How FinTech is Shaping the Future of Banking | Henri Arslanian | TEDxWanChai

[@justinkim7202]

New generations need to think seriously about their career paths..because you'll never know when it will become obsolete.

[@rishavsaha480]

Do u think accounting is good?

[@trevorhightower7885]

@@rishavsaha480 yes sir

[@Unknown-np3sk]

One of the most underrated video that exists on internet...

[@ianmuriithi9370]

The so called traditional banks are not going anywhere anytime soon. Fintech cannot survive on its own, remember the biggest investors in fintech are traditional banks. The future of technology is the mutual eco-existence of traditional banking and fintech as two designs that compliment each other.

[@themittal]

Well said

[@zitaslog9966]

Ian but I feel that’s why there is a word called revolution. How do they both compliment each other if I may ask?

[@dosendaring]

Ian Muriithi, well yes and no. Traditional banks will not go anywhere anytime soon, that's true. But it's still facing serious challenge. For start, number of banks will be reduced. Number of branch will be reduced significantly (and this one already happening, at faster rate, thanks to pandemic). Even without pandemic, nobody goes to the branch anymore, I know I don't. Banks already co-exist with fintech since early 2000s (back then, they called them 'vendors'). I've been a banker for 13 years, and in IT industry for 8 years now. When I was in banking, I used to involved in lots of project, from setting a website, data warehouse, setting up trade finance system, core banking upgrade, setting up ecommerce, setting up payment gateway. All of them were involving third parties. These little 'fintech' (vendors) are the one that will (and has always been) co-exist and complementing bank. But the bigger one like Ant Finance, Transferwise, Kabbage and Neobanks, that's another story. Currently they work within (or using) banking system. But at a significantly lower fee and faster processing time (compared to traditional bank), not to mention better user experience overall. Lower fee and fast, everybody loves that. Better user experience? This is what millenials crave..... and they are the biggest portion of population right now. Once the consumer tastes the better option, they don't see the reason to going back using traditional banking service (expensive and slow). Yes, banking system will not go anytime soon, that I can be sure of, knowing that financial authority (in every country) will do everything they can to protect banking system, because there's a systemic risk if the banks are collapsing. But the number of banks and/or the number of branch will be reduced significantly.....

[@jeraldinedapiton3043]

433rrreer333ee we eeee333eee33eeea333eee3e3w

[@hamoodimystic]

But if we let bank deal with business and the custmers deal with fintech, I think it ll be a big step to fix this problems..

[@gerardogarza8841]

Incredible how this video is 6 years old (2022). The Fintech revolution is still roaring and gaining ground all around the world. Latin America will benefit greatly from new firms and technology, invest in it.

[@chiarabattini6379]

Impressive really (2023)

[@jewelmarkess]

I wonder if people who lost their money in Synergy bankruptcy followed your advice.

[@amitbhatt9855]

No doubt fintechs will be crucial in the upcoming time, but they will also face the heat of regulatory purview. Moreover, banks are acting wisely to acquire these fintechs in order to survive or grow.

[@manitapaswanpaswan6579]

😊

[@onekejohn]

wow, thanks for this lecture, Africa has the highest number of smartphone users, that's why Fintech is a big deal in Africa right now.

[@matzvlog4364]

MAGIC MUSIC MONEY True

[@boyang4161]

In my opinion, regulatory requirement/ compliance is still very important for fintech. Handling front end of client financial transactional needs is only the surface. Human interaction that build trust and and emotional connection will be needed more in a world that is turning to more digital.

[@kamanijefferson638]

Regtech

[@LDacic]

TEDx, where every word has its gesture.

[@TheStephandean]

Hahahaha yooooooo

[@1mauidude]

damn, that hand gesture is really annoying and distracting to say the least. Talk the talk...that is it for this video. He was talking all about these silicon valley companies he has never worked with - a bunch of mumbo and jumbo.

[@shubh3690]

Technology is evolving so fast that many who did not cop-up will vanish.....this is a new challenge for earlier generation and same time on current one to survive in the market for job. Whatever people studied and skill acquired now became redundant and obsolete and there is now no difference between a fresher and an expert. This is most stressful condition for aged one because their learning and experience has no more value......Now we are heading toward a world which is not human friendly.....Technology must be complementary to human beings and not in competition with human beings...... I afraid There will be war between human being and Technology in the future if it does not include human being into it................ Think on it.....

