The financial brand launched Neobank Tracker:
A free, indexed, and searchable online database to help finance professionals, from venture capitalists to banks and technology companies, through the turmoil of neobanks and fintech players. (Disclosure: I contribute to The Financial Brand, a publication about online banking.)
The index started with 270 new banks and fintechs in nine categories: digital banking, payments, loans, investments, personal financial management (PFM), and financial education.
It’s essential to rule out some neo banks and fintechs. There are those that are not included due to language barriers; “If we have no control over the services they offer (because the entire site is in Chinese, for example), we should leave it off the list now,” wrote Jeffrey Pilcher, CEO of The Financial Marca, announcing the launch.
As the index evolves
In such a large industrial segment, other companies necessarily follow the same companies. CB Insights provides a quarterly status report on Fintech and sometimes publishes charts that separate a bank’s operations and show how many Fintechs in each space offer competing products, such as loans or payments. The graphics are inevitably challenging.
more and more information will be provided, such as the use of artificial intelligence and machine learning in areas such as investment and wealth management.
Geneva Openings provides a map of resource management software vendors. It changed some general ideas about classifications. Rather than emphasizing the size, age, and revenue of the organization, Aperture throws everything out the window and replaces it with the latest technology. Integration is not that important in the age of full as a service, where resources can be easily obtained from third parties. (I wrote about the company in March.) Chris Skinner, who has written several books on digital banking, showed me a map of FintechNews in Switzerland.
“Since 2010, more than 310 neo-banks have been launched worldwide, attracting approximately 39 million users worldwide,” the company said on its website. “Of the more than 300 projects already started, 256 were active by the end of 2020, according to data from European management consultant Exton Consulting, almost half (111) in Europe.
Skinner, who has traveled almost continuously for the past few years, has spoken at conferences and advised financial institutions to go digital, was stranded at his home in Warsaw last year, but that doesn’t mean he has lost touch.
“Today I can find all the information online, who has to travel?” But he hopes to return to the airports this summer. Skinner has an excellent blog on thefinanser.com that updates it daily, and his book “Doing Digital” has over 100 pages on Ant Financial, which is probably worth reading or reading given recent Chinese restrictions.
As a presenter of the online news program Breaking Banks and author of Banking 4.0
Brett King said, among other things, that the Neobank Tracker is a phenomenal work.
I don’t know why no one has ever done that.
He believes that incumbents underestimate the importance of challenging banks.
Many say they don’t make money, but there are many that are very profitable and can do it on a digital scale. The economy is changing. People despise opponents and think that banking will return to normal after the pandemic, but extensive lists show this is extremely unlikely.
King recently established a residence in Bangkok as the Asian market, especially China, is growing very fast. He trusts Twitter for the most urgent news and secondly on LinkedIn, he said.
The filter alone is a very important investment of time.
Elizabeth Lumley, director of VC Innovations, a fintech conference, and marketing group in London, said her main source of information about her was the Twitter industry, but although she was reluctant to admit it, it was helpful to work with her to switch.
“I hate LinkedIn passionately, but the numbers do not lie – it’s ideal for engagement and marketing.” But it still cannot support the interface or algorithms.
VC Innovations submitted a report to Mambu and published it with little success on the company’s website and by email. But when they sent it via LinkedIn, the response was extraordinary, he said.
Even though he thinks the financial brand is very American, he thinks it’s a good idea. Many people want to know who is active in the fintech space, from HSBC and Accenture to new startups.
For the main remarks, I added a deliberately vague slide: the 400 leading companies. What I mean by my talk is that you knew 20 years ago that all technology and fintech entrepreneurs suddenly exploded in this universe, from companies that tried everything to businesses that tried everything.
The number of people who go to the sewer and think it will feed the whole ecosystem.
But the purpose of the slide is missing.
The list is dynamic and constantly changing. Develop or buy new fintech companies. It is a pulsating living organism; you never have a good static argument about what fintech is.