Listers

To add on to my earlier post here's an excerpt from Business Intelligence on the potential impact of The new paradigm in Financial Technology:-

We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.

No firm (or country - my addition) is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new financial technology (“fintech”) revolution.

The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes:

Traditional Retail Banks vs. Online-Only Banks: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees.
Traditional Lenders vs. Peer-to-Peer Marketplaces: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful.
Traditional Asset Managers vs. Robo-Advisors: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for.

As you can see, this very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company.

Ali Hussein

Principal

Hussein & Associates

+254 0713 601113 / 0770906375

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim

"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi

Sent from my iPad

On 1 Jul 2016, at 1:33 AM, Barrack Otieno via kictanet <kictanet@lists.kictanet.or.ke> wrote:

Day 8 of 10:

* Internet of Things, M2M
* Net Neutrality & OTT
* Big Data
* Virtual Money/BlockChains

The Background:

Internet of Things is a vision (now a reality) of physical objects
(machines, vehicles, buildings, etc) fitted with sensors that allow
them to communicate with each other. The smart-city concept
envisions sensors continuously reporting status (e.g Traffic status,
Pollution Status, Maintenance Status) of the different objects to
allow for efficient management response. A lot of data exchanges
arises hence the term Big Data with its associated data analytics
requirements.

Meanwhile, Virtual Money/Currency (Bitcoin, etc) threatens to disrupt
the need for a centralised banking institutions. Over The Top (Skype,
Twitter, FB, Youtube) have been around longer but the need to regulate
or NOT to regulate them continues to be debated.

Given recent developments on the KiCTANET list on Virtual money what
should our position on these and other emerging issues be from a
policy perspective ? is there need to embrace the issues?

Your comments are welcome

--
Barrack O. Otieno
+254721325277
+254733206359
Skype: barrack.otieno
PGP ID: 0x2611D86A

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