financial technology

The term 'luddite' originally referred to those who opposed the job losses brought on by the Industrial Revolution.  So, are
This growing movement represents untold opportunity for anyone interested in analysing consumer behaviour - economists, planners and business people will be able to study trends and data in real-time rather than relying on business surveys, historical statistics or tax receipts.
What we don't want to happen is for regulation of digital currencies to 'all of a sudden' come into force and for the banking sector to be the only people prepared or equipped for it. The power of this new financial technology is its ability to disrupt the way we do business, not perpetuate doing things the same.
It's also easy to overstate the extent of the step change in the West. Yes, I can now move my money around more simply and quickly, borrow from different people than before, or check my balance with my phone - not my laptop.
why can't banks innovate from within and why do they let their bread and butter be taken away from them right under their noses?
I know what you're thinking. "Oh, here we go. The wanky marketing guy, making all sorts of fanciful assertions. We won't be able to do any of what he says because regulation. Why don't they ever understand? Sigh."
According to research we unveiled last week reinforces this view. The technology market for financial services is truly big business with multi-million dollar contracts regularly being made available for tender.