Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
![\"Banco](\"https:\/\/siliconvalley.center\/wp-content\/uploads\/2019\/12\/IMG_7802.jpg\")
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
![\"A](\"https:\/\/siliconvalley.center\/wp-content\/uploads\/2019\/12\/IMG_7799.jpg\")
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n
The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n
The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n
The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
![\"\"](\"https:\/\/siliconvalley.center\/wp-content\/uploads\/2019\/12\/fintech-banks.jpg\")
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOne day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n
The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n
The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOne day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n
The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n
The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n
The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n
Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n
Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n
The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n
The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n
This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n
The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n
Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n
For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The challenges and opportunities now appearing for traditional financial institutions is the central focus of Banking Disrupted 2018<\/a>, the second edition of an exclusive thought leadership summit for the banking and capital markets industries.<\/p>\n\n\n\n The two-day event, organized by Silicon Valley Innovation Center in partnership with PRMIA, brings together banking leaders, Fintech innovators and technology pioneers. Understanding the digital future of finance will be at the top of the agenda, with Fintech entrepreneurs and thought leaders defining the impact of technologies like Blockchain and AI. They will also discuss global banking innovation case studies and share their vision for the future of consumer and commercial banking.<\/p>\n\n\n\n One day, three companies, and a deep dive into the Fintech-powered future: that was the executive immersion program in Silicon Valley for Banco Santander Mexico. Digital identities, open banking and mass payout platforms were all on the agenda. Each session provided the Santander team with fresh insight and ideas, that proved invaluable as the bank looks to enhance its customer experience and continues its push for digitalization.<\/p>\n\n\n\n The first tour stop was IdentityMind, a software-as-a-service (SaaS) company which builds and maintains digital identities. Its platform provides identity-based risk management, fraud prevention and anti-money laundering services. For a financial institution like Santander Mexico, all of that adds up to easier regulatory compliance and a healthier bottom line.<\/p>\n\n\n\n The Santander executives learned how the IdentityMind identification process incorporates artificial intelligence and machine learning. They saw how secure digital identities help an enterprise understand who is on the other end of a transaction and if they should do business with them. It was clear that In today\u2019s economy, with peer-to-peer sharing on the rise and cryptocurrencies becoming mainstream, trusted digital identities are needed more and more.<\/p>\n\n\n\n The group\u2019s second session came at Token. Since its founding in 2015, Token has been building an open banking platform that allows money and information to move around the world securely and instantly. Banks, bank customers, merchants and developers can all be plugged in to the company\u2019s ecosystem. <\/p>\n\n\n\n Open banking is a major development. By requiring banks to give customers more access to their payments and transaction data, it seeks to liberate the financial services market. For banks this means new potential sources of revenue and new ways to interact with consumers. But it also exposes them to unprecedented levels of competition from digital innovators in the Fintech space.<\/p>\n\n\n\n Tech companies like Token are helping legacy organizations not just make the transition to open banking, but also transform their business so they are able to compete against Fintech startups.<\/p>\n\n\n\n The visit to Token gave the Santander executives a chance to see how the company can help them respond to the opportunities and challenges created by open banking. For Santander Mexico this is part of planning for the future; for now, open banking is rolling out only in Europe. But the rest of the world is watching closely, with similar developments sure to be seen soon outside of Europe.<\/p>\n\n\n\n The executive immersion program was brought to a close with a presentation at HyperWallet. Using web and mobile payments technology, HyperWallet gives an organization the ability to make payouts at scale in more than 200 countries, using multiple currencies and delivery methods.