Emerging FinTech is redefining the way we borrow, lend, save, spend, store and transfer money. Disruptive technologies are revolutionising traditional financial services, creating opportunities for start up entrepreneurs and corporate innovators.
In Asia-Pacific, FinTech investment more than quadrupled in 2015 to $4.3b, making it the second biggest region for growth. Global investment in the sector grew by 75 percent to $22.3 billion in 2015 (Source: Accenture)
Top FinTech sectors:
- Blockchain transfers
- Digital or cryptocurrencies like Bitcoin
- Markets and exchanges
- Money and payments
- Peer-to-peer lending, crowd funding and financing
- Retail banking
- Wealth and asset management
New Zealand has a diverse financial services industry and a thriving ecosystem for innovation. However, there has until now, been no central place where participants can connect with each other to converse, learn, inform, explore, discover, share, voice common concerns, engage with regulators and connect with international communities. In response to this growing need, in late 2016, NZTech convened a working group to establish a financial innovation and technology association with a view to bring together and grow the local community. This association is FinTechNZ, launched in February 2017.