FinTech Evolution

FINTECH: THE EVOLUTION In 2008 there was a global financial meltdown. Cloud technology emerged and increased access to open source software, which in turn triggered a revolution in financial services technology. (.... BUT HOW DID WE GET THERE? J.C.R Licklider develops ARPANET (Advanced Research Projects Agency Network) - this became the basis of the internet. He wanted "everyone on the globe to be 1960 interconnected and accessing programs and data at any site, from anywhere". ATM Barclays open the first ATM in Enfield, UK. Money 1967 in our hands? Yes please!. Online banking is introduced in New York III 1980's using VideoTex systems. Tim Berners-Lee, a scientist at CERN develops </> 1990 HyperText Markup Language (HTML). The world wide web is introduced to the public. 1991 Microsoft money personal banking software builds ... 1994 in online banking and secures 100,000 users. amazon Amazon and Ebay go live. 1995 ebay 1997 The term smartphone is coined. napster. Napster arrives! P2P sharing becomes commonplace. 1999 Some European banks begin offering mobile banking service. 2000's Cloud usage starts to become widespread. The first P2P lending platform in the world 2005 is launched. The iphone make's its debut. 2007 M-pesa is launched in Kenya. MEPESA PAY The first phone with an NFC chip is launched. NFC 2011 Google launches Google wallet. Google Pwallet PayPal 2012 The PayPal app is introduced. 19 M-Pesa has over 19 million registered users, accounting for $1.3 billion real time payments. MILLION sPay Apple introduces Apple Pay. 2014 01 Mobile and internet banking is used for MILLION over £1billion of transactions. Smartphones overtake laptops for 2015 internet use. 40 P2P lending is projected to have a global worth 2016 of $40 billion. MILLION i FACTS 01 3000 02 There are over 3000 start-ups in the FinTech space. FinTech http://blog.kantox.com/10-fintech-facts-probably-didnt-know Investment has grown by 27% globally per year since 2008. This is compared to 71% of millenials prefer Silicon Valley to go to the dentist 03 growth of 13%. than listen to banks. http://www.forbes.com http://www.millennialdisruptionindex.com/ % RainFin the smartest way to borrow and lend money