<\/p>\n\n\n\n This goes hand-in-hand with several of today\u2019s tech trends, including the gig and collaborative economies and online marketplaces. When users make money through such platforms, HyperWallet can make sure they get paid. Its use cases include disbursing royalties to artists, earnings to sellers or fares to taxi drivers. <\/p>\n\n\n\n The Santander team were given a behind-the-scenes look at how HyperWallet works. They were able to study its business model, its technology and its corporate outlook. They had the chance to assess the viability of such a business for the Mexican market and ask questions around when HyperWallet might come to their region. The visit was, above all, another chance for Santander to learn about the innovations Fintech makes possible which are both a threat and an opportunity for their own business.<\/p>\n\n\n\n Although short, the Santander team\u2019s time in Silicon Valley was hugely impactful. Through an immersive one-day program, the executives were able to grasp the diversity of the Fintech landscape and the speed at which new developments are appearing.<\/p>\n\n\n\n For Santander, keeping abreast of Fintech innovation is essential to stay competitive. As customers come more and more to expect things like instant global payments, online identity verification and a range of apps and platforms to manage their money, traditional banks need to transform themselves to stay relevant. As Santander found out, visits to Silicon Valley to meet disruptive startups and explore partnership opportunities is an excellent way to make that happen.<\/p>\n","post_title":"Banco Santander Mexico Sees Fintech Future in Silicon Valley","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banco-santander-mexico-sees-fintech-future-in-silicon-valley","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banco-santander-mexico-sees-fintech-future-in-silicon-valley\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm\u2019s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area. <\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The Silicon Valley Venture Capital Academy offers a unique opportunity to learn the investment strategies that top Silicon Valley venture capitalists use when investing in disruptive startups. The five-day immersion program includes learning sessions led by seasoned Silicon Valley venture capitalists, networking opportunities, and hands-on VC-led workshops.<\/p>\n","post_title":"Three Digital Transformation Innovations Disrupting Venture Capital","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"three-digital-transformation-innovations-disrupting-venture-capital","to_ping":"","pinged":"","post_modified":"2020-02-08 14:52:57","post_modified_gmt":"2020-02-08 22:52:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/three-digital-transformation-innovations-disrupting-venture-capital\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":666,"post_author":"1","post_date":"2018-08-13 20:27:00","post_date_gmt":"2018-08-14 03:27:00","post_content":"\n Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm\u2019s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area. <\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The Silicon Valley Venture Capital Academy offers a unique opportunity to learn the investment strategies that top Silicon Valley venture capitalists use when investing in disruptive startups. The five-day immersion program includes learning sessions led by seasoned Silicon Valley venture capitalists, networking opportunities, and hands-on VC-led workshops.<\/p>\n","post_title":"Three Digital Transformation Innovations Disrupting Venture Capital","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"three-digital-transformation-innovations-disrupting-venture-capital","to_ping":"","pinged":"","post_modified":"2020-02-08 14:52:57","post_modified_gmt":"2020-02-08 22:52:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/three-digital-transformation-innovations-disrupting-venture-capital\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":666,"post_author":"1","post_date":"2018-08-13 20:27:00","post_date_gmt":"2018-08-14 03:27:00","post_content":"\n Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm\u2019s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area. <\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n The Silicon Valley Venture Capital Academy offers a unique opportunity to learn the investment strategies that top Silicon Valley venture capitalists use when investing in disruptive startups. The five-day immersion program includes learning sessions led by seasoned Silicon Valley venture capitalists, networking opportunities, and hands-on VC-led workshops.