On the edge of Digital Transformation

How are FinTechs Planning to Takeover the Financial Services Sector?

This post originally appeared on SogetiLabs

Where a few years ago the banking and financial industry was steady as a rock, things can change rapidly. FinTechs are entering the market and let the traditional finance and banking industry shake on their grounds.

FinTech, referring to the overall definition of Financial Technology is used for start-ups, scale-ups and other companies who are using disruptive technology to change the way money is managed. Where the traditional finance industry is managed in traditional companies with a very unwieldy, inert and cumbrous IT infrastructure FinTechs will rule by flexibility, agility and disruption.

BI Intelligence made an overview of the FinTech Ecosystem and how it is changing the banking and financial industry due to disruptive technologies.



BI Intelligence divides the FinTech Ecosystem into six pillars, Payments & Transfers, Lending & Financing, Retail Banking, Financial Management, Insurance and Markets & Exchanges. As you can see FinTechs cover most of the traditional banking and finance value chain.

Very specific solutions in segmented markets is key. That is exactly what FinTechs makes hard to battle. They have very good ideas, products and services in a highly segmented market. Where FinTechs have more issues with the scale-up phase, the Financial Services industry have finds it difficult to be flexible and innovative. Questions which help you stay relevant for your customers can be:

  • What channels are my customers using and how can I adept these in my offerings?
  • How can new technology help my customer in money management?
  • How can we make banking as easy as transferring money?
  • How can we be innovative with products and services to enter new markets where my customer is moving to?

Bottom-line the message stays: FinTechs are taking over your market share financial industry, how are you reacting?

If We Build IoT, They Will Come. Right?

If We Build IoT, They Will Come. Right?


Editor’s note: Jim Hunter is chief scientist and Nate Williams is the executive vice president of Emerging Business at Greenwave Systems. Williams is also an adviser for the Internet of Things Consortium.

It looks like this IoT trend is starting to catch on with the developer community. At least, that’s a conclusion one could draw from the reported results of a new Evans Data Corporation survey. Of the 1,400 developers who participated in this survey, 40 percent said they were either working on applications for connected devices for the Internet of Things (IoT) now or expect to begin work on applications within the next six months. 

Google’s purchase of Nest for $3.2 billion was a seminal moment for IoT. This event both validated the market and placed significant attention on IoT. Subsequent acquisitions of Dropcam (by Google), Axeda (by PTC), and SmartThings (by Samsung

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New Financial Times And Economist Owners Ponder The Future Of Digital Media

New Financial Times And Economist Owners Ponder The Future Of Digital Media


[tc_contributor_byline slug=”david-benigson”]

Who saw the recent sale of the Financial Times (FT) from Pearson to Nikkei for $1.3 billion coming? The sale of The Economist, also owned by Pearson, three weeks later, was less of a surprise, as Pearson set forth its new streamlined “digital ambitions.”

While everyone and their dog was talking about Bloomberg or Axel Springer being the likely new owners (see graph), nobody mentioned Nikkei, despite it being one of the largest media companies in the world. FT journalists even published an article the day before, outlining their publication’s “talks with Springer are further advanced” than with Nikkei (which, by contrast, was only mentioned once in the original FT article).


Now Pearson has sold another big name: the Economist has gone this week for around $731 million (£469m), and Exor will end the week as the largest single shareholder in the Economist Group.

The new owners of both…

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Tesla Will Raise $500M In A Public Offering With Participation From Musk

Tesla Will Raise $500M In A Public Offering With Participation From Musk


In a prospectus filed today by the company, Tesla announced the intention to sell up to 2,100,000 shares of common stock. Underwriters will also receive a 30-day option to purchase up to 315,000 additional shares.

Using yesterday’s closing price of $238.17 per share, the company expects net proceeds from the offering to be around $492.6 million, or $566.5 million if the underwriters exercise their option to purchase additional shares in full.

The stock jumped about 2 percent today to around $245 per share after this announcement, which is a sign that investors are more confident in a well-capitalized Tesla. However, this share price is still about 8 percent lower than the three-month average for the stock, which came after disappointing production estimates last week during the company’s Q2 earnings call.

