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
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 Unlike other industries, finance may have the highest stakes when it comes to embracing digital transformation. Facing mounting pressure from digital currencies like Bitcoin, increasing scrutiny by legislators, and the commoditization of fraud and cybercrime, finance sector players must, as a necessity, forge forward with digital transformation agendas. Such a push holds even greater promise for smaller players in the sector, who can disrupt incumbents by deploying digital-first finance experiences as is the case with Lemonade insurance<\/a>. Established companies will need to be on the lookout for such disruptive technologies as startups, and other more-nimble competitors throw all their chips on the table with the hope of cashing in big when the digital-first economy goes mainstream.<\/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 Unlike other industries, finance may have the highest stakes when it comes to embracing digital transformation. Facing mounting pressure from digital currencies like Bitcoin, increasing scrutiny by legislators, and the commoditization of fraud and cybercrime, finance sector players must, as a necessity, forge forward with digital transformation agendas. Such a push holds even greater promise for smaller players in the sector, who can disrupt incumbents by deploying digital-first finance experiences as is the case with Lemonade insurance<\/a>. Established companies will need to be on the lookout for such disruptive technologies as startups, and other more-nimble competitors throw all their chips on the table with the hope of cashing in big when the digital-first economy goes mainstream.<\/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 Consider the National Australia Bank (NAB), which through its innovation lab NAB Labs, is working at integrating Amazon Alexa into its financial services<\/a>. The partnership would blend the access Alexa has to users\u2019 personal lives with their financial transactions. This level of visibility could potentially turn Alexa and similar Ais into personal financial planners able to advise users on the best financial decisions to make. Further, finance organizations can use this data to build even more sophisticated products and services for customers, opening new revenue streams. Such a transformative customer experience would provide finance with the key differentiating factor that has so far proven elusive.<\/p>\n\n\n\n Unlike other industries, finance may have the highest stakes when it comes to embracing digital transformation. Facing mounting pressure from digital currencies like Bitcoin, increasing scrutiny by legislators, and the commoditization of fraud and cybercrime, finance sector players must, as a necessity, forge forward with digital transformation agendas. Such a push holds even greater promise for smaller players in the sector, who can disrupt incumbents by deploying digital-first finance experiences as is the case with Lemonade insurance<\/a>. Established companies will need to be on the lookout for such disruptive technologies as startups, and other more-nimble competitors throw all their chips on the table with the hope of cashing in big when the digital-first economy goes mainstream.<\/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 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<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
<\/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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
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"}],"next":false,"prev":true,"total_page":3},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_5"};
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/h2>\n\n\n\n
Trends for the Future<\/h2>\n\n\n\n
Next Steps<\/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
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
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
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
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
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
<\/a><\/figure>\n","post_title":"Digital Transformation Insights: Digital Transformation Opportunities in Banking","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"digital-transformation-insights-digital-transformation-opportunities-in-banking","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\/digital-transformation-insights-digital-transformation-opportunities-in-banking\/","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
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
<\/a><\/figure>\n","post_title":"Digital Transformation Insights: Digital Transformation Opportunities in Banking","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"digital-transformation-insights-digital-transformation-opportunities-in-banking","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\/digital-transformation-insights-digital-transformation-opportunities-in-banking\/","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
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
Conclusion<\/h2>\n\n\n\n
<\/a><\/figure>\n","post_title":"Digital Transformation Insights: Digital Transformation Opportunities in Banking","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"digital-transformation-insights-digital-transformation-opportunities-in-banking","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\/digital-transformation-insights-digital-transformation-opportunities-in-banking\/","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
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
Conclusion<\/h2>\n\n\n\n
<\/a><\/figure>\n","post_title":"Digital Transformation Insights: Digital Transformation Opportunities in Banking","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"digital-transformation-insights-digital-transformation-opportunities-in-banking","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\/digital-transformation-insights-digital-transformation-opportunities-in-banking\/","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
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