Showing posts with label bubble. Show all posts
Showing posts with label bubble. Show all posts
Wednesday 8 October 2014
Are we in a fintech bubble?
From VB News
“The financial technology sector is not just hot, it’s smoking hot.
Last year global private fintech companies raised nearly $3 billion, that’s more than triple the $930 million invested into fintech companies in 2008. There’s some speculation that we’re in a bubble and fintech companies are being overvalued. But I don’t think we’re in a bubble, and the valuations landscape is nuanced and young.
For starters, the financial market is just too large — it’s worth more than a trillion dollars. And this year alone, banking and security institutions will have spent $485 billion on IT. We’re just at the beginning of innovation, and there’s immense potential for growth. The banks are creaking under the weight of old legacy systems. They just can’t evolve fast enough alone; they need to collaborate with and buy into fintech companies in order to successfully compete in the new digital landscapes.
We saw this trend of collaboration between banks and fintech entrepreneurs emerge in 2010 with the FinTech innovation lab in NY, which has now expanded to include labs in London and Hong Kong. Financial service firms like Sberbank of Russia and Spanish bank BBVA have also begun to create their own VC funds to fund fintech companies. Sberbank and BBVA have both committed $100 million — a clear sign of maturation within the market.”
read more>>
Labels:
banking technology,
bubble,
risk,
technology
Friday 6 December 2013
Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value
From Bloomberg
“Former Federal Reserve Chairman Alan Greenspan said Bitcoin prices are unsustainably high after surging 89-fold in a year and that the virtual money isn’t currency.
“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”
Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record $1,124.76 on Nov. 30. The currency has rallied on growing interest from investors, while merchants are starting to accept Bitcoins and U.S. officials have told lawmakers such payments could be a legitimate means of exchange.”
read more>>
“Former Federal Reserve Chairman Alan Greenspan said Bitcoin prices are unsustainably high after surging 89-fold in a year and that the virtual money isn’t currency.
“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”
Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record $1,124.76 on Nov. 30. The currency has rallied on growing interest from investors, while merchants are starting to accept Bitcoins and U.S. officials have told lawmakers such payments could be a legitimate means of exchange.”
read more>>
Labels:
Bitcoin,
bubble,
digital money,
risk
Monday 8 April 2013
Why Banks Should Care About Bitcoin
Look beyond the hype about the price of this digital currency. Because Bitcoin's not just a currency, it's also a payment system, and as such a budding challenger to PayPal, Western Union, Visa, MasterCard, and perhaps banks themselves. Whether the currency is a pot of gold or fool's gold is beside the point, argues Executive Editor Marc Hochstein. The real potential of this technology is as a set of pipes for transmitting value.
Labels:
banks,
Bitcoin,
bubble,
digital money,
financial innovation,
innovation,
money
Tuesday 26 March 2013
What we are reading … 26th March 2013
Starbucks's Shoddy Square Rollout Baffles Baristas, Confuses Customers http://dld.bz/cs8dP
Regulators Not Prepared for Financial Services Cloud and Mobile Adoption http://twb.io/Yo8QEt
6 Big, Hairy Innovation Ideas from Bank Innovation 2013 - http://dld.bz/cs2s7
Is Regulation the Newest Banking Bubble? http://dld.bz/cs2s3
The Unknown Costs of Dodd-Frank Banking Regulations http://soa.li/QabcSQe
Libor Still Big Threat For Banks As Freddie Mac Sues Dozens Over Losses http://onforb.es/XZu5A6
Human Frailty Lets Cyber Thieves Attack, Expert Says http://dld.bz/cs2sx
South Africa: Mobile banking is still waiting to take off http://shar.es/eyOZR
Five Ways to Stimulate Electronic Payments http://www.finextra.com/Community/FullBlog.aspx?blogid=7471
A bank in your pocket: The mobile money revolution in Tanzania http://shar.es/eOVQb
Regulators Not Prepared for Financial Services Cloud and Mobile Adoption http://twb.io/Yo8QEt
6 Big, Hairy Innovation Ideas from Bank Innovation 2013 - http://dld.bz/cs2s7
Is Regulation the Newest Banking Bubble? http://dld.bz/cs2s3
The Unknown Costs of Dodd-Frank Banking Regulations http://soa.li/QabcSQe
Libor Still Big Threat For Banks As Freddie Mac Sues Dozens Over Losses http://onforb.es/XZu5A6
Human Frailty Lets Cyber Thieves Attack, Expert Says http://dld.bz/cs2sx
South Africa: Mobile banking is still waiting to take off http://shar.es/eyOZR
Five Ways to Stimulate Electronic Payments http://www.finextra.com/Community/FullBlog.aspx?blogid=7471
A bank in your pocket: The mobile money revolution in Tanzania http://shar.es/eOVQb
What You Need To Know To Win The Mobile Wallet War http://dld.bz/cs2sn
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