Underwriters and book-running managers in the deal include Goldman Sachs & Co., BofA Merrill Lynch, Morgan Stanley, J.P Morgan, Deutsche Bank Securities and Wells Fargo Securities.

Notably, the…

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‘Things’ Are People, Too

‘Things’ Are People, Too


Editor’s note:Jim Hunter is chief scientist and technology evangelist at Greenwave Systems.

If you’re thinking this article is about creating a historical record that our future robot overlords may read and reward me for, you’re not entirely right.

To keep this particular writing distanced from Terminator-induced concerns, I will constrain the definition of “things” to devices that empower us and our loved ones with light, comfort, safety and security, as well as technology that provides entertainment and transportation. Basically things designed to help us be better humans.

A few years ago, my toaster decided to go beyond the call of duty. Instead of just toasting my Pop Tarts, it also elected to toast my cabinets, my countertop and my curtains. In fact, most of my kitchen was toasted. The key reason this overzealous thing burned my home was lack of communication. It was not able to talk to my smoke…

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12 Internet of Things Trends To Watch

Originally posted on Product Lifecycle Report:
In celebration of the 5th annual IoT Day, here’s our pick for the top 12 Internet of Things applications set to make the biggest impact in the next decade. 1. Connected Healthcare. The medical devices industry is one of the earliest IoT adopters. Whether its smart, connected diagnostic and triage equipment or…

A Map of The Internet of Things Market – Chris McCann

I wanted to gain a better understanding of the Internet of Things market and how all of the different players fit together. I created a map for myself, hopefully you will find it useful too.

Some caveats before we dive into the analysis.

– This ecosystem map is not designed to be 100% comprehensive.
– It’s more to understand all the different spaces within IoT.
– I am biased towards startups in the space.
– If I am missing something tweet me @mccannatron.
– This space is developing quickly so take this into consideration.

Read on here – Chris McCann his LinkedIn blog

Hackers Can Disable a Sniper Rifle—Or Change Its Target

Put a computer on a sniper rifle, and it can turn the most amateur shooter into a world-class marksman. But add a wireless connection to that computer-aided weapon, and you may find that your smart gun suddenly seems to have a mind of its own—and a very different idea of the target.

Source: Wired

Accelerators Are The New Business School

Accelerators Are The New Business School


[tc_contributor_byline slug=”vitaly-m-golom”]

It’s no secret that most startups fail. What’s a bit less obvious is that most startup accelerators also fail. While a few top-tier programs get the cream of the crop unicorns of the future, the hundreds of others struggle to attract teams that will produce the investment-grade companies on which their models so depend.

As the true business school of the future, most of them provide tremendous educational value to these budding entrepreneurs — who very well may produce a valuable company some day. Overwhelming odds are, however, that those initial projects that accelerators get a piece of, for their cash and time investment, aren’t the ones with which the entrepreneurs will ultimately succeed. For accelerators to survive long term, their business model has to change.

A Little History Lesson

In the mid-1990s, Idealab brought the business incubator model to the tech world. Concepts were developed in-house or brought…

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Hillary Clinton Plans To Campaign Against Uber’s Contractor Economy

Hillary Clinton Plans To Campaign Against Uber’s Contractor Economy


As if Uber needed more enemies. Presidential candidate Hillary Clinton will blast contractor-fueled companies for repressing middle-class wage growth in a speech tomorrow laying out her economic policies, according to an outline of the talk attained by Politico’s Michael Grunwald.

Clinton plans to make raising middle class incomes a focus of her campaign, and will lay out her strategy at The New School in Manhattan on Monday. Along with globalization and automation, Clinton will peg the sharing economy as “conspiring against sustainable wage growth”, according to Politico. The report says “she will argue that policy choices have contributed to the problem, and that she can fix it.”

uber-robot1The logic seems to be that if big job creators are only offering contractor positions that typically lack the benefits, advancement opportunities, and job security of full-time positions, they don’t contribute to building a country with sustainable wage growth. Before, full-time…

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