For more information on crypto-currencies, blockchain technology, and bitcoin, see Part 9.
6
P2P Finance Association, “Strong Growth Continues in Peer-toPeer Lending Market”, 30 April 2015, http://p2pfa.info/strong-growth-continues-in-peer-to-peer-lending-market.
7
For more information on crypto-currencies, blockchain technology, and bitcoin, see Part 9.
8
For further insights regarding emerging and established FinTech hubs, see Part 3.
9
Financial Times, “Banks’ Post-Crisis Legal Costs Hit $300bn”, 8 June 2015, http://www.ft.com/cms/s/0/debe3f58-0bd8-11e5-a06e-00144feabdc0.html#axzz3eT1XUB4B.
10
Millennial Disruption Index, http://www.ritholtz.com/blog/2015/04/millennial-disruption-index/.
11
Half of the world’s banks set to fall by the digital wayside – BBVA, http://www.finextra.com/news/fullstory.aspx?newsitemid=26965.
12
For additional insights on the social impact of FinTech, see Part 5. For further information on crowdfunding and the impact of FinTech on other sectors, see Part 8. See Part 10 for more information of FinTech influencing investment and capital trends. See http://money.cnn.com/2015/06/18/investing/robo-advisor-millennials-wealthfront/.
13
For further information on crowdfunding and the impact of FinTech on other sectors, see Part 6.
14
See Part 6 for more information of FinTech influencing investment and capital trends.
15
See http://money.cnn.com/2015/06/18/investing/robo-advisor-millennials-wealthfront/.
16
For further information of the applicability of FinTech solutions to emerging markets and their social impact, see Part 5. Currency Cloud, “The Insider’s View to Payments and Fintech”, 2015, https://www.currencycloud.com/payments-innovation-2015. Ibid. Source: http://www.totalpayments.org/2014/08/05/bkash-bangladeshs-m-pesa/.
17
Currency Cloud, “The Insider’s View to Payments and Fintech”, 2015, https://www.currencycloud.com/payments-innovation-2015.
18
Ibid.
19
Source: http://www.totalpayments.org/2014/08/05/bkash-bangladeshs-m-pesa/.
20
21
Accenture, “The Future of Fintech and Banking: Digitally disrupted or reimagined?” http://www.fintechinnovationlablondon.net/media/730274/Accenture-The-Future-of-Fintech- and-Banking-digitallydisrupted-or-reima-.pdf.
22
Source: https://www.gov.uk/government/consultations/data-sharing-and-open-data-in-banking-call-for-evidence/call-for-evidence-on-data-sharing-and-open-data-in-banking. The application program interface is a set of routines, protocols, and tools for building software applications. The API specifies how software components should interact. See the chapter entitled “Embracing the Connected API Economy” for further detail about APIs.
23
24
25
Ibid., and see http://www.idc.com/getdoc.jsp?containerId=prUS25519615.
26
“FinTech Trends and Predictions for 2015”, 14 January 2015, http://www.bobsguide.com/guide/news/2015/Jan/14/fintech-trends-and-predictions-for-2015.html.
27
“Cryptocurrencies made legal in California”, 8 January 2015, http://www.bobsguide.com/guide/news/2015/Jan/8/cryptocurrencies-made-legal-in-california.html.
28
See the chapter entitled “Embracing the Connected API Economy” for further details.
29
Source: The World Bank; See also Raymond Zhong, “India Launches Program Giving Poor Access to Bank Accounts”,
30
See http://elibrary.worldbank.org/doi/pdf/10.1596/1813-9450-6025. See http://www.foundationcapital.com/admin/resources/whitepapers/p2p-lending-print-h-v20.pdf.
31
See http://www.foundationcapital.com/admin/resources/whitepapers/p2p-lending-print-h-v20.pdf.
32
See http://www.bloomberg.com/news/articles/2014-07-31/banks-face-hit-on-30-billion-in- overdraft-fees-from-cfpb-rules. See http://www.bankrate.com/finance/investing/fdic-study-outrageous-overdraft-fees-1.aspx.
33
See http://www.bankrate.com/finance/investing/fdic-study-outrageous-overdraft-fees-1.aspx.
