies have multiplied. In some instances, the problems are a function of technology. In others, they are a reflection of the tech industry’s impatience to disrupt finance.

For example, automation of processes and digitization of data makes fintech systems vulnerable to attacks from hackers. Recent instances of hacks at credit card companies and banks are illustrations of the ease with which bad actors can gain access to systems and cause irreparable damage. The most important questions for consumers in such cases will pertain to the responsibility for such attacks as well as misuse of personal information and important financial data.

There have also been instances where the collision of a technology culture that believes in a “Move fast and break things” philosophy with the conservative and risk-averse world of finance has produced undesirable results. San Francisco-based insurtech startup Zenefits, which was valued at over a billion dollars in private markets, broke California’s insurance laws by allowing unlicensed brokers to sell its products and underwrite insurance policies. The SEC fined the firm $980,000 and they had to pay $7 million to California’s Department of Insurance.

Regulation is also a problem in the emerging world of cryptocurrencies. Initial coin offerings (ICOs) are a new form of fundraising that allows startups to raise capital directly from lay investors. In most countries, they are unregulated and have become fertile ground for scams and frauds. Regulatory uncertainty for ICOs has also allowed entrepreneurs to slip security tokens disguised as utility tokens past the SEC to avoid fees and compliance costs.

Because of the diversity of offerings in fintech and the disparate industries it touches, it is difficult to formulate a single and comprehensive approach to these problems. For the most part, governments have used existing regulations and, in some cases, customized them to regulate fintech.

They have established fintech sandboxes to evaluate the implications of technology in the sector. The passing of General Data Protection Regulation, a framework for collecting and using personal data, in the EU is another attempt to limit the amount of personal data available to banks. Several countries where ICOs are popular, such as Japan and South Korea, have also taken the lead in developing regulations for such offerings to protect investors.


Lời Đề Nghị 5 Triệu USD Từ Shark Hưng – Công Ty Đỗ Đầu Việt Nam | Shark Tank Việt Nam


Lời đề nghị 5 triệu USD từ Shark Hưng | Công ty Đỗ Đầu Việt Nam | Xem Online Shark Tank Shark Tank Viet Nam VTV3
Đăng ký theo dõi kênh YouTube TvHub : https://goo.gl/kRwiHc

Shark Tank Việt Nam là chương trình truyền hình thực tế dành cho các doanh nhân khởi nghiệp thuyết trình trước các nhà đầu tư (SHARK) để thuyết phục SHARK đầu tư vào dự án kinh doanh của mình. Shark Tank đã thành công tại nhiều nước trên thế giới, hiện đã phát sóng: mùa thứ 13 tại Anh; mùa thứ 11 tại Canada \u0026 mùa thứ 7 tại Mỹ.
Tại Việt Nam, Shark Tank được công ty TV HUB độc quyền sản xuất mùa đầu tiên. Shark Tank Việt Nam với những cuộc đua kịch tính, những khát khao thành công bay xa và cảm xúc dâng trào. Chương trình dự kiến sẽ lên sóng trong thời gian ngắn sắp tới, với ban giám khảo là các “cá mập” rót vốn, đều là những doanh nhân lớn và có tiếng tăm trên thương trường.

Theo dõi \”Shark Tank\” trên Facebook: https://www.facebook.com/SharkTankVietnam
sharktank sharktankvietnam showkinhdoanh showtruyenhinh realityshow

นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูเพิ่มเติม

Lời Đề Nghị 5 Triệu USD Từ Shark Hưng - Công Ty Đỗ Đầu Việt Nam | Shark Tank Việt Nam

Đời Bạn Sẽ Tốt Hơn 100 lần NẾU BIẾT ĐIỀU NÀY!


🟡 Trở thành fanVIP: https://www.youtube.com/channel/UCkgjUHB8sdWbmdp39swMrTg/join
Đăng ký theo dõi kênh: http://popsww.com/Web5Ngay
Các video hay nhất của Web5ngay: https://w5n.co/best
Radio chính thức của web5ngay: https://tamsukinhdoanh.com
Group chính thức của Web5ngay: https://w5n.co/fb
web5ngay baihoccuocsong thaydoi kynang kinhdoanh baihockinhdoanh bhth

Đời Bạn Sẽ Tốt Hơn 100 lần NẾU BIẾT ĐIỀU NÀY!

Shark Hưng chia sẻ công thức để đời về quản lý tài chính thành công | Finhay – Tiết kiệm \u0026 đầu tư


Shark Hưng chia sẻ công thức để đời về tiết kiệm \u0026 đầu tư thành công
Đăng kí và nhận 10,000đ trải nghiệm ứng dụng: https://app.finhay.com.vn/invite/sharkhung

Finhay là ứng dụng thông minh hàng đầu Việt Nam cho đầu tư tích lũy vừa và nhỏ. Với các sản phẩm tài chính cá nhân đa dạng và đột phá trên nền tảng số, sự minh bạch về tài chính và nền tảng công nghệ mạnh, Finhay giúp người dùng tích lũy và đầu tư linh hoạt từ nguồn vốn nhỏ lẻ để tạo dựng tài sản và bảo vệ tương lai.
▪️ Trải nghiệm ứng dụng tại: https://finhay.page.link/AppFINHAY
▪️ Website: https://finhay.com.vn/
▪️ Hỗ trợ trực tiếp: m.me/finhayvn
▪️ Group Cộng đồng Finhay: https://www.facebook.com/groups/finhay/

