What can we ‘bank on’ in the world of FinTech Trends in 2021 and beyond?
We’re living through very turbulent times as a result of the global pandemic – although mass vaccination is providing light at the end of the tunnel. In the commercial world, Tesla buys $1.5billion of Bitcoin despite Elon Musk having dismissed it as a ‘hoax’. Challenger banks such as Monzo and Revolut enjoy valuations of $ billion on 20-30 times earnings, having soaked up £400-600m of investors’ cash. The founder of N26 Bank states that ‘profitability is not a core metric’, while the CEO of CashplusBank – profitable for the last 9 years and having taken only £20million in funding during this period – argues that profitability is a fundamental metric after all.
So where can we look for trusted, proven guidance and support to help make sense of global FinTech Trends dynamics and opportunities, and to make bold but prudent decisions and investments?
This report is brought to you by Erlang Solutions Ltd, a specialist tech consultancy and experts in building sustainable, reliable distributed systems which can scale to billions of users in the financial services industry and beyond. Erlang Solutions are part of the global Trifork Group who, for the past 25 years, has been advising and developing technology solutions that make life better and easier for all of us.
In this time, we have delivered mobile payment solutions, digital identity schemes, international real-time payments systems, high-volume crypto-currency trading systems, cyber-security solutions, and distributed Cloud applications for clients including HSBC, Lloyds Bank, Credit Suisse, Barclays, Fidelity, Mastercard, Visa, Klarna, The Clearing House, Danske Bank, Vestas, Maersk, and numerous others.