[@allwaysaway]

Great content, still holds 3 years later. I just shared an updated viewpoint on Big Tech offering Banking Services and why they're doing it now plus how they'll win here!

[@ashishpal1440]

Ffffffffffffffffff55555f55ff5cx8c8cc8cc8zcc7zz8c88cc8cc7c8c

[@JasonCoulls]

Banking hasn't had it's Uber moment yet. The minute someone figures out how to arbitrage this, for the traditional banks it will be "Game Over".

[@faisalmemon4491]

Jason Coulls: That's true. But 2 things: 1. Fintech kicked off in the UK 2012 when the Government reduced the minimum capital requirements to get a banking licence from £3 million to £1 million, making it easier to set up challenger banks. 2. The biggest investors in fintech are traditional banks.

[@solomonwong7533]

look at the P2P chaos in China, it descended to a big market scam...

[@bilalmasood3728]

Bittcoin and etherum are the uber equivalents of bank, where principles of decentralization are used for the transaction of money rather than a centralized bank .

[@JasonCoulls]

@@bilalmasood3728 Almost. Most times, bitcoin can be bought and sold. However, with DeFi, you can finally start to roll out other instruments like lending, collaterolised debt, etc.

[@soniamark8503]

I am so thankful to thechinahacks for helping me out .They sent me a transfer of $37,000 to pay off my debts .

[@d.m.d1294]

I know this is 2 years old at this point, but I prefer Google pay. It has revolutionized my life financially to send funds friends and family better than even PayPal.

[@呀你可]

google has pay app?

[@adityak935]

@@呀你可 in india

[@TheGriffeen]

Fintech are going to remove or at least to decrease drastically the impact of the consulting companies. What he is saying is true, and you can make a copy paste regarding the cryptocurrencies

[@EggFriedRice41]

hope you bought some!

[@karhtikeyan]

well said ..financial service sector is going to see biggest change.

[@devinhalim5194]

I Just think if There is a Day of global blackout, what's gonna happen to all of this technological systems, it's Just how fragile this system is, so we still need a physical presence of everything

[@DisruptiveWealthCreation]

Great exciting times for start ups and new Apps. Monza and Sofi are awesome !

[@desirelifestyle7305]

This is why we need to start doing our own thing with DeFi.

[@alkasimaminu5148]

Seriously!!! Less bankers in the world 🤔 Africa be careful with all sorts of things called technical development, because it all ends on you, because you are the dumping house of all innovations. To God be the Glory

[@uripeannas4065]

The thing which should be prepared by the government is, the worst possibility of traditional bank would be ‘game over’. There will be a lot of unemployed, ex bank’s staff.

[@nafizhaq4554]

Great speech all explain about the prospect of fintech

[@user-pi9tz7ij4f]

commercial banking is changing going through platform decades.

[@judet1293]

Banks should buy Telco and Fintech companies. I have heard of companies that have both regulatory licenses in the banking and telco industries.

[@justajar42]

In Kenya East Africa , Equity Bank has both a telco and banking licenses

[@Rahul-fq9kf]

superbly articulated the current situation.

[@mrt3065]

Bs

[@jssandeep]

Excellent Summary on Fintech sir !!

[@amalrosh9846]

The best is saved for the last.... 🔥✨

[@activateCX]

Thank you for giving the great information about the Fintech

[@rdblai]

he just did a summary of fintechs today? anything new and insightful to offer?

[@呀你可]

hey for me, I have asked a legal professors in one HK uni and talked about legal and techonoly with law student, they looked at me like weirdo or talked in ways that made me feel like I am abnormal. He assuemd a role in HK U which itself made me feel somewhat relieved that I am not crazy.

[@Cammo_1234]

Good call. Announced today. Westpac back end. Afterpay front end. In Aus

[@InvestOrama]

wow this is eye opening

[@mehtashirley]

very well-spoken, still holds relevance

[@hgm8337]

mehtashirley he came across as a bit of an insufferable know it all,. Imo

[@lanieong4967]

Effective pattern of digital transformation.