GIẢI THƯỞNG
Đạt giải Fintech triển vọng 2017 tại Techfest do Bộ Khoa Học và Công Nghệ tổ chức
Giải nhì cuộc thi Fintech Summit 2019 bởi Vietnam Silicon Valley Accelerator 
Top 100 Fintech toàn cầu năm 2019 theo báo cáo của KPMG và H2 Ventures
finhay finhayvn goalbaseinvesting microinvest roboadvisor startup vietnam tietkiem dautu mienphi referal gioithieufinhay nhanngaytienthuong sharkhung

Shark Hưng chia sẻ công thức để đời về quản lý tài chính thành công | Finhay - Tiết kiệm \u0026 đầu tư

EM GÌ ƠI | K-ICM x JACK | NHAY | Zumba Dance | Vishal Choreography | New Vietnamese Songs 2019


FUL SONG EM GI OI 👉👉 https://youtu.be/cBClD7jylos
Song EM GI OI
Artist JACK
Dance styleZumba Fit
Choreographed by Vishal Sharma
Place Vietnam
StudioRVRDANCEANDFIT
If you liked this video, don’t forget to give it a THUMBS UP, LEAVE A COMMENT and SUBSCRIBE to our channel :https://www.youtube.com/channel/UCUig…
Follow ME ON👉👉👉 FACEBOOK https://www.youtube.com/redirect?redi…
INSTAGRAMhttps://www.instagram.com/yoovishal007/
Just want to share one info that these videos are not Dance Based these are purely Dance fitness. It’s all about fun and working out. Try doing this while watching, you will feel the workout. Trust me 🙂
I do not own the rights to this song and use it for teaching and demonstration purposes only under the Copyright Fair Use Act. NO COPYRIGHT INFRINGEMENT INTENDED. Thank you 😊

EmGiOiNhay EmGiOiDance EmGiOiZumba EmGiOiEasyDance
EmGiOiChoregraphy EmGiOiJack KicmJack ZumbaVietnam VietnamesSongs2019 VietnamZumba EasySteps EmGiOiDanceCover

EM GÌ ƠI | K-ICM x JACK | NHAY | Zumba Dance | Vishal Choreography | New Vietnamese Songs 2019

Talkshow Chuyện Nghề Xây Dựng – Những Lưu Ý Khi Khởi Nghiệp Trong Ngành Xây Dựng


Talkshow Chuyện Nghề Xây Dựng Những Lưu Ý Khi Khởi Nghiệp Trong Ngành Xây Dựng
✅ Danh sách phát toàn bộ các Talkshow chuyện nghề xây dựng: https://youtube.com/playlist?list=PLVRzvTFBr9_wsTQpR7HV1jBxKW5rXdyUc
=========================
🏡 HỌC VIỆN GIZENTO
+Truy cập vào http://gizento.vn/ để nhận thêm nhiều bài học khác cũng như các khóa học chi tiết về thiết kế và thi công của học viện Gizento
+ Nếu bạn thấy các bài học hay và hữu ích hãy share cho mọi người cùng tham khảo và cho chúng tôi 1 vài cảm nhận tại https://bit.ly/3odMcoa để chúng tôi có động lực chia sẻ nhiều hơn cho các bạn
===========================
🏡 THAM KHẢO CÁC KHÓA HỌC THIẾT KẾ CỦA HỌC VIỆN GIZENTO
✔️Khóa học về dựng hình và bổ chi tiết công trình bằng phần mềm Revit: https://bit.ly/3hcPRhh
✔️Khóa học tính toán thiết kế kết cấu công trình: https://bit.ly/3zNdsxf
✔️Khóa học tính toán thiết kế điện nước công trình: https://bit.ly/3xKCH1r
✔️Khóa học bóc tách vật tư và dự toán công trình: https://bit.ly/3gQfDJe
✔️Khóa học thiết kế nội thất công trình bằng phần mềm 3dsmax: https://bit.ly/2TUIWkP
✔️Khóa học tư vấn phong thủy: https://bit.ly/3d3hVSK
✔️Khóa học thiết kế từ đường, nhà thờ họ từ A tới Z: https://bit.ly/3d46Y3x
===========================
✅✅Liên hệ ngay học viện Gizento để nhận nhiều ưu đãi, phần quà nhé!
🏡ĐỊA CHỈ:
Miền Bắc:
+ Khu Đô Thị Thanh Hà, Quận Hà Đông, TP Hà Nội
+ Văn Phòng Ninh Bình: Khánh Trung, Yên Khánh, Ninh Bình
+ Nhà trải nghiệm thực tế: Căn 5/11 – Tiểu khu The Mansion, Khu đô thị
Park City, Quận Hà Đông, TP Hà Nội
Miền Trung: Khúc Hạo, quận Sơn Trà, TP Đà Nẵng
Miền Nam: khu đô thị Park Riverside, Q9, thành phố Hồ Chí Minh
☎ Hotline, Zalo: 0962636325
🎯 Website: http://gizento.vn/
📌 Facebook: https://www.facebook.com/gizento
📌 Youtube: https://www.youtube.com/channel/UCSij4bmKGCtNdLWhFd4s71Q
✉ Gmail: gizento@gmail.com
🤝🤝 Hợp tác, quảng cáo, tuyển dụng hãy liên hệ gizento@gmail.com:
========================
❌Bản quyền thuộc về \”Học Viện GIZENTO\”⛔
© Copyright by Học Viện GIZENTO ⚠️ Do not Reup ⚠️
chuyennghexaydung

Talkshow Chuyện Nghề Xây Dựng - Những Lưu Ý Khi Khởi Nghiệp Trong Ngành Xây Dựng

นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูวิธีอื่นๆGeneral news

ขอบคุณมากสำหรับการดูหัวข้อโพสต์ j fintech

Leave a Comment