In your opinion, what is the difference between the European FinTech landscape compared with that of other continents?
In Germany, there is a high value placed on privacy, so I would say the adoption in this country will be slower than, say, in the USA or the UK.
Which FinTech company could become the next Uber? Why?
The USA is still the leading FinTech market, as a lot of the payment systems there are behind Europe and hence have more potential for disruption. In addition, a lot more venture capital investment is going into the USA, so it will have faster-growing Fintech companies.
How receptive is your country's culture towards changes resulting from FinTech? E.g. in terms of privacy and/or change resistance?
Banks and traditional financial institutions have been very inward-focused since the financial crisis and slow to adapt to customer needs and requirements. However, they have invested a lot of money and multiple decades into building big and integrated IT systems, so that should help them defend against start-up disruption. This is why difficult to see an Uber develop at the moment. However, , automated investment service provider WealthFront have impressive founders and good growth in assets under management (albeit still tiny when compared to the mutual fund industry as a whole). WealthFront has more than $2bn in assets under management and raised $200m in funding, so it should continue to grow significantly, although it may not quite disrupt traditional asset management as much as Uber did the taxi industry.
In Germany, there is a high value placed on privacy, so I would say the adoption in this country will be slower than, say, in the USA or the UK.
Which FinTech company could become the next Uber? Why?
The USA is still the leading FinTech market, as a lot of the payment systems there are behind Europe and hence have more potential for disruption. In addition, a lot more venture capital investment is going into the USA, so it will have faster-growing Fintech companies.
How receptive is your country's culture towards changes resulting from FinTech? E.g. in terms of privacy and/or change resistance?
Banks and traditional financial institutions have been very inward-focused since the financial crisis and slow to adapt to customer needs and requirements. However, they have invested a lot of money and multiple decades into building big and integrated IT systems, so that should help them defend against start-up disruption. This is why difficult to see an Uber develop at the moment. However, , automated investment service provider WealthFront have impressive founders and good growth in assets under management (albeit still tiny when compared to the mutual fund industry as a whole). WealthFront has more than $2bn in assets under management and raised $200m in funding, so it should continue to grow significantly, although it may not quite disrupt traditional asset management as much as Uber did the taxi industry.
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