[@diptyprakashswain1121]

Lets jump to future

[@mocesoduor6060]

How do you talk about Fintech without mentioning M PESA 😕

[@danamartinez386]

FinTech will be a great help today, because implementing new technologies will help many users to feel a little more secure according to their finances, in addition to that banks should know how to act before this so that instead of fall can survive the current and future world related to artificial intelligence and among others. Martínez Manuel Dana Alejandra-Especial 1

[@natalyguerrerocruz4634]

It is surprising how technology advances and the whole of society has to adapt to it, the FinTech tool has been proposed to manage technologies that support financial needs, since new generations will feel more secure when accessing them, however, these technologies they can have consequences, as not everyone adapts in the same way. Guerrero Cruz Nataly - Especial 1

[@sebastianrojasrios8088]

Technology is evolving so fast that many who did not cop-up will vanish.....this is a new challenge for earlier generation and same time on current one to survive in the market for job.

[@karennavafitz2952]

All business students should consider machine learning, if possible get some programming basic skills so as to be competitive in the job market.

[@adrianamaribelarizmendisot2358]

It´s very interesting to see how technology advances so fast, with the FinTech the banks must be modernized, because the industry is changin. I think all accountants, administrators and students should know about. Arizmendi Soto Adriana Maribel Especial 1

[@vaniamartinezcorrales1597]

The new generations must think seriously about their career paths, because you never know when it will become obsolete as well as being able to acquire computer skills to be more competitive in the work environment.

[@akshobhgiridharadas4560]

You can open an account with JP Morgan? Why is this even a #Tedx talk? No new info, just corporate press releases on #fintech spun into 15 minute talk.

[@tellingfoxtales]

If that's your position, you're failing to understand the implications of what he is saying. Freedom from usurous money lenders, freedom from price gougers, freedom from government theft, and the maximisation of the resources people have.

[@akshobhgiridharadas4560]

I am not doubting the importance of FinTech or the role he is playing. I have covered enough FinTech stories to know that he is just using this as me time on a platform to make a corporate spiel.

[@yashlakhani297]

This is correct. He lost my faith early, whilst some ideas may hold.

[@yebingfeng8889]

Can't agree more

[@coolbius241]

Yap yap, agree its just how fintect industry for financial institution not hot to process fintect like how to buy insurance by fintect how about the risk

[@irisyasminalvarez9854]

Technological innovation has been a very important factor in transforming banking in the sense that it is more accessible and easy to use. Alvarez Iris Yasmin IFI 8D

[@maritzabailon9928]

Fintech is a day to day process and has many advantages and disadvantages but it has helped thousands of people

[@itzydayanegarciacarbajal9898]

Fintechs are going to eliminate or at least drastically reduce the impact of consulting companies and help bureausatial banks.

[@brisavianeyromanmendez4202]

The benefits of fintech has brought is impressive, for example now in the pandemic we had to be at home, I preferred to pay from my account for don't go a bank to get money.

[@giovannaortizmorales4950]

A very interesting video. FinTech has too many advantages because in the future it will be very useful, which will make banks disappear if they do not implement new strategies

[@ManuelGarcia-ri1qt]

It seems to me a very interesting topic because it has innovated the way in which we pay or save our money, the most important thing is the security of money and the ease of buying things, these are things that must continue to innovate to get to the point that money already do not have cash. García Ortiz Manuel Alejandro

[@taylorfelt8856]

Wait till someone tells him about bitcoin

[@bigboi36]

lol

[@rayyanel-nafaty4227]

Bitcoin is only the tip of the iceberg

[@soniamark8503]

I got help from thechinahacks financially .Thanks to their platform i was able to pay my debts

[@Irzani938]

Banking is pretty much protected compared to transportation. Those uber/grab moment hardly can happend on banks.. Even if they could, im sure banks will be behind it as well.

[@charbeltannios546]

Tough background 👍👏👏👏

[@JamesRuleXRP]

It's 2020 and Ripple and XRP are making this happen now with On Demand Liquidity.

[@johnolofinlade8252]

It here now ..the future of banking...ALATng.

