The current trends in the Fintech Eco-system are:
- Infrastructure
- Markets
- Money and Payments
- Market places
Its in this space we have comes across terms like Block chain, Internet of things (everything) IoT, Prediction markets and the one to watch for most according to me the wisdom of crowds among others. The biggest competitors of dinosaur banks is not from other dinosaur banks but the gap between them (their products) and the consumers and this is where it gets exciting from a FINTECH perspective.
I may not be privy enough re-regulation in the KE space but make no mistake this will indeed happen and that does not worry me at all. When you look at the innovation cycle of a start-up, before it achieves an incumbent status it normally is a target (we all know Uber's woes) and its at this point regulation is formulated, it may take time but it will happen.
Can you imagine what block chain can do to the Land registry in KE with use of smart contracts?
Kind Regards,
Eric M