Fintech Ecosystems

2017 will be the year of crowdfunding in Spain

Crowdfunding Reward-Based

In return for backing a project, backers receive rewards based on the amount of funding they commit (defined by the business or entrepreneur behind the project)

Crowdfunding Donation-Based

Donation-based crowdfunding is a way to source money for a project by asking a large number of contributors to donate a small amount to it.

Crowdfunding Equity-Based

Is the process whereby people invest in an early-stage unlisted company (a company that is not listed on a stock market) in exchange for shares in that company. A shareholder has partial ownership of a company and stands to profit should the company do well

Crowdfunding Investment

Is offered a share in the profits of the company in exchange for the consideration

Peer To Peer Lending

55 billions pounds sterling have been lent up to 2016 through this process. Peer-to-peer lending, sometimes abbreviated to P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers.

Digital Identity (Biometrics)

Refers to metrics related to human characteristics. Biometrics authentication is used in computer science as a form of identification and access control.

Open API

Policy makers want to use application programming interfaces (API) and data standards to enable banks to swap customer information and innovation. Banks need to start to respond to this or risk being left behind.

Blockchain and distributed ledgers

Blockchain technology can save banks $20M per year. This technology enables the distribution of the task of keeping a ledger across a network, cutting out the need for a central ledger keeper and effectively delegating the task to the users of that ledger. It effectively solves the problem of “trust” across networks.

Robot advisors or automatic finance

Global assets under management of robo-advisors are forecast to grow to $450 billion by 2020. They use algorithms to analyse data collected from investors and guide, advise or recommend what financial decisions they shoud take, will bring costs down.