FINTECH
Donald believes technological opportunities will also create a more even playing field . He says , “ Certainly , I see this being a huge opportunity in the future to enable device to device data connectivity to advance the peer-to-peer payments space , this in turn will create greater opportunities for smaller companies and start-ups .”
He adds , “ Open banking when effectively leveraged will be a vehicle for an optimised , personalised digital banking experience . It could also lead to the development of new payments networks outside of the big three , Visa , Mastercard and Amex .”
M & A opportunities To truly run with the big boys and become an established entity , up-and-coming fintech startups must turn to M & A when the opportunity presents itself . The investment potential and pooled resources that such collaborations provide , enable enterprises to move from being entry-level players to serious market contenders .
Oliver Holle , the managing partner at
Speedinvest – a pan-European earlystage VC with $ 486m in assets under management , believes collaborations can be critical . “ Partnerships can be the key enabler for fintech growth ,” he points out . “ For example , Stripe partnering with Shopify really put Stripe on the map . I ’ ve seen single-line API infrastructure ( which makes collaboration much simpler and easier ) becoming a core feature of many fintech platforms to accelerate distribution , especially in B2B .”
Holle continues , “ This is further underlined as Business-to-Developer is becoming a thing , which has seen the quality of documentation and developer friendliness increase dramatically over the past few years .”
Enter
5G advantages
The rollout of 5G will provide better opportunities , says Kash Amini , CEO of MasLife “ Consumers want new innovative , mobile services on the go . 5G can create a more dependable and reactive network enabling fintech businesses to provide their customers with effortlessly quick transactions , personalised payment technology and a new age of connected devices . With the low latency , high data capacity and reliability of forthcoming 5G networks bringing digitally-savvy customers new and improved services , 5G will offer fintech grand new possibilities ...