[@raviramasubramanian7425]

Very impressive presentation

[@DrEboi477]

very pertinent speech

[@imad1996]

This is a misleading presentation. Technically has and will transform all sides of our life across all industries. All business and people are required first to adapt and than take the lead to innovative. Governments have the opportunities and the responsibility to change and regulate the banking systems to protect and enable banks to innovate.

[@DisruptiveWealthCreation]

People don't have hours to spend sitting in banks. They want answers at a touch of their fingertips from their mobiles.

[@akhilhanda2000]

nothing great to take away from this session.

[@johnr9528]

When was the word "FinTech" invented? Is it supposed to impress? And why is the word "disruption" suddenly tagged with a positive connotation?

[@andresplaza1232]

When financial technology strated to be a thing.... So, people started to call it "Fintech"....

[@andresplaza1232]

It depends..... It can have a positive connotation because it crestes new jobs, a new way of doing things....like a "game changer"... However it can also have a negative connotation, 'cause it can eliminate or "disropt" older jobs..... But, maybe consider that it has more advantages than disadvantages

[@Jammievonn]

Commenting in 2022 and a lot of these have been confirmed.

[@robify4]

It’s nothing but the new “buzz word” for scammers who missed out on bitcoin bubble.

[@number7966]

With ppl like the FED and IMF involved in crypto I doubt it’s just a “buzz word” ..

[@SaidElnaffar]

Yet he did not explain HOW does this all work!

[@paco5503]

It would take longer than 15 mins

[@skdixit18]

Good talk on fintech

[@dwight4k]

We don't hate call centers. Why are we trying so hard to price humans out of the market?

[@Upgraded4552]

As long as politics (through traditional banks lobbying for protectionism) does not get into the way will this be a reality.

[@AutomataBank]

very nice inspiring video 👍

[@someoneyouknow1493]

Nathan from ted lasso come along way 👏

[@robbycast]

Is fintech decentralized? Doesn't sound like it.

[@louieafk8424]

bc it is definitely not. blockchains may be decentralised but govn/corp are still trying to put it under their control in certain ways.

[@呀你可]

interesting to see these different factors react

[@MegaBonaoCITY]

Sounds to good to be true

[@claytonelofgren]

Love this video

[@shlokparida5907]

If we choose between Bandhan Bank & Bank of Baroda ..which should be best

[@CraigBruffell]

This guy is full of it and it looks like from alot of comments here that not many of you have any idea on how the banking system works. The central banks print off money and lend it to the government with interest. That's like me printing off money and lending it to you at interest. Pretty good deal if you ask me. The money didn't actually cost me anything to make other than the paper and ink but you got to pay that back with interest and when you can't I get your real assest like car house etc. The owners of the central banks need to be stoned to death in the streets for what they have done to this world. We need to overhaul the whole system. Go back to gold and silver and create a currency for the country owned by the country. At least till everything goes back to normal then start looking at digital currency.......do your research people and you will see its criminal what is happening with our financial system. Creating inflation to basically get more of our money

[@bigboi36]

hmmmm...

[@paco5503]

@@bigboi36 Not 100%. full of it. Fortunes can be made on a few things he touched on.

[@Irzani938]

U should learn the islam banking fundamentals. Good read if u genuinely mean your words.

[@samproskow7396]

This is my favourite video to take so seriously. Thank you.

[@screen_squad_alpha]

Lol I'm an IT Programming student working part-time at a bank as a Teller.

[@screen_squad_alpha]

@@wassambinisrarulhaque1505 Canada lol

[@saibhanu2732]

Awesome 🤩

[@abhinaba__saha]

awesome

[@VijayKumarDesigner]

Well said.

[@RomyIlano]

Really nice talk! He’s great

[@jewelmarkess]

I wonder how you'd change your video now after Synergy bankruptcy and it's effect on fintech investors.

[@jojivarani8873]

Thats awesome

[@seupadonald5067]

In my opinion all business students should consider AI, machine learning,if possible get some programming basic skills so as to be competitive in the job market.

[@williamting3371]

This speaker is full of hot air! Try getting a bank account in Hong Kong, its impossible for any fintech firms. LOL! Doesn’t even mention IP!