<\/p>\n","post_title":"Three Digital Transformation Innovations Disrupting Venture Capital","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"three-digital-transformation-innovations-disrupting-venture-capital","to_ping":"","pinged":"","post_modified":"2020-02-08 14:52:57","post_modified_gmt":"2020-02-08 22:52:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/three-digital-transformation-innovations-disrupting-venture-capital\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":666,"post_author":"1","post_date":"2018-08-13 20:27:00","post_date_gmt":"2018-08-14 03:27:00","post_content":"\n Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm\u2019s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area. <\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n While VC in the United States is enjoying one of its best run rates in recent history<\/a>, the reality is that disruption begins from edge case scenarios. While most traditional VC firms chase after unicorns and billion dollar exits using a 150-year-old funding framework, there will emerge new digital-first VC firms that will tap into the massive potential of startups that do not fit this investment pattern. As with the story of taxicab companies resting on their laurels and ignoring the frustrated masses only to be disrupted by digital-first Uber, here is presented a situation where the venture capital industry has become ripe for disruption, and the companies that disrupt it will be the next billion-dollar or even trillion-dollar VC companies of tomorrow.<\/p>\n\n\n\n The Silicon Valley Venture Capital Academy offers a unique opportunity to learn the investment strategies that top Silicon Valley venture capitalists use when investing in disruptive startups. The five-day immersion program includes learning sessions led by seasoned Silicon Valley venture capitalists, networking opportunities, and hands-on VC-led workshops.<\/p>\n","post_title":"Three Digital Transformation Innovations Disrupting Venture Capital","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"three-digital-transformation-innovations-disrupting-venture-capital","to_ping":"","pinged":"","post_modified":"2020-02-08 14:52:57","post_modified_gmt":"2020-02-08 22:52:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/three-digital-transformation-innovations-disrupting-venture-capital\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":666,"post_author":"1","post_date":"2018-08-13 20:27:00","post_date_gmt":"2018-08-14 03:27:00","post_content":"\n Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm\u2019s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area. <\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n While VC in the United States is enjoying one of its best run rates in recent history<\/a>, the reality is that disruption begins from edge case scenarios. While most traditional VC firms chase after unicorns and billion dollar exits using a 150-year-old funding framework, there will emerge new digital-first VC firms that will tap into the massive potential of startups that do not fit this investment pattern. As with the story of taxicab companies resting on their laurels and ignoring the frustrated masses only to be disrupted by digital-first Uber, here is presented a situation where the venture capital industry has become ripe for disruption, and the companies that disrupt it will be the next billion-dollar or even trillion-dollar VC companies of tomorrow.<\/p>\n\n\n\n The Silicon Valley Venture Capital Academy offers a unique opportunity to learn the investment strategies that top Silicon Valley venture capitalists use when investing in disruptive startups. The five-day immersion program includes learning sessions led by seasoned Silicon Valley venture capitalists, networking opportunities, and hands-on VC-led workshops.<\/p>\n","post_title":"Three Digital Transformation Innovations Disrupting Venture Capital","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"three-digital-transformation-innovations-disrupting-venture-capital","to_ping":"","pinged":"","post_modified":"2020-02-08 14:52:57","post_modified_gmt":"2020-02-08 22:52:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/three-digital-transformation-innovations-disrupting-venture-capital\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":666,"post_author":"1","post_date":"2018-08-13 20:27:00","post_date_gmt":"2018-08-14 03:27:00","post_content":"\n Here at SVIC we recently designed and executed a custom immersion program for investment firm Allectus Capital. Allectus is a great example of how any business can discover something new in Silicon Valley; even though the majority of the firm\u2019s $300 million portfolio is in tech sector investments, its executives still found plenty of new insights into areas like blockchain and digital transformation during their trip to the bay area. <\/p>\n\n\n\n With Allectus based out of Sydney, Australia, the majority of its investments are in the UK and the Asia-Pacific region. So the company\u2019s one-day immersion program with SVIC was also a chance for the Allectus executive team to scout out potential new investment opportunities.<\/p>\n\n\n\n Allectus\u2019 came to Silicon Valley with two key learning priorities:<\/strong><\/p>\n\n\n\n We custom-built a varied program which answered to those needs and showcased the wide variety of companies and expert knowledge available within the Silicon Valley ecosystem.<\/p>\n\n\n\n The program began with a visit to Western Union<\/strong>. Originally a major player in the American telegraph business in the late nineteenth century, Western Union is today a leading example of a legacy company which has transformed itself for the digital era.<\/p>\n\n\n\n During a presentation from the general manager of the high principal money transfer branch, the Allectus executives learned about the steps Western Union has taken in recent years to increase revenues coming in through digital channels. Those revenues have now reached about $300 million, three times more than they were in 2010. A big part of that success has been down to the company engaging with consumers through its mobile apps, which have been downloaded more than 3 million times on the Android and iOS platforms.<\/p>\n\n\n\n Hearing Western Union\u2019s story answered to both of Allectus\u2019 learning objectives. The Allectus team saw how Western Union has overcome disruption in its industry by putting data and technology at the heart of its products and business processes. This strategy has allowed it to compete with newer companies and startups in today\u2019s highly competitive digital payments and money transfer market.<\/p>\n\n\n\n Key takeaway from Western Union:<\/strong> with the right strategies and partnerships legacy businesses can rebuild themselves to become leaders in the digital era and compete with digitally native companies.<\/p>\n\n\n\n The next stop on the Allectus program was at Robinhood<\/strong>, an investment trading platform on web and mobile which has shaken up the retail investment market through its commission-free business model. In a presentation from the company\u2019s head of business development, Allectus\u2019 executives heard about how Robinhood has cut out manual account management and storefront locations to keep its costs down, therefore freeing customers from a major pain point: the fees paid to brokers for buying and selling shares. Robinhood\u2019s alternative is to generate revenues through collecting interest on clients\u2019 cash balances and offering a premium subscription service with additional features.<\/p>\n\n\n\n The company says what sets it apart from other trading platforms is its commitment to making stock trading available to a mass audience, not just a wealthy few. As the Allectus team learned, Robinhood appears to be making good on that promise, with a big percentage of its customers coming from the millennial generation. The median age of a Robinhood user is 32 and while some analysts question if its commission-free approach can work long-term, the market seems confident: following a Series D funding round in May, Robinhood was valued at $5.6 billion, a significant jump from its $1.3 billion valuation after fundraising a year earlier.<\/p>\n\n\n\n Learning about Robinhood was exactly the kind of education in fintech Allectus wanted. Apart from being closely related to Allectus\u2019 own investment business, the trading platform was also highly relevant as an example of how technology is disrupting the financial services industry through new business models which reach previously underserved customers.<\/p>\n\n\n\n Key takeaway from Robinhood:<\/strong> established business models in the financial services industry are actively being disrupted by companies leveraging technology to come up with new approaches that eliminate customer pain points.<\/p>\n\n\n\n The third meeting on the Allectus executives\u2019 program was with the Stanford Blockchain Collective<\/strong>, one of the university\u2019s biggest blockchain groups. During a Q&A session with one of the collective\u2019s co-founders, the Allectus team were able to find out everything they wanted to know about blockchain including its use cases and its potential to disrupt established industries. It was a unique opportunity for Allectus to get insights into blockchain from an expert source at the cutting edge of research in the field.<\/p>\n\n\n\n The last stop of the day for Allectus was at Institute for the Future<\/strong>. An interdisciplinary, non-profit think tank, Institute for the Future specializes in forecasting how today\u2019s technology trends will impact our economy and society in the years to come. A presentation from one of the research group\u2019s principal technologists taught the Allectus team about the history of the Silicon Valley ecosystem: which forces have shaped it over the years and helped it prosper. The executives also learned about how Silicon Valley will change in the future as technologies become more sophisticated and interoperable. As explained in the institute\u2019s presentation:<\/p>\n\n\n\n Future app and service designers will create new user experiences with blended combinations from a vast palette of continuously morphing technologies.<\/i><\/p><\/blockquote>\n\n\n\n Key takeaways from Blockchain Collective and Institute for the Future:<\/strong> The way end users experience technology is set to change radically, with fields like blockchain still in their relative infancy and full of potential.<\/p>\n\n\n\n Allectus Capital\u2019s one-day immersion program reflected the diversity of resources available in Silicon Valley: disruptive startups, legacy businesses, groundbreaking research and world-leading experts are all concentrated in the bay area. For companies which want to learn, the great news is that our executive immersion programs can connect you to this tech ecosystem with its wealth of insight and experience.<\/p>\n\n\n\n For the Allectus executive team, meeting in person with innovative companies showed them that disruption in financial services is happening now. They saw that to stay competitive they need to react, and quickly. Ideas on how to react, including by partnering with startups and experimenting with new technologies, came through presentations from Western Union and Robinhood. Both companies laid out blueprints for a successful digital transformation.<\/p>\n\n\n\n Visits to the Blockchain Collective at Stanford University and Institute for the Future, meanwhile, were also illuminating. They gave Allectus insights into the economic and social changes which are still to come. For executives investing now in the future success of their company that knowledge is invaluable; it will help them back the technologies which are going to have the biggest impact in life - and in business - in the years to come.<\/p>\n","post_title":"Allectus Capital in Silicon Valley: Fintech Disruption and Innovation Trends","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/allectus-capital-in-silicon-valley-fintech-disruption-and-innovation-trends\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":685,"post_author":"1","post_date":"2018-07-18 00:23:00","post_date_gmt":"2018-07-18 07:23:00","post_content":"\n When Fintechs first started appearing, early views were that their disruptive approach would result in some form of a zero-sum standoff with conventional banks. Yet that winner-takes-all forecast has yielded to the reality of a more collaborative future: the top ten US banks have committed more than $4 billion in disclosed funding<\/a> across 81 FinTech deals since 2012.<\/p>\n\n\n\n But traditional banking models remain at risk. Consumer engagement with Fintechs is growing and it is widely expected that one of the big tech platforms like Google or Amazon will soon enter the market.<\/p>\n\n\n\n At the same time, technology continues to evolve at a blistering pace, as do consumer expectations. Today\u2019s sophisticated customers demand an omnichannel banking experience where every product, service and transaction is contextualized to their unique financial needs.<\/p>\n\n\n\n Going forward then, the key to a bank\u2019s success will be its ability to combine continuous technology innovation with an emphasis on delivering a personalized banking experience.<\/p><\/blockquote>\n\n\n\n Achieving that in today\u2019s climate of sustained disruption is no easy task. A combined market map recently compiled by CB Insights<\/a> shows over 100 startups are leveraging AI to deliver solutions in everything from credit scoring, lending and compliance to personal finance, asset management and debt collection.<\/p>\n\n\n\n For traditional banks this should be both an exciting and worrying prospect. But as long as they embrace innovation and experimentation with new technologies, they have nothing to fear.<\/p>\n\n\n\n And these deals have been spread across the FinTech solutions portfolio, including asset management, alternative lending, personal financial management, etc., and the technology solutions portfolio, including blockchain, analytics, AI and RegTech.<\/p>\n\n\n\n<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
<\/figure><\/div>\n","post_title":"Banking Disrupted: Collaboration with Fintechs","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"banking-disrupted-collaboration-with-fintechs","to_ping":"","pinged":"","post_modified":"2019-12-27 20:45:15","post_modified_gmt":"2019-12-28 04:45:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/siliconvalley.center\/blog\/banking-disrupted-collaboration-with-fintechs\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":688,"post_author":"1","post_date":"2018-07-16 20:51:00","post_date_gmt":"2018-07-17 03:51:00","post_content":"\nOpen banking, open for business<\/strong><\/h2>\n\n\n\n
Platforms for payments<\/h2>\n\n\n\n
Integration continues<\/h2>\n\n\n\n
\n
Latest
![\"The](\"https:\/\/siliconvalley.center\/wp-content\/uploads\/2019\/12\/IMG_8035.png\")
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
![\"Allectus](\"https:\/\/siliconvalley.center\/wp-content\/uploads\/2019\/12\/IMG_8020.png\")
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Silicon Valley Venture Capital Academy<\/h2>\n\n\n\n
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
\n\n\n\nSilicon Valley Venture Capital Academy<\/h2>\n\n\n\n
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
\n\n\n\nSilicon Valley Venture Capital Academy<\/h2>\n\n\n\n
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
\n
Latest
Conclusion<\/h2>\n\n\n\n
\n\n\n\nSilicon Valley Venture Capital Academy<\/h2>\n\n\n\n
Financial Services and Digital Transformation<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