[@mrt3065]

Well said. Capital req and regulatory requirements will show that they are dotcom phenomena

[@eeaa2608]

Great

[@priyanaina744]

Mrs Clara is legit and her method Work's like magic, I keep on earning every single week with her new strategy

[@bobbiewhite5340]

great

[@vicenta.mitimingi6953]

Noted

[@starwonder8324]

Blessings everyone GREAT WATCH HERE FOR YOU ALL "THE BEAMABLE SUSTAINABLE PRINCES" BY PROFESSOR WALTER VEITH POWERFUL POWERFUL WATCH ABOUT THE ECONOMIC CLIMATE

[@knowsherwan]

Thanku loveu

[@noureddineyounes7330]

Don't even mention Bitcoin?!?!?!

[@stephennehemiah]

Noureddine Younes blockchain

[@raghu7174]

Bitcoin will be a legacy. It's soon gonna be dead. But yeah, 'Blockchain technology' will play a huge role in finance. Maybe some other cryptocurrency will become mainstream!

[@cocoarecords]

Raghu Sajeev dead why? Lmao

[@Mauropmg]

Bankera

[@danielchan8271]

bitcoin is a scam

[@navaneetha0302]

Total Fintech companies in India?

[@ShowRisk]

Bitcoin is a king !

[@My2Cents91]

Does this guy really think that the 20% household who are "unbanked" is due to a lack of traditional bank offering and they are just waiting for the FinTech solution? 8:30

[@Afalaa]

Do you guys know were this is leading us to???. Electronic money. Are you happy???

[@momojarwan1641]

I'm going to hazard a guess and say, no?.....

[@rahulrustagi4729]

Any listed Fintech company in India..??

[@g.ramanan5190]

No really, banks will remain . How we transact will super-visually change , but banks as entity will remain

[@deborahfiores9297]

😳👀 he just said banking and wearable marks 👀symbols rfid. 😑 the Bible is a book 📖 from the future to the past .

[@markmene1975]

Square !!

[@babek7939]

An actor

[@mdarif-xj6em]

Good

[@deborahgottlieb344]

Getting slightly distracted by all the hand gestures...

[@grandbaycentral5741]

Would blockchain shaping the future of banking?

[@zain670]

Whoa

[@felixjr8604]

I wonder how in the world would i get a gold loan

[@hgm8337]

felix Jr open a gold account with a bullion bank, and apply for a loan bro.

[@bravetuber430]

Good to get rid of the banks. Revelations 13 verse 16 comes into play with a warning

[@pumkinjellybean]

u mean that we all receive a microchip implanted in our bodies?

[@daitanaka]

I'd like to see believable sources supporting this. otherwise it's just a personal opinion

[@nataliewong541]

papers.ssrn.com/sol3/papers.cfm?abstract_id=2676553

[@tellingfoxtales]

Google any of the things he mentioned, no one is going to hold your hand.

[@Nikki713100]

the Data

[@shxrxl]

what's your thoughts on this 7 years later?

[@cridestraight1753]

"These People Are Sick."

[@NixonRexzile-xz4sq]

I'm laughing because he's explaining so hard... what is going on here?

[@Cuiaba50]

I’ve thought the same thing.

[@Mauropmg]

Bankera!

[@trevormeisel]

Any credibility goes out the window when a person talking about technology refers to “WhatsApp” as whatsup? At 3:05

[@brentwilt6687]

XRP will change the banking system, it already is.

[@hugogaleramucino1425]

Oh, It's a very interessant, this tools i save my life. Hugo Galera LAE 8 C

[@lizbethvazquezdegollado3230]

I agree with my colleague Hugo, it is a very good and interesting tool. 8 ° C LAE

[@luisadriangutierrezsarabia1170]

Woww ,😱 impressive, that's techniques and tools are the future of our lifes, it's make our day a day easier. And this video explain how to help you in your job, that's fantastic.

[@kathiaguadalupegutierrezca3218]

The video tells us about the fintech abbreviation which is the innovation in technology, designs and presentation of financial services.

[@angelicamariaortizramirez9111]

It is an interesting and very accurate subject, technologies advance every day facilitating various processes and it is not to be expected that some years everything will be done digitally

[@adrianacoronadovillanueva7485]

It's great video, interesting and informatuve🎓 We can apply that in our life and more financially.

[@TourmalineFilms]

Only a minute in and finding it hard to take him seriously with those hand